The short answer is yes, a mortgage pre-approval can affect your credit score, but the impact is usually minimal and temporary. When you undergo the pre-approval process, lenders conduct a thorough assessment of your financial health, which typically includes a…
Mortgage pre-approvals can have a minor impact on your credit score, primarily due to the hard inquiry made during the application process. While this inquiry may result in a slight dip in your score, understanding the nuances of credit evaluation…
Obtaining a mortgage pre-approval can indeed have a slight impact on your credit score, primarily due to the hard inquiry made by lenders during the application process. While this impact is generally temporary, understanding how mortgage pre-approval works, its effects…