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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Phone/Text/Fax: 949.679.0453
direct- 949-385-2982
Phone/Text/Fax: 949.679.0453
direct- 949-385-2982
Generally speaking, these folks know we are shopping around with the LE and so they sit on it...
For me, it was convenient because I had to give practically zero paperwork- he used almost everything from existing loan I had with them.
I went back to my original local lender of choice and got a 20 yr at 2.75% with a large enough credit that my final costs are only a few hundred. Better would not match, and I didn't even bother pushing them past that. I don't want to have to play games and jump through hoops to get a competitive rate, and then bank on getting a $2500 AMEX credit in the future. If they're being difficult at the beginning of the process, my experience is they're going to be difficult throughout close. No thanks. Congrats to those who made it through the process with some great deals though.
Thoughts?
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Generally speaking, these folks know we are shopping around with the LE and so they sit on it...
For me, it was convenient because I had to give practically zero paperwork- he used almost everything from existing loan I had with them.
What other lenders give quick online LE???. ally gives but rates are high
What other lenders give quick online LE???. ally gives but rates are high
WM: $1499 Origination fees and 2.75% with 0 lender credit
What other lenders give quick online LE???. ally gives but rates are high
Dude; you keep saying the same thing so i dont understand what the problem is.
Commit to me would be 2 things: Provide SocialSecurity to run a hard pull and if thats not enough Lock the rate.
Both of those should be OKAY to do for all the lenders. As discussed tons of time SS hard pull within a short period of time are combined into a single hit. Even if its not its only a few points and so unless you are on the border with your credit you should be doing this. Locking is also in your favor at this point with the rates being soo low and yes there is a chance that you miss on 1/8th of a point or additional credit but you also risk that going up and losing out on it.
If anything most lenders are willing to let you negotiate their offers if you get a better Loan Estimate. So if you lock with WM and get a better offer from LoanCabin then take it back and give them 2 or so days to match/beat and continue with whoever you need to.
Any lender that is asking for anything else upfront in terms of costs should not be dealt with unless you are getting a stellar offer. No stupid application fees, lock fees and at best I'd allow a credit check fee under $50. Everything else is no good as most of the lenders here are not charging anything along those lines and frankly its part of their business to provide an estimate that's good on paper; if their offer is no good enough then no point holding hostage the customer with stupid fees.
Lastly, Better is the same where I think if you lock and proceed with the application it looks like you'll have a better opportunity to have them match a competing offer. I don't know where my match stands as I haven't heart in over 1.5 days.......
Shahhere
What other lenders give quick online LE???. ally gives but rates are high
LoanDepot
Better Mortgage
this was based on my experience in May (I refi'd & closed in June)...wishing more lenders were like Better Mortgage in having an automated platform that can generate LE's based on rate selections.
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Commit to me would be 2 things: Provide SocialSecurity to run a hard pull and if thats not enough Lock the rate.
Both of those should be OKAY to do for all the lenders. As discussed tons of time SS hard pull within a short period of time are combined into a single hit. Even if its not its only a few points and so unless you are on the border with your credit you should be doing this. Locking is also in your favor at this point with the rates being soo low and yes there is a chance that you miss on 1/8th of a point or additional credit but you also risk that going up and losing out on it.
If anything most lenders are willing to let you negotiate their offers if you get a better Loan Estimate. So if you lock with WM and get a better offer from LoanCabin then take it back and give them 2 or so days to match/beat and continue with whoever you need to.
Any lender that is asking for anything else upfront in terms of costs should not be dealt with unless you are getting a stellar offer. No stupid application fees, lock fees and at best I'd allow a credit check fee under $50. Everything else is no good as most of the lenders here are not charging anything along those lines and frankly its part of their business to provide an estimate that's good on paper; if their offer is no good enough then no point holding hostage the customer with stupid fees.
Lastly, Better is the same where I think if you lock and proceed with the application it looks like you'll have a better opportunity to have them match a competing offer. I don't know where my match stands as I haven't heart in over 1.5 days.......
Shahhere
So weighing my option to see how do I force WM to give me an LE. probably need to escalate
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