We're in the process of buying our very first home. It's residential only. We had put an offer on a house, had an inspection done, and essentially decided to back out of the house due to the results of inspection. Our lender told us that since we're not moving forward with the house we need to draft up a new pre-approval? And in order to do so, needed to pull our credit again. I was just curious if this is normal or even necessary. Because our last pre-approval and credit pull was less than 90 days ago. They said that it's because our credit application was married to the previous mortgage application. But that doesn't make sense to me if the credit was pulled before we even had a mortgage drawn up. It's my understanding that the credit pull was only related to our pre-approval status. Our credit has only gotten better since that time so I'm not worried there, but I just wasn't sure if this was really necessary to do a hard pull again.
