topic Re: Second mortgage soft pull in Mortgage Loans

Second mortgage soft pull

Anonymous — Wed, 02 Nov 2016 01:58:23 GMT

Our credit has been pulled and all documents sent and approved. I understand our credit will be pulled again as a soft pull. But will this soft pull check our credit score or is it just checking out debit to income? We have an FHA loan and we were advised by our loan officer to put our inspection and appraisal on our credit card. I don't know if we can pay down the card before the statement cuts and a higher utlization may lower scores but won't change our monthly payments. So will the higher cc balance matter?

Re: Second mortgage soft pull

dragontears — Wed, 02 Nov 2016 02:04:03 GMT

I believe it is just looking for changes (i.e. new accounts, inquiries, etc) and a score is not generate from the pull

Re: Second mortgage soft pull

Anonymous — Wed, 02 Nov 2016 19:11:31 GMT

@dragontears wrote:
I believe it is just looking for changes (i.e. new accounts, inquiries, etc) and a score is not generate from the pull

This is correct. It is just making sure you didn't run up your credit cards or open any new accounts.