Reply
Valued Member
basketsbears57
Posts: 35
Registered: ‎05-07-2007
0

Applying for refi mortgage - online OK?

Hi Again
Hopefully this is my last question for awhile as I absorb all the information here.  Is it better to apply for mortgages online or locally?  I have heard that if you apply online it can hurt your score more.  Just don't know where I can get the best deal.  My EQ & TU are both is 650 range - hope to get somewhat higher in the next month or so.  Would love to get some cash out to add on to house, but am not too sure if I will be able to do that or not yet.
Thanks!  Lynn
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Applying for refi mortgage - online OK?

"  I have heard that if you apply online it can hurt your score more. "
 
Where did you hear that? Totally false. In terms of scoring, it makes no difference where or how you apply.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}