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credit unions are best
or a local bank
get a letter for a low amount, if agents know you have 400k available ,they want you to pay 400k
Comments 1 - 1 of 4 Next » Last » Search these comments
We are considering going to look at some houses and making lowball offers. For this purpose, we need to obtain pre-approval for a mortgage loan. I know we can go to bankrate.com and get quotes for various loan amounts/options. But how do we actually get pre-approvals? Do we need pre-approval from more than one lender because some lenders may not offer all loan types? For example, we got a pre-approval from one lender but they only do 5/1ARMs. Our own CU is charging a hefty application/credit check fee just for the pre-approval so we would rather look elsewhere. Any suggestions/recommendations?
#housing