Pre Qualification Questions

Anonymous — Fri, 02 Apr 2010 01:51:52 GMT

Will getting pre-approvals affect my FICO score?

Also if I am above 660 on all my FICO scores and have 5 year plus near six figure income and almost no debt will that be a problem?

Should I just do it?

Re: Pre Qualification Questions

ShanetheMortgageMan — Fri, 02 Apr 2010 02:53:56 GMT

"Like inquiries" within 14 days (but I believe 30 days for mortgage inquiries) will only count as 1 when it comes to affecting your FICO score, all inquiries will be shown, but only the first one in that time period will effect the score (or so they say).

@Anonymous wrote:

Also if I am above 660 on all my FICO scores and have 5 year plus near six figure income and almost no debt will that be a problem?

Should I just do it?

Depends on sales price and down payment, and because you might be going for a higher sales price than most (talking about most of America, not your local market), where you are buying would determine things too.

If you ask a Nike employee, they'd say so. Might be good to analyze things first with a mortgage pro.

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Pre Qualification Questions

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