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Real Estate
Reply to "Lock in interest rate with multiple lenders?"
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[quote=Anonymous]It could be dangerous. When your credit is run multiple times it affects your score- and depending on what your credit is if you're on a threshold it could drop you below a threshold for a good rate. I was victim of this as my credit score expired the week before I closed (I think good for 90 days?) and when they reran it- the 2 multiple runs in just over 90 days affected it- I think it dropped 10 points? and thus I had to pay more points at closing. [/quote]
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