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Mortgage, Refinance and Home Equity Loans

When shopping for a loan, it is important to shop rates with a few lenders at the same time. It will not hurt your credit report, because the inquiries on your credit file will be merged. This is known as loan shopping and you have a period of 10 days to apply with multiple lenders. If you spread your Loan applications over a few month span, these will not be merged and the inquiries could lower your credit score.


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