Monday, September 22, 2014

Do all mortgage companies go by the same guidelines?

I was pre-approved by a mortgage company and was told later that I would need a cosigner to continue the process.

So I looked elsewhere and was pre-approved today by a different lender. I was told there would be no chance of needing a cosigner and I would be approved for the loan I need.

Is it possible for one lender to approve me without needing a cosigner and another would require one to be approved?

Read more: Do all mortgage companies go by the same guidelines?