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Most lending institutions will not want to pull your credit report initially, until they are sure you are serious about getting approved. It costs lender money to pull your credit, so it is in their best interest to wait until they know you are serious before they pull your credit report. So, make sure when you apply for a mortgage loan, that your credit is not being pulled with your initial application. When applying for a mortgage loan online, here are some ways to know that your credit is most likely not being pulled.
1. Did they ask you to describe your credit? If they asked you to describe your credit, that is because they are probably not going to pull your credit initially.
2. Did they ask for your social security number? If they donít have your social security number, they canít pull your credit.
3. Search their website to see if they tell you whether or not they will pull your credit report initially. It may be listed under their frequently asked questions.
To see a list of recommended bad credit mortgage loan companies online, visit this page: www.abcloanguide.com/lessthanperfectcredit.shtml. Carrie Reeder is the owner of ABC Loan Guide. It is an informational loan website, with informative articles and the latest finance news.