We are suppose to close in 1 month and are already quoted for a morgage. Can we still change who we decide to go with if we get a better rate?

Amy005
Amy005
Home Buyer
55416

Sun Sep 20 2009, 16:23 - Financing in Horsham - 3 answers
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Cindi Hagley, W...
Cindi Hagley, W...
Broker
San Ramon, CA

absolutely...but why not give your current broker the chance to meet or beat it?

Sun Sep 20 2009, 22:23
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Michael Byrne
Michael Byrne
Mortgage Broker
or Lender
Hillsborough, NJ

Hi. Yes you can, but it would be tempting fate if they already have worked on your file and offered you a commitment. I would suggest discussing your feelings with your current lender first.

Sun Sep 20 2009, 16:37
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Patrick Thies
Patrick Thies
Agent
Elmhurst, IL
FIRST ANSWER

Yes, you can go with whoever you like, but keep in mind that you will be starting the lending process all over. The new lender will have to process the file and order an appraisal. With only one month to go you could get into a time issue regarding any mortgage contingency deadlines.

Sun Sep 20 2009, 16:32
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