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
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15 Year $316K TX loan, 69% LTV
Rate - 2.25%
Total Closing Costs: 1734
Lender credit: 944
Out of Pocket : 1734-944 = 790
Amex Rewards : 2500
Rate locked on July 11th
Closed July 28th
This is my second refi, closed the first refi June 13th
Refi 1 (rental):
May 27 - Rate Lock, Appraisal ordered
May 28 - Title report ordered.
May 29 - Appriasal completed
May 29 - Appriasal report received
June 1 - Appraisal cleared, title rpoert received.
June 2 - Title report cleared.
June 9 - Ready for closing email received
June 12 - Closing disclosure accepted
June 16 - Closing docs signed at home
June 18 - Funded
June 19 - Payoff confirmation received from curent lender
Aug 4 - $,2500 Amex statement credit
Refi 2 (Primary)
May 16 - Rate Lock
May 18 - Conditionally approved
June 11 - Ready for closing email received
June 14 - Closing disclosure accepted
June 18 - Closing docs signed at home
June 24 - Funded
June 25 - Payoff confirmation received from curent lender
TBD - $2,500 Amex Statement Credit
One Issue I am into right now is that my Title caused some issues and delays and I'll miss my lock date of 8/7. Anyone know how Better deal with this as I'd assume I'd have to pay some sort of a fee......Anyway to get that them to not charge me that?
Shahhere
Locked last week and sent in another nearly identical LE (from a different lender I've been shopping) and now Better came back on par.
2.50%, 30 yr, 79% LTV, ~270K, no escrow
A+B+C (D) = $1100
E+F = $480
$375 lender credit
Total cost = $1205 - $2500 AMEX = $1300 profit
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I officially applied and they ran credit on July 13th. I elected to float the rate and not lock at that time. I couldn't tell what was going on with my application as I submitted all of the requested information. I finally heard back from my loan officer on July 30th when I decided to lock. I received the updated loan estimate showing the lender credit yesterday.
I believe they are overwhelmed with applications and it is taking them a while to get back to everyone. They offered the best rates initially for my situation so I've stayed the course with them.
I've been told they offer a one-time free float down if rates drop but when you request that, you must be ready to close within 15 days.
Now when I see the rate sheet I can see 2.5% for 20 yrs with enough credit (1800) to cover the loan costs. What do you guys suggest? Should I lock in and is there more scope ?
That said it's been a week since I applied with LC and WM, totally did not even hear back. only NBKC, LD, better have sent loan proposals. I locked with both LD and Better (pulled credit 2x, diff day, UGH), but Better (Miguel) is not responding to the LE matching even after 2 days.
Should I apply with more lenders like lenderfi, etc.? Cause my cost - in SoCal - at 30Y, 2.5% 60% LTV, 760+ fico is nowhere close to whatever everyone else has posted up.
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