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
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I was quoted 2.625 over the phone with $3500 lender credit.
But they are taking a long time to respond, any one know a quicker way to get LE to compete with better.com?
*6/23: pre-approved with Better, quoted me horrible rates of 3.25% w/$2300 in points plus $1870 closing costs. Tried saying the AMEX offer would offset the costs.
*7/10: Watermark quoted 2.625 over the phone. Called Better to see if they could beat, loan officer said no.
*7/11: officially applied online w/WM, submitted all docs
*7/13: WM offers me two rates to choose from, says he went through my docs and ready to proceed: 2.625% w/$300 lender credits or 2.75% w/$2009 lender credit. I locked in 2.75
- ABC = $2343 ($1499 + 29 + 815)
- approx out of pocket $884 (D+I-lender credit)
*7/15: Received LE: escrow and new taxes added erroneously
- Added $1501 in tax/insurance
- D+I now $4394 minus LC = $2384 out of pocket!
- I called the loan officer to revise LE before I sign, said he could not update, tried convincing me not to worry/it'll get corrected at closing but i still need to sign the wrong doc now to move forward
*7/15: Thinking this was bait and switch, I panicked & sent LE to Better. They countered and beat by $100 off ABC:
- no points/orig fee
- $550 appraisal
- $1300 lender credit
- ABC $1524 (0 + 614 + 910)
- approx $833 out of pocket
- subtract $550 appraisal refund = $283 out of pocket
- $2500 AMEX promo applied = $2217 gain
I do feel guilty taking this offer to Better as the WM LO worked over the weekend to process my paperwork, and Better's initial rates were pretty horrible and they didnt' make any attempt to earn my business. If it weren't for not feeling confident about the WM LE, I would not have panicked and definitely would have continued with WM. I do think WM has the best rates and you don't need to do much to get it whereas Better won't even flinch unless you go through hoops. Crossing fingers everything goes ok with Better before I drop WM's application.
I was quoted 2.625 over the phone with $3500 lender credit.
But they are taking a long time to respond, any one know a quicker way to get LE to compete with better.com?
I was quoted 2.625 over the phone with $3500 lender credit.
But they are taking a long time to respond, any one know a quicker way to get LE to compete with better.com?
I was quoted 2.625 over the phone with $3500 lender credit.
But they are taking a long time to respond, any one know a quicker way to get LE to compete with better.com?
The quote that I got was not that great. Thanks.
Sign up for a Slickdeals account to remove this ad.
The quote that I got was not that great. Thanks.
So i gave him my amex email, name on the card, card type and last 5 digit.
Hopefully it will go thru
How long it will take to get disclosure doc from final approval?? Any idea??
I sent them LE to price match.. Hope they do before loan disclosure or they can do it later as well??
2.875% 30 year loan
A+B+C=914
Closing 1000
Lender's credit 500
Amex 2500
No points, no origination charges
Guys please tell me how did I do? TIA!
Sign up for a Slickdeals account to remove this ad.
I was quoted 2.625 over the phone with $3500 lender credit.
But they are taking a long time to respond, any one know a quicker way to get LE to compete with better.com?
Leave a Comment