Hi, are there any penalties if i had a loan preapproval with the bank then choose to go with a broker instead? Thanks
Nope - generally not. Broker will just need to explain the hit to your credit file for the preapproval. Cheers Jamie
No cost to you, other than one credit enquiry on your application. If you haven't had many in the last 6 months and are seeking one loan (not multiple loans) over the next 6 month window, this cost is relatively negligible. Cheers, Redom
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