Frequently Asked Questions
The short answer is, "not much." In fact, a hard credit inquiry only drops your score by a few points, at the most, 5. So don't worry about those credit pulls mortgage lenders or mortgage apps request as part of their prequalification or quote process. Unless your credit score is very low to begin with, those few points aren't going to change anything.
In fact, according to Experian (one of the "big three" credit bureaus), "...hard inquiries related to mortgage, auto loan and student loan applications are entirely ignored for 30 days from the date of the inquiry."
And even after those 30 days, Experian states, "After those inquiries have aged past 30 days, they still may not be counted as independent inquiries by credit scoring models. That's because FICO® considers similar loan-related inquiries that have occurred within 45 days of each other as a single inquiry in the scoring process."
So go ahead and get that quote, prequalification, or application started! You're good.
Read more from Experian about how credit inquiries impact (or don't impact) your loan application/approval.
You can log in to online banking from any page on our website. You will need your username and password. As an alternative, you can also access your account on our mobile app which offers dual authentication and fingerprint access.
Sign up for home banking (e-Branch/Online Banking) when you open your account or anytime thereafter. Simply visit our e-Branch page, and click on the Get Started button. You will need your member ID and assigned PIN (provided at account opening) to set up your account online.
Visit mitfcu.org and click on Log In/Forgot Password. When using “forgot password” you will need access to the phone number currently on record with your account.
We cannot send a code to unlock your account to a phone number not already on record.
If you are having trouble logging in to home banking, forgotten your username, or have tried the “forgot password” link without success, please call us at 617-253-2845 for assistance. When using “forgot password” you will need access to the phone number currently on record with your account. We cannot send a code to unlock your account to a phone number not already on record.