30 Year Loan - Which Lender to Use?

[Allen Wu]

Hello,

I have a long time lender (current lender) who provides great service, and can typically meet the contingency deadlines. This person writes majority of our properties.

Recently, I signed on a new deal/home. My current lender is offering 3.25% interest with points (they will credit us) and another new lender is offer 2.85% no points buy down. This new lender is known to miss deadlines but the interest looks attractive. What would you? Which one would you pick? I have a 17 day contingency for appraisal and loan/app approval.

1) Current Lender (3.25%): can hit deadlines no problem, but rates seem high

2) New Lender (2.85%): cheaper and we save $150 a month, but will probably miss the tight contingency deadlines.