Please add sections to this wiki with useful information about the process, so that people don't have to ask the same questions over and over, or scan the whole thread for answers!
Notary and closing
Here is what you can expect or ask for from my experience:
1. New pen for signing wiped thoroughly
2. Pen stays with you after signing
3. Only material they will touch would be your ID
4. ID would be wiped and returned back
5. Can expect gloves to be worn
6. Signing can happen in your front yard or in your garage
7. If you have a Costco table then you can sit on either sides to maintain distancing
8. Masks might be recommended given new guidelines
9. Plus discuss with the notary!!
expiredGreenworld123 posted Dec 08, 2019 02:27 PM
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expiredGreenworld123 posted Dec 08, 2019 02:27 PM
Amex offer: $2,500 statement credit for home refinance Better.com
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I went to Zillow and put in my info for a refinance. They show Seasonic giving 3.5% on a 30-year loan or 2.99% on a 15-year. Is this the info you give to Better and they match the percentage? Better showed me 30 Year Fixed - 3.50% / 3.614% - $1,750 points/credits (which again I'm not really sure what the credits portion means)
$185k purchase price of my home with an initial $148k mortgage that is down to about $140k balance and over 800 FICO score
Thanks
Is Better.com one or the other? You either take their offer and get the $2500 Amex statement credit or you get the to price match another offer and get $1000 back? You don't get both?
What is the cost of the refinance with Better.com? Is it generally the same or does it vary greatly from person to person?
And when you say that lenders are aggressive with rates and pricing, do they give good figures up front or do you have to bargain with them to do better?
Is Better.com one or the other? You either take their offer and get the $2500 Amex statement credit or you get the to price match another offer and get $1000 back? You don't get both?
What is the cost of the refinance with Better.com? Is it generally the same or does it vary greatly from person to person?
And when you say that lenders are aggressive with rates and pricing, do they give good figures up front or do you have to bargain with them to do better?
My example:
Originally Better.com was 2.875% buying points for 6K on a 15 year. The best LE I had was $1389 on the LE for points. I sent that to better.com to price match and they came back with $2100 in points and still no appraisal cost with this deal.
But a lot of folks are doing the 3% 15 year with lender credit. Which you can shop around...
Made up example:
Better.com original offer 3% 15 year with no lender credit.
A LE you find is 3% 15 year with $1450 in lender credit.
You send that to Better.com. Lets say they cant match it but go down to 3% 15 year with $650 in lender credit...
Then you take a step back and just add the numbers.
3% 15 year with $650 in lender credit + 2500 credit on the backend
or
3% 15 year with $1450 in lender credit + 1000 from better.com for not beating the price match.
You would have a better overall deal with Better in this scenario. The main criteria is what Better does when you submit your best LE to price match. If they get close itll be Better. However, some folks have gotten really good deals that Better won't touch and then they net more money using that other lender and then pocketing the $1000 because you have proof via e-mail that the didn't price match per their guarantee.
My example:
Originally Better.com was 2.875% buying points for 6K on a 15 year. The best LE I had was $1389 on the LE for points. I sent that to better.com to price match and they came back with $2100 in points and still no appraisal cost with this deal.
But a lot of folks are doing the 3% 15 year with lender credit. Which you can shop around...
Made up example:
Better.com original offer 3% 15 year with no lender credit.
A LE you find is 3% 15 year with $1450 in lender credit.
You send that to Better.com. Lets say they cant match it but go down to 3% 15 year with $650 in lender credit...
Then you take a step back and just add the numbers.
3% 15 year with $650 in lender credit + 2500 credit on the backend
or
3% 15 year with $1450 in lender credit + 1000 from better.com for not beating the price match.
You would have a better overall deal with Better in this scenario. The main criteria is what Better does when you submit your best LE to price match. If they get close itll be Better. However, some folks have gotten really good deals that Better won't touch and then they net more money using that other lender and then pocketing the $1000 because you have proof via e-mail that the didn't price match per their guarantee.
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I think there was a post or two on this long thread about it. Maybe others can chime in.
EDIT: On multiple bogleheads forum posts, they talk about receiving the $1000 fairly "easily".
I think there was a post or two on this long thread about it. Maybe others can chime in.
EDIT: On multiple bogleheads forum posts, they talk about receiving the $1000 fairly "easily".
I had them match lending.com, I also had 3 L/E, I had 2 that I went through Costco.com. They offered me 3.25 with $300 lending Credit and Better matched it. and up'd it to $1,000 (something I forget) lender credit. I probably could have done more L/E to get a better rate and loan credits, but I am overwhelmed with work things & life!...lol I am happy with the loan as of right now. I lowered my monthly bill by $400 dollars and got rid of PMI. I probably won't be as happy if mortgage rates keep going down though...I hope if that were to happen, I could still have them price match?
I hope this is hopeful to somebody, I have learned a lot through this thread and received a lot of help from people on here!
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I hope this is hopeful to somebody, I have learned a lot through this thread and received a lot of help from people on here!
And where do you submit the offers to Better? Do I have to actually apply first and then reply to emails that they send? Or do I get them to match the offers from the beginning by sending them an email with the other offers?
Thank you
I reached out to one lender by email and they replied with
30 year fixed options cash out
3.25% carries a lender fee of 1200 on top of 3rd party costs
3.375% carries a lender fee of only 500 on top of 3rd party fees
3.5% has NO lender fees
I just need to know how to get Better to match/beat this info
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