Mortgages! Does it work the same as applying for a credit card etc?

I know if anybody applys for credit a lot in a short time, multiple credit searches go against you and you have to wait around 6 month before trying again. Will this affect a mortgage application?Mortgages! Does it work the same as applying for a credit card etc?
It can bring down your overall score a few points but shouldn't make a huge impact. they may look at who was checking your credit... did you apply for a bunch of credit cards and if so, why?


Overall, I think you'll be fine.Mortgages! Does it work the same as applying for a credit card etc?
The only way it affects yoru mortgage application is if all those inquiries hurt your score enough to drop it. Dont open new accounts as that can effect yoru monthly payments and drop how much you qualify for.





Yes, inquiries for mortgages also ding your score as well.
Shopping for a mortgage does not affect your credit history like looking for money to spend on consumer goods. Banks tend to view multiple mortgage applications more as prudent shopping rather that credit seeking.
Like any other application for credit, a mortgage lender will check your credit report and credit score and that can determine ...





+ whether or not they choose to lend to you





+ how much they are willing to lend you





+ how much down payment they will demand





+ what interest rate you will be charged
No, apply online at www.surefirefinance.co.uk they will get back to you with an offer.
You need to consult a bank loan officer. It might affect your ability to get a mortgage loan, especially if your credit history is poor and you have been trying to get more credit cards. This may indicate a poor ability to manage money. Speak to a loan officer at your bank and ask for help, they might even know of an agency or someone connected to the bank that can give you good advice on managing the money you do have. Good luck.
If you've applied for multiple credit cards in a short time, that may count against you in getting a mortgage. It usually depends on the financial institution and their usual standards.





Usually pre-approvals from multiple mortgage companies/banks don't count against you.