Can meeting with multiple mortgage brokers affect your credit?
Hello, fellow BiggerPockets investors!
I am helping my brother find his second rental property. We are both in the beginning stages of our real estate investing careers and educating ourselves daily to be informed and as knowledgable as possible.
I had read/heard from a few sources that you should at the least speak with 5 or more mortgage brokers to find the best rate when first trying to network and find reliable brokers. One of the mortgage brokers my brother contacted said having multiple brokers view your credit history will affect it in a negative way. She didn't really give any more detail, unfortunately.
From your own personal experience and or knowledge, is what this broker said true or is she misleading my brother and I?
Thanks in advance,
Duncan P.