Re-Finance?

Who knows a good mortgage company to refinance with. Plus how can I shop around for a good mortgage if everyone wants to pull my credit score. My credit score is great, its just one of the reasons from my credit monitoring service states that having to many inquries on my account is the reason it is lnot as high as it could be. I have access to my credit score through trans union and I know the other two vary but why cant they just run the numbers with the one I have access to.

Re-Finance?

If your credit is already excellent, then creditors checking your credit will probably not amount to any material drop in your score.

After you get above about 720, then it%26#039;s all excellent and basically the same.

Lenders choose which reporting agencies to use. Some use all three, while others use only one. It%26#039;s their choice, and you will not be able to talk them out of their procedure. If your credit is that good, you should not worry about it.

How are your ratios? Debt to income and loan to value. Those two ratios play a huge factor in determining the rate you would get on a loan - just like your credit.

Re-Finance?

In general lenders usually use the middle number of your credit scores so if they solely use your transunion this may not be the same that you would actually qualify off of. I suggest having the first person run your credit and ask for a copy of the report, by law you%26#039;re entitled to this. Then at subsequent lender provide them with the scores you obtained explaining that you understand that if your score changes your rate could as well. This will allow all brokers you ask to give you an accurate quote and make sure to obtain a good faith estimate from all of them sighting the costs of the loan from them. And finally don%26#039;t hesitate to pit brokers against one another people do it all the time and it may or may not help. And my final word of wisdom is that if you are offered a deal that seems to good to be true it probably is, these usually come with higher apr%26#039;s and hidden fees that you may not find out about until closing.

Re-Finance?

First of all a Lender will look at all 3 scores from the 3 credit bureaus.

When you inquire with your first company ask them to give you your credit report and use that report with all the companies you inquire about a mortgage with.

Re-Finance?

Call around and discuss your situation with several lenders covering your area. Try your bank, your current servicing company and a good, experienced mortage broker. If you need any help connecting to the right people, let me know. I have been in the biz over 20 years. I know it%26#039;s a pain, but it is survivable.

Re-Finance?

It does not hurt your score if you have up to 8 mortgage inquiries in 30 days. The government wants you to be able to shop rates. This is a common misconception. Now cars loans, credit cards etc. different story- inquiries hurt. However you should be able to tell the mortgage company your income/credit score etc %26amp; they can quote you based on that. Whoever you decide to go with does have to pull all 3 credit bureaus- cant use yours due to fraud possibilities.

Re-Finance?

Good question and using personal experience as a measure, I%26#039;ve had no problem giving someone a rate and term estimate with the credit scores you provide.

Later in the process, your credit will have to obviously be pulled to proceed with the loan, but upfront it%26#039;s a judgment call.

BTW, the credit pulls aren%26#039;t dragging down the number like you think. Built into the credit scoring models is a variable that notices when an applicant is shopping for a home loan, car loan, etc.

Generally speaking your credit scoring doesn%26#039;t take a hit for about six months. For instance, if you call a mortgage company today and they pull your credit, then call another next week, and they pull your credit, and son on, as long as you merely close the loan within approximately six months the score won%26#039;t budge that much.

In addition, it%26#039;s important to notice that scoring can and does change when applying for a car loan or a mortgage. When applying for a mortgage, credit scores will change based on what%26#039;s reported on your credit that has to do with mortgages only. And the same is true for car loans. Your credit score there will be more or less related to your installment car loans lees so than with other types of reporting. So don%26#039;t be surprised if the scores come up a little different.

Lengthy, but I hope it helps.

Re-Finance?

Unique guide info about your question HERE:

http://all-mortgage-calculators.blogspot...

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Good luck! All is possible!!