Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

2 Banks at once

Name: 2 Banks at once
Uploaded: 2019-07-11T03:28:20Z
Channel: Aaron Whybrow
Description: Short YouTube video by Aaron Whybrow (Diagnostics and Finance) giving a concise personal-finance tip: while it is possible to apply to more than one bank…

11 Jul 2019

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Short YouTube video by Aaron Whybrow (Diagnostics and Finance) giving a concise personal-finance tip: while it is possible to apply to more than one bank at the same time, Aaron advises against doing so. He recommends focusing on one bank first, exhausting that option (securing approval or downgrading), and only then pursuing another bank if necessary.

Can you apply at two banks at once? Hey, it's Aaron from Diagnostics and Finance. Just wanted to go through and unpack this a little bit. It is possible to apply for more than one bank, but should you? That is the question. I don't think you should. I think we should exhaust the possibility with a bank first and then if we need to bring another bank in, then we can go after that from there. We shouldn't go after two banks at once. Let's go after one, see how we go it approved. And if we need to downgrade a bank or move on to another bank, we can do that at the same time. So just a quick tip for today. Hey, it's Aaron from Diagnostics and Finance and we'll talk soon.