Finance
A NH buyer who shops for a mortgage and receives multiple loan estimates within 45 days will have all inquiries counted as:
ASeparate hard inquiries, each reducing the credit score by 5 points
BA single inquiry for FICO scoring purposes, minimizing score impact✓ Correct
CNo impact on the credit score whatsoever
DInquiries that stay on the credit report for 7 years each
Explanation
FICO scoring treats multiple mortgage inquiries within a 45-day window as a single inquiry — recognizing that consumers should be able to shop for the best rate without penalty to their credit score.
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