Mortgage Glossary
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.
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