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Amerifirst blog

Explore our blog for insights on buying, financing, remodeling, and taking care of your home.

Could Mortgage Pre-Approval Hurt Your Credit Score?

  • Wed, Dec 26, 2018
  • 5 min read

  If you’ve started thinking about buying a house, you’ve probably heard the term “credit score.” This number tells a bank how likely it is that you can pay back your loans, and it’s based on things like the amount of debt you have, loans you’ve had in the past, and your repayment history. The higher your score, the more likely it is that a bank will lend you money.   You’ve earned your score by taking good care of your finances, so you want to be careful about anything that might take away from it. And one thing that can subtract points from your score is a credit inquiry.   “But wait!” you say. “Wasn’t I supposed to get pre-approved for my mortgage before I start looking at houses? And doesn’t a pre-approval count as a credit inquiry?”   Good question, but when it comes to pre-approval, your credit score is safe. Here’s why.

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Why Should I Get Pre-Approved for a Mortgage Loan?

  • Wed, Dec 26, 2018
  • 4 min read

The key to a successful house hunting mission is the mortgage pre-approval.

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5 Activities to Avoid Between Mortgage Pre-approval and Closing on Your New Home

  • Wed, Dec 26, 2018
  • 8 min read

This is a guest post by Blair Warner, senior credit consultant and founder of Upgrade My Credit

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