What exactly happens when a mortgage lender checks my credit?

According to the Consumer Financial Protection Bureau (CFPB) A mortgage inquiry has a small, but negative impact on your credit score. You can shop around and have multiple inquiries for 45 days, and the impact is the same as one inquiry Click on the following link to see more information from the CFPB:

 HTTPS://WWW.CONSUMERFINANCE.GOV/ASK-CFPB/WHAT-EXACTLY-HAPPENS-WHEN-A-MORTGAGE-LENDER-CHECKS-MY-CREDIT-EN-2005/

You can get a free credit report at www.annualcreditreport.com

Thanks!

John

John Marbury

NMLS# 740833

Cell: 205-266-5669

Fax: 205-756-4289