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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Dont know what part you are referring to but even dealing with Arnold you have to continue to lock and then in that stage request a PM especially if its a big pricing difference. That's when you'll have better luck.
My brother was denied PM with Arnold. I asked him to go ahead and lock and the very next morning he sent in a PM and guess what same exact document was approved lol.
Shahhere
What I mean is that get Better to Match your other lenders but not match you own Title company. All other lenders were around $2200 and Better was around $2294 with the initial estimates.
I use Radian and so the quote I had already received and the pricing that they sent back to Better was $142x so all matches after that would have been compared to that.
Shahhere
Loan Cabin: A+B+C is $4,102 with a lender credit of $5,400 (should eventually be slightly less as their listed escrow fee is high).
Loan Depot: A+B+C of $5,907 with a lender credit of $7,421
Better: A+B+C is $3,840 with a lender credit of $4,999. The $2,500 Amex statement credit would be in addition the lender credit.
Given the Amex promo, Better seems like the best offer/option.
I forgot to mention, I initially put in an application and was assigned Arnold. He refused to match an offer of 2.5% with a $2k credit. I put in another application right before the promo was to expire and locked at whatever was offered at 2.5% and sent the competing offer to my processing expert and she has been very quick to respond to me.
I locked in 7/16 and the loan processor will not make any adjustments to rate - citing there is nothing lower than 2.75% on my rate sheet. I even presented an LC LE at 2.625 with higher credit. I've passed title search and now waiting for my 2nd loan to subordinate, so expect to close by 8/15. My credit hard pull was 7/14.
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Received credit for all 3 - Amex EveryDay, Hilton, Delta cards (all no-fee cards) on Aug 3rd
Date of credit - July 27.
Applied for a repeat for one of the loans (rental condo - previously I did a cash out refi and hence my rate is a bit too high) just before the deadline - waiting for a good competing offer to match with Better to try to repeat. If not, I'm good
I locked in 7/16 and the loan processor will not make any adjustments to rate - citing there is nothing lower than 2.75% on my rate sheet. I even presented an LC LE at 2.625 with higher credit. I've passed title search and now waiting for my 2nd loan to subordinate, so expect to close by 8/15. My credit hard pull was 7/14.
I'm very vocal about the fact that i dont fault anyone for having multiple conversations going on with multiple letters eager to proceed. So what if you have to cancel, you may get such a great LE that you go with another place? I never worry what they think of me nor did I for my refi.
Closed 5/1
Had to call amex digital asset team last week to open an inquiry, as mentioned earlier in this thread, as it's been past 12 weeks.
Finally got credit today 8/4.
LD said they can close this Friday, but since I decided to match LC at 2.5%, but it's not an exact match. They could only give me $2600 instead of $4700 on 2.75%. With 2.75% literally, I don't have to pay anything. Everything from the lender credits paid for A+B+C even E+G+H. Basically even with the pay-off included, my loan amount was low and I got $200 bucks back.
With 2.5%, they reduced lender credits. This is where fees cropped up and loan amount increased by $1800 since lender credits was decreased by $2k. But the upside is that I can close this coming Friday and loan can fund next week.
with LC, I got $3K and their A+B+C is only $1200, which I still have $1,800 dollars left to apply toward loan amount. But they're hardly responded now after I've submitted all paperwork. Moreover, their rate on LE is 2.49, which is kinda odd comparing to all other lenders. Since they haven't responded for a few days now, not sure how soon they'll be able to close.
Should go with LC or with LD? with LD, I'll have to bring in about $1600 to close if I want to lower the loan amount. This $1600 is to cover enough balance to pay the pay-off amount as well as per diem interest
I didn't discover till someone sent me a PM because the same thing happened to them and they have not signed any papers either.
This is a big deal for those of you trying to use their LE to get Better to match.
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Closed 5/1
Had to call amex digital asset team last week to open an inquiry, as mentioned earlier in this thread, as it's been past 12 weeks.
Finally got credit today 8/4.
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