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Anonymous
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Message Edited by songman50 on 05-04-2007 07:31 PM

Message Edited by songman50 on 05-04-2007 07:31 PM
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: When do I start shopping to refinance without lowering my score too much?

Do all  your rate shopping within a 14-day period and the mortgage inquiries should count as one inquiry, which will have little effect on your score.
Message 2 of 6
Tuscani
Moderator Emeritus

Re: When do I start shopping to refinance without lowering my score too much?

Yep.. just remember your overall inquiry count will increase for each.. but as already noted, FICO will only ding your score for one.
Message 3 of 6
smallfry
Senior Contributor

Re: When do I start shopping to refinance without lowering my score too much?

Why can't FICO differentiate between something like this which is legit and important and a grasp for more credit cards because the consumer is maxxed out. There is something wrong here I think.
Message 4 of 6
Anonymous
Not applicable

Re: When do I start shopping to refinance without lowering my score too much?

Thanx.  I'll do it all in the 14 day window! 
Message 5 of 6
Anonymous
Not applicable

Re: When do I start shopping to refinance without lowering my score too much?

Hello Songman,
     If I could be of service please let me know. I am a mortgage banker with Wells Fargo Home Mortgage.
 
 
Message 6 of 6
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