Monday, November 7, 2011
Shopping for a mortgage
Shopping for the best deal is the heart and soul of our consumer culture, and must be encouraged, or so the theory goes. Yet, when mortgages are concerned, the more you shop around, the more the providers check your credit scores. Checking the score reduces them. So by the time a bank wins your business, it has destroyed your credit, and cannot do business with you anymore.
Is Catch 22 on Banker’s MBA program?