 TITLE: Will a Mortgage Preapproval Hurt My Credit Scores? CONTENT: How Mortgage Preapproval Affects Your Credit\n--------------------------------------------\nAs 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 reports.\nWhen the lender requests those credit checks, a notation known as a hard inquiry appears on your credit report. Because hard inquiries are associated with the acquisition of new debt, they can cause your credit credit scores as calculated by the FICO® Score☉ and VantageScore® scoring models to dip. This score reduction is usually short-lived, and the inquiry will drop off your credit report completely after two years. END