Teammates in the Cousins Brothers office discussing educational approach to home loans and pre approvals.

Frequently Asked Questions

No question's a bad question! Here are a few of the things we're asked the most.

How long is my preapproval good for?

While some of the documents used to pre-approve will expire, your preapproval doesn’t have an expiration date. It’s good to go as long as your situation stays the same. So assuming you don’t lose your job, take on a bunch of student debt, or finance 3 new Teslas, no need to worry. If you do finance 3 new Teslas, let’s talk about reworking some numbers… and getting a ride-along.

Do you need to pull my credit and how will that affect my score?

There is a lot of misinformation out there regarding credit scores and credit pulls. We will do a ‘hard pull’ which could ding your score by 5-10 points. However, this should jump right back up to where it was in a few weeks, so absolutely no long-term detrimental effects… just a small temporary dip. If credit is pulled by different kinds of creditors (revolving, installment, mortgage) over a short period of time, the impact to your score could be greater.

Do you have access to multiple different loan options, or do I need to shop different options with different lenders?

We will be considering a whole bevy of loan products and options for you when building your file, that are customized to your specific situation. Whether you’re interested in down payment assistance, VA, Construction, or first-time homebuyer programs, etc. consider us your one stop shop.

Do I have to sell my home before I purchase a new one?

Not necessarily! It’s always nice to have the option to put an offer in on a new home “non-contingent” on the sale of your current home, especially when navigating a competitive market. We can utilize tools such as bridge loans and loan recasting to make sure your strategy is dialed in.

What are my options for purchasing a 2-4 unit property?

This is one of our specialties! Whether you’re a first-time homebuyer interested in a duplex with renters to help pay your mortgage or a real estate investor looking for a rental property to build your portfolio, we’ve worked with all these situations and everything in between and can fit you with the bespoke products and a custom approach to help you achieve your goals. You want units? We’ve got options!

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