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credit: SO, DO YOU WANT A HOUSE, A CAR OR A NEW CREDIT CARD?
- 04/30/14 09:42 AM
Most mortgage professionals counsel their clients regarding creating new debt, allowing others to pull their credit or caution them against making any major purchases while they are attempting to purchase a new home. Why is this? Depending on what kind of credit granting company pulls your credit, it could have a major impact on your credit score and impact your ability to qualify for the loan you seek or the interest rate you will pay for your mortgage could increase.
An inquiry on your credit report may seem minor, but in addition to the concerns above, this will require the … (0 comments)
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Most mortgage professionals counsel their clients regarding creating new debt, allowing others to pull their credit or caution them against making any major purchases while they are attempting to purchase a new home. Why is this? Depending on what kind of credit granting company pulls your credit, it could have a major impact on your credit score and impact your ability to qualify for the loan you seek or the interest rate you will pay for your mortgage could increase.
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