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Subject:
Can I apply with two different Mortgage lenders simultaneously?
Category: Business and Money > Finance Asked by: davismichael-ga List Price: $10.00 |
Posted:
27 May 2005 07:03 PDT
Expires: 28 May 2005 08:18 PDT Question ID: 526262 |
Can I apply with two different Mortgage lenders simultaneously? MY SITUATION: My credit union denied my home loan 6 business days before we are due to close. Several other lenders say they can help me, but I'm afraid to put my faith in just one. Is it ethical, legal or just crazy to apply with more than one. I must make this loan happen and need your advice. |
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There is no answer at this time. |
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Subject:
Re: Can I apply with two different Mortgage lenders simultaneously?
From: elwtee-ga on 27 May 2005 08:56 PDT |
apply to as many as you want. they are competing for your business. places like lending tree base their business on having a network of lenders to show your application to and getting you more than one offer. places like ameriquest, a massive sub-prime private lender, will give you a thumbs up or down in minutes of the time you supply some basic information. just understand who you are talking to and what costs are associated with the applications and loans. |
Subject:
Re: Can I apply with two different Mortgage lenders simultaneously?
From: myoarin-ga on 27 May 2005 09:35 PDT |
Right! Of course you may. If you are in a larger city, you might stick to local lenders, simply for the mechanics of getting signatures on docs. Maybe a real estate guru could suggest how you could discuss getting an extension of the closing date, the agent on the sale if no one pops up here before the weekend. The seller and the agent don't really want to start all over again, so an extension should be a possibility. As you can read below, this is no professional or legal advice. Good luck! |
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