New investor here, I have never purchased property and am currently looking to acquire a small multifamily (2-4 units) using FHA financing. I just submitted paperwork to my bank for pre-qualification. I want to compare interest rates between banks, is there a way to do this without it negatively affecting my credit score? I'm worried that if I allow all the banks to do a credit pull it will lower my credit score, is there a way around this? How do most of you get quotes from all the local banks, is there a process I should be following? Again, this is my first time doing this, so any input would be greatly appreciated.
@Chad Slagle Mortgage related credit pulls done within 30 days count as 1. So it will not affect your credit score.
Upen Patel, Mortgage Banker
Federal NMLS# 1374243
@Upen Patel Thank you, I had heard something like that. Should I tell lenders I am shopping around, does it matter?