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Two lenders ready to close. Mortgage Refinance ( FHA to Conventional )

Hello guys!

So i was shopping for refinancing my home & boiled down to two lenders which basically offered the same loan estimate. One is my current lender & the other one is Owning.com.

I have appraisal waiver for both lenders. All I want is to close asap. Current lender matched what Owning quoted me. Haven't heard from Owning till today.

Question, will i get in trouble having two lenders ready to close? Will i pay either to both of them if i decided to choose one of the other?

Fyi: i don’t have any closing cost, no lender points & no appraisal & no out of pocket cost.

My current lender matched what Owning quoted me so I continue to talked them & go through the process. I didn’t actually hear anything from Owning till today that’s why I was talking to my current lender.

I’m just worried that I’m in a situation where i could get in trouble for having two lenders ready to close.

Current Loan Rate: 4% FHA

Remaining Loan Term: 25 Years

​

Refinance Loan rate: 3.125% Conventional

New Loan Term: 20 Years

submitted by /u/wanderlustvibes
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source https://www.reddit.com/r/RealEstate/comments/g9gi4b/two_lenders_ready_to_close_mortgage_refinance_fha/
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