Will my loan go through?

I got approve for a mortgage loan, but with conditions. I didnt like they way things was going because they our rate was this and later we found out our rate is higher all the way at the end of the process. I decided I should shop around for a better rate, but later I changed my mind. I felt like I couldnt go through the same process all over due the fact my closing date is near. I feel that my score went down maybe two points from a 680 to 678 I not sure. My broker before was telling me if I go let anyone check my credit I will not be qualified for the loan if score goes down pass 680. I felt like he was putting in a tight position. I really never got a chance to shop around because he pulled my credit alot, because was he shopping around to different bank is that fair. Now I want to do some shopping on my own and my score goes down, and I might not qualified for the loan.

Will my loan go through?loan rates

Your score will not change much due to shopping around. It sounds like your broker is trying to use scare tactics to keep you from shopping around. At 680 and 678 there are numerous programs for which you can qualify. Check with local lenders to see the best rate that you can get. What is the rate that the broker is quoting you and on what terms?

Will my loan go through? loan

Rates change, the market is upside down. That%26#039;s true about others pulling credit, it will drag down your score. Just calm down, your loan will go through. Next thing you know you will be closed!|||Hi Karen,

That is one of the problems of using a broker. Pulling your credit multiple times wasn%26#039;t needed, although the lenders will pull credit again right before it funds (the loan).

You never stated your rate or conditions. Remember, patience during a refi or new mortgage is mandatory, it is a tenious process.

I can help you and give you some advice. Send me an email and I will help bump up your scores and you should shop around.

The broker is trying to close you fast so you don%26#039;t. Drop me a line and we can talk about your options.