Stick with provider of MIP?

lja507

I've recently begun looking at properties. I am a first time buyer. I have a MIP with my bank, but wondered if I should follow through with this when I come to finding a property I like? Will it harm my credit score to change providers?

I know this is currently complete pie in the sky, given that I haven't found a property I like yet. And the MIP will become invalid in 3-6 months. But it would be nice to know I still had options open should the time come.

GoingOn30

Why stick with your bank when you might be able to get a better mortgage rate elsewhere?
As long as the house you want to offer on is around the same price then you should be fine. Though that depends on how long you leave it as interest rates are going up.
You need to see what rates are available when you've found a property to offer on.