Does Mortgage Prequalification Affect Your Credit Score?

Bankrate provides honest and accurate financial content to help readers make informed decisions. Their mortgage prequalification process estimates how much a borrower can be approved for without affecting their credit score. The prequalification process is simpler than preapproval and can help borrowers budget for a home purchase. It's important to maintain a stable payment history and reduce outstanding debt to improve credit before applying for a mortgage.

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