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From: Delia L
Hi Ashley,
James is right! Not only that, pre-approval shows on your CRA report. It doesn't look too good if you go to several lenders and each lodge a CRA check and in no time you look like someone trying to get money everywhere. Lenders don't like it, do they, Rolf?
On the other hand, if you are really keen on the units, you could use it to your advantage. Say get a pre-approval to the amount that you want to pay for the unit, not the amount the agent want and use it to bargain the price. Again, don't go thru the agent's bank, use your own. That still show up on your CRA report though.
Delia
Delia
Hi Ashley,
James is right! Not only that, pre-approval shows on your CRA report. It doesn't look too good if you go to several lenders and each lodge a CRA check and in no time you look like someone trying to get money everywhere. Lenders don't like it, do they, Rolf?
On the other hand, if you are really keen on the units, you could use it to your advantage. Say get a pre-approval to the amount that you want to pay for the unit, not the amount the agent want and use it to bargain the price. Again, don't go thru the agent's bank, use your own. That still show up on your CRA report though.
Delia
Delia
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