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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So, other than Better, WM and Loan Cabin, who else is quoting decent rates?
Sprout Mortgage was pretty close to WaterMark in my case
Better came up with a high closing cost and no credits to offset
LenderFi came to zero closing after credit.
Sent the LE from Lenderfi to Better and they said they can match but need a new LE to be within the day range. I sent the original LE to be within the window but they took a day to look at it.
Now Lenderfi does not want to give me a new LE and saying they will cancel my application if I don't commit to close with them.
Reached out to Watermark with the Lenderfi LE and they mentioned they can match. In email they mentioned they will give credits so closing costs will be zero. They have a 1500 origination fee which they can't take out so they give credit to offset it. They are taking time to generate a LE so I can take a look to compare.
Better came up with a high closing cost and no credits to offset
LenderFi came to zero closing after credit.
Sent the LE from Lenderfi to Better and they said they can match but need a new LE to be within the day range. I sent the original LE to be within the window but they took a day to look at it.
Now Lenderfi does not want to give me a new LE and saying they will cancel my application if I don't commit to close with them.
Reached out to Watermark with the Lenderfi LE and they mentioned they can match. In email they mentioned they will give credits so closing costs will be zero. They have a 1500 origination fee which they can't take out so they give credit to offset it. They are taking time to generate a LE so I can take a look to compare.
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Interestingly a day after Mark told me that watermark could not match loancabin because it was like 2K off, he called me today seeming kind of desperate asking if I was still interested and maybe they could match that "lodge loan" place, but before I could respond, he said he had another urgent call (he always does) and that I could call him back if I was interested.
Mark Hoagland
Mortgage Banker
Office: 949.679.0652 | Fax: 949.625.0423
email | website | Apply Now
To be honest its shitty as no one else is charging any kind of fees and at most just making people lock the rate at a later stage.
Its too bad I wont apply if that's the case especially since they are not the lowest based on people posting so its even worse.
Shahhere
You can try my LO (he was slow for few days but has been active again and is sending updated LEs and all).
Michael C - 949-577-9120.
Shahhere
WM A+B+C = 5180 (includes $500 appraisal, $425 land survey, and $350 survey fee) less 2100 credit = 3080
Better A+B+C = $2980
But better already waives the appraisal fee and the survey fees (not sure why there are two) won't be charged anyway as I already have a survey. So i feel like those should be deducted out (or at the minimum the survey fees) should be deducted out, when Better runs the calculation to "beat" WM. Right?
Of course, Better sent over their LE at close and the email says I need to lock tonight or the rates expire. I've sent a reply email but they are already closed.
Any thoughts on what I should do? Go ahead and lock and then try to get an additional credit tomorrow? Or roll the dice that they will match tomorrow?
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