Soft Credit Inquiries vs Hard Credit Inquiries

Will getting pre-approved for a mortgage hurt your credit score? One of the most common questions we hear from homebuyers is whether a lender will pull their credit and how that affects their ability to qualify for a mortgage. In this episode of Mortgage Matters in Minutes, Brent Rasmussen explains the difference between soft credit inquiries and hard credit inquiries, how they impact your credit score, and why waiting to get pre-approved could actually hurt your home-buying plans. 🏡 In This Episode You'll Learn: What a soft credit inquiry is What a hard credit inquiry is How mortgage pre-approvals work Whether credit inquiries lower your score How long mortgage pre-approvals remain valid Why planning ahead is critical when buying a home Common credit myths that can delay homeownership 💡 Key Takeaway: Getting pre-approved early helps you understand your buying power, identify potential credit issues, and create a plan before finding your dream home. Many lenders now offer soft credit inquiries that allow buyers to start the process without impacting their credit score. 📞 Questions about getting pre-approved? Call Mortgage Specialists today at 402-991-5153 🌐 Visit us online: https://www.mtg-specialists.com 👍 Like, Subscribe, and Share for weekly mortgage education, home buying tips, refinancing strategies, and real estate financing updates. 🔗 Helpful Resources ☑️ Apply for a mortgage: https://mtg-specialists.com/online-application/ ☑️ Schedule a call: https://calendly.com/mortgage-specialists-omaha ☑️ Call: 402-991-5153 ☑️ Blog: https://mtg-specialists.com/blog/ ☑️ Reviews: https://tinyurl.com/55zft5ef 📱 Follow Mortgage Specialists 📘 Facebook: facebook.com/mortgagespecialists 📸 Instagram: instagram.com/mortgagespecialistsomaha 🐦 Twitter/X: twitter.com/MTGSpecialists Timestamps for MMM 212: Soft Credit Inquiries vs Hard Credit Inquiries 0:00 - Intro 1:23 - What is a Soft Credit Inquiry? 2:44 - How Long Pre-Approvals Last 3:06 - What is a Hard Credit Inquiry? 4:24 - De-Duping Period 5:33 - Conclusion 6:04 - Outro Licensing info: Brent Rasmussen, NMLS 5918 at Mortgage Specialists, LLC NMLS 2424 For licensing, go to www.nmlsconsumeraccess.org Address: 8420 W Dodge Road #113, Omaha, NE 68114 Equal Housing Lender Website: mtg-specialists.com Applicant subject to credit and underwriting approval. Restrictions may apply, contact Mortgage Specialists, LLC for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Mortgage Specialists, LLC does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Mortgage Specialists, LLC. Mortgage Specialists, LLC and its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Mortgage Specialists, LLC is a limited liability company organized under the laws of the State of Nebraska. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency. Mortgage Matters in Minutes Episode 212: Soft Credit Inquiries vs Hard Credit Inquiries