cancel
Showing results for 
Search instead for 
Did you mean: 

Mortgage Loan Inquiry Loss of Fico Points

tag
MichiganMommy
Frequent Contributor

Mortgage Loan Inquiry Loss of Fico Points

When you have a mortgage inquiry, do you lose FICO points automatically, or does it hit the end of the next month????
 
I will post this on the Rebuilding Credit Board too!
 
Thanks
Updates scores...inching along. Waiting for 7 recent medical collections to fall off!! (seriously working since END of May): EX 519 TU 576 EQ 449
8-02-08 EX 644 TU 647 EQ 575...650s here I come....700club, get ready!!!
Message 1 of 4
3 REPLIES 3
ShanetheMortgageMan
Super Contributor

Re: Mortgage Loan Inquiry Loss of Fico Points

It should impact as soon as the inquiry is made.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
Message 2 of 4
MichiganMommy
Frequent Contributor

Re: Mortgage Loan Inquiry Loss of Fico Points

Shane,
So the inquiry was made on Thursday. It is showing up on the CR, but no score drop. Does it sound like I might be okay?
Updates scores...inching along. Waiting for 7 recent medical collections to fall off!! (seriously working since END of May): EX 519 TU 576 EQ 449
8-02-08 EX 644 TU 647 EQ 575...650s here I come....700club, get ready!!!
Message 3 of 4
DallasLoanGuy
Super Contributor

Re: Mortgage Loan Inquiry Loss of Fico Points



MichiganMommy wrote:
Shane,
So the inquiry was made on Thursday. It is showing up on the CR, but no score drop. Does it sound like I might be okay?



yep. if it is on the report.... it is scored already.
 
Retired Lender
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.