- Joined
- Dec 5, 2007
- Messages
- 2,880
Then in case one says no, you can still purchase the property by working with the other bank. Is it a common practice in real estate investments? what if both banks say yes, is it legal/ethical to say no to one of the them once the application process has started with both? The reason I`m asking is if you only contact one bank and they say no to the mortgage application you may not have enough time to get an approval from another bank and thereforee may lose an amazing property/deal(?) Your thoughts on the topic would be appreciated.. THANKS