Selecting a Mortgage Broker in a Competitive Market

[Josh Thomas]

Good morning all!

Im currently working with two mortgage brokers to re-finance my home out of a VA and into a conventional. End result, ultimately freeing up my VA so I can use it again in the San Diego market. With that said, I feel like I have two solid guys on the line who are both very competitive and both of course want my business.

One individual I have worked with before and have sent many referrals too; the other I have not worked with but was referenced to by someone I trust. My question is, how far along should I be “dragging” these guys before letting one go? I want to do the best and most honest business I can however each wants to outdo the other... Initial disclosures have been signed on both ends and each seem to be working along on the new loan. Both are aware of the other however Im just not sure when the decision should be made. Is it at the end with final products/ numbers? Is it after initial LE? Both have me at a 2.37% fixed however associated closing costs is the variable where this tit for tat is occurring.

Im looking for some more insight on proper etiquette in these situations. Thank you for your feedback!!