Yesterday one of our inside Loan Originators received a call for a Borrower he had given a pre-approval letter to back in March of this year. The Borrower called him yesterday and asked if he could use the same pre-approval letter for another Lender he wants to do the mortgage with.
Just when you think you have gotten all the weird questions out there another one comes along. It Is Amazing The Questions We Are Asked in this business.
I believe the term for this Borrower is that he has "Big Ones" for asking a question like this.
- What would make him think a pre-approval letter would still be good 6 months later?
- Who knows what his credit is like 5 right now?
- Why would he not go to the Lender he plans on using?
I could not imagine calling a competitor, and asking them anything similar to this question. This guy not only asked the question, he did not see anything wrong asking it. It Is Amazing The Questions We Are Asked. You have to love this business!
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Info about the author:
George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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