Updated almost 8 years ago on . Most recent reply
Concurrent residential RE investments and credit checks
Hello,
Looking for some information from people familiar with concurrent residential RE transactions.
On March 28th a mortgage lender checked my credit. I was advised that I have until April 11th to shop around for other rates. This lender checked my credit for a residential transaction I'm looking to make in Detroit (the lender is Michigan-based). I am also in the process of making a residential transaction in NJ. So two loans - both mortgages. If I have my NJ-based lender check my credit by April 11th will it still count as a check for the same "type" of loan (even though it's for a different mortgage) or will it count as a 2nd hard inquiry?
Thanks!
George