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Want to switch mortgage lenders for refinance

Hi,

I have started with one broker (3.75%/30yr) and he ran our credit and sent the disclosure documents for review. It has been one day from the credit check and we haven't responded yet. The only thing we signed is for the credit check.

I just got an offer from another agent (he replied late) with a 3.5% offer. Also, I am hearing the possibility of another federal cut.

Now, I am wondering if I can discontinue with the present lender. He has $100 for credit report that I am willing to pay, but he spent at least 1hr of his time to prepare the documents and send us.

Any suggestions?

submitted by /u/fershey17
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source https://www.reddit.com/r/RealEstate/comments/cy58c1/want_to_switch_mortgage_lenders_for_refinance/
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