I believe many people are surprised that skipping payments isn't the only way that could harm your credit rating – the truth is, for every application you fill out, your credits is weaken. This is because each bank pulls a credit bureau on you to assess your application and these inquiries are reflected on subsequent bureaus. Many lenders consider more than one inquiries to be a red flag on your credit. A good credit rating is critical in getting the best rate mortgage and terms. A mortgage broker protects your credit by pulling just one credit report and submitting it to lenders on your behalf. This way you can shop for the best possible mortgage amongst many lenders without damaging your credit rating.
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