The housing market is busy right now with high buyer demand and not enough inventory to meet that demand. Most homes are getting multiple offers. What does this mean for buyers? Be prepared! Getting a pre-approval from a qualified mortgage lender is the first step. But you are worried about the lender pulling your credit. What if your search takes a few months until you successfully get a contract? Here is why that's okay.

  • The pre-approval is good for up to 120 days
  • Inquiries by credit scoring models for the same purpose are typically treated as a single inquiry when they occur within a period of a few weeks 
  • The impact of these inquiries diminishes the older they get.

So be prepared to be seen as a serious buyer when you make your offer.