09/12/2024
π« Mortgage Myth: Applying for a Mortgage Will Hurt Your Credit. π«
While applying for a loan can have a temporary impact on credit score, itβs not as damaging as some might think. According to Experian, credit scoring systems typically respond to hard credit inquiries with a small, temporary dip in your credit score. However, the impact is small and can resolve in time.
Focus on the long-term benefits of homeownership and how making consistent, timely payments may even boost your credit! π‘π₯
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