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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Loan Details:
$230k
15 yr
2.625%
$300 in points
$2870 in closing costs
$2500 AMEX Credit
Closed in less than 30 days.
WM offered me 2.625 with no loan costs for 20 yrs.
Better just literally shot me down. They offered me LE for 2.625 with 5k in points.
I also have a HELOC I wanted to keep so it is definitely taking more time to get my loan closed. Better.com sent over the subordination ppwk to my old lender on 6/30/20 and I got an email from my better Processing Expert on 7/15/20 that they had received it back from old lender and was sending it over to title.
I did call as well as email my old lender after better.com submitted it to make sure they had received the subordination ppwk from better.com and were doing something with it. Not sure if that made them process it faster or not but I don't think it hurt.
I'm not using the HELOC ($0.00 balance) but since I already had it set up and it sounds like they will be more difficult to get for awhile I think it's worth it to have wait a couple extra weeks to close to keep it. I still have 25 days left on my lock period so I'm pretty sure I'll be closed before that.
Better just literally shot me down. They offered me LE for 2.625 with 5k in points.
So get 2.75 with credits if u can and refinance in few months.. Rates will only drop for a while
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Better just literally shot me down. They offered me LE for 2.625 with 5k in points.
Also, how long has it been since you submitted an application/credit pull with LoanCabin while you are still waiting for a LE?
Approval
This is when we'll verify your full financial profile.
How long does this take to clear? And when does appraisal get done?
So get 2.75 with credits if u can and refinance in few months.. Rates will only drop for a while
I am all about optimism but to say "Rates will drop" isnt accurate as its at best a gamble
How far were you with better before they said they cannot match? What if you hypothetically said that you'll end the process?
Someone mentioned some kinda of a grievance step and that the PM was accepted. Depends on what steps you are willing to jump through I guess...
Shahhere
Approval
This is when we'll verify your full financial profile.
How long does this take to clear? And when does appraisal get done?
How far were you with better before they said they cannot match? What if you hypothetically said that you'll end the process?
Someone mentioned some kinda of a grievance step and that the PM was accepted. Depends on what steps you are willing to jump through I guess...
Shahhere
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Also, how long has it been since you submitted an application/credit pull with LoanCabin while you are still waiting for a LE?
LoanCabin has been...a while. I'd say its taken 3-4 business days for them to turn around with the email estimate (no LE yet)
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