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!!
expired
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!
9.8K Comments
Sign up for a Slickdeals account to remove this ad.
he says "rates are plunging but most lenders are not ready to take it down yet, higher demand and this shall pass is the reason".
If any lender does a refi with better rate, make sure they close in 30 to 60 days. All my refis are closed in less than 30 days and my broker says
most lenders are only going down to 2.75 with no cost for 115 years.
its a wait and see game now...
ETA: it was 15 yrs not 10 years.. sorry for the type
he says "rates are plunging but most lenders are not ready to take it down yet, higher demand and this shall pass is the reason".
If any lender does a refi with better rate, make sure they close in 30 to 60 days. All my refis are closed in less than 30 days and my broker says
most lenders are only going down to 2.75 with no cost for 10 years.
its a wait and see game now...
Hopefully rates go down again, and hopefully Better can come up for air and actually return phone calls and emails. Annoying when stuff like this happens . . .
check out provident (dot) com, thats who I am with for the past 3 refis..
Just trying to figure out what the missing piece is here
I'm with you. Of course you do have to consider the benefit of the AmEx credit, which hopefully is not affecting rates and/or costs.
It looks like most of the deals being posted are no cost re-fi's, which I always thought equaled a higher interest rate. But I went back a few pages and for the most part the rates people were posting are lower than I was being quoted for a traditional re-fi with me paying all fees.
It looks like the appraisal is waived on many of these deals (as it was on my deal), but there are always some 3rd party fees involved (credit pull, title, notary, recording, etc) and the company doing the re-fi has to be making money somehow. The processing and underwriting fees on the quote I got were definitely not insignificant.
I ran numbers on my recent quote and for a full 1 point decrease in interest rate it would take 11 months to break even. I may need to keep shopping.
It looks like most of the deals being posted are no cost re-fi's, which I always thought equaled a higher interest rate. But I went back a few pages and for the most part the rates people were posting are lower than I was being quoted for a traditional re-fi with me paying all fees.
It looks like the appraisal is waived on many of these deals (as it was on my deal), but there are always some 3rd party fees involved (credit pull, title, notary, recording, etc) and the company doing the re-fi has to be making money somehow. The processing and underwriting fees on the quote I got were definitely not insignificant.
I ran numbers on my recent quote and for a full 1 point decrease in interest rate it would take 11 months to break even. I may need to keep shopping.
That's typically what I look for in refi is no cash @ closing, which usually equates to negative points (and a higher rate). And yes I've paid for the appraisal each time, which is a total scam if you ask me (if a property appraised for $400k a couple years ago what's the chances it appraises at $200k now, and does it really cost $400 for someone to come out and walk around?!?!?!) That's the primary reason I chose Amerisave last time - because the costs were very transparent - no last minute nickel and diming on hidden shit.
Sign up for a Slickdeals account to remove this ad.
Anyone were able to get quote from Rocket without providing and denting your credit?
Now where is that guy who kept saying wait till the interest rate dropped down to 0 while I kept saying take the free money if there are no closing costs + the bonus $2500 and then REFI again if the rates drop
just noticed that lenderfi is no longer taking any new applications for comparison.
I closed 2 weeks ago with $2000 credit (left over after close) and $2500 Amex credit. So already $4500 free money and with your contact I will refi at no cost. Thank you so much
I signed a document that I do not intend to sell in the next 6 months. I can still refinance again, right? Would love to get sub 3's if the market heads that way...
Sign up for a Slickdeals account to remove this ad.
Hopefully rates go down again, and hopefully Better can come up for air and actually return phone calls and emails. Annoying when stuff like this happens . . .
Join The Conversation
Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!