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Lender shpping

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Anonymous
Not applicable

Lender shpping

Quick question. Say if your aproved for a certain amount. Is it possible, that another lender may aprove for a bit more? We were aproved for 250k but were hopping for a bit more.. Once your credit has been pulled you have 15 days to get it pulled again before it cunts as 2 right?

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StartingOver10
Moderator Emerita

Re: Lender shpping


@Anonymous wrote:

Quick question. Say if your aproved for a certain amount. Is it possible, that another lender may aprove for a bit more? We were aproved for 250k but were hopping for a bit more.. Once your credit has been pulled you have 15 days to get it pulled again before it cunts as 2 right?


It's possible another lender could approve you for more. It depends upon what overlay's your lender is using for ratio's. What are the max ratio's your current lender is using?

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