If you have a preapproval for a mtg and have a contract for the sale of a house, can you still shop loan officers if you dont like their fees?
2007-10-09 11:03:15 · 2 answers · asked by myownsecretarydotcom 3 in Business & Finance ➔ Personal Finance
In Texas you can. A preapproval does not mean you've signed a contract with a specific mortgage lender.
All a preapproval for is to convince home sellers that we were 'capable' of buying their home and to reduce the risk if they accepted a contract from us that we could get financed.
Good Luck!!
2007-10-09 11:37:35 · answer #1 · answered by sfuller94 3 · 1⤊ 0⤋
You can still shop around. Any fees you paid to get pre-approved are probably non-refundable. Until you sign the promissory note and the mortgage, you are not committed to accepting the loan.
2007-10-09 11:41:55 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋