Stay or Switch? Refinancing With Your Current Lender vs Moving Banks

Refinancing with your existing lender (retention pricing) can be simpler, but switching often delivers better rates — especially if you use a mortgage broker.

Frequently Asked Questions

Should I refinance with my existing lender or switch?

Request a rate match from your current lender first — it saves discharge and application paperwork. If they won't match within 0.15% of the best available rate, switching is generally worthwhile.

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