The decision to refinance with your existing mortgage lender is an important one. There are a number of reasons for jumping ship when refinancing, as well as several for sticking around.
Borrowers who are looking to refinance face the dilemma of deciding where to take their business: do they stick with their existing lender, go elsewhere, or do they do both? Let’s examine the advantages and disadvantages of using your current lender.
If your first mortgage was a lemon then you’re probably not even considering staying with your current mortgage lender. How do you find the best refinancing companies for your next home loan? Recent changes to the regulations affecting how banks and mortgage brokers can be compensated for arranging your home loan are extremely important if you want to avoid overpaying.