Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
Credit inquiries remain on your credit report for two years, or 24 months from the date they were made.
When applying for a mortgage or other types of loans, credit inquiries are often made. They're also made when you apply for credit cards or jobs. Credit inquiries don't necessarily hurt your credit score. However, if you see the phrase "too many inquiries" on your credit report, it can make lenders cautious. This can hurt only if you decide to take out another loan or open another credit account during the two year period the inquiries are on your credit report.
If you decide to make your own inquiry on your credit - such as viewing your credit report in detail - your inquiry will not appear on your credit report. Only inquiries made by companies and reporting agencies are visible on your credit report.
Reporting agencies are agencies that collect your credit information and report them to other companies that make inquiries. If you see an unfamiliar company that is making inquiries into your credit, chances are it's a reporting agency. In any case, you should check your credit report regularly. Don't be afraid to ask about unfamiliar terms or companies that may appear.
- What Lenders Don't Reveal About Home Equity Loans
- Short Selling a Rental Property
- Home Equity Loans for People with Bad Credit
- Second Mortgages: Advantages and Disadvantages
- Should You Refinance? Make Sure the Timing is Right
- What To Do When Mortgages Default
- 3 Reasons Banks Reject Short Sales
- FHA Eligibility with Bankruptcy and Foreclosure
- 3 Factors that Can Negatively Affect Your Mortgage Application