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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Closing at Home: Yes, a notary came to our house and spent about 45 minutes having us sign a million forms. They got mailed to Better and we expect the real closing to happen by weeks end. Guy is contracted out by Better and is not a lawyer or loan person. Just there to get all the signatures.
AMEX - It was a task on the BETTER.COM website for us at least a week before the closing.
If they are about to set a closing date, then email or call to get that set up for you.
Am I eligible?
I went ahead and put in my info. The offer was 3.0% of less than 50% LTV, 800 credit, plenty of income, secondary. Pretty high quote, would definitely need a rate match to be competitive.
Radian Title: $1575
$977.53 Title Cost
$125 CPL
$225 Closing Fee
$100 Title Binder
$147.75 Endorsements
$199.75 Deed
ALTTitle - $2038
$1514 Title Cost
$125 CPL
$400 Endorsements
Shahhere
ALT TITLE:
Lender's Title Insurance
(One time premium)$1,625.25
Lender's Endorsements
100, 300, 900$300.00
Lender's Closing Protection Letter$125.00
Subtotal$2,050.25
FIDELITY:
Policy Premium:$1,625.25
(but no endorsements selected - but should be ~$150)
Based on this it seems that radian will be cheaper
Am I eligible?
Rate lock on the 9th
Appraisal ordered on 9th. Appraiser came to inspect on 14th
Title ordered on 10th (not using better for title)
Underwriting conditionally approved on 13th
I didn't expect them to move this fast given the re-fi rush.
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Will try if they can give me an estimate
Rate/APR Points
3.5/ 3.713 $3314
3.875/ 4.049 $2454
4.125/ 4.264 $1875
I think this is really high based off current rates
I had an okay time for them to "try" to match as it was exact but better than their first offer. Others have had better luck after locking and moving along the process.
You dont lose anything in applying and going deeper in the process with more than 1 lender in this market; especially since they all want 45-60 day closings.
I doubt it as thats the downside of dropping a lender and even locking a rate as you might not be able to proceed for another 6 or so months with them or them not working with you in the future (assumption).
Shahhere
A+B+C+E = $4000 (GA has big 'E')
1. 2.75% with 3000 credit
2. 2.625 with 1500 credit
On the face of it I am leaning towards the lower rate but I don't think Better is matching that rate. So may be get Better to match 2.75% and try to get Amex credit is the better option? Thoughts?
A+B+C+E = $4000 (GA has big 'E')
1. 2.75% with 3000 credit
2. 2.625 with 1500 credit
On the face of it I am leaning towards the lower rate but I don't think Better is matching that rate. So may be get Better to match 2.75% and try to get Amex credit is the better option? Thoughts?
A+B+C+E = $4000 (GA has big 'E')
1. 2.75% with 3000 credit
2. 2.625 with 1500 credit
On the face of it I am leaning towards the lower rate but I don't think Better is matching that rate. So may be get Better to match 2.75% and try to get Amex credit is the better option? Thoughts?
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Say for refinance with no escrow, total closing(including prepaid like interests) is $1,900, but your lender credit is $2,000. Do you lose out on $100?
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