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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Got 2.875% with no points/lender fees through GR
New York State, 625k loan size, 53% LTV, 64% CLTV
I'm paying a quarter point for an escrow waiver since I think I can make back the interest by self-escrowing into my HELOC (currently at PRIME +0% -- 3.25%)
AFME offered me 3% but were concerned that they wouldn't be able to lock rates long enough to complete subordination + CEMA. Super nice folks, though.
Better.com offered me 2.875% w/ nearly $11k in fees No Thanks! New York tends to be hit or miss though.
good deal than WaterMark, any suggestions?
Also, the WaterMark is charging around $270 for title Insurance where as Better is charging around $650, why should it be different?
good deal than WaterMark, any suggestions?
Also, the WaterMark is charging around $270 for title Insurance where as Better is charging around $650, why should it be different?
Title insurance is something you can shop for. You dont have to use the one Better recommends.
- Closed: 5/13
- Opened research request with Amex about credit: 7/14
- Amex verified name w/ Better: 7/14 - 7/15
- Credit appeared on Amex online: 7/18
- Credit is dated: 7/13
I was NOT targeted by Amex for this offer. The only "qualifying" action I took was apply through the link in the Op. I used my Delta Amex Platinum card for this credit.
Currently about ready to close with Better again. Verified I will get the credit. I am allowed to use the same card #, but I will put this on my Blue Cash Everyday card instead, so if I have to open another research request, they won't get confused between the first and second credits.
Now the question is which rate to pick. AFTER the Amex credit for a 15-year,
- 2.25% w/ $500 in my pocket
- 2.625% w/ $2,850 in my pocket
- 2.875% w/ $3,750 in my pocket
- 3.125% w? $4,750 in my pocket
I'm very tempted to take the bigger payout and plan on a third refi, even if it is with a different vendor and is whatever 2.xx% rate at no-cost. FYI, my loan is only $150k.Sign up for a Slickdeals account to remove this ad.
- Closed: 5/13
- Opened research request with Amex about credit: 7/14
- Amex verified name w/ Better: 7/14 - 7/15
- Credit appeared on Amex online: 7/18
- Credit is dated: 7/13
I was NOT targeted by Amex for this offer. The only "qualifying" action I took was apply through the link in the Op. I used my Delta Amex Platinum card for this credit.
Currently about ready to close with Better again. Verified I will get the credit. I am allowed to use the same card #, but I will put this on my Blue Cash Everyday card instead, so if I have to open another research request, they won't get confused between the first and second credits.
Now the question is which rate to pick. AFTER the Amex credit for a 15-year,
- 2.25% w/ $500 in my pocket
- 2.625% w/ $2,850 in my pocket
- 2.875% w/ $3,750 in my pocket
- 3.125% w? $4,750 in my pocket
I'm very tempted to take the bigger payout and plan on a third refi, even if it is with a different vendor and is whatever 2.xx% rate at no-cost. FYI, my loan is only $150k.The real question, is how long do you plan on having the loan. With how rates are atm, I would be tempted to take the most in your pocket as possible, then plan ton refi again. But if you dont want to risk that, then its a math problem based on how long you plan to hold the loan. Only you can guesstimate how long that might be. Then the math is easy.
The real question, is how long do you plan on having the loan. With how rates are atm, I would be tempted to take the most in your pocket as possible, then plan ton refi again. But if you dont want to risk that, then its a math problem based on how long you plan to hold the loan. Only you can guesstimate how long that might be. Then the math is easy.
From the Fannie Mae guidelines, I should be good. However, I haven't looked to see if my state would limit the credits to me. I'll keep that in mind. Thanks!
Background: refi from 4.00 to 3.25 with better.com back in Feb. Locked with LoanDepot on 7/6 at 2.75 with 30yrs fixed conventional with following info:
Loan Amount: 485K
LTV: 58%
Debt to Income: 24%
Credit Score: 790+
A= $1595
B = $112 (Already paid $20 for credit report to lock the rate)
C= $900
I= $1056
D+I = 3663
Lender Credits: $4768
I saw someone can get 2.625 with Watermark and Loan Cabin. My LO at LoanDepot said he can try to price match, but need to send competitive LE up high to do so. He's pretty cool guy. Seems responsive to text and email. Also I kinda like loanDepot interface and everything is via web. Will try on Monday to shop around and see.
Sidenote: Anyone's trying to get $100 from Better.com if they couldn't match it Smilie. I'll try so with SD fashion.
I completed my application with better yesterday. My monthly payment will be $100 less plus I am pocketing 2K from the amex cashback. T
I am sure it will help a lot of people
Apparently small loans are not as desired by these lenders - guessing because when they "sell" them they get a percentage and that hurts their margins.
We all know there are lots of factors.
Size of loan
FICO and any possible credit dings
Single family better
Loan to Value LTV
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My plan was to get a good Penfed rate and try and get Better to price match it. Problem is rates are changing so quickly at Penfed. I've seen the 15 year refinance rate go up .5 percent from one day to the next.
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