When it comes to a full mortgage application, lenders need to dive deeper into your finances – it`s almost always a difficult search, but one you can`t really avoid. Answer only a few questions about your income and deposit, then upload your PMI certificate. There is no credit check. And it`s Freeee! An agreement in principle (AIP) – also called a decision in principle (DIP) or mortgage in principle (PMI) – is a written estimate or statement from a lender to say how much money they would lend you if you bought real estate. A PMI shows sellers that you`ll likely be approved for a mortgage, so it could help you stand out from other buyers if you make an offer. Comprehensive credit checks leave an “imprint” on your credit report. If you get a PMI and later ask us to recommend a certain mortgage, we will conduct a soft credit check. What a PMI or AIP does is give you a little more security before you dive into a full mortgage application.