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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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Dont want to refi and just keep adding on to the principle or giving up cash.
If they go down, in a year you can refi again. No big deal. But if they go up, you are stuck with your old mortgage.
Any deal specific for refi?
Any deal specific for refi?
If they go down, in a year you can refi again. No big deal. But if they go up, you are stuck with your old mortgage.
Funny how the more you talk to brokers/lenders the better and better deals you'll get. Especially when you start going back and forth with competitive loan estimates.
I actually locked with my other broker and am still locked as a backup in case the Better deal falls through. When I told them I need to cancel it that's when they came back with the 2.875% and $500 credit
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At these interest rates, the most financially advantageous thing appears to be to not pay off the house early and instead use/direct those extra payments elsewhere. HOWEVER, I posit that the decision here should be first, what is emotionally best for the person, and second, what is most financially advantageous.
Some people are VERY debt-adverse, potentially for good reason (inability to let savings sit). While they make more money overall if they saved the money wisely instead of paying down the mortgage, the savings would not be great enough to warrant them not sleeping at night or blowing the savings on something else (like a new car every year).
Thus, there is inherent value in doing what is emotionally best over what is financially best.
If it matters, I'm in the camp that no issue savings and not spending, so I won't be paying a penny extra on my mortgage.
I closed on 3/26 and was funded on 4/13/29 and am still waiting. At the time, I just have the closing specialist indicating that they have everything they need to process the credit, but no official communication from better.com or amex that I would be receiving it, just that it'll come in 8-12 weeks.
Now I'm being offered 2.875% no points and a $500 lender credit from someone else (Garden State Home Loans in NJ)
I uploaded the new LE to my profile but my loan application is now in closing phase. I emailed my loan processor to let them know I uploaded a new LE, she said she will let me know if they can match it.
Are you using bank rate or nerd wallet and calling those or just seeing who's close on Google search and calling those banks
I was told I am ineligible for the guarantee since they matched my first offer - and to match my 2nd offer, I'd need to lock in a rate.
Pretty much what happened: I got a lower closing cost from Company A.. I have better match and they did. But then Company A came back with another lower offer, Batter did not want to match. And I asked about the guarantee and I was told no, b/c they matched once therefore I am ineligible.
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