refinancing lender

Good question, the answer usually is that you get no added benefit from staying with your current lender. You've already said yourself that there are better available rates and closing costs. Shop your refi with a local mortgage broker because odds are that you will find a better deal and more flexibillity.

There is little to no benefit to stay with your existing lender.. It there are better rates and lower fees available, then you should go with the lowest.. Some folks feel a sense of commitment when it comes to dealing with their bank.. And so long as you make your payments, the relationship is wonderful.. try missing a payment, and see what happens with those nice folks... they are not committed to you, so you shouldn't be committed to them...I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Almost always, the answer is NO. I would recommend working with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of many lenders, not just those of one bank, and can usually find loan programs with rates and fees that will beat what your bank can, or is willing to give you. Don't be fooled into the big bank lie that a working with a Mortgage Banker/Broker adds a layer of costs. The reality is that we get a better price from the same bank for the loans we package and deliver to them, than they are willing to give to their retail customers. Why? Because their overhead is much higher than ours is. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

I agree....big banks might have an advantage on harp qualification for clients. Other than that - get the lowest rate/closing cost you can find! www.calbestrates.com

The best thing for you to do is shop for rates/closing costs with your local lenders. find the best terms and go for it. We are a lender in PA give us a call 908-933-0253 or email info@omegaloans.net for more info.