[kkazb]

mortgage? Hi, I have signed up for a new construction. Closing is 3 months away. I have loan approval from 2 lenders. Should I check couple of more lenders? Or would the credit check by them degrade my credit score? I need to finalize the lender 70 days before closing. How should I choose among the lenders?

[sophieb]

not sure what you mean "choose among the lenders" all you need is one...and the one giving the lowest interest would by my choice. All lenders are supposed to have done their own personal appraisal so they would lend to you according to that. Yes, the more you check with the worse your credit report looks. The other thing you would want to do is to read the fine print of the contracts of the two lenders you have already. Any one that wants a balloon payment from you, well toss that contract. If there is one (of the two) that says if you're in trouble repaying the loan that you could add a payment or two to the end of the mortgage payments then you might want to use that company.

[James]

You can contact loanagent21@gmail.com if you need any help concerning financial matters