Why should I (or should I not) get pre-approved from multiple lenders?

We just got pre-approved from a lender and some people are recommending that we "shop around" for multiple lenders for pre-approval. I thought that we could get pre-approved from one lender now, then, when we're under contract, shop around for multiple lenders for the best rate. Is either of these strategies better than the other?

Posted Dec 13, 2021, 4:40 AM UTC

37
Loading comments…