Home Buying in 08088>Question Details

Cornelius, Home Buyer in 08088

Am I able to use a pre-approval from two different mortgage companies on the same home during the same time frame?

Asked by Cornelius, 08088 Tue Sep 27, 2011

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3
Quick answer:
Answer is yes. You can shop around for the best rate and best loan structure.
Resolve, it's no big deal at all.
0 votes Thank Flag Link Thu Mar 21, 2013
Hi Cornelius,
Did you make an offer, then decided to switch mortgage companies? Yes, you can use a different pre-approval. The sellers are concerned only with whether you have the funds to close on their home. If you decide to switch mortgage companies, just make sure that you have your agent promptly supply the new pre-approval to the seller's agent.
0 votes Thank Flag Link Sun Oct 2, 2011
Sure....it's always good to get pre-qualified from different lenders...you are in a better position to familiarize yourself with costs/terms, etc.
0 votes Thank Flag Link Tue Sep 27, 2011
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