 TITLE: How to Choose the Right Lender for a Mortgage Refinance CONTENT: Should I Consider Financing With My Original Lender?\n----------------------------------------------------\nIf you're considering a refinance, it might seem easiest to turn to your existing lender to ask for a lower rate. This is certainly a possibility you should look into, but keep in mind that other lenders out there may be able to provide a better offer.\nRefinancing works by paying off your existing mortgage with a new loan, one that often has a lower APR and better terms. Doing this helps you save money on interest over time, and can also help you capitalize on newly lower interest rates.\nWorking with your current lender could make the refinancing process much easier since they already have all your information. If you've paid on time and proven you're a valuable customer, that may help you negotiate better terms, including a lower interest rate and closing costs. These savings could be even more likely if your mortgage is only a few years old, as all the paperwork and records for the initial transaction might still be accessible.\nHowever, working with your current lender may also have some drawbacks. If you don't shop around, you won't know if other lenders offer better rates and terms. You may also miss out on appealing benefits offered by another lender. END