PHOENIX — Could asking questions impact your credit? What information should you share when shopping home loans?
Karla contacted The Let Joe Know Team after she ended up with a loan application in her name. She had been exploring options to refinance and just wanted to see if it was good option.
"Unfortunately, there is no real recourse" said Holden Lewis, a mortgage expert with Nerdwallet.
Lewis says, at this point, you may as well go ahead and apply to other places.
"If you make a bunch of loan applications in a period of just a few weeks, it counts as just one credit inquiry," said Lewis.
Lewis says if you're not applying for a loan, don't give them your social security number or the home's address.
"You can give a lot of information such as your income and the zip code that you're looking at, and your credit score range" said Lewis.
If all you want to do is get a pre-approval - not apply for a loan - you'll have to provide personal information such as your social security number, but not the address of a home you want to buy.
If you're not ready to approach a lender, there are online tools to establish a home buying budget.