Thank you! So how are you suggesting people play it if they have risk tolerance and renewal this summer?CdnRealEstateGuy wrote: ↑ Depends.
If you cancel on a lender at the last second, they may come after you for their out-of-pocket expenses (ie appraisal and legal fees they paid for).
If you want to stay with the same lender, but just want a different product, you should be fine (the appraisal will be re-used and they are still using the legal services).
If you get approved but the lender hasn't paid for an appraisal or legals, you should be fine as well (since there are no out-of-pocket costs).
Edit: I think you just answered my question.