In many states, it is required to have a pre-qual to present with an offer. So, Seller's won't even look at your offer unless it is accompanied by either a POF or a pre-qual from the bank/lender.
Additionally, inquiries that are done for the same purpose within a short period of time are not supposed to count against you. The credit burueaus usually count this as 1 "hit". So, as long as it is all within a short period of time, you should be okay.
Alternatively, you can pull your own tri-merge credit report and FICO score, and present to the different lenders for their evaluation. They will obviously have to pull you r credit eventually, but if you are just shopping the loan, your pulled credit should suffice for them to quote you a rate and terms.
When it comes to commercial RE, I would analyze the deal and make sure it makes sense before moving forward to presenting it to the lender.
@Mark Richardson Residential - pre approval first, Commercial - I’d bring the deal first
Starting out you need pre approval first. Find a good mortgage broker for your team.
Thanks for the feedback! Appreciate the quick responses.
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