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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If you are using the Amex promo you should get that back; yea this delays the process a bit.
Shahhere
Now I am hoping someone can advise me on this. I got a really good offer from a competing lender but they put the property value of my house for $100k more than what sites like zillow estimate is for my home. I questioned the loan officer and asked if he can adjust the loan estimate number but he said that Fannie Mae valued my home that much which I think is a gross miscalculation if he's being honest.
I am hesitant to move forward with them as I feel that the official loan estimate will suddenly change numbers to my disadvantage when the more accurate property value is reflected.
Should I be concerned or not at all? I may not go with Better that's why I am considering this lender's offer.
Thanks
Also did you guys have success having them waive the appraisal? I have LTV of 39%, good asset to debt ratio and 800+ credit rating, so shouldn't really be needed I would think.
Also did you guys have success having them waive the appraisal? I have LTV of 39%, good asset to debt ratio and 800+ credit rating, so shouldn't really be needed I would think.
I asked about adding my Amex card info after they matched the LE I submitted to them. They asked for my card details, and then I locked with them.
I am currently in limbo, I paid half in property tax in prepaids and my previous lend had sent half my property tax to the County. I have called about 10 times trying to figure out if I am going to be refunded the property tax prepaids or if they will go in escrow. Every time I call they say someone will call you back, I have not gotten a phone call. I had to threaten to pull out because the closing "expert" wouldn't change the title company to one I wanted to use locally. After I threaten to pull out on the closing day then I finally got a call from a manager.
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.
LenderFi was 24 hours from application to LE + disclosure package, without a rate lock. No origination charge or extra lender fees.
HTL - online quotes and application are available via this link [mortgagewebcenter.com] . I then had a phone conversation with someone two days later (who confirmed the same rate + a slightly higher credit than when I applied), however to proceed to an LE and disclosures you need to confirm via phone. $995 origination fee included on these loans.
The $2000 credit that you mentioned from LenderFi, LoanCabin, HighTechLending - did the credits offset the (A+B+C) costs that they quoted?
Thanks.
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I am currently in limbo, I paid half in property tax in prepaids and my previous lend had sent half my property tax to the County. I have called about 10 times trying to figure out if I am going to be refunded the property tax prepaids or if they will go in escrow. Every time I call they say someone will call you back, I have not gotten a phone call. I had to threaten to pull out because the closing "expert" wouldn't change the title company to one I wanted to use locally. After I threaten to pull out on the closing day then I finally got a call from a manager.
Assuming that call in the end to use your local vendor did result in them switching, you could call the vendor directly to inquire about the property taxes.
The $2000 credit that you mentioned from LenderFi, LoanCabin, HighTechLending - did the credits offset the (A+B+C) costs that they quoted?
Thanks.
For me, the math doesn't work for any loan that includes an origination fee, because that kicks A+B+C up way too high - HTL would exceed the lender credit by most or all of that $995 origination fee, so I wouldn't spend too much time chasing them down for a quote (unless you can negotiate with them to waive it - I didn't bother since LC is more attractive all around).
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