What is the correct way of disclosure methods, if a mortgage broker pulls my credit card. I must sign?

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Do I need a character or is my word good enough authoriazation? Do they have to send me a copy of credit report if I am not eligible for a loan

3 Comments
  1. Reply
    Chris R
    May 1, 2011 at 4:33 am

    Not always do you have to sign. If you don’t qualify though they will send you a letter as to why.

    If I can suggest Eloan though. We just bought a home and they financed. It was absolutely SIMPLE.

  2. Reply
    OC1999
    May 1, 2011 at 4:42 am

    Generally for their protection they will require you to sign an authorization to pull your credit. However, if you do it over the internet or phone they can still get your authorization even though you did not actually “sign” anything.

    If you do not qualify, they are not required to send you a copy of your credit report. However, they must send you a letter in 10 days that states the reasons they declined you. You can then send a copy of that letter to the credit reporting agency listed on the letter to get a free copy of your report.

  3. Reply
    Tomk
    May 1, 2011 at 5:12 am

    If a mortgage company asks you to sign an authorization and you refuse, then you will most likely not get the loan because they’ll feel you have something to hide.

    They certainly aren’t going to grant you a loan without checking your credit history. Why would you NOT want to sign?

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