Re: How many credit enquires is considered too many?
Posted: Mon Feb 18, 2019 3:31 pm
Hello Michelle. Welcome to the forums.
As a general rule when applying for a home loan, most lenders prefer that you only have one or two credit enquiries over a 6-month period.
Any more than that and they may consider you a high-risk borrower and decline your mortgage application.
Credit enquiries are recorded on your credit file each time you apply for credit with a lender. The credit file is held by Equifax (formerly Veda).
Speak with one of our experienced mortgage brokers today to find out if you qualify for a home loan by calling us on 1300 889 743 or fill in our free assessment form.
Cheers,
As a general rule when applying for a home loan, most lenders prefer that you only have one or two credit enquiries over a 6-month period.
Any more than that and they may consider you a high-risk borrower and decline your mortgage application.
Credit enquiries are recorded on your credit file each time you apply for credit with a lender. The credit file is held by Equifax (formerly Veda).
Speak with one of our experienced mortgage brokers today to find out if you qualify for a home loan by calling us on 1300 889 743 or fill in our free assessment form.
Cheers,