Should I use my previous lender (Bank of America) for my new home loan? Just paid off home 4 mo. ago

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Just wondering if it would make the most sense to use the lender I most recently used, instead of shopping around for new lender.
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October 20 2011 - Florence
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"Should I use my previous lender (Bank of America) for my new home loan?"

How good are you at dealing with stress and frustration?
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October 20 2011
Profile picture for funds2
You might pay .125% more on rate and if you have 60 days to close on new purchase, it would avoid the need to compare with other lenders. This is an example though that one size does not fit all.  If there are unique circumstance (and most loans/applicants have them) there is likely to be a benefit of having a local referred loan officer to work with to get your loan closed.
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October 20 2011
 

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Profile picture for suzie11111
QuestionShould I use my previous lender (Bank of America) for my new home loan? Just paid off home 4 mo. ago
  • Asked by suzie11111
  • October 20 2011
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