What information should you share when you're looking to buy a home?

Video Credit: KGUN, Tucson, AZ
Published on January 13, 2020 - Duration: 01:22s

What information should you share when you're looking to buy a home?

Could asking questions impact your credit?

What information should you share when shopping home loans?


What information should you share when you're looking to buy a home?

QUESTIONS I HAD" THAT'S WHATKARLA THOUGHT WHEN SHE REACHEDOUT TOTHE MORGATGE COMPANY HANDLINGHER CURRENT LOAN..

SHE WANTEDTO EXPLORE OPTIONS FORREFINANCING..

SHE DIDN'T WANT TOSTART A LOAN APPLICATION.

BUTTHAT'S JUST WHAT THE COMPANYDID.SO WHAT CAN YOU DO IF IT HAPPENSTO YOU?

NERDWALLET SOUND---8:15"UNFORTUNATELY THERE REALLY IS NORECOURSE BUTTED TO YOU MIGHT ASWELL JUST APPLY AT SOME OTHERPLACES TOO, BECAUSE IF YOUMAKE A BUNCH OF LOANAPPLICATIONS IN A PERIOD OF JUSTA FEW WEEKS, ITCOUNTS JUST AS ONE CREDITINQUIRY.8:40 HOLDEN LEWIS..

AMORTGAGE EXPERT WITH NERDWALLET..

IF YOU'RE NOT APPLYINGFOR ALOAN, DON'T GIVE THEM YOURSOCIAL SECURITY NUMBER OR THEHOMESADDRESS.

2:29 YOU CAN GIVE A LOTOF INFORMATION SUCH AS YOURINCOME AND THE ZIP CODE THATYOU'RE LOOKING AT, AND YOURCREDIT SCORERANGE.2:37 AND IF ALL YOU WANTTO DO IS GET PRE APPROVAL, NOTAPPLY FOR A LOAN, YOU'LL PROVIDEPERSONAL INFORMATION LIKE YOURSOCIAL SECURITY NUMBER..

BUT NOTTHE ADDRESS OF A HOMEYOU WANT TO BUY.

5:40 THE ONETHING ABOUT PRE APPROVAL LACKSIS AN ADDRESS AND WITHOUT ASPECIFIC ADDRESS, THEY CANNOTPROCESS A LOAN APPLICATION.5:50STD/UP: EITHER WAY..

BOTH LOANAPPLICATIONS AND PRE APPROVALSSTILL HIT YOUR CREDIT.

IF YOURENOT READY TO APPROACH A LENDER..THERE ARE ONLINE TOOLS TO HELPYOU FIGURE OUT A HOMEBUYINGBUDGET..

WE HAVE LINKS TO THOSEAT ABC 15 DOT COM SLASH LET JOEKNOW..

IM INVESTIGATOR JOEDUCEY..

IF YOUVE GOT A PROBLEM..LET ME KNOWA STAR WARS ICON IS GIVING ASHOTOUT TO A BOOKMAN'S IN

You are here

You might like