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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Is it customary/ok/normal OR weird/WRONG/bizarre
to get a preapproval from more than one bank?
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Posted 7/16/08 10:36 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
We did. Get the best rate.
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| Posted 7/16/08 10:38 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
help me out here..
my RE agent had a rep from a bank call us to get the process moving.
but I just feel like I could do it NOW, online, rather than wait to talk to her.
I don't think I should feel obligated, but I do, b/c deep down I am a nice girl. 
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| Posted 7/16/08 10:41 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
shop for your own rates
first go to your bank
I wouldn't do it online- I would want to speak to people in person
example- lending tree- just takes you info and sells it to mortgage brokers as leads
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| Posted 7/16/08 10:43 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
definitely get a few on your own!!
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| Posted 7/16/08 10:45 AM |
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JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
Posted by Ophelia
help me out here..
my RE agent had a rep from a bank call us to get the process moving.
but I just feel like I could do it NOW, online, rather than wait to talk to her.
I don't think I should feel obligated, but I do, b/c deep down I am a nice girl.
I would NOT do it online. We got some numbers from our realtor and took it from there. DH also tried a non-connected person just for kicks. I PERSONALLY dont trust it online. GL.
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| Posted 7/16/08 10:46 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
Posted by Beth1210
shop for your own rates
first go to your bank
I wouldn't do it online- I would want to speak to people in person
example- lending tree- just takes you info and sells it to mortgage brokers as leads
what is the benefit of doing it in person?
do I get a better rate b/c I am pretty? 
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| Posted 7/16/08 10:47 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
what is the benefit of doing it in person?
do I get a better rate b/c I am pretty?
maybe
I would make phone calls to different people- not just blindly send my info over the web-
the example I gave about lending tree is the main reason- you have no idea where you info is going to end up
I would rather speak to a person to make sure they aren't a 21 year old kid cold calling me
Jake called Bank of America to ask them about the "no fee" loan yesterday and the kid couldn't sell a live lead- or answer more then 2 questions about the loan products they have
with a house being the biggest purchase you are ever going to make- you should feel confident you are deaing with a true professional
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| Posted 7/16/08 10:52 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
Posted by Beth1210
what is the benefit of doing it in person?
do I get a better rate b/c I am pretty?
maybe
I would make phone calls to different people- not just blindly send my info over the web-
the example I gave about lending tree is the main reason- you have no idea where you info is going to end up
I would rather speak to a person to make sure they aren't a 21 year old kid cold calling me
Jake called Bank of America to ask them about the "no fee" loan yesterday and the kid couldn't sell a live lead- or answer more then 2 questions about the loan products they have
with a house being the biggest purchase you are ever going to make- you should feel confident you are deaing with a true professional
hmm, ok. I see your point there.
now, we are basing this mortgage solely on my dh's income and credit. it will be only in his name.
can I call around to the banks or does he have to?
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| Posted 7/16/08 10:59 AM |
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brandy11
LIF Infant
Member since 5/07 164 total posts
Name:
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
Posted by Beth1210
shop for your own rates
first go to your bank
I wouldn't do it online- I would want to speak to people in person
example- lending tree- just takes you info and sells it to mortgage brokers as leads
ITA
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| Posted 7/16/08 10:59 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
hmm, ok. I see your point there.
now, we are basing this mortgage solely on my dh's income and credit. it will be only in his name.
can I call around to the banks or does he have to?
if you have his info you can try to call
(SS #)
otherwise he might have too
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| Posted 7/16/08 11:05 AM |
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JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
Posted by Ophelia
Posted by Beth1210
what is the benefit of doing it in person?
do I get a better rate b/c I am pretty?
maybe
I would make phone calls to different people- not just blindly send my info over the web-
the example I gave about lending tree is the main reason- you have no idea where you info is going to end up
I would rather speak to a person to make sure they aren't a 21 year old kid cold calling me
Jake called Bank of America to ask them about the "no fee" loan yesterday and the kid couldn't sell a live lead- or answer more then 2 questions about the loan products they have
with a house being the biggest purchase you are ever going to make- you should feel confident you are deaing with a true professional
hmm, ok. I see your point there.
now, we are basing this mortgage solely on my dh's income and credit. it will be only in his name.
can I call around to the banks or does he have to?
We did this and they wanted no part of me. HE had to call.
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| Posted 7/16/08 11:10 AM |
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Katie111806
Team Pink!
Member since 12/06 5349 total posts
Name:
Katie
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
I wouldn't do it online either. There is so much potential for hidden fees, confusing language,etc with these loans that I wanted to hear it from the horse's mouth. Even with answering all of our questions my head was still spinning.
Our house will also only be in dh's name and they wanted to speak only to him. However when it came to the actual application process they did want to see my bank account info etc
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| Posted 7/16/08 12:23 PM |
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tourist
Member since 5/05 10425 total posts
Name:
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Re: Is it customary/ok/normal OR weird/WRONG/bizarre
I did it online, a human called to follow up anyway. I went to a bank reccomended by a friend & a bank I had other accounts with, I didn't go putting my info in all over the place.
And yes, It is normal to try a few different plac es. You are not obligated to go with whomever the realtor suggests.
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| Posted 7/16/08 2:06 PM |
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