topic Re: Pre-qualified should I? in Mortgage Loans

Pre-qualified should I?

Anonymous — Tue, 05 Sep 2017 17:09:14 GMT

Hi, I talked to the mortgage officer today. She was so sweet. She suggested I let her pull my credit so we can do a workout plan inorder to make sure I get qualified when I apply in Feb/March 2018..is this a good idea? I know it will ding my credit. I'm certainly going to get financed with her as she works with multiple lenders .

Thanks for the advice!

Re: Pre-qualified should I?

Anonymous — Tue, 05 Sep 2017 17:18:48 GMT

Better to pull your own scores here since your so far away from actually applying.

Re: Pre-qualified should I?

Anonymous — Tue, 05 Sep 2017 17:45:52 GMT

@Anonymous wrote:
Better to pull your own scores here since your so far away from actually applying.

@I agree with @Anonymous.. Pull your own scores as it does not have impact than her pulling it. You need every point you can get for a mortgage.

Re: Pre-qualified should I?

NC_Mtg_Loaner — Wed, 06 Sep 2017 22:11:42 GMT

I say to put trust and faith in your loan officer and allow them to review your credit profile now.

In the event there is a blemish or another issue not reporting accurately, properly or at it's best, you now have PLENTY of time to make any changes (whether it's your own behaviour or a sneaky past creditor) to the data being reported to the bureaus on your behalf in order to enhance your score down the road.

The impact from a 'hard inquiry' now is nothing to the possible benefit from a seasoned and trusted professional review of your credit profile.

Re: Pre-qualified should I?

Anonymous — Wed, 06 Sep 2017 22:16:37 GMT

You should let the loan officer do this, even if you pull on your own, there are other things they need to look at to better guide you and prepare you. Just make sure it is a lender whom you trust or others have done deals with and have good reviews.