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
Item 1 of 1
expiredGreenworld123 posted Dec 08, 2019 02:27 PM
Amex offer: $2,500 statement credit for home refinance Better.com
American Express Giftcards
Visit RetailerGood Deal
Bad Deal
Save
Share
Leave a Comment
9,848 Comments
Sign up for a Slickdeals account to remove this ad.
Credit 773
Refi primary residence for 417k
Value is about 570k
In North Carolina
Rate 3.375%
Points $415 (no credits!)
What am I missing to get better rates
I just signed today, so I have the documents handy, here's what I have found so far:
you agree that "the property will be occupied". it doesnt' specify any timeframe, but it must be true at least at the time of signing/closing. You have not yet closed, and it appears you are not intending in occupying...so that could definitely spell trouble.
IANAL by the way,
if you close and then you start looking for a new house, then I don't see much of a problem ,but since you are already looking for one...you could indeed get in trouble, in my interpretation (again, not a lawyer)
"IX. ACKNOWLEDGEMENT AND AGREEMENT
Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees
and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation
of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation
that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001,
et seq.; (2) the loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be
used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied
as indicated in this application; (6) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the Loan is approved;
(7) the Lender and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or
supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (8) in the event that my payments on
the Loan become delinquent, the Lender, its servicers, successors or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and
account information to one or more consumer reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required
by law; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the
condition or value of the property; and (11) my transmission of this application as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal
and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as
if a paper version of this application were delivered containing my original written signature.
Acknowledgement. Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify or reverify any information contained in this
application or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency"
Sign up for a Slickdeals account to remove this ad.
$3k in credits to get 2.75%. I don't think I can do better at this time,
I would like to close on the new house before the EOM.. Is it possible ?? What do I need to do.. Request better to expedite ?? ( assuming title and other stuff can be done ))
Shahhere
I might have just gotten lucky....these things change everyday and hard to replicate the same deal. A friend of mine got a [email protected] and 1200 back (covered A+B+C+E and 1200 back) from LoanDepot.
American Federal Mortgage Corp.
360 Route 24
Chester, NJ 07930
Direct: 862-259-3162
Fax: 866-709-3898
Main: 973-927-0400
Email: [email protected]
https://costcofinance.c
If you are an executive member then max lender fee (A) is $350 on your estimate or $650 if you are gold star. (B )depends if you need appraisal and (C ) is fixed like that for any other lender and depends on states. So give or take (A+B+C) is $3-4K in loan cost. Very likely there will be some sort of lender credit to offset some of your closing cost. In my case their rates came out to be better than any lender I spoke with and Better couldn't match. Even after $2500 Amex discount , it was more expensive to go with better. Refi 70% of home value, amount 410k @ 2.99%, 30 yr, and about $200 in my pocket after lender credit. I am likely locking with them.
Sign up for a Slickdeals account to remove this ad.
HighTechLending -- 2.875% + $2000 credit
LenderFi -- 2.875% + $2000 credit
LoanCabin -- 2.75% + $2000 credit
Better - loans all the way up to 4.125% have points attached
Submitted my LoanCabin LE to Better, who responded that there's no way they can match as the best they can do is 3.125% + $13k in points.
For those asking about LC, my LE from them took 3 days to arrive - however it came with a rate lock already in effect.
Leave a Comment