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Updated almost 10 years ago on . Most recent reply

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452
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10
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Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

Getting 4 pre-approvals within a months time ......

Michael Dunn
  • Olive Branch, MS
Posted

I was wondering if it would hurt my credit, if I were to apply for a loan with 4 different Lenders , to see which will give me the best rate, and more particularly for me ..... Loan me the most amount

I have been approved for a $65,000 loan from one Lender , but wanted to apply  for a Loan with 3 other Lenders, and see if I can get a higher amount ...... $75,000 - $80,000 preferably .

I just don't want this to hurt my credit , by submitting / applying for 4 different Loans ?

Should be ok , as long as I do them all with  a 1 month time .... I should be fine ( as far as it not hurting my credit and or bringing my Credit Score down )

Thanks so much as always - Michael

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