No!
You can change your hosting company anytime. Of course the companies aren't going to make it easy but you are entitled to have your domain, hosting, and anything else you pay your hard earned money for, where you want it. I personally, like webn8.com
They make it incredibly easy for you to transfer you domain, here.
Don't pay an incredible amount of money for domains either. Shop around, find a good deal, If you aren't sure, send me an email and I will direct you to some fair venues.
Email me Customer Service
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