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
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I am 4 days from closing and they required official estimate from other lender.
I am in a similar situation and found a better rate through a different lender. I emailed the official LE and I see no change in the rate, but a significant lender credit added (I was paying around $1000 in points, but with the change, I see no points and around $2000 in lender credit, but no change in the rate)
Also, the loan processor said, when you lock a rate, you essentially, lock the entire table and you can change your rate (at the cost of appropriate points) - so a match after locking the rate may just be adjusting in credits without actually changing the rate.
I am in a similar situation and found a better rate through a different lender. I emailed the official LE and I see no change in the rate, but a significant lender credit added (I was paying around $1000 in points, but with the change, I see no points and around $2000 in lender credit, but no change in the rate)
Also, the loan processor said, when you lock a rate, you essentially, lock the entire table and you can change your rate (at the cost of appropriate points) - so a match after locking the rate may just be adjusting in credits without actually changing the rate.
I am in a similar situation and found a better rate through a different lender. I emailed the official LE and I see no change in the rate, but a significant lender credit added (I was paying around $1000 in points, but with the change, I see no points and around $2000 in lender credit, but no change in the rate)
Also, the loan processor said, when you lock a rate, you essentially, lock the entire table and you can change your rate (at the cost of appropriate points) - so a match after locking the rate may just be adjusting in credits without actually changing the rate.
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On Zillow, sebonic is showing 2.875% for 15 years loan with 495 lender fee.
update: it looks like the more the balance less the interest rate.
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