Quote:
Originally Posted by Euro7r
I'm planning to look for a place this year and I visited my home bank that I bank the most with to get a preapproval done, signed preapproval @ whatever interest rate for $ X amount.
I decided to go to my second bank to see what rate they could offer me, surprisingly much lower interest rate than my home bank, but I didn't do an official preapproval where I sign the document.
My question is, am I able to sign two preapprovals? This is assuming my home bank does not match the offer of my second bank.
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Unless it's on paper, your mortgage person at the bank does not guarantee that you get the loan for sure, as it's approved by another department at head office