Search found 15 matches

by postal007
Thu Dec 03, 2020 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Just locked on 1.99% fixed for 15yr - No cost ReFi CA $577k - Value $2m+ All with Interactive Mortgage - https://www.interactivemortgage.com/ Super quick and efficient so far Quick update - All going well so far. Looking to close in next 10-15 days. FYI, you’ll likely be delayed in the loan funding...
by postal007
Tue Dec 01, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Are folks starting to see an explicit pricing in of the new "adverse market fee" from Fannie/Freddie? I thought lenders were already pricing this in, but just got a loan estimate from Interactive Mortgage for a 2.375% "no cost" mortgage with a 0.5% fee tacked onto it. It's curren...
by postal007
Mon Nov 30, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Those working with Interactive Mortgage, if you get Eric Park please stay away. He's a complete d-bag. About 3-4 months ago I had locked with both IM (via Eric) and Owning for my last refi, and Owning ended up giving me a better offer so I withdrew from IM (I was pretty open that I was shopping at ...
by postal007
Mon Nov 30, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Those working with Interactive Mortgage, if you get Eric Park please stay away. He's a complete d-bag. About 3-4 months ago I had locked with both IM (via Eric) and Owning for my last refi, and Owning ended up giving me a better offer so I withdrew from IM (I was pretty open that I was shopping at t...
by postal007
Mon Sep 28, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Update from me on my experience with Owning. 8/30 apply online, phone call within an hour. 9/1 lock 9/9 a few phone calls asking for documentation, underwriters don't like something. 9/10 sign closing docs. I know at this time that I'm not through underwriting. Don't send any cash. 9/14 and 15 unde...
by postal007
Wed Sep 23, 2020 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Update from me on my experience with Owning. 8/30 apply online, phone call within an hour. 9/1 lock 9/9 a few phone calls asking for documentation, underwriters don't like something. 9/10 sign closing docs. I know at this time that I'm not through underwriting. Don't send any cash. 9/14 and 15 unde...
by postal007
Wed Sep 16, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

I'm currently in the process with Owning. Applied on 9/1 and will be signing closing docs with the notary tonight. I've read some people mention that Owning will move forward with closing docs before the loan being approved by underwriting. Anyone want to share their experiences with that? Is there...
by postal007
Sat Sep 12, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

In CA, LTV 30%, $585K loan on $2M value. FICO 800+. Best rate I see is from LenderFi at 2.375% no cost for 15 years. 2.625% no cost for 30 years. Anyone see anything lower (I do see above a bunch of people getting 2.25, 2.125% no cost), so wonder what is up. thanks! Interactive Mortgage is advertis...
by postal007
Fri Sep 11, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Can you lock with two lenders? Is there any reason to do so, if the rates are the same and appraisal is waived in both cases? E.g. concerns over time to close? Does it matter at all if one lender is a broker (i.e. LenderFi) and another is a direct lender (e.g. Loan Depot)? There's nothing preventin...
by postal007
Wed Sep 02, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Just wanted to give another data point here, since this thread is so helpful. State : CA Loan Amoun t: $565k LTV : ~40% Current Rate : 2.85% (First Republic) on a 30 year fixed I had just refied earlier this year with First Republic, but rates kept dropping, so was looking for a no-cost refi on ano...
by postal007
Wed Sep 02, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Just wanted to give another data point here, since this thread is so helpful. State : CA Loan Amoun t: $565k LTV : ~40% Current Rate : 2.85% (First Republic) on a 30 year fixed I had just refied earlier this year with First Republic, but rates kept dropping, so was looking for a no-cost refi on ano...
by postal007
Tue Sep 01, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Just wanted to give another data point here, since this thread is so helpful. State : CA Loan Amoun t: $565k LTV : ~40% Current Rate : 2.85% (First Republic) on a 30 year fixed I had just refied earlier this year with First Republic, but rates kept dropping, so was looking for a no-cost refi on ano...
by postal007
Mon Aug 31, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Just wanted to give another data point here, since this thread is so helpful. State : CA Loan Amoun t: $565k LTV : ~40% Current Rate : 2.85% (First Republic) on a 30 year fixed I had just refied earlier this year with First Republic, but rates kept dropping, so was looking for a no-cost refi on anot...
by postal007
Sat May 16, 2020 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8176
Views: 571011

Re: Refinance Mega Thread

Closed on a refinance on Monday for 2.85% for a 30-year fixed at First Republic. Locked in mid-March, right as the SIP orders were coming in, finally closed (~50 day closing). Rate: 2.85%, 30-year fixed Points: None Closing Costs: ~$2500 third party costs and recording costs (waived $600 origination...
by postal007
Thu Feb 27, 2020 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 636
Views: 93327

Re: Relationship mortgage discounts for moving a million assets

I got a 3.125% rate at Chase with $250k deposit requirement (Chase Private Client) on a 30-year fixed, high-conforming. Used CashCall quote to match, and pitted them back and forth to get Chase down. Only a slight credit, but closing costs are ~$2k (removing prepaids).