First-time homebuyer here
I'm about to tackle one of the hardest decisions of my life, so before i go shopping for the best rate, i have a few questions to ask you guys...
Do you go to a mortgage broker for pre-qualification to get a quote first then move on to the second broker and so on, or do you have to get pre-qualified & pre-approved at the same time in order to get a quote?
I'm asking this question because i'm not sure if I can still shop for other rates once I get the pre-approval from a certain lender(through broker). And do you get charged $$$ if you dump the lender who pre-approved you with the higher rates?
Thanks :beer:
I'm about to tackle one of the hardest decisions of my life, so before i go shopping for the best rate, i have a few questions to ask you guys...
Do you go to a mortgage broker for pre-qualification to get a quote first then move on to the second broker and so on, or do you have to get pre-qualified & pre-approved at the same time in order to get a quote?
I'm asking this question because i'm not sure if I can still shop for other rates once I get the pre-approval from a certain lender(through broker). And do you get charged $$$ if you dump the lender who pre-approved you with the higher rates?
Thanks :beer: