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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Not change it and control it as they wish and "Bait and Switch". I agree it says "Apply" and not "Lock" anywhere.
Shahhere
You might be able to still get it. But I would plan on making sure if you dont lock before that date, that you stay on top of it. Its likely they will end up following the terms, but I would plan on having to pay close attention to it, and be rdy to call AMEX to complain if they try to not honor it.
With that said, they said CEMA for NY could bog down the whole process and likely won't go through. So, if I take a apples to apples comparison where neither better.com or them gets the CEMA done for various reasons ... I would get 0.25% lower rate and about 4k less in origination and possibly $500 less in fixed costs (this is going off their snippet and what I was told over the phone).
1) can i use that snippet to try and get better to match?
2) if no matching, can/how I now cancel better and go with them (my rate is locked with better and and they ordered my title report)?
With that said, they said CEMA for NY could bog down the whole process and likely won't go through. So, if I take a apples to apples comparison where neither better.com or them gets the CEMA done for various reasons ... I would get 0.25% lower rate and about 4k less in origination and possibly $500 less in fixed costs (this is going off their snippet and what I was told over the phone).
1) can i use that snippet to try and get better to match?
2) if no matching, can/how I now cancel better and go with them (my rate is locked with better and and they ordered my title report)?
1) Maybe? Its not likely but some people have had luck. Why not try.
2) You can back out. You might not get your appraisal refund/money back if you already paid it. Not totally sure how Better handles this if you cancel after locking.
Better.com came back with $850 credit, $0 origination fee
This is for 30 year Fixed at 2.625%
today closing -15 year 2.5% with 5000 lender credit versus A+B+C of 1300. Will apply again for 30 year and hopefully get a 2.5 30 year loan locked next month at no cost considering the rate trend
Better.com came back with $850 credit, $0 origination fee
This is for 30 year Fixed at 2.625%
damn! I should have waited
Better.com came back with $850 credit, $0 origination fee
This is for 30 year Fixed at 2.625%
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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
So Better.com came back and essentially beat their last offer and upped the credit to -$3900 but thats the most they can/will do. Anyone get anything bigger as it stands it wont make sense to close with them even considering Amex. Will let things sit for a few days and go from there........
Last resort; drop B or file a grievance? File $1000 PM guarantee......
Shahhere
Does any one know what title company i should go with in Michigan?
Anyone willing to help out a refinance rookie?
let me call my rep and speak to him, see what he says. just always awkward call for me to try and haggle (at this point) ... so, I wanted to know the process better if anyone's been through it.
thanks!
2) You can back out. You might not get your appraisal refund/money back if you already paid it. Not totally sure how Better handles this if you cancel after locking.
Edit: One more factor in the rate match: While all along people here have believed that better.com would waive escrows for nothing and that is likely the mainstream policy, there is a possibility to get an even better rate at better.com by several 100 in lender credit if you do escrows...highly ymmv but you have nothing to lose... I was offered a good rate only if I did the escrow and I took it. The rate was several $100 in lender credits better than without escrows.
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If you haven't signed anything to pay them then you dont owe them anything legally. They themselves beat other lenders so what do they hope that you wont shop them once they give you a rate? How Unrealistic is this?
The way I see is that many will shop and many will not get a beating offer and so many will close and that's the nature of this, no point for lenders to make some illegal stipulation as it will only hurt their future reputation.
Shahhere
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