Refinancing in next few months

[Anonymous]

I am planning to refinance in March of this year.  What is a good amount of lenders to apply for refinance?  If I apply all within the same week or so, approximatly how would that affect my mortgage score?

Thanks in advance.

[disdreamin]

Personally I shopped rates at credit unions and banks and only applied to the one that offered the lowest rate for the product I was interested in. I didn't see any reason to do any other applications since I'd already located the best deal for me. Curious what others have to say, perhaps I missed something by not applying to mutiple lenders.

[Anonymous]

Thanks for your input.  I guess not alot of info on this forum for this particular question.  Unless I missed it!

[ridgebackpilot]

Multiple mortgage inquiries within a two week period are considered a single inquiry for scoring purposes. So don't worry about "rate-shopping", everyone does it and the credit bureaus recognize that and account for it. Good luck!

[Anonymous]

Thank you!

[VALoanMaster]

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@Anonymous wrote:

I am planning to refinance in March of this year.  What is a good amount of lenders to apply for refinance?  If I apply all within the same week or so, approximately how would that affect my mortgage score?

Thanks in advance.

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I second what @disdreamin said.

You can apply with one lender to find our your mid mortgage score and then shop around without needing to apply with each lender.

[Anonymous]

Thank you!