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.
Should I pay my current lender's monthly mortgage or let the interest get rolled in during close as I should fund before the 15th.
Until I fund I'll be paying interest at the higher current rate one way or another I think?
Lastly, if i have to bring say 4,000 or 5,000 Better will allow a Cashier's check? I know Radian is ok.
Shahhere
At these rates, I would roll everything in I could, but be prepared to make a payment on the 12th or 13th if there are delays.
I also did an inquiry through costco this morning, but their rates are showing around 3.25% for no cost. Thats ridiculous. I have that now from May.
I went to lender fi website and it basically says they aren't doing anymore right now, and not showing any rate tables to even look at.
My best option seems to be with WM. I just uploaded a bunch of docs this morning, waiting for their review and response and will hopefully get to look over their LE.
Some of you have deals where the lender credit exceeds the closing costs, so you get a net credit (as much as a few thousand dollars) at closing.
Aside from hard credit pulls, what prevents you from churning this type of deal? You could do this a couple of times (or once if trying to avoid too many credit pulls), pocket the lender credits, and then when you're done, refi into a low rate that you want to keep for the longer term.
What am I missing?
Sign up for a Slickdeals account to remove this ad.
Some of you have deals where the lender credit exceeds the closing costs, so you get a net credit (as much as a few thousand dollars) at closing.
Aside from hard credit pulls, what prevents you from churning this type of deal? You could do this a couple of times (or once if trying to avoid too many credit pulls), pocket the lender credits, and then when you're done, refi into a low rate that you want to keep for the longer term.
What am I missing?
In looking into this more, it looks like the lender credit can be used to offset prepaid interest for the rest of the month. So if I understand correctly, a month of interest is the max amount by which you can benefit from the lender credit exceeding closing costs.
In looking into this more, it looks like the lender credit can be used to offset prepaid interest for the rest of the month. So if I understand correctly, a month of interest is the max amount by which you can benefit from the lender credit exceeding closing costs.
Shahhere
I filled out a better.com/amex application 7/24 right before the deadline. quickly followed with the application with LC and 2 companies (Mutual of Omaha, Lending) with Costco Refi referrals. LC has been silent, and Mutual of Omaha gave me a 3.75%. 15 yr. They said it is a higher rate because its a cash-out. Our LTV ratio is 52%.
What are my next steps? Should I lock with Better now or wait until I have more LE's.
TY!
Loan Depot beat their offer slightly after submitting the Loan Cabin loan estimate. An apples to apples comparison (since Loan Depot charged a $1,595 origination fee) with Loan Cabin is a 2.5% rate with $5,800 in lender credit.
Either option would end up with money in my pocket to go toward escrows.
I've submitted both to Better and hope they can match or beat it.
Sign up for a Slickdeals account to remove this ad.
I have recurring payment setup and works last month but this August 1st they still havent auto deduct it? Its already Aug 3. Should i call them or its just happened Aug 1st was Saturday.
Leave a Comment