Mortgage application send without knowing?
by Mortgage Rates on Wednesday, September 29th, 2010 | 3 Comments
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Do you have a Realtor buyer representation agreement, if so ask them!
On your own, you could not qualify. they have to cover their tales when they pull credit on someone, which by the way does lower your score slightly. But getting denied will not affect your score.
They are just closing the books on you, don’t sweat it
This procedure will do nothing to your credit score. The mortgage broker is simply following procedure in that alone you are not qualified to purchase a home.
With you sister you might have qualified.
They have to have a reason to close their file on you therefore they sent you a notice of denial. This closes their file.
By them getting a credit report this might lower your credit report slightly.
The denial of credit goes no place except to you and the file they have accumulated on you. They do not send the denial to any credit bureau therefore it will not affect your credit score or credit report at all.
I hope this has been of some use to you, good luck.
“FIGHT ON”