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do lenders ever issue pre-qualifications without an official credit check?

is that just for pre-approval
By lorraine.r.flanders26753378 from WI Feb 7th 2014
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Only really really dumb ones...www.WI-MortgageBroker.com

Feb 7th 2014

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Yes, but it's not worth your time or energy. You need something more solid than that and your seller's agent will likely never let their seller accept an offer with a weak letter like that. Check out my blog about this topic http://www.closewithmichael.com/2012/08/pre-approved-versus-pre-qualified/

Feb 7th 2014

No not normally, are you hestitant about having the inquiry?Aiman AbozeidInlanta Mortgage608 662 0860 NMLS#237450

Feb 7th 2014

It wouldn't be worth anything if credit isn't going to work.

Feb 7th 2014

Unfortuneately a pre-qualification or pre-approval is only as good as the loan officer you are working with. Typically a pre-qualification is just a starting point. Basically you tell the lender this is your income, assets, and credit score and the lender can give you an idea if you would qualify for a loan ASSUMING the information that you provided them was accurate and allowable under current loan program guidelines. For a pre-approval to be worth anything loan documents should be collected and credit pulled to verify the accuracy and allowability of income, assets, and credit.

Feb 7th 2014

lol. Joe's answer is the most accurate. It's a waste of their time, your time, a realtor's time, and anyone else that might get involved. Any lender not reviewing your credit, income documents, asset documents AND asking pointed questions and possibly getting other documents from you prior to issuing a pre-approval is doing you a disservice and you shouldn't want them to do it, even if one would. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Feb 7th 2014

yes they do! Not a good idea, usually the same one quoting the 2.75% 30 year fixed right now as well.

Feb 7th 2014


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