Dual apper

Dual apper,

Definition of Dual apper:

  1. A prospective home buyer who applies for mortgages with two or more mortgage brokers in an effort to guard against rate or fee manipulation by the broker prior to their lock down. While borrowers consider the tactic to be defensive, lenders frown on the practice because of its impact on loan costs for all borrowers.

Meaning of Dual apper & Dual apper Definition