Buyer Questions of the Day, I have a credit report, is that enough?
Is it okay to submit multiple Pre-approval requests?Â I am a first time home buyer and one realtor contacted me today.Â She asked me to get pre-approval letter. I had actually, from Trulia.com, submitted a request in December 2012 and did not get pre-approved due to low credit score.Â However, my credit score has now increased above 720 and would like to know whether submitting a pre-approval request again would do any harm?
You need to know if you can qualify, unless you have a Residential
Mortgage Credit Report (RMCR) you do not have a true reading of your credit.Â
Get an updated report prior to looking at houses. Below is a link to what an RMCR includes.Â
Best of Luck,Â
Josh Barnett, RealtorÂ
Metro First Realty