What is hard penalty for mortgage?
Date: Tue, 03/19/2019 - 21:02
Hard inquiry is triggered
Hard inquiry is triggered when you apply for a credit card or a loan. Too many hard inquires within a span of 45 days won't hurt your FICO score. There will be a hard inquiry when you apply for mortgage.
No, only when you applies for
No, only when you applies for loan, or a credit card, your financial record will be checked by the lenders of creditors. This process is known as hard inquiry.
Submitted by Sanders Patricia on Fri, 03/22/2019 - 05:39
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Paying back mortgage do not
Paying back mortgage do not trigger a hard inquiry. It'll only counted when you apply for a auto loan, mortgage, or credit cards. Each of these types of credit checks count as a single credit inquiry.