My Credit Scores and Rate Shopping!

When looking for a mortgage or auto loan, you may want to check around to see who has the best rates. Each lender you check with will want to check your credit report. Not only for credit scores, but also for your credit history which means multiple pulls or looks at you credit report. This is already apart of the credit scoring system to know the difference between looking for one loan as opposed to many new lines of credit. This is done in part by the length of time in which inquiries occur. The rule set in place is 14 days from the first inquiry, so make sure when you start looking that you have all your ducks in a row (so to speak) and get your credit pulls done in the 14 day window. For auto loans one dealership usually has several lenders who they work with so you may get several offers and credit pulls at one dealership there again just keep it in the 14 day window. My suggestion is to find the car you want or narrow it down to 2 then have them see what your financing options look like. This way you keep better control and management of your credit and who is pulling or viewing your credit report. If you are looking to Purchase or Refinance a home rates are still at a 30 year low. Go to www.questgroup-usa.com they have over 150 lenders they do business with and are FHA and VA certified. This means they pull or view your credit once then get the best possible loan options for your mortgage needs. You can also contact them toll free or email them for more information through there website.