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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 wife and I both have pretty strong credit (high 700s, low 800s depending on reporting agency).
We financed our house 2 years ago, 30 years at 4.785%. Through Better, we recently got 3.5% on a 20-year loan (after buying down .126% for $286 OOP), but nothing close to sub-3% without having to drop significant $$. And our estimated cost to close (not including $2,500 Amex credit) is $5600.
Did I mess up?
I went through the application a few times to get LE's for different rates and term lengths.
I went through the application a few times to get le's for different rates and term lengths.
My wife and I both have pretty strong credit (high 700s, low 800s depending on reporting agency).
We financed our house 2 years ago, 30 years at 4.785%. Through Better, we recently got 3.5% on a 20-year loan (after buying down .126% for $286 OOP), but nothing close to sub-3% without having to drop significant $$. And our estimated cost to close (not including $2,500 Amex credit) is $5600.
Did I mess up?
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I'm sitting at 3.25% on a 30-year fixed with a $600k balance from a few years ago, and I haven't seen anything even remotely competitive from anyone. Better offered me 3.875%, but I probably won't even bother playing the "game" to try to get a lower rate from them if it's a losing battle in my situation.
On a side note - this thread is amazing!
Is it just A + B + C + E - lender credits?
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06/15: Better - 3.000% with a loan cost of $2,399 ("D" - Lender Credit)
06/16: LoanDepot - 2.990% with a loan cost of $4,013
06/17: LenderFi - 2.750% with a loan cost of $969
Then the following timeline:
06/17: I submitted LenderFi's loan estimate to both Better and LoanDepot.
06/18: LoanDepot stayed firm.
06/19: Better's concierge called me to tell me that they can match it. They would not beat it by $1,000, as the Better Price Guarantee cannot be combined with any other promotion (e.g., the Amex $2,500 promotion). I authorized a hard pull and locked the rate. Better has ordered an appraisal, and I am now waiting for the process to continue.
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