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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Looking for advice. Better was able to match a lender for a 30 year @3.25
option 1 is what they matched and beat the price by roughly $1000. Essentially it won't cost me anything to close. (except title, govt fees and escrow of course)
The #2 is alternate, to go down in rate to 3.125 but I'd have to pay points.
I'm saving about $2k in interest over 5 yr span if I go with 3.125..
Any thoughts/advise is appreciated..
Option 1: 3.25% ($1702 in credits) 30 year fixed
New monthly principal and interest payment: $1131 ($250 savings)
Interest savings over the next 5 years: $14,891
Breakeven period: 0 months
Option 2: 3.125% ($179 in credits) 30 year fixed
New monthly principal and interest payment: $1114 ($268 savings)
Interest savings over the next 5 years: $16,448
Breakeven period: 4 months
With this option, you'd be saving $268 a month plus an average of $294 per month that would be going towards your principal vs interest over the next 5 years.
If you locked, they do have a float-down option (or at least did a couple of months ago), although the terms are somewhat restrictive.
I applied through better and a Zillow affiliate Somber-something
I started with aimloans but realized my credit was frozen and experienced made me write a letter to unlock it. Should have been done by Monday the 6th.
I am gonna look into cost co mortgage and maybe sofi and see if I can get 3% at 20 yr on 200k with low closing and almost no points. It's a goal. Maybe unachievable
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this is the chart they follow if you guys want to see if the rate drop or not. it changes every Thursday.
this is the chart they follow if you guys want to see if the rate drop or not. it changes every Thursday.
if the rate drops .25 midweek, i dont think they will do anything , as the rate changes way too rapidly for them to keep track. I think its something you would have to tell them. you should keep pounding other lender to beat your current loan estimate by .25. and then have better.com beat that new estimate. sigh, its such a painful process. but saves you lots of money for the effort.
if the rate drops .25 midweek, i dont think they will do anything , as the rate changes way too rapidly for them to keep track. I think its something you would have to tell them. you should keep pounding other lender to beat your current loan estimate by .25. and then have better.com beat that new estimate. sigh, its such a painful process. but saves you lots of money for the effort.
They told me to check again next thursday.
I think the lender credits and rates change every day though? I guess its just the float down option that they match only every thursday?
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They told me to check again next thursday.
I think the lender credits and rates change every day though? I guess its just the float down option that they match only every thursday?
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