Consumption and Real Estate
Can you use another mortgage broker if one already gave you a quote?
Question : Can you use another mortgage broker if one already gave you a quote?
Can you use another mortgage broker if one already gave you a quote? One mortgage broker said something completely different than the other and I don’t trust this one. can I do that? Will it mess up my credit?
mortgage quote
Best answer:
Answer by Mummy T
please note that if the credit is check within the same period it does not affect it too much, but you can consult another broker if you don’t trust the one your using.
It’s a good idea to receive multiple quotes. When a broker gives you a good faith estimate, you really need to be aware that often times they will under-estimate closing costs to make it more appealing. You have the option to cease working with a broker up until the deal funds.
If you are concerned with credit inquiries, don’t give a broker your SS number until you are ready to move forward and lock in the rate. While your credit score does directly effect the interest rate that you can qualify for, you can provide any new broker with an accurate score, based on the last credit pull. As for credit score ramifications, so long as you don’t have several pulls for an extended period of time, there shouldn’t be any lasting affects.