If I try to refinance my house, but it doesn’t work out, is there a chance that I’ll lose my current mortgage?
I have shaky credit and I don't want to jeopardize my current situation.
Answers | 2
No. You can attempt to qualify with a new lender and your current lender will never know that you are. The only time your existing lender will be made aware is when a payoff is requested. It would be a good idea to advise your Loan Originator to wait until the end to order it. By that time you will be approved and very near the closing.