I wanted to compare different lenders but the rep at the bank told me my credit will tank

false for the most part. Usually when they tell you that , it means they don't want you to shop around. Having your credit pulled a few times for a mortgage loan shouldn't ding your score. If you would like to ask me any questions please feel free to call John Regg at 513-229-9667. Thank you

John Wagner here from Union Savings Bank in Columbus614-804-6729 jwagner@usavingsbank.comwww.calljohnwagner.comThat "may" be true but very most likely, they are trying a scare tacticto keep you from due diligence in finding your best deal. I say it may be truebecause if your scores are marginal - and additional inquiries will click your scorea point or two downward, it could make a difference in rate and / or loan program.View my website and read about pre-approval for more info. Most likely, scores will NOT tank - but can be affected.Happy Holidays! JPW

Lie... big fat lie... ALL mortgage related credit reports pulled within a 30-day window only count as 1-inquiry. Next, you need to have a LOT of inquiries within the past 90-days of the pull to even slightly lower your score... If they are telling you stories today, what other sort of indiscretions should you expect if you were to use them? Lending in MN, WI, and SD - www.JoeMetzler.com

In general it is both true and untrue; I personally would not have multiple lenders check my credit. However, you can shop around for mortgage rates and fees without having your credit pulled by each lender as long as you tell each of them the same basic information (loan scenario's are based on: purpose of the loan, type of property, credit score, loan amount, property value, etc) you will be able to compare "apples to apples" - but pay attention to APR, total loan amount and the fees you are paying.

I agree with John Regg above. The only way that would hurt your score is if you went "trigger happy" with getting your report pulled. Talk to a few lenders and go with who you feel to be most knowledgeable. Whomever has the most knowledge will be able to point you towards the most BENEFICIAL loan for your scenario!Hope this helps!