How best to research terms without taking a hit until you say go

[MeCasa]

I'm going to apply for a loan online but I want to be able to research terms before I say go. Is there a way to be smart?

[FlaDude]

I used the prequal tool at CK and other sites. They check a bunch of lenders with just a soft pull and show rates and terms. I got three loans that way and never had any issue getting the loan for the terms promised.

[MeCasa]

What is CK?

Thanks

Mike

[House1204]

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@MeCasa wrote:

What is CK?

Thanks

Mike

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Credit Karma

[MeCasa]

I'm new to all this, how do I use CK?

[MeCasa]

 

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[MeCasa]

My apologies, I don't even know how to use this site. Do I just hit 'take offer' or the link that says 'See details , rates, and terms'

[House1204]

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@MeCasa wrote:

My apologies, I don't even know how to use this site. Do I just hit 'take offer' or the link that says 'See details , rates, and terms'

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If you hit the take offer button it will take you to SoFi so that you can continue the application.

[MeCasa]

Thank you for your help, will that count as a hard pull if I hit that link. And is there a place in the future where I can negotiate the terms and amount? Perhaps they will say no to $80 and a possibility they will say yes to $50. Will I eventually have this conversation with Sofi? I hate to aim to high and just get turned down, that is never good in my experience and some places lock your account (cannot apply for a loan for 30 days)

[MeCasa]

Ive been trying to ask questions so that I understand. I'm going to apply for a loan with sofi. I'd like to ask for unsecured $50,000. But when I try and learn the proper way to go aboutthis I mget a contradiction in answers. Some say apply for the $50k and you can negotiate down to 30K and they will not do a hard pull, others (a lot) say that if you get declined at 50K you should not ask for a lower amount and not ask at all for minimum 30 days and many say 4-6 months (assinine in my humble opinion)

So what to do?