Does Mortgage Pre-approval Affect Your Credit Score Don't Let Mortgage Pre-Approvals Sink Your Credit Score Don't Let Mortgage Pre-Approvals Sink Your Credit Score Does Pre-Qualification Affect Your Credit Score? - ;· How Mortgage Preapproval Affects Your Credit. As part of the mortgage preapproval process, you must authorize the lender to review your credit report from one or more of the three national credit bureaus (Experian, TransUnion or Equifax), and allow them to obtain credit scores based on those mortgage prequalification or preapproval may require a hard credit pull, which can potentially affect but isn’t necessarily bad for your credit score. Each time you submit an application for credit, your credit score is reviewed. Multiple hard inquiries may indicate to lenders that you’ve opened several lines of credit, which could be a red flag for high-risk financial ;· A mortgage pre-approval is a hard enquiry, and can affect your credit score if done multiple times. Other checks that may be considered a hard enquiry are car loans, credit card application, or retail ;· While getting prequalified for a mortgage might not affect your credit scores, you want to make sure other negative marks don't hurt your credit right before you apply for such a large loan. A credit monitoring service could quickly alert you to changes in your credit reports.

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