How to Break Up with a Lender?

[Victor Yap]

Hi Bp,

I was pre-approved by a big company. However, I've since found a different loan officer that I believe is a better fit for me. I have a follow-up appointment with the big company lender, and I'm wondering how should I tell him that I'm not interested in using a loan with his company on my next deal.

I'd like to maintain a relationship if I ever need to do another deal with him. How should I approach my appointment with him so I don't waste his time but also keep the relationship?

[Anthony Simboli]

Definitely contact them. Leaving someone in the dust is never the right choice. Always provide the WHY when explaining you're going with someone else for a deal. If you truly think you'll work with them on another deal, explain that to them and how you'd like to stay in contact with them.