There is no reason not to shop around. Your current bank may have the best loan package for you, but they might not. You can utilize a mortgage broker who can get quotes from multiple lenders at once so you don't have to do the leg work, or you can go through the process with multiple lenders yourself. I would get information from your current bank as well as others. In other words, definitely give them the opportunity to put something together for you to try to further the relationship, but don't be dead set on going with them just because you have a history with them. The days where your local banker could help push through a loan if you didn't quite meet certain requirements have all but disappeared. They can't tell their boss that you have never missed a payment or that you're a great couple that goes to the same church, Country Club, or wherever else. Now, you are basically approved or denied by a computer program that the lender uses - it looks at the information in your credit report, the information about your income, and the information about the proposed loan. If you meet the criteria and requirements, you're approved; if you don't, you're not Hope this helps and good luck in the process.
If you have the time, I would do both. This can be a time consuming exercise, but one that could save you thousands in the long run. I have had very good experience working with independent mortgage brokers, as they can shop around for you, savings you time and money.
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