Exploring rates or getting estimates using our mortgage rate estimate and refinance monitoring tools will not impact your credit.
If you formally apply for a mortgage with us, we will eventually request your consent to run both a "soft" and "hard" credit check:
- Soft credit check: This will not impact your credit score. It is used to verify your financial profile and generate an initial preapproval.
- Hard credit pull: This is a comprehensive review of your credit report required by the lender to engage in final underwriting and loan approval. It will be recorded on your credit history and may temporarily lower your score by a few points. If you have a credit freeze in place with any of the credit bureaus, you will need to schedule a temporary thaw to allow the hard credit check to be completed.