| Name:
Joe HT
Title of Question:
Can I apply to a Mortgage more than once? |
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Question: I'm buying a new home and I got a Loan already approved with an institution. Unfortunately, the rate was locked early and is higher than today's market. My question is: can I apply for a new loan with another institution to get the current rates? Or is this lock accross all finance institutions? |
Post Your Answer To The Question Above:
Name:
Joe
| Date: April 19, 2007, 5:46 pm
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| Answer:
You are not obligatted to the lender until you sign documents. |
| Name:
Justin
| Date: June 26, 2007, 11:01 pm
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| Answer:
Your loan officer should never lock a rate till several day before the actual scheduled closing. If time is not a factor with you than yes you may resubmit you loan to any other bank of your choosing, or your loan officer sees fit. If you have any questions feel free to call Justin at 516-241-9513, I am licensed in all 50 states. |
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