Remember, shopping for the best home loan rate will NOT hurt your credit rating if done within a single 14-day period, so you should apply to as many lenders as reasonably possible to find the best rate and the lowest fees. Don't hesitate to apply to online lenders and to local banks and mortgage companies as well. More quotes and more information means more power for you in finding the best rate and fees.
Apply with e-Trade Mortgage through this link and with your permission they can share your preapproval good news with me as your agent.
Here's what the credit bureaus themselves say about rate shopping:
"Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you’re only looking for one loan. To compensate for this, the score counts multiple auto or mortgage inquiries in any 14-day period as just one inquiry. In addition, the score ignores all mortgage and auto inquiries made in the 30 days prior to scoring. So if you find a loan within 30 days, the inquiries won't affect your score while you're rate shopping."
This is not an offer to extend credit or a guarantee that credit will be extended.
