If you are thinking about refinancing your mortgage then the easiest and first place you would go to is the same place you are currently using. This is because you have dealt with them before and they know you too. Sometimes it is better to deal with someone you have dealt with before because you know how they work. In other cases the reason you would look towards them is because they may have contacted you to offer you some deal that looks like it could be of some benefit to you.
In a number of my other articles I stressed the importance of getting your current mortgage contract looked at. This was so that you could find out of you could get out of it and also what the costs involved would be. This may or may not apply if you are thinking of refinancing with the same financial institution that you are using now. You will still need to find out if the fees for exiting from the current mortgage still apply. Sometimes they will make an offer look great but they have just hidden all the fees in the new refinanced mortgage. Be careful of this because you may end up paying more than you would have and the bank makes another win from a poor soul.
In any case, you should be made to feel comfortable and not being played the fool. Know your rights and be prepared for them. If you have done your research and know that other banks or financial institutions are offering the same or a better deal than you can work out something with your current place. They want to keep your business so they will work harder to keep you if they know you want to leave them. This is why they put the large exit fees into their contracts. Not so that you can pay them but so that you stay with them.
In summary, getting your mortgage refinanced by using your current bank may be no better than if went and refinanced anywhere else. However, if you were to go to an appointment with them with a lot of prepared information and show you are not prepared to play the fool then they may be convinced to give you a better interest rate.
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