1. Soft Credit Inquiry Disclosure: To help assess affordability, we will conduct a soft credit inquiry. A soft inquiry will not affect your credit score and is solely for prequalifying you for a mortgage. A hard inquiry, which may impact your credit score, will be obtained only if you decide to proceed with the mortgage application.
2. Credit and Data Privacy: Protecting your privacy and data security is our top priority. We ensure that your personal and financial information complies with or exceeds industry-standard security measures.
3. No Obligation Disclaimer: This affordability check gives you access to your credit score and does not obligate you to use our mortgage services.
4. Authorization Acknowledgment: In compliance with the Fair Credit Reporting Act, you authorize FEMBi Mortgage to access your personal credit report with a soft inquiry solely for mortgage prequalification.