If I acquire pre-approved for a mortgage loan from a edge, am I contracted to use them?
this is a really dumb question. I am shopping around for a mortgage loan and if i get preapproved from one wall, can i still shop around for another loan and get pre-approved from the second one too?
Answers:
No you do not have to use them. You can shop around but you may not want to do too frequent pre-approvals as this affects your credit. And if remember correctly the P.A. is good for 30 days Source(s): banking exp.
Yes - but do not do it too much.. - you could bring down your credit rating when Companies look into it..
Related Questions:
Estimate inquiry of mortgage loan, some of the answers said short thinking and not true?
I had a phone conversation with a mortage specialist and she ask me if my spouse have other income. I accidently said yes he does, it's side job and he get rewarded in cash. Which is not true....
Answers:
No you do not have to use them. You can shop around but you may not want to do too frequent pre-approvals as this affects your credit. And if remember correctly the P.A. is good for 30 days Source(s): banking exp.
Yes - but do not do it too much.. - you could bring down your credit rating when Companies look into it..
Related Questions:
Estimate inquiry of mortgage loan, some of the answers said short thinking and not true?
I had a phone conversation with a mortage specialist and she ask me if my spouse have other income. I accidently said yes he does, it's side job and he get rewarded in cash. Which is not true....