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How will shopping for better rates with different lenders affect your credit score

...and your chances of getting approved for a FHA loan?  Not only better rates but chances of lower closing costs if in case a direct lender/bank will approve?
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July 14 2009 - Florence
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Go to:  www.mtgprofessor.com

This Wharton Business Professor's website will quickly get you up-to-speed on how to shop for the best mortgage and help you avoid the pitfalls of brokers who may overpromise and under deliver. 

If you're buying a house it's very crucial to find the right ethical lender or broker because you must close on the closing date and if the broker suddenly comes up with a last minute surprise rate increase or lender fees, it will be too late to go elsewhere.
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August 10 2009
When shopping for a mortgage you typically have 15 to 30 days for mortgage companies to pull your credit and the credit agencies will only count it as one inquiry. As always you need to view your credit report frequently to be aware and address any issues that need to be corrected or disputed. For more information visit my site: http://www.ReadyToBeYourRealtor.com
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July 14 2009
You don't have to have them pull your credit to shop for rates, so as long as they don't pull your credit, it doesn't affect it.Your score will drop a little once your credit gets pulled but as long as the mortgage inquiries are within a short period of time it will be limited.
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July 14 2009
 
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How will shopping for better rates with different lenders affect your credit score
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