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Updated almost 4 years ago on . Most recent reply

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318
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156
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Isiah Ferguson
  • Investor
  • Charlotte, NC
156
Votes |
318
Posts

help, is this legal to do?

Isiah Ferguson
  • Investor
  • Charlotte, NC
Posted

Hello, I currently have 2 separated Pre-approval letters from 2 different lenders. 1 from a mortgage broker and another from a credit union. My question is can I use both separated approval letter to get 2 different properties under-contract to purchase ? 

Most Popular Reply

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173
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82
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Alan Lacey
  • Lender
  • Grand Rapids, MI
82
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173
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Alan Lacey
  • Lender
  • Grand Rapids, MI
Replied

If the preapprovals reflect the cost of the other property tha. It shouldn’t be a issue, but would seem like better to do both with the same lender if that as the case. If nothing else just to make process easier.

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