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
American Express Giftcards
Visit RetailerGood Deal
Bad Deal
Save
Share
Leave a Comment
9,848 Comments
Sign up for a Slickdeals account to remove this ad.
You will be paying upto $80 per month and end up paying 30K at the end of the loan with 3% compared to 2.625. $50 more and 20K for 2.75
I have a lender that was servicing my loan in 2014 who I had reached out last week to see what they could do as their letter stated that they'd beat any offers out there.
Not having high hopes and even if they beat it I'd figured it was only by a hundred at best but lo and behold they have taken my Better Estimate of -$2150 for 2.75% and are kicking back a really large credit at the same rate and kicking back almost -$6600. The credit is large enough for me to consider this a "True No Closing Cost" loan and not bring any money to close.
Verbally this was unheard of yesterday and I do have a Loan Estimate reflecting that credit and am awaiting the Lender to "Lock" the rate/credit so I can fully share/post the Lender details and here. I highly doubt that others will be able to replicate this deal My 227K loan with 47% LTV and a good Debt to Income and Credit score combined with probably some sort of an exemption by the lender?
I've sent it to Better but don't think they'll come close and think they'll flat out reject the match. I'll post the Lender Info and the Direct Contact to the LO who helped me and she is willing to do similar PriceMatch deals and stated to mention "Shahhere" so she can keep track of the source of this information. I AM NOT GETTING ANY KICKBACKS FYI so proceed at your own will at this point if you do or don't believe me
Shahhere
The LE (All numbers rounded) has A=$0, B=$140,C=$2160,E=$220F=$170,G=$3700 and credit J=-$6600
No other costs that I can see and so far 4 others are getting similar A-G but lower credits in J which is around -$4000-$5000. For the best interest of the community I'll clearly post when I get the Locked Disclosures which I did lock over the phone but don't have in email just yet. As it stands the 3 people who have confirmed is that this new lender is the lowest but no one has a locked document on hand which will matter for the masses.
Shahhere
https://www.valerotitle
This beats radian and fidelity. My quote was 8% cheaper than radian. IF YOU LIVE IN TEXAS go for it.
Is it better to get a quote via email? If you dont mind can you PM the breakdown?
Is it better to get a quote via email? If you dont mind can you PM the breakdown?
Sign up for a Slickdeals account to remove this ad.
Is it better to get a quote via email? If you dont mind can you PM the breakdown?
I did 99% of what I did via email. Apply. Give them all the info they want,even SS#, etc.
Now if you do a hard credit check and provide full docs and details that are very specific to you, they will be able to actually float the application on the open market and some investor will likely "pick up" or purchase the loan at better than market prices based on the specifics of what is in the application. Sometimes if there are more than one investor wanting that loan, there is likely to be some bidding allowing for the lender credits to rise and be well over what the market is offering. I think that is why sometime we see extremes in what people get as well as why the lenders usually want you to complete an app in full. Their chance of giving you the best rate increases when they have a full app done.
They may even have investors waiting for certain types of loan applications to come through that are put in a bin (a.k.a MBS) and once the bin is filled up the investor will pick up the entire bin and pay the lender for that bin. So if you are the last loan to fill a bin the lender might just give you that extra credit so they can sell the bin as they will make money only on the entire bin. If the bin is less than half full, your chances of getting better rates are less as they need several more loans to fill the bin.
Investors likely have the ability to select income group (income above centain $), income type (business income, non-business income, etc), credit rating even finer than the 760+ that is generalized, property location, LTV, etc.
These is just my understanding.....not an inside view. We would need a loan originator to really confirm this theory.
Started with better, the best they could do was 2.75% but that came with $4,500 in points, $5,700 in total A/B/C costs.
Tried to get a quote from owning.com was told they weren't doing refinances less than $350k.
Couldn't get a response from LoanCabin after I submitted the initial application.
Watermark though, offered me 2.5% for a 30 year with 700 in lender credits A/B/C costs are about ~2,500 before the lender credit. I was also considering a 15 year and they sent me 2.125% for a 15 with the same closing and lender credits (though it was less in lender's credits yesterday). Going to go the 30.
Better wouldn't match. I know others have said better will match if you are further in the process, but not worth trying to go further and then hoping they will match later, so we are going to go with Watermark. Not getting the AMEX credit, but better deal overall with the lower rate and lower costs.
I did 99% of what I did via email. Apply. Give them all the info they want,even SS#, etc.
I locked few weeks ago. I told them interest rate went down. They told me that they cannot re lock the interest rate but if I can get a better offer they will try to match it.
Is there any other online site I can use to get rate so that I can request better to match it?
My loan amount ~220k
Sign up for a Slickdeals account to remove this ad.
Started with better, the best they could do was 2.75% but that came with $4,500 in points, $5,700 in total A/B/C costs.
Tried to get a quote from owning.com was told they weren't doing refinances less than $350k.
Couldn't get a response from LoanCabin after I submitted the initial application.
Watermark though, offered me 2.5% for a 30 year with 700 in lender credits A/B/C costs are about ~2,500 before the lender credit. I was also considering a 15 year and they sent me 2.125% for a 15 with the same closing and lender credits (though it was less in lender's credits yesterday). Going to go the 30.
Better wouldn't match. I know others have said better will match if you are further in the process, but not worth trying to go further and then hoping they will match later, so we are going to go with Watermark. Not getting the AMEX credit, but better deal overall with the lower rate and lower costs.
also, how long did it take to get that rate from watermark? I finally got a rate from loancabin after 5 days I have basically same stats as you, and they're quoting me 2.625% - now that I know that 2.5 is obtainable that's what I want
Leave a Comment