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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!!
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My local cu is offering 3.00% 30 year with no points! Its happening!!! 3.125 seems like a rip off now. 20 year 2.875% and 15 year 2.50% all no points. Keep on dropping baby. Dont lock anything in.
I view this as a one chance shot so I will wait until the very end.
If rates keep dropping refi again. In July I'll app again using my wife for another $2.5K, with an eye to close in Oct to be outside of any potential 6 month issue.
My local cu is offering 3.00% 30 year with no points! Its happening!!! 3.125 seems like a rip off now. 20 year 2.875% and 15 year 2.50% all no points. Keep on dropping baby. Dont lock anything in.
Would love to know also.
In terms of my income, and what I spend on the card, its very small and there is zero balance.
But it's like they ask for clarifying info and then their "once a day" review of my application just adds more tasks which ask about clarifying things that would have no bearing on an investor or a normal underwriter's goal to ascertain approval. I assume some of you came along the lines of the same things in your applications? I read about some of the bizarre or extra layers of things they requried... None of it bothers me in terms of their process as I've got nothing to hide, but it seems very much like they are looking for time to waste and things to ask that just dont make sense.
How long did it take most of you to close that have done it? I am hoping they are done this week. I rate locked on February 19 and got all my docs in that same night on the initial go around (I had most ready to scan at home).
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My local cu is offering 3.00% 30 year with no points! Its happening!!! 3.125 seems like a rip off now. 20 year 2.875% and 15 year 2.50% all no points. Keep on dropping baby. Dont lock anything in.
It took a lot of emails for me to get a lender down to 3.25% with no fees which is almost a full percent lower than my current rate of 4.125% that I got three years ago.
Are you only seeing the rates after giving up actual info or are you seeing them with the general inquiry of Home Value, Mortgage remaining, and credit score?
Do rates vary greatly by zip code and loan amount? When I go to LenderFi and put in my info ($185k house with $140k left on mortgage with a 800+ credit) it shows me 3.75% costing me $461 and 3.125% costing me $5,275
It took a lot of emails for me to get a lender down to 3.25% with no fees which is almost a full percent lower than my current rate of 4.125% that I got three years ago.
Are you only seeing the rates after giving up actual info or are you seeing them with the general inquiry of Home Value, Mortgage remaining, and credit score?
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95834 (CA), 390k value, 229k loan, 800+ score... and I got barely a smidge better there.
30 year - Rate 3.000%, Apr 3.134%, payment $970, points $3,738
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