SHould I trust the bank my Realtor is advising I go to to get qualified for a home or am I better off going through my own bank? I need advice FAST! I don't want to try both because I want to avoid damaging my credit by having my credit run more than once.
The problem is that you won't know until you shop around for rates and closing costs, and that will entail having your credit report pulled multiple times. Ask your realtor if she is getting any kind of rebate or other consideration from the bank or mortgage broker that she is recommending to you.
SHould I trust the bank my Realtor is advising I go to to get qualified for a home or am I better off going through my own bank? I need advice FAST! I don't want to try both because I want to avoid damaging my credit by having my credit run more than once.
Hi there, I know this is a little late but I think it's important that people know this. It is your RIGHT to shop around for rates whether it be a home loan or a car loan and the credit bureaus understand that the only way to do that is to have your credit pulled by more than one lender. In other words, if you visit multiple lenders within a 1-2 week period and they all pull your credit, the credit bueaus lump those together and your credit score only gets dinged once. This a little know but entirely true fact. Good luck with your upcoming purchase!
This is the case which many client's are facing.There is no need to worry.Just weigh both the opportunities you have on hand and it will better if you can decide after meeting your Realtor.
My experience has shown that first time home buyers take between 9-12 months to go through with their first purchase, sometimes even longer. You need a Realtor who will be patient with you. Buying a home is one of the scariest and biggest financial decisions people ever make.
When it comes to selling mortgages, you already know that those inbound mortgage calls are way better than the outbound ones, right? You also know that it is hard to get your business to a place where those inbound calls are outnumbering your outbound calls. The key is to find a way to make that happen so that you are handling calls instead of making them.
Hi,
The Realtor can help by suggesting specific lenders or mortgage brokers. Typically, they’re ones who are professional and can get the deals through. However, the Realtor really can’t "help [you] to get approved." So go with bank.