Consumption and Real Estate
With excellent credit and money for a down payment, what is the best way to get a low rate home purchase loan?
Question : With excellent credit and money for a down payment, what is the best way to get a low rate home purchase loan?
If I get pre approved for a loan, then I change my mind and go for a lower rate, would checking my credit for the pre aproved loan lower my credit store?
home purchase loan
Best answer:
Answer by its_me_anji
Not if it’s fairly close together. It’s all considered one application for the scoring.
The best way to get a low rate is to work with a ethical loan agent. Don’t let more than two people run your credit. From personal experience if a client knows their score and does not want to run their credit I can quote rates off of what they tell me. Only after we agree to a rate will I get the app in and run the credit to verify. Loan agents can quote off of what you tell them so keep that in mind. Once you pick a lender it will have to be run again for the actual loan process.