Updated almost 3 years ago on . Most recent reply
Is it bad practice to apply to 2 different lenders?
I maybe going into contract soon on a duplex. The lender I was planning on using now is requiring 35% down payment since I am Canadian investing in USA. I have another lender who can do 20% but I need to personally qualify (which I dont think will be an issue). I dont want the future deal to fall thru because of financing.
Is it possible to start an application with both once under contract incase 1 backs out?
Is this frowned upon?
Most Popular Reply
Canadian Revenue tax returns are not that similar to US, you need someone who has closed hundreds of Canadians.
They will know. It's like dating two girls at the same time. It is your responsibility to keep spread sheets and lists of what they asked for and what you sent as the products will differ and sending too much or not the right documentation is vital. Nothing stops you from doing this.