Under contract, too late to shop around lenders?

[Harrison Kliegl]

Hi All,

Under contract for a newly renovated SFH in KC, MO. Is it too late to shop around lenders? I'm pre-approved with a lender that was referred to me by my agent. Good lender and good experience so far but I want to shop around for a lower interest rate.

2 questions:

1). Is it too late to shop around lenders if I'm already under contract (have 45 days til close)

2). Any advice on local lenders I can reach out to?

I'll be making calls to local lenders and credit unions, but figured I would ask this forum for suggestions as well.

Thank you!

[Harrison Kliegl]

@Ujwal Velagapudi

Thank you Ujwal for the response. That is a good point, I should have some backup options regardless of whether I like the terms of my loan from the beginning.

Thanks