Question by : Will getting pre-approved by mulitple mortgage companies hurt my credit?
I am looking into buying a house for the first time, and need to get pre-approved for financing. I have had several people tell me to check with different mortgage companies, as the rates/fees can vary. However, will multiple approvals like this hurt my credit and my chances at getting pre-approved? If so, does it really hurt my credit that bad? Or is it somewhat inconsequential?
Thanks!
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