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Updated about 3 years ago on . Most recent reply

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securing first property funding

Posted

Hello All

from what I've read and heard is that I need to see what amount I qualify for before I find my first property so I can move quickly when I find it.

I also heard/read to check between 3-5 different lenders to see who has the best to offer. My question is that if I go from bank to bank, won't each inquiry affect my credit score?

Or would I just see what I qualify for through a HELOC or whatever seems best at one institution and then compare my first option to other lenders for the best rates?

Hopefully this makes sense. I want to get multiple options without having multiple credit inquires.

Thanks in advance

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