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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"Hello, this is Jackson with Better Mortgage. I'm reaching out because I wanted to touch base regarding your application with us using the American Express Promotion for a $2,500 statement credit and $550 appraisal voucher. Please do not hesitate to reach out with any questions or concerns."
Somebody is in trouble if amex or better does not honor the $2500 credit after confirming my file is marked with it and advertising with it before rate lock.
It was well after the $1000 -> $100 terms changed.
I wasn't expecting the $1000 beat but he did it somehow.
It was well after the $1000 -> $100 terms changed.
I wasn't expecting the $1000 beat but he did it somehow.
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I for one have had random changes made by me to he Title lol so I am always in the not-so-normal category and except for this time around where Better did not communicate things and was just sitting there along with Radian not sending information correctly and me deciding to change the deed caused almost a 2 week turn around in all of it. If you look up Radian reviews (I just recently did) and you'll see the same thing that their reviews are horrible and many of those reviews have other things going on.
Once of the biggest issues you run into is not the Title company itself but the Notary/Closing Agent that they hire who are freelancers and will either not communicate or will have other delays purely on their end and so tight closings have a potential to become nightmares as many of them book crazy back to back closings as they get paid flat fees to close each one.
Once you decide to go with these low cost Title Companies I'd suggest staying on top and emailing a contact or calling them on a reasonable time frame (2-3 days) to see where the process stands such as Order Placement, titlework search, clear to close from their end to the lender etc...even after that stay on top of them setting up an appointment and finding you a closing agent.
Shahhere
I work in commercial real estate and review title commitments and work with title companies almost daily. I can generally feel out good escrow officers pretty quickly.
I reached out to an email address I found for my local Valero office and she sent me a link to their title calculator. It is calculating the discount incorrectly. I emailed her screen shots from their calculator and screen shots from a different calculator (I actually looked at 3 others) and she said they were all just estimates but they have the lowest fees.
The lady from Valero emailed again stating "the credit is off the current amount you will he financing" which is incorrect from what I am seeing elsewhere. I'm concerned that if they do not understand how the credit works, what else are they going to mess up. Also, if they somehow come to closing with the incorrect credit, the difference is actually more than $200 for me, which is what a reputable title company is charging.
While I would like to save $200 for the escrow fee, there seems to be too many red flags for me to use Valero for this transaction.
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With today's update, if you locked your rate June 19th - June 24th, you now qualify for a 0.125% float because the index dropped 0.25%.
** If you applied after June 25th, you do NOT qualify for a float down yet. **
What is unknown is if you got a match after locking, will your original lock date apply or will the Thursday after the match apply?
Also unknown is if you lock on a Thursday. The way it was reported about 30-40 pages ago is the rate on the Thursday after you lock is what is used. But perhaps if you locked on Thursday, that rate is the one used.
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