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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Thanks. Just sent in all the info after rate lock. Just making sure there wasnt a missed steps.
Thanks Everyone.
loan value at 500k. L2V 42%. costs $1600 (after lender credits). probably can get them to waive it.
is it a good offer before i move to match with better.com?
Better matched panther_fan's best offer. So they are not paying an extra $610 in points and getting a higher rate.They are getting "similar" points and rate, AND the $2,500.
We get it, you had a bad experience. Please stop spamming this thread with it.
Obviously people should calculate how upfront costs, long term savings, Amex credit all factor in. But many (most?) people here are getting identical or $1,000 savings by getting Better to match - in addition to the $2,500 Amex credit. In my case, I'm calculating as though the Amex credit doesn't exist. It's the icing on the cake. I am saving $1,000 by going to with Better, for the same rates and terms as the best I could find on the market. I am not giving up points or rates to get the Amex credit.
I am fine if they don't agree to match rates. However, better is very deceptive about it. I had 10+ calls from better, and an email from them about the rate match guarantee.
After I gave better.com three LE's from other lenders, they refused to match the rate, saying that it does not apply to the AMEX offer or rates that cannot be seen on a public website.
If you really want a $2500 credit, then go with better.com. If you have good or excellent credit, shop around and you will receive superior rates from other lenders.This can save you much more than $2500. https://usmortgagecalcu
What better is offering is no more than the mortgage equivalent of a cell phone promotion. You get a great rebate upfront.....only to pay more every month for the life of the contract.
Slickdealers - Don't be fooled. With a couple of hours of comparison shopping, you can get a better rate, and it will impact you for the next 15-30 years.
6/25/20 @ 12:15 PM PST
Example Property 600K , 92078 area code. 350K loan with a 740+ credit score.
Better
Zillow
Bankrate
In this example, you would receive a far better deal from any of the other lenders than better.com. If you get a few estimates and push lenders against one another, you can get even lower than these advertised rates.
It is well established on this thread and other forums as well that better's initial offer is not competitive at all.
For those of us with applications, there is a task titled "Upload a competing Loan Estimate" under "Completed Task." This is an a somewhat "hidden" and absolutely "required" task to make transacting with better worthwhile even with AMEX.
A lot of us are refinancing because it may sense with/without better in the picture. The price match + $1K and the AMEX $2.5K credit it just icing.
loan value at 500k. L2V 42%. costs $1600 (after lender credits). probably can get them to waive it.
is it a good offer before i move to match with better.com?
loan value at 500k. L2V 42%. costs $1600 (after lender credits). probably can get them to waive it.
is it a good offer before i move to match with better.com?
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mid May - started shopping for rates. Applied to lenders on Zillow, Bankrate and at LenderFi and better.com. Each day I'd check rates. I'd reach out to contacts at various lenders to get quotes if I felt rates were favorable. LenderFi's website is a good place to get a barometer of the market.
6/2 - Got a competing LE for a 20 year fixed at 2.75% $1600 loan costs after credits. Sent it over to my contact at better.com, he answered within an hour. He was only able to beat it by $300-400. He generated a LE for me. I went on to the website, played with the rate table and was able to better it by $3k. I paid for the appraisal and locked in the rate. A+B+C (including appraisal) was 2k. Lender credit $3700.
6/4 - During underwriting, I was told I was eligible for an appraisal waiver. better.com initial title costs were $1400. Their title company said I qualified for a resissue rate which would knock it down to $1100. I decided to use another title company whos cost were only $650. A+B+C is $700 and $3700 in lender credits.
6/18 - Moved from processing to closing. Entered AMEX number in one of the tasks
6/24 - Appraisal refunded.
6/26 - Closing
I just closed on 2.75% 30y with $4.8K credits with better.com ; crossing fingers on that $2.5K extra
Did you lock recently ?
loan depot seemed to be best.
Are there better jumbo rates out there? I've already paid appraisal here but don't mind putting in the work if I can shave another 1/8th.
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Did you lock recently ?
50% LVT, CA. Locked two weeks ago. Thanks!
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