08-31-2007 11:17 AM
08-31-2007 03:15 PM
08-31-2007 03:19 PM
sdlt21 wrote:Hello people,I am doing my reasearch on getting financing for my first home. I spoke to a lender referred to me by CalPers and she wants to do a pre-approval on me to see what kind of programs I qualify for. According to her, a pre-approval is a hard inquiry on my credit report, but it will not affect my score. She said if my score is affected by two points she would be surprised. However, I asked another lender about pre-approval and he said that the hard inquiry would have a negative affect on your score.I understand that if you buy a house within 90 days of getting pre-approved, it doesn't matter anyway. But I don't think I'm that far. Realistically, I'm more in the 3-6 monthe range, but I would still like to know where I stand. Anyway, probably more info than needed, but any insight would be apprciated. Thanks.BTW, according to the CalPers lender, with good scores, the inquiry would have no effect. Is this true? Thanks again
09-01-2007 06:03 AM
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