Now, this is a little delicate since we have to consider the friendship status, but if you want to do it properly, you could leave that out of the picture, and treat this as a business transaction, which is really should be.

Thus, using your direct lender could serve you better especially if you want to save on costs. With a new broker, you will have to pay the middleman fee which could run up to thousands of dollars. Now, if your direct lender is willing to give you a refinance, why don’t you take him up on his offer, provided it’s a fair one. After all, if you’re happy with him as your lender, then you will be happy with him as the person handling your refinance.