Inquiry
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
An inquiry is a record of a lender or creditor checking your credit, which can be a hard or soft inquiry.
What Inquiry means
Hard inquiries from applying for credit can slightly lower your score; soft inquiries, like checking your own credit, don't. Rate shopping within a short window counts as one inquiry.
Florida example
A Florida buyer who applies with several lenders within a 14–45 day window has those mortgage inquiries treated as a single event. So shopping for the best rate won't tank their score.
What it is
An inquiry is a record that someone checked your credit. A hard inquiry, from a loan application, can lower your score a little.
A soft inquiry, like your own check, does not.
Why it matters
Too many hard inquiries in a short time can hurt your score. Rate shopping in a tight window usually counts as one.
We help you shop smart to protect your score. Apply now and we will time your credit pulls right.
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