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BarDownHockey

I of curiosity, how hassle free are the other cards when actually putting in a warranty / protection claim? AMEX has been very hassle free and accommodating when using these benefits. Other cards have been a significantly bigger hassle / flat out rejection when trying to use the same benefits as th...

BarDownHockey

I have two questions about Loan Estimates and lender credits: 1. Let’s say you have a LE that shows total costs of $3,950 and a lender credit of $4,000 (so I’d be paid $50 to refi). If I find an alternative title company that’s $500 less than the lender’s (I.e. the total costs drop to $3,450), shoul...

BarDownHockey

For those comparing between the Preferred and Everyday cards, check your benefits. Amex dropped a lot of stuff from the Everday card in 2020, like return protection and other such things.the Preferred card still has these. I'm not sure those benefits are really worth $95/year, though. Amex return p...

BarDownHockey

Who is the other online lender? Loan Depot Loan Depot has been very good to me (for the 4 months I held a refi with them - just funded a new refi not with them today). I don't think Chase is sending you red flags, but more so that they are a huge bank and are therefore super slow to make any change...

BarDownHockey

Who is the other online lender? Loan Depot Loan Depot has been very good to me (for the 4 months I held a refi with them - just funded a new refi not with them today). I don't think Chase is sending you red flags, but more so that they are a huge bank and are therefore super slow to make any change...

BarDownHockey

anon_investor wrote: ↑Tue Jan 19, 2021 11:48 pm Who is the other online lender?

Loan Depot

BarDownHockey

Anyone working with Chase and know if there’s any truth to what I’m being told here? Apparently they are having trouble getting the new 2021 conforming loan limits into their systems. They offered to beat a competitors LE and I locked in a rate with Chase based on a LE they sent that maxed out at la...

BarDownHockey

It also seems as though the system might be cycling on and off more frequently, but that's hard to know for sure since before it was previously easy to just tune out, and now I notice it every time it turns on because the air return vent is immediately next to my home office. Keep an eye on this. A...

BarDownHockey

bikechuck wrote: ↑Sun Jan 03, 2021 8:10 pm
bhluckyusaguy wrote: ↑Sun Jan 03, 2021 7:10 pm I live in the Northeast too. Lived in a house from 2006 to 2106 with a sump pit but no pump with no leaks or water seepage at all - even during SuperStorm Sandy.
Wow, 100 years with no water in the basement, you must have had great construction. Who was your builder?

Biff Tannen

BarDownHockey

Thanks for suggestion. Lenderfi online quote has me at 2.5% with $3000 closing costs and loan depot doesn’t give quotes online but filled something out so they will contact me. I might also shop with better.com and see if they will beat any of these rates. My credit is excellent so I think I can Ge...

BarDownHockey

Applied with lenderFi just now and the 2.5% rate I see comes with $3000 in closing costs. I have a conforming loan amount of 465K, excellent credit and a LTV of 80%. Sounds like some people are getting closing costs covered at 2.5. I filled out the online form, so imagine they will contact me. Hope...

BarDownHockey

Anyone have recommendations on going with Loan Depot vs LenderFi? They've both effectively matched each other LE's so there's no $ difference for me to use one or the other. Having never used either of them, I'm not sure if one's "better" than the other or if there are other reasons to co...

BarDownHockey

Anyone have recommendations on going with Loan Depot vs LenderFi? They've both effectively matched each other LE's so there's no $ difference for me to use one or the other. Having never used either of them, I'm not sure if one's "better" than the other or if there are other reasons to co...

BarDownHockey

Anyone have recommendations on going with Loan Depot vs LenderFi? They've both effectively matched each other LE's so there's no $ difference for me to use one or the other. Having never used either of them, I'm not sure if one's "better" than the other or if there are other reasons to con...

BarDownHockey

For folks on their 1st refi with LenderFi, how long did it take to hear from them after you went through the initial “apply now” process on their website? The rates listed there are great compared to what I’m being quoted elsewhere and I’m anxious to get an actual quote / estimate from them. The lo...

BarDownHockey

For folks on their 1st refi with LenderFi, how long did it take to hear from them after you went through the initial “apply now” process on their website? The rates listed there are great compared to what I’m being quoted elsewhere and I’m anxious to get an actual quote / estimate from them. The loa...

BarDownHockey

After going to “Apply Now” on LF’s website and submitting all the information they require, how long does it take to hear back from the Loan Officer? I got the canned “confirmation of receiving your information and we’ll contact you quickly email” but haven’t heard back from them (or my email to the...

BarDownHockey

For folks who had luck getting an appraisal waiver, are there truthful ways to submit an application / ask a lender which increase the likelihood of getting a waiver? For example, I believe I read that conforming mortgages on homes over $1M in value need an appraisal. If your mortgage is well below ...

BarDownHockey

That's a really helpful thing to know! Thank you.

BarDownHockey

What's the best way to evaluate whether or not it's worth paying down a jumbo mortgage to the conforming loan limit to refinance into a better rate? To (try) and keep it simple, assume the following: - Jumbo mortgage is at 3% / 30yr (30 yr clock just started) - Moving from jumbo down to the top of t...

BarDownHockey

Damn it this is hard. I’m getting quoted 2.5% with 0.25 points and no other closing costs or 2.625 and no closing costs. I’d have to give up my Mortgage Credit Certificate though. I’m currently at 3.25% on a 492k Mortgage. What would you do? Do the 2.625% so that you’re not paying any costs. If rat...

BarDownHockey

Damn it this is hard. I’m getting quoted 2.5% with 0.25 points and no other closing costs or 2.625 and no closing costs. I’d have to give up my Mortgage Credit Certificate though. I’m currently at 3.25% on a 492k Mortgage. What would you do? Do the 2.625% so that you’re not paying any costs. If rat...

BarDownHockey

First post on Bogleheads, but really loved the book. I'm about to jump on a refinance option but I wasn't sure about the practice of rolling over my G. Initial Escrow Payment at Closing which is moved into the loan as a lump sum. Is this standard practice? I'm confused on how the closing costs are ...

BarDownHockey

I've been trying to wrap my head around what seems like it should be a very simple concept, but I've got my head completely wrapped around the axle on this one. What do you consider your portfolio? There's thousands of threads on here about asset allocation, where posters says things like "my p...

BarDownHockey

Holy cow. To me it looks like there are a lot of redundant or unnecessary fees in LC's LE. In addition to poking around some websites, you could try requesting a quote from Amrock. I just had to email clientrelations@amrock.com with the address, loan amount, name of lender, and the fact that it's a...

BarDownHockey

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BarDownHockey

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BarDownHockey

Whenever engaging the services of a company I always ask them to provide me a copy of their insurance policy to ensure they have current, proper, and adequate insurance coverage for them and me. I don't take their word for it. Agree fully. I obtain a copy and then contact the insurance company to v...

BarDownHockey

Most of the mortgage and disclosure process is pretty transparent, but I think the payoff component can be misleading like you are seeing. Inside my payoff were two fees that didn't show up in my disclosures other than the lumped payoff amount. One was a satisfaction fee which I understand is requi...

BarDownHockey

Man what a forum. gotta hand it to you guys this has been a game changer. Current loan % 4.375 $ 523.5K (507.5K left) I had originally 4.875 549K refi 1 year ago. offers: Lender A) 2.875 30 Yr fixed 508K cost of $3,331 migh waive appraisal Lender B) 2.875 30 Yr fixed 508K cost of $2343 waived appra...

BarDownHockey

Hi all, I have a dependable care FSA, which we were planning on using for day care. But due to Covid, situations have changed and we are not going to send our baby to day care. I have already stopped making contributions to the dependable care FSA, but don't have any good ideas on how to spend the ...

BarDownHockey

I appreciate the replies. I think I needed to hear from someone else that I wasn't crazy for feeling duped by this all (or to help explain to me why I was in fact going crazy). I just got off the phone with the loan officer and between me telling them I wouldn't sign yesterday, complaining upwards y...

BarDownHockey

First, there is no reason for things like this to "come up at closing". You are entitled, upon request, to inspect the final HUD-1 Settlement Statement one business day prior to closing (https://www.consumerfinance.gov/policy-compliance/rulemaking/regulations/1024/10/). If you didn't do t...

BarDownHockey

How much is the fee? Is it hundreds? Thousands? If less I would pay and be done. It’s $380. And yes, I’m stuck on the principle of this too because what’s the point of all the disclosures if someone can bury additional fees in the payoff? What’s to stop the title company from, for example, padding ...

BarDownHockey

You need to contact your title company or lawyer doing the closing. They will be able to explain each item. Do this before closing so there are no issues at closing. That’s the runaround I’m getting. It came up at closing and caused the closing to be cancelled (hopefully temporarily). The title com...

BarDownHockey

Thanks for explaining the appraisal intermediary. For my other question, I actually don’t have an issue with the recording fee (#3). It matches what my county charges. The release fee is properly included in the payoff and new recording fee is also separately listed on the Loan Estimate in section ...

BarDownHockey

Has anyone had issues with the payoff amount? I just got my closing package and the payoff is no longer listed as a single dollar amount, but broken up by the components. The document shows: 1. Principal 2. Accrued Interest through closing date 3. Recording Fee 4. A single line titled: Additional Pa...

BarDownHockey

Thanks for explaining the appraisal intermediary. For my other question, I actually don’t have an issue with the recording fee (#3). It matches what my county charges. The release fee is properly included in the payoff and new recording fee is also separately listed on the Loan Estimate in section E...

BarDownHockey

I'm refinancing my mortgage and recently received my closing documents for review. I have two questions on what I'm seeing: Question 1: The payoff amount within the closing doc is no longer listed as a single dollar amount, but broken up by the components. The document shows: 1. Principal 2. Accrued...

BarDownHockey

I am getting 3.25% for full amount of $600 with Lender credits coving all closing costs. Given this, I think that paying down the loan amount to bring it to $510K save money. What is the breakeven time between: -the 15yr 2.375% and 2.5% -the 30yr 2.75% and 2.875% Using the 2.75% 15-year that I lock...

BarDownHockey

This thread has been godsend so thanks for all the tips! :beer I'm shopping a 30 year VA jumbo IRRL. I have one at 2.875 with no costs (A+B+C+E+Credits) and a second offer at 2.75 where my cost would be $800. These are from two different lenders who aren't willing to match each other at the equival...

BarDownHockey

I have a close friend who is looking to get a jumbo in Massachusetts. None of the online options mentioned in this thread or on slick deals seem to be doing jumbos. Any suggestions on where to go? He already has a signed offer so he is looking to move quickly. You’re going to have much more luck go...

BarDownHockey

I've been watching rates since March but due to outside forces haven't been ready to refinance yet. We're looking at a jumbo refi at approximately 70% LTV. Current rate is just over 4%!! Rates I've been seeing have been low 3s at little or no cost. With this new bs .5 money grab is there any expect...

BarDownHockey

For anyone who's gone through a refinance, how can you verify the payoff amount listed in the closing disclosure is accurate? The bank that currently services my mortgage has a payoff calculator once I log into my account on their website. When I enter the closing date, it shows a payoff amount that...

BarDownHockey

PNC is showing jumbo at 3% on their website. You could try calling and seeing if they can do better on the phone.

BarDownHockey

Anyone, outside of CA, having luck in the jumbo space (above the conforming limit)? I’ve been following this thread diligently for months and most of the talk has been with conforming loans and the race to the bottom with the interest rates on them (which makes more sense now with the recent discuss...

BarDownHockey

Hi! Does getting a HELOC impact refinance if it’s not used? I’ve seen question on sites asking “do you have a heloc” when you’re selecting “refinance” to get quotes. There not sure of it is seen as an issue. I want to take a HELOC but at really considering refinancing again considering many of you ...

BarDownHockey

As comparison, the loan estimate I got on Thursday, for a loan value of $718k at 2.75% had the following: A. Origination Charge: $0 B. Services You Cannot Shop For: $201 C. Services You Can Shop For: $1,000 E. Taxes and Other Government Fees: $187 Lender Credit: -$1,388 (covers all of the above. At...

BarDownHockey

Additionally the principal for your new loan should be the same as your current outstanding principal (there should be no increase in your principal). Is this true? Wouldn't the payoff amount for your current mortgage be the outstanding principal plus accrued interest from the latest payment date t...

BarDownHockey

JonnyDVM wrote: ↑Wed Jul 08, 2020 8:11 am Has anyone had any luck refinancing a jumbo? Lender-Fi is not doing them.

Try Chase. I haven’t gone through the refi, but they gave me competitive quotes.

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