2. You dont find any perceived value by Banking with your present bank and maintaining your
Many benefits can be subtle, where Banks can forgive a lost or late payment,
Client Managers help pay bills when Customers are off on Vacation, or Just Busy at work.
If you have poor credit scores, shopping could lower your score further.
But it is important for all borrowers not to open OR close accounts. Closing an account will remove the history from consideration (unless it's derogatory). So, if you have paid on your credit card on time for 5 years and now just before getting a mortgage you pay it off and close it, you actually lowered your score, maybe significantly. You can pay an account down, but don't close it.
Opening a new account is also bad. It takes several months for an account to get a history of on-time payments. When it's brand new, the lack of history will lower your score. You can open a new account after you have closed and funded. Don't make the mistake of buying furniture with a new store account the day before closing, only to find your lender refuses to close - you won't have a house to put the new furniture in.
Also Texas Lending with Tim Zorka is very knowledgeable..... 214 620 8552