Search found 84 matches

by Soares1234
Fri Jan 08, 2021 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Hi folks, I was curious to hear the forums thoughts/opinions on the refinance I'm currently doing with BoA. I'm a Merrill Lynch wealth management customer with over a $1M in assets in BoA/ML: Loan Type: NonConf Fixed 30 years Interest Rate: 2.875% Loan amount: $1,374,000 Property Value: $2,050,000 ...
by Soares1234
Mon Dec 28, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

pmorgan2020 wrote: Fri Dec 18, 2020 10:15 am I closed last week on my mortgage on a 30 year at 2.5 if rates drop further can I still reach out to other lenders and get a loan estimate and ask my current lender to match the rate?
Can you please share the lender?
by Soares1234
Mon Dec 28, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Hi all - I refinanced my Jumbo over the course of 5 months earlier this year at 3.125% and was feeling good about getting that rate with NFCU before they jacked up their numbers in response to demand. I'm pleasantly surprised to see the conforming loan limits increased to $548K next year as this is...
by Soares1234
Mon Dec 28, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Anyone had luck getting jumbo loan with a good rate. This is in CA. Loandepot said they don't do jumbo. Other quotes have high closing costs. Thanks owning.com says 2.875 no cost jumbos Last I checked with them, they had LTV restriction for that rate. You can definitely get it at 50% LTV but my 70%...
by Soares1234
Sat Dec 26, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Has anyone ever worked with AmeriSave and has a good contact they can share? Are they any good?

I punched in numbers on bankrate.com to get a sense of what lenders are showing and AmeriSave is showing 2.625 for 575k loan 80% LTV no fees.

Thank you!
by Soares1234
Sat Nov 14, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Owning sold my Mortgage at 2.5% to PHH Mortgage. Reviews say they are not very good in terms of customer service (fees, escrow errors, late Prop tax payments, etc.). I was looking at Interactive Mortgage at 2.35% no cost. It will cost me $600 after two refinances (recording fees, doc fees, etc). IM...
by Soares1234
Fri Oct 02, 2020 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Fellow expert refi’ers and buyers,

This might be a dumb question but can we apply our boglehead refi skills to the process of getting a mortgage - jumping through a million different banks throwing loan estimates around?

Asking for a friend 👀
by Soares1234
Fri Oct 02, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Jumbo Refi FYI

Consumer direct mortgage and CFBank were offering 2.875 on Jumbos. My loan amount is 580k. LTV 80%.
by Soares1234
Thu Sep 03, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

runner23 wrote: Wed Sep 02, 2020 4:20 pm Refi’d in March down to 3.125 30 year and waited 6 months per terms of refinance until I could again. Locked a no cost refi at 2.625 for 30 year today.
Loan amount, LTV, state?
by Soares1234
Thu Sep 03, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

batpot wrote: Wed Sep 02, 2020 4:15 pm Have a quote for 2.375% 30 year but with closing costs at 0.9% of the loan.

Currently sitting at 2.75%...about a 4 year break even.

Pretty much know rates can't go any lower, right?
Loan amount, LTV and state?
by Soares1234
Thu Sep 03, 2020 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

For those with $1 million in an investment firm and if they offer mortgages, I have heard 30-yr jumbo at 2.75% no pt. Not ideal, just a thought. Yeah, my contacts at big banks told me to wait until mid-September for new Jumbo pricing. The rates start so unattractive that even relationship pricing d...
by Soares1234
Thu Sep 03, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

For those with $1 million in an investment firm and if they offer mortgages, I have heard 30-yr jumbo at 2.75% no pt. Not ideal, just a thought. Yeah, my contacts at big banks told me to wait until mid-September for new Jumbo pricing. The rates start so unattractive that even relationship pricing d...
by Soares1234
Thu Sep 03, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Just managed to lock in a 2.5% refi fixed for 30 years. $1270 origination costs (section A) w/ $945 lender credit. $1624 section C costs, $884 of which is the lender's title insurance (in CT, rates are filed with the state so seem to all be right around the same price). Seems like my total costs ar...
by Soares1234
Mon Aug 31, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

fkruegelp5 wrote: Mon Aug 31, 2020 10:12 am Just closed today with my local mortgage company. I shopped around online with LenderFi, Better, and etc., but ended up going with my local mortgage officer who I worked with before. No fees -- 30 years @ 2.625%. Thank you everyone for the info.
Can you share lender or PM me? Thank you!
by Soares1234
Mon Aug 24, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

So kinda stuck in the middle and having a hard time figuring out if there is really any difference between the two offers... Loan 30yr fixed 249k at 2.625% LenderFi A+B+C+E = $2061 F+G+H+I = $3016 Total: $5077 (no lender credits) Better A+B+C+E = $2825 F+G+H+I = $1721 Total: $4546 - $839(lender cre...
by Soares1234
Mon Aug 24, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

For those looking for Cash-out and/or Loan Cabin info: I FINALLY received loan estimate from Loan Cabin on cash out refi. 2.50% w/$600 Lender Credit for 30 Year Fixed, 100k cash out, $510,400 loan. Current Mortgage is 410k, home worth ~$700k. A+B+C+E = $2776 Total Closing Costs (after Lender Credit...
by Soares1234
Sat Aug 22, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Quick question on my LenderFi closing. On my closing docs it says the payoff to my old lender is $531K in the payments and payoffs section. However, when I look at my account with my old lender it says that they received $528K. I initially thought the $531K was high but didn't worry about it becaus...
by Soares1234
Mon Aug 17, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

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. Try CFBank and consumerdirect mortgage...
by Soares1234
Sat Aug 15, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

This more for my knowledge - how do you determine that Jumbo is lower than confirming today? I don't see that in the MND link.. or I am probably not reading it right. Look for the "Jumbo 30" text on this page: http://www.mortgagenewsdaily.com/mortgage_rates/daily.aspx In the table showing...
by Soares1234
Sat Aug 15, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

I just spoke with someone at Watermark. They asked me where I heard about them and when I said Bogleheads, they told me that they've been having a lot of problems with people from the Bogleheads forum, who start loans, go through the process, and then bail at the last minute, wasting their time. So...
by Soares1234
Thu Aug 13, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Locked yesterday with Loan Depot at 2.625% 30 yr con LTV 74%. Appraisal waived. No escrow (apparently this does not make a difference in CA?). A = $1,595 B = $112 C = $1,470 Lender credit = $2,035 Any opinions? Should I move forward? LenderFi this morning said to go with it. Am new to refinancing b...
by Soares1234
Thu Aug 13, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Did anyone close with Watermark? I have a refi going with someone else at 2.75% I got a LE from watermark for 2.5% and tried to match but it didn’t work. I’ve heard not so good things about Watermark and I don’t know if this 2.5% will actually close. Unfortunately the company with 2.75% is a couple...
by Soares1234
Wed Aug 12, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

About two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages, and according to one broker, Parkside Lending and Stearns Lending are offering a 15-year-fixed rate as low as 1.75% to some mortgage brokers, depending on the relationship. HousingWire reached out to Q...
by Soares1234
Wed Aug 12, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

I just closed on my cashout refinance at 3.625% 30 years. I am eager to do another refinance to lower rates (3.25% no cost refi 30 years or 2.375% 15-year with about $3100 in closing costs). How long do I have to wait before refinancing again? My current lender said 6 months but I read over all the...
by Soares1234
Wed Aug 12, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

chem wrote: Wed Aug 12, 2020 5:00 pm Got a 2.5% rate quote on 30-year fixed with 0.24 (%) points origination from LenderFi today, using the backdoor link posted in this thread. Thanks thread. This was broadly competitive against other quotes I received today/yesterday.
What was your loan amount? LTV? Credit score?
by Soares1234
Wed Aug 12, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

I've been lurking but thank you to everyone for the information. I am re-financing with my local lender who financed my mortgage last year. First quote was on July 13: $458,000 about 88% LTV 2.875% - $1800 lender credits covers all the fees Estimated closing of end of August Then shopped around onl...
by Soares1234
Tue Aug 11, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

newbiead wrote: Tue Aug 11, 2020 4:58 pm
VCC wrote: Tue Aug 11, 2020 4:22 pm UWM announced today they will offer 1.99 30yr mortgages. No idea how many points that will require.
Where can we find who is going to offer this? Looks like their website is mostly targeted for brokers.
Search UWM in search box at the top. It will lead you to replies with link.
by Soares1234
Tue Aug 11, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

VCC wrote: Tue Aug 11, 2020 4:22 pm UWM announced today they will offer 1.99 30yr mortgages. No idea how many points that will require.
Sent emails to lenders in Boston. Will let everyone know what they respond with. (My Details: 80% LTV, 580k balance 30Yr fixed. 3 family)
by Soares1234
Sun Aug 09, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

cowbman wrote: Sat Jul 25, 2020 9:34 am I have a rental property where I have an offer for 2.625% on a 15 year with $672 of points, 2.75% with a $672 credit, or 30 years at 2.875% with $672 of points.

Thoughts?

Thanks
Can you share the lender/s?
by Soares1234
Sun Aug 09, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Hi All, sorry may be off topic, looking for suggestion please, trying to refinance rental property, balance is $290k at 3.25% but loandepot shot me down saying there is no way to lower from that rate due it is investment property. Is it even true? Thank you, Goosh Hi, I think someone mentioned rate...
by Soares1234
Sun Aug 09, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

HappyJack wrote: Sat Aug 08, 2020 3:43 pm Is it possible to refinance without having an in-home appraisal
I believe so with single family homes. Google Fannie Mae or Freddie Mac appraisal waiver
by Soares1234
Sun Aug 09, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Hi All, sorry may be off topic, looking for suggestion please, trying to refinance rental property, balance is $290k at 3.25% but loandepot shot me down saying there is no way to lower from that rate due it is investment property. Is it even true? Thank you, Goosh Hi, I think someone mentioned rate...
by Soares1234
Sun Aug 09, 2020 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

I suspect rates will start to go up soon. It is true that the rates will eventually go up. But how quickly? Several weeks ago, Feds chair said that "We’re not thinking about raising rates, we’re not even thinking about thinking about raising rates." Even a mortgage company like Better sen...
by Soares1234
Fri Aug 07, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Does anyone have names of lenders offering jumbo rates? I’ve checked with better, owning, and many of the others mentioned on the thread and no one is doing jumbos. Curious if anyone has been successful getting a no-cost jumbo at 2.5 -2.625. Or maybe I’m chasing unicorns... Im researching and will ...
by Soares1234
Fri Aug 07, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Hello, PA resident here trying to refinance $200K on a house worth $350K. Was offered 2.375%, 30-year fixed, with net closing cost of $3500, no appraisal. Initial offers from Better.com and LenderFi are more expensive. Is this a good offer, or should I shop around more? Thanks in advance! Please sh...
by Soares1234
Fri Aug 07, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

spbos wrote: Fri Aug 07, 2020 1:05 pm For zero closing, zero points, no cash-out, 510000, 60% LTV, 30-year loan, can I say 2.5% is the best rate available now? Please help. I am about to pull the trigger. Thank you.
Please share lender!
by Soares1234
Thu Aug 06, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

I sent an inquiry on watermark and no response. Can someone PM a contact at WM whom I can email?

Thank you!!
by Soares1234
Thu Aug 06, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

We're about to have our second appraisal in two weeks. Each potential lender requires a separate appraisal, it turns out, though one Loan Officer said he once had another lender share an appraisal. It seems wasteful, but is apparently required by Fannie Mae for any home valued over $1 million. Is t...
by Soares1234
Wed Aug 05, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

calabel wrote: Wed Aug 05, 2020 12:12 pm
Slama40 wrote: Wed Aug 05, 2020 11:49 am Wow, that seems like a great quote. Can you give the investment property details? I couldn't get a quote for an investment property refinance (4-plex or duplex).
SFH with purchase price around 300, rate is from a local brick and mortar bank
What was your downpayment?
by Soares1234
Wed Aug 05, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Thanks to this thread I applied with LenderFi. I’m in Texas and locked in a 30 year at 2.375 with no points. I was extend this rate yesterday, too. I'm in Pennsylvania. LenderFi seems to do things a little different than others ... no LE yet, I had to upload several documents (W2, Mortgage Statemen...
by Soares1234
Wed Aug 05, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

VCC wrote: Tue Aug 04, 2020 7:55 pm FYI, for those of you with student loans, Fannie Mae allows lenders to offer cash out refis at the lower non cash out refi rate if the cash out is used to directly pay off the student loans. Overall cash out is still limited to 80% LTV.
Now that’s a good tip!
by Soares1234
Mon Aug 03, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Last week Better Mortgage declined to beat an LE from Loan Depot 30yr 2.625% with A+B+C covered by the lender credit. This morning, after little bit of haggling, I have received an updated LE from the same lender 30yr 2.50% with A+B+C+$550 covered by the lender credit. Does it make any sense to sub...
by Soares1234
Sun Aug 02, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Last month, I refinanced 510 k at 2.875%, 30-year ( from 4.5%). Today I got a 2.5% no points, no closing costs quote. Should I refinance now or wait for the rates to go down further? One approach is to refinance again now and, if needed, do it one more time later (if the rate hits 2%). What is the ...
by Soares1234
Mon Jul 27, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

One has to wonder how many folks would be far better off just adding extra principal payments to their current mortgage payments vs doing a refi. This would have the same net effect for many without any refinancing hassle, also keeps one in control of the payment amount in the event of a job loss e...
by Soares1234
Mon Jul 27, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

cowbman wrote: Sat Jul 25, 2020 9:34 am I have a rental property where I have an offer for 2.625% on a 15 year with $672 of points, 2.75% with a $672 credit, or 30 years at 2.875% with $672 of points.

Thoughts?

Thanks
Who is the lender? I’m assuming you do not owner occupy?

Thanks,
Natalia
by Soares1234
Mon Jul 27, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

BrandonBogle wrote: Thu Jul 23, 2020 5:20 pm
Soares1234 wrote: Thu Jul 23, 2020 5:18 pm Hi everyone, I think we reinvented the mortgage industry
!!! I think they literally changed their processes because of this post!!
The question is if this is a good or bad thing?

I know right!! Only time will tell. But it’s kind of scary..
by Soares1234
Mon Jul 27, 2020 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

VCC wrote: Thu Jul 23, 2020 4:05 pm A coworker of mine today was offered by Watermark a 30 yr 2.625 w/ no closing costs or a 30 yr 2.5 w/ just under 1k in closing costs. Loan amount is just under 500k.
Can you provide the lender?
by Soares1234
Thu Jul 23, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Hi everyone, I think we reinvented the mortgage industry
!!! I think they literally changed their processes because of this post!!
by Soares1234
Wed Jul 22, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

Is this worth it? Better - 15 year $150k loan at 2.875% (Current mortgage 10 years left $121k at 4.25% combines with Heloc $28k at 3.25% (adj) with 5 years left). Closing Costs $5,500 and AMEX credit. I don’t think. 2.875 is around the same price of the 30yr. Search back a little. I am sure you wil...
by Soares1234
Wed Jul 22, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661203

Re: Refinance Mega Thread

I am closing on a mortgage on Friday. It is a conventional mortgage at 3%, which was locked at the end of last month. I’ve spoken with friends using the same broker that I used and they are getting 2.5% on new applications. My question is this - Is there a time frame that you are generally not allo...