My brother told me to apply for more than one mortgage pre-approvals to compare rates and benefits, but I asked another broker (my brother is also a broker) and he told me that I should only apply for one pre-approval. He said some banks will try to sue the potential home buyers if they got the pre-approval but didn't actually lend money from them at the end. Is that true? It sounds a little bit absurd to me since it's just a pre-approval, and it's not a finalized deal.
Read more: Apply for multiple mortgage pre-approvals?
