Frequently asked questions
Does it cost anything?
No. Comparing options through MyLenderList is free. You only pay costs to the lender you choose if you take a loan.
Will this hurt my credit?
No. Our form does not pull your credit. A lender asks your permission before any credit check.
Is MyLenderList a lender?
No. We do not make loans or credit decisions. We connect you with licensed mortgage professionals who review your scenario.
What if my credit is not perfect?
Tell us your situation honestly. Some loan programs, such as FHA, have more flexible credit guidelines. A loan professional can tell you which options fit.
Who will contact me?
A licensed mortgage professional who serves the area of the property. You can opt out of calls and texts at any time by replying STOP.
What is the difference between pre-qualification and pre-approval?
Pre-qualification is an informal estimate. Pre-approval means a lender has reviewed your credit, income and assets and is more meaningful to sellers.
How do I compare lenders?
Ask each for a Loan Estimate on the same day for the same loan. Compare the interest rate, APR, lender fees and total cash to close.
Do you sell my information?
No. We share your request only with the mortgage professionals we connect you with and service providers that help run the site.