best technique to shop for mortgages - without jepordizing your credit
we're shopping around for mortgages right now, about to write up applications til we were told NOT to because each time your credit is checked, your beacon ratio goes down. i read up on the threads on credits and sure, that makes sense.
so how does one shop for mortgages then? right now i have 2 options
1. mortgage through my home bank that knows me well
2. a couple mortgage brokers that were recommended
i don't think either would give me solid rates until i make formal application (who wants to work for nothin, right?)
i read in the threads that if you apply all in the same day, your credit scores will not be effected that day of, because the bank/s will not know you are applying elsewhere. true?
(FYI - we will be getting variable open/closed based on projections that rates are going down.)
so how does one shop for mortgages then? right now i have 2 options
1. mortgage through my home bank that knows me well
2. a couple mortgage brokers that were recommended
i don't think either would give me solid rates until i make formal application (who wants to work for nothin, right?)
i read in the threads that if you apply all in the same day, your credit scores will not be effected that day of, because the bank/s will not know you are applying elsewhere. true?
(FYI - we will be getting variable open/closed based on projections that rates are going down.)