I am in a situation where I need to get a mortgage in a short period of time. My situation is unique and I want to make sure the mortgage gets approved. I started working with a small bank and it died off, then continue with another one that is about to go to underwriting in an hour.
The original bank process has come back to life and it sounds more promising than the other, but they are charging me points (1.25 vs 0). Should I have both of them go to underwriting at the same time or is that bad? I just want to have a fallback without wasting time, but don't want it to affect either process.
What should I do? If I do go to underwriting on both, what happens if both get "approved"?