Using Trulia in Elgin>Question Details

Katlin Bryant, Renter in Elgin, IL

Is it better to have your criedt report pulled before you see an agent or should you wait to have the agent do it.?

Asked by Katlin Bryant, Elgin, IL Tue Feb 12, 2013

Help the community by answering this question:


If you know for sure what lender/loan officer you are going to use, then have them do it before you meet with the Realtor of your choice.
Otherwise your Realtor will have some excellent loan officers to recommend.
0 votes Thank Flag Link Sat Feb 16, 2013
Good Morning Katlin,

Most real estate agents like to have a pre-approval letter before showing properties. This can be arranged through your bank or a mortgage broker. This pre-approval process will include the lender obtaining your credit report which the lender will share with you.

Most realtors have a list of lenders that are active in your area.

Hope this helps and happy home hunting!

0 votes Thank Flag Link Sat Feb 16, 2013
Good Morning Katlin,

You are best to first meet with a qualified mortgage loan officer who can give you a free preapproval and pull your credit. The lender can review the credit bureau with you and look for any discrepencies, as well as guide you to the best way to putting yourself in a better position to purchase a home if needed based on credit.

If you should have any questions or would like to start the preapproval process, please contact me at the below phone number or email.

Good Luck,

Nick Nelson (NMLS#384413)
Mortgage Loan Officer
1st Step Mortgage Group
815-289-0880 - Cell Phone - Email
0 votes Thank Flag Link Fri Feb 15, 2013
If you are planning to purchase, then having a pre-approval in hand is very important, and will give you a credit score as well. Alternatively you can get a free credt score from the reporting agencies (transunion, equifax, experian) or you can use a service like
0 votes Thank Flag Link Tue Feb 12, 2013

It is best to get with a mortgage professional first to have a pre-qualification done to determine how much house you can afford if you are looking to make a purchase. However, if you are looking to rent, my office can pull a credit report for you for a small fee of $25.
0 votes Thank Flag Link Tue Feb 12, 2013
Have a preapproval done with a mortgage professional, which includes a credit pull. Consumer reports are not the same as the mortgage company reports. Since the mortgage company who loans the money has the criteria, I would go to them. But don't have multiple places pull your credit as it can affect your credit.
0 votes Thank Flag Link Tue Feb 12, 2013
get pre qualified with a lender first.
0 votes Thank Flag Link Tue Feb 12, 2013
Hi Kaitlin,

It's actually better if your lender pulls your credit report. Too many inquiries on your credit report actually brings your scores down. Once your credit report is pulled and you and your lender have established how much you can and or you would like to spend on a home, then you should contact an agent. Let me know if there is anything else I can help you with.
0 votes Thank Flag Link Tue Feb 12, 2013
We are looking to rent a house from Chicagoland realtor group. We are not needing a lender. So is it still better for the agent to do the criedt check. I agree to many inquires is bad for score.
Flag Tue Feb 12, 2013
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