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Updated over 5 years ago on .

User Stats

27
Posts
6
Votes
Chinyere Okoli
6
Votes |
27
Posts

Pre-underwriting in a Hot Market

Chinyere Okoli
Posted

Hi BP! So I have been advised to get a Pre-approval with a lender from my agent and it seems like she means completing the pre-underwriting process as well.  My questions are is this necessary? and if they do the underwriting now, then I get my offer accepted, am I locked in with this one particular lender or can I still shop around?