07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Hopefully the worst case scenario is they bump me back down to 2.875%, in which case I would still net over $10k. They did issue an ICD for 3.5% with the bigger lender credit, so I am hopeful it will...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I'm starting to wonder if the LO you get with LC makes a difference on the timeline. I went into underwriting 3 days earlier than you on 9/25 and today marks 90 days since I locked my rate. My LO...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Dont know about the expense vs income question (never looked into it frankly).
As for the closing costs and the credit due is largely dependent on lender first. Lenders such as Better limit it...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Can you PM his contact info?
May be send Loan Depot info too if you have it.
Thank you!
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Was this just today you were told? I'm not even in underwriting yet...still waiting. 60 day lock expires today. So if I get into underwriting say Monday...I am looking at another 60 days in...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I thought someone did post here a couple of weeks ago about getting a float down.
You should definitely be eligible, but they don't offer you a float down until you're around 10 days from closing....
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I'd be stoked to get that deal- seems good to me!
One thing I never thought of before - loan amount. Mine is under 300k, I wonder if that's why my rate isn't the best.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Submitted the app with Interactive Mortgage yesterday and was able to secure 1.99% for a 15 year. I’ll have to close my HELOC but, not a big deal. I’m planning on establishing another as soon as we...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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When I locked in Mid Oct, thinking to beat the Dec1 deadline; LD said it is already baked in the quote.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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What are normal refi costs? i got a quote of like $10k origination and $3k points
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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before i burn a credit inquiry. can anyone inform me of the latest quotes being given:
my current loan:
California property.
296K loan
500K value
credit score + 780
currently 2.625% apr 30 yr ...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Submitted to underwriting on 9/15 or so, closed on 11/6
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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5,912 Replies
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Thanks!
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I have another Loan Cabin Update today and it's pretty crazy.
Apparently my home will need a 1004D appraisal, it's a drive by appraisal to see if there is any fire damage (There is no damage lol)...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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These are fees being charged to close (so a cost of doing the refinance).
I assume your question isn't related to this but is related to interest due.
Payoff Demand Statement Fee: 25.00...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I am getting:
2.75 through raterabbit no closing costs, 60 day rate lock which they are saying they would extend to 90 days no cost. Said no one is closing loans under 30 days...
2.875 no cost...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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For people shopping title costs, I found fidelity has an instant online estimate generator:
https://rates.fntg.com/?brand=fidelity
It was more expensive for me than what my lender provided, but...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Hi all, my husband and l almost made it through a refinance (even signed with a notary) and the lender came back saying our debt-to-ratio is too high and would we mind paying off some low balance...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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You seem pretty fortunate with LC. I locked on 7/19 with Bob and my current status "Sent to Processing" shows 10/7. Bob told me that the website status is not accurate and that I'm actually in...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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My Bayshore (Dave Pressel) experience:
09/07 - Loan app entered online
09/08 - Initial disclosures + LE rec'd
09/10 - Uploaded all my docs
09/25 - Conditional approval rec'd
10/05 - 2nd...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I did this exact thing with Better in my last refinance. I didn't affect any of my credits and nothing was questioned by underwriting. I suspect that it didn't affect anything because my loan...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Thanks for update. My closing date is 11/2/20 but I am assuming it won't be until December if that.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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5,912 Replies
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Hmm original rate was 2.625%...went up to 2.75% for a $5,800 credit. I'm not sure how this float down option works ....would rates need to be better than the 2.625% I originally locked?
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Has anyone seen 30 yr 2.375% on their Better rate sheet? I'm thinking 2.5% is their system's lowest right now.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Totally understand your feelings, but if you wanted to stick it to them you could have them do the refinance and then refinance it ASAP once you get a better deal, and if it’s within 6 months they...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Looks to be a no cost refinance based on the fees and the lender credit at 2.5% for your $254,000 loan.
Looks solid!
Shahhere
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Watermark just got back to me last Friday too after a month and a half. I sent them a LE from competitor, and they've gone MIA again since.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Appraisal Appeal
Anyone went through appeal process with appraiser after appraisal chime in on the timelines for the appeal process and how successful they have been in getting the appraisal value...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Heard from my friends - US Bank is good. Big bank and no issues.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
+133 Score
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There's no consistency.
I closed with Better barely a month before my property taxes are due, and Better did not collect prepaid property taxes.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I had a refinance closed 3 months ago for 30 years at 2.75% at zero closing.
Thinking of doing another round. LTV at 70%. Has anyone got any quotes this week or previous? Where are the 30 years...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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This thread and community have been a godsend for this process. Can't thank you all enough for the wealth of information here! I don't know if my experience is atypical but here's my timeline so far...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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I know that I am technically allowed to pick my own title company, but I have asked my Better processing expert multiple times to use Radian. Every time they have responded that their title company...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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Those who have recently closed with Loan Depot or have a firm closing date, can you please post timeline?
TIA!
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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who did you get that from? can you share the contact?
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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5,912 Replies
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Locking a refinance rate with a lender doesn't mean I have to close with them? Correct? I can lock with several lenders but pick the best lender for closing?
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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5,912 Replies
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They will refund you the money during closing.
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
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5,912 Replies
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Correct. I don't mean this to be snarky, but reading it helps it make logical sense: they can't force you to borrow money from them.
Some (Better, LD, etc.) will require an appraisal deposit. If...
07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)
Thread created 07-04-2020 by shahhere
+133 Score
5,912 Replies
889,131 Views
Just wanted to share my experience since this thread has been so helpful.
Location: Northern California
Loan Amount: $369k
LTV: ~62%
Credit Score: 800+
Rate: 30 year @ 2.5%
ABCE = $900...
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