Go ahead and start multiple applications, and see what kind of service you'll get when 5 lenders realize that 4 of them will go through all the work but won't get the loan. What you'll get is all 5 of them dumping your app to the bottom of the stack.FYI: All lenders WILL know what's going on because each one will ask what all the credit inquires are for. It's called an LOE (letter of explanation).To Whom It May Concern:I've been asked to address the numerous credit inquiries on my credit profile. All credit inquiries were for the purpose of selecting this loan provider and only this loan provider. I inquired about but have applied for no new credit other than this application within the past six months.[signed under penalty of perjury]
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra