I would suggest that you stick to one mortgage company to get a pre-qualification as pulling your credit multiple times will affect your score. You DO NOT need to get a mortgage from the company that gives you the pre-qual. Since rates change on a daily basis, when you find a home and are ready to submit a mortgage application, that is when you should shop for the best rate. Please let me know if you would like a pre-qual (remember that doesn't mean you need to get the mortgage with me). Thanks and good luck
Yes. Every time you apply for credit and no account is opened, your FICO score drops. You only need one credit report from a mortgage broker or bank loan officer and with that report, you'll know your scores.
To shop rates and programs, you don't need to let other mortgage lenders pull an additional report. They should be able to say to you, "Provided your FICO score is ... and your income is... then we can qualify you for .... various programs.
Please feel free to call me if you would like assistance.
All the best,
REALTOR, Property Manager
Your Real Estate resource For Life
Cell/Text: (267) 254-7994
One company that I suggest you try is Trident mortgage company and their number is 215-627-6005.
Once that is out of the way you will know what you qualify for and what you feel comfortable spending(should not be the same)give me a call if I can be of any further help
NO. In fact this ex EXACTLY what you should do. Work with someone local - who you can actually meet in person, not 1-800 or .com lenders. This sets your budget - so you look at the right houses, not those that may be less or more than you can afford. When you find the right one, it lets you POUNCE - which with a spring market approaching, you need to do when you see a neat clean ready to go well priced home.
Recommendations availalbe if you like. Glad to help you find your home - if you like. I'm good, others are too.
Best of luck,
Long & Foster Real Estate
What I usually recommend when my buyers are shopping for a mortgage is to get their credit score from the first one they meet with and use that score with the others for an apple to apple comparison. It shouldn't hurt your score, though, if you do it within a week or 2 of each other, but my suggestion will remove that possibility since the others won't be pulling your credit on each quote.