11-27-2012 04:34 PM
from what I understand, FICO doesn't score mortgage related inquiries for a period of time, I think it's 30 but it might be 14.. you might have to do some research on it. This gives you a chance to close on the house before you get a score drop
11-30-2012 03:10 PM
My understanding is if your score is currently 640 then THIS pull should be 640, the hit (if any) will show up the NEXT pull. I could be wrong but this is what I've heard.
11-30-2012 03:14 PM
See that I dont understand, mortgage pulls are batched up in like a 30 day period. So if I have a couple lenders pull my credit I wont get it for each one during that 30 days.
So if I get pulled today at a 640 and pulled tomorrow by a different lender they should see the same score. This makes me think you take the hit on the first pull you get.
11-30-2012 03:33 PM
"So if I get pulled today at a 640 and pulled tomorrow by a different lender they should see the same score. This makes me think you take the hit on the first pull you get."
I've had 5 hard pulls for a mortgage in the past 6 months. Every one of them (for EQ) were exactly the same as what my score watch said the day before it was pulles. To me that means the score you see online is your score for the very next pull....hit taken next.