Important information you need to know BEFORE running your credit report
Part of the mortgage loan process is to run a credit report.
There are two types of credit pulls:
a "Soft Pull" & a "Hard Pull"
"SOFT-PULL"
A soft pull does NOT show up on your credit report as an inquiry and will NOT affect your credit score in any way.
It is a GREAT way to see what your scores are without lowering your score.
"HARD-PULL"
A hard pull will show up on your credit report as an inquiry and can lower your score by 3-10 points for each hard pull.
It is important to not let several creditors run a hard pull on you for the same loan as this can significantly lower your scores.
For instance, if you apply for an auto loan at a dealership they can run a hard pull at several "in house" lenders and each one will
count as an inquiry on your credit.
Likewise, if you are wanting to compare mortgage loans and apply at several different lenders, each lender will run a hard pull and it can significantly lower your scores.
THERE IS A BETTER WAY!!!
At Assurance Mortgage we allow you to pay for and choose to run a "soft pull" first so we can see what your scores are. This will let us know if we can move forward BEFORE running a hard pull.
AND
The BEST part of using
Assurance Mortgage, we are set up with over 10 different wholesale lenders and we are able to run 1 hard pull to use with all our lenders to find you the best rate and closing costs for your loan.
Keeping your scores as high as possible.
Would you like to know what your credit scores are
WITHOUT LOWERING YOUR SCORES?
Click the SOFT-PULL Smart Pay link below to pay for and see what your scores are.
Ready to take the next step and move closer to owning your own home in the next 30 days?
Click the HARD-PULL link below to pay for and take the next step to homeownership.
