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When buying a house do you have to pay for your credit report

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September 23 2013 - Collinsville
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Most every lender has a charge to pull  your credit report.  After all they are charged by the credit bureaus as well.  It is not free to them.
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September 23 2013
This depends on your lender but either way you have to pay it some form or another. Some lenders ask for a cost directly for pulling your credit. Others will not ask for it until the loan is processing and in the works. So yes, you do have to pay for your credit report.

I hope this helps and good luck!
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September 23 2013
Typically yes, you should be prepared for the cost the loan officer will charge to process your paperwork which will include your credit check.  This does not always apply in every situation so contact a lender and ask for details before committing to the process.
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September 23 2013
Truly depends on your lender.
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September 23 2013
Yes, you do and you also pay for the Appraisal.
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September 23 2013
A mortgage credit report is always a separate company from the originator. For example if you apply with a bank, a broker or a mortgage banker they do not own the company that compiles your credit report. Someone has to pay for it.
If you are just doing a pre-approval the lender may never recover the $20. fee as you might go somewhere else.
The credit report is only good for that specific lender and becomes aged or not "useable" quickly. Lenders are only allowed to charge the actual cost. Some lenders will give you a copy (important and useful to work on raising your score) while a bank will say they aren't allowed to give you a copy- just tell you the scores. Ask about this before you apply
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September 23 2013
There usually is an application fee which will cover the report.
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September 23 2013
Depends on who you use as a lender. There are fees every lender must pay and these fees are taken into consideration when they compute their cost of doing business aka their closing costs.  I would suspect that if this was not singled out up front it was included in the fees your lender quoted you for processing your loan. 
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September 23 2013

Our company collects for the credit report when the appraisal is ordered once you find a house..

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September 23 2013

Your lender will pull the report and not charge specificly for doing that, but will charge you $$ to process the loan.

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September 23 2013
 
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