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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I've spoken to my Loan Officer at Watermark and have been upfront about what I and others here would use as they are reluctant to provide LE and shop somewhere else. I've said that they cant quite stop people from doing that.....either way they are looking to clarify their wording and state an upfront credit without saying "No Costs" as the $1499 Org fee is a COST.
Watermark seems to be the best priced lender FYI so if you are going with them I'll ask if they can provide a SD pricing without jumping through hoops.......doubt it but just want to be fair and have less people waste their time as well.
If you apply with a Lender including provide your SS I believe their are obligated to send you a LE; not sure if it would be the best priced one lol but thats how i understand the law. Again you can apply at multiple places in a short window and your credit scores wont take a hit.
Shahhere
Watermark seems to be the best priced lender FYI so if you are going with them I'll ask if they can provide a SD pricing without jumping through hoops.......doubt it but just want to be fair and have less people waste their time as well.
If you apply with a Lender including provide your SS I believe their are obligated to send you a LE; not sure if it would be the best priced one lol but thats how i understand the law. Again you can apply at multiple places in a short window and your credit scores wont take a hit.
Shahhere
But that could be just me.
But that could be just me.
For me, regardless of what the headlines state, I email my understanding and get an acknowledgement that my understanding of the "no cost" is correct.
Anyway.
But that could be just me.
I had that conversation with them earlier today that if they stated "No Cost" as I've been doing this for 12 years of my own refinances and the other FW tread that a "No Cost" loan = NO Lender Costs (A& B on the LE). 3rd Party Costs, Taxes and Escrows are mine to take care of.
"True No Cost" loans I've done in the past in exchange for a higher % is where I've paid no costs including Title/Taxes/Escrows and essentially brought nothing extra to closing other than the loan amount. This has been an issue at times where there is an unexpected cost but again its been agreed upon in the front and the lender has covered the extra costs.
Told WM the same thing that if they quoted me $2000 Credit they'd still be the cheapest for me and most people here instead of "No Cost with $3500". Lets see what their feedback if any is and if they are interested in making a Forum Offer for SD
Shahhere
The amex site says that the application needs to be made by 7/25. Does this mean I need to start an application with Better and then I can find another lender to pricematch with OR do I need to have better approve a price match prior to applying? What I'm trying to figure out is if I'll have the time to get other Lenders to give me a LE and have time for better to approve a price match in the next 7 day or if I just need to get the ball rolling with better in order to qualify for the amex offer.
Regarding getting LE's from other lenders, does it make the most sense to apply for a handful (Loancabin, Watermark, any other recommendations) the same day? Wasnt sure if multiple hard pulls the same day would get grouped as one like some CC applications.
If it makes any difference, I'd likely be going from a 30 year loan to a 15. $320K left on the loan, $500K home value, 830+ credit score.
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"True No Cost" loans I've done in the past in exchange for a higher % is where I've paid no costs including Title/Taxes/Escrows and essentially brought nothing extra to closing other than the loan amount. This has been an issue at times where there is an unexpected cost but again its been agreed upon in the front and the lender has covered the extra costs.
Told WM the same thing that if they quoted me $2000 Credit they'd still be the cheapest for me and most people here instead of "No Cost with $3500". Lets see what their feedback if any is and if they are interested in making a Forum Offer for SD
Shahhere
I don't want appraisal coming in low, and affecting me later on. For those of you who changed it, did rate/lender credit change at all?
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Over the phone he gave me number of 2.625 with lender credit of $1800 for a 30 year fixed.
Only problem is that he's pretty much refusing to give me a LE unless i lock.
Can i lock and then back out?
Can i just get a copy of LE and fill out his numbers just so i can use it for better.com to compete. This is super frustrating.
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