5 inquiries too many for mortgage application ?

[Anonymous]

I want to apply for a mortgage. My Experian report has 5 inquiries:

1. For a credit card - 3 months ago (active account). 

2. For a credit card 7 month ago (active account) 

3. For a mortgage 15 months ago (active account)

4. For a mortgage 15 months ago (NOT connected to an account, was shopping around)

5. For a credit card 19 month ago  (active account).

Is that too many inquiries or I should be fine? I can try to dispute the mortgage inquiry (that's not connected to an account) before I apply for this mortgage but not sure if it's worth the hassle. I was going to try to freeze my Lexisnexis/SageStream and Innovis and then dispute with the 3 bureaus but I've never done that and a bit worried... 

Will I get a better rate if I remove that one inquiry that's not connected to a loan?

Thanks! 

[dragontears]

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@Anonymous wrote:

I want to apply for a mortgage. My Experian report has 5 inquiries:

1. For a credit card - 3 months ago (active account). 

2. For a credit card 7 month ago (active account) 

3. For a mortgage 15 months ago (active account)

4. For a mortgage 15 months ago (NOT connected to an account, was shopping around)

5. For a credit card 19 month ago  (active account).

Is that too many inquiries or I should be fine? I can try to dispute the mortgage inquiry (that's not connected to an account) before I apply for this mortgage but not sure if it's worth the hassle. I was going to try to freeze my Lexisnexis/SageStream and Innovis and then dispute with the 3 bureaus but I've never done that and a bit worried... 

Will I get a better rate if I remove that one inquiry that's not connected to a loan?

Thanks! 

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They will not affect getting a mortgage. 

Inquiries over 12 months no longer affect your score so there is nothing to gain by trying to get rid of it 

Most lenders just ask for a short LOE for any inquiry in the last 6 months. 

You are fine as far as Inquiries goes 

[pizzadude]

Don't worry about your inquiries, if your FICO mortgage scores are close to 800 then you'll be in great shape from a credit perspective.

[Anonymous]

Or, thank you! That's good to know! 

My score is actually 767... Trying to see how I can improve it a bit. Another question I have on this is this. I have 7 credit cards, some have zero balance, some under 10%. One has 78% (balance transfer). Overall utilization is under 10%.

Does it make sense to lower the 78% to 50% by transferring some portion of it's balance to another card, which will raise the second card from 10% to 20%? Or the resulting score will be the same? 

[Anonymous]

You're fine. I had like 12 when I got my mortgage.

[tooleman694]

I probably had over 30 when I got my mortgage. No one said anything.

[jeboles]

This is embarrassing but i had over 60. Didn't stop anything.