Search found 47 matches

by jjhk121
Sun Jan 31, 2021 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Anybody get a 1098 yet from LenderFi? I refinanced twice in 2020, once with Owning and once with LenderFi. I've received one from Owning but nothing yet from LenderFi. Just got mine on Friday. Would you mind sharing LenderFi's tax identification number and their address on the 1098? I thought I pai...
by jjhk121
Sun Jan 31, 2021 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Anybody get a 1098 yet from LenderFi? I refinanced twice in 2020, once with Owning and once with LenderFi. I've received one from Owning but nothing yet from LenderFi. Is LenderFi your servicer? No, but prepaid interest was paid to LenderFi at closing. With Owning, they sent a 1098 for the prepaid ...
by jjhk121
Sun Jan 31, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Anybody get a 1098 yet from LenderFi?

I refinanced twice in 2020, once with Owning and once with LenderFi. I've received one from Owning but nothing yet from LenderFi.
by jjhk121
Thu Oct 22, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

LenderFi - loan approved and funded on Oct-1st. First payment is due on Nov-1st but did not get any instruction to set up auto pay to new loan, any noels in the same boat, I have contacted them few times but no reply at all. after 3 weeks of nagging with many e-mail today got one delegation to some...
by jjhk121
Thu Oct 15, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

I'm the same as you! Informed today that loan got sold to Amerihome. I'd be curious if others have experience as well. Online reviews are bad, but I always take those with a grain of salt as people don't review decent/good experiences with a large mortgage servicer typically. Edit: Here's one poste...
by jjhk121
Wed Oct 14, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Another Data Point: 9/29 - Disbursement date Today - Received email from post-closer with link to final disclosure and notice that my loan was sold to AmeriHome I was hoping it would go to Wells Fargo but also just happy that I never had to deal with LenderFi's servicing sites or have to mail a paym...
by jjhk121
Sat Oct 10, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

LenderFi's new servicing site seems to have gone live. The 'servicing' drop down lenderfi.com now shows two links, one for payments due before Oct. 31 and one for payments due on/after Nov. 1. The direct link for the new servicing site is https://lenderfi.servicingdivision.com/Account/Login . My loa...
by jjhk121
Mon Sep 28, 2020 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Ok guys, HELP! I just tried to apply for a LF Refi, 400k loan value, home is worth 600k+. Here is the message I got from the website. Due to COVID-19 and its economic effects, we are not offering loans above $331,760.00 at this time. Please revise your loan amount to continue, or call your loan off...
by jjhk121
Sun Sep 27, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

May I request forum members to state the rates in specific format like: Lender/Term/Type/Rate/APR/Points/ClosingCosts LenderFi/30yr/Fixed/2.625/2.634/0/$700 Most loans discussed in this thread are no-cost or very low cost so this is not necessary. People here want to see the costs broken down in th...
by jjhk121
Fri Sep 25, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Has anyone had experience with LenderFi and appraisals? For some reason I couldn’t get out of appraisal in spite of approx 50% LTV. Fortunately, closing credits will cover cost. I locked on 9/16, uploaded documents on 9/17 and haven’t heard anything about scheduling an appraisal. I’m getting a litt...
by jjhk121
Fri Sep 25, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

New data point here. Signed LE on 9/20 Locked via phone on 9/21 Haven't heard anything else. Anyone wait this long to see locked paperwork after locking over the phone? I didn't get my locked estimate until 12 days after I locked verbally on the phone. After that though I was assigned to a good pro...
by jjhk121
Thu Sep 24, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Has anybody paid closing costs with a personal check? I owe about $900 cash to close and double checked with my processor the amount owed so that I could get a cashier's check from the bank. She said that for that amount I could pay with a personal check. I was surprised because I thought a cashier...
by jjhk121
Thu Sep 24, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Also, we are now scheduled for closing this Thursday 9/24 with the notary coming to our house, and funding supposed to be by 9/28. Assuming all goes well, it will end up being ~24 days from initial application to funding of the refi. Just closed with the notary, from Amrock/Silk Title. Everything w...
by jjhk121
Wed Sep 23, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

I'm done!! For data points: 7 weeks App to Funding. They told me it would be 3 weeks, so the additional 4 weeks was frustrating for me and cost me around $500 based on my old interest rate vs. my new locked interest rate. Also, I had to pay for a lender payoff statement twice. This cost me an extra...
by jjhk121
Tue Sep 22, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Has anybody paid closing costs with a personal check? I owe about $900 cash to close and double checked with my processor the amount owed so that I could get a cashier's check from the bank. She said that for that amount I could pay with a personal check. I was surprised because I thought a cashier'...
by jjhk121
Sat Sep 05, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

My lock expires on the 10th. My processor ordered my HOA docs on the 3rd but said that the turn around time is about 7 to 10 business days so they'll be extending the lock to accommodate that.
by jjhk121
Thu Sep 03, 2020 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I have lost faith on LenderFi's ability to execute. Rate lock expiration has come and gone. Still in line to be underwritten. They came back one time for more information which I provided. Super conforming, 2.5%, 75% LTV, CA, Lender Credit covers all costs, from a month ago. Will anybody match? Rat...
by jjhk121
Tue Sep 01, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

I want to say "Thank you" to everyone in this thread and mega-refi thread. Closed the loan with LenderFi yesterday at 2.5% 30 yr. Start to end exactly a month. Now just need to make sure I get my escrow amount back from Wells Fargo and the "few hundred dollars" that LenderFi pai...
by jjhk121
Sat Aug 29, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I just closed with LenderFi on Wednesday the 29th. I applied at multiple places over the course of a week approximately a month ago. I just had another hard credit pull show up on my report last night, presumably from one of the websites/lenders that had not yet gotten back to me with rates. Since ...
by jjhk121
Fri Aug 28, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I'm confused about having to pay property taxes at closing if you close within 60 days of when your property taxes are due. I'm currently on schedule to close with LenderFi around Sept. 5th which is within 60 days of when my first property tax payment would be due, Nov. 1st. I don't have an escrow ...
by jjhk121
Fri Aug 28, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I'm confused about having to pay property taxes at closing if you close within 60 days of when your property taxes are due. I'm currently on schedule to close with LenderFi around Sept. 5th which is within 60 days of when my first property tax payment would be due, Nov. 1st. I don't have an escrow a...
by jjhk121
Fri Aug 28, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

For those of you that have refinanaced more than one in 2020: does the second refi usually require an appraisal, even if the first refi did? Can they simply refer to the one completed just a month or two ago? I closed with Better Mortgage in mid-July. I couldn't get my appraisal waived for my first...
by jjhk121
Thu Aug 27, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Has anyone been able to get the appraisal requirement waived with Lenderfi? I couldn't get mine waived with LenderFi. My LTV is 74.5% and loan amount is $749.5k. When I was on the phone with my loan officer I heard him trying different things on his computer but his system wouldn't let him waive it.
by jjhk121
Thu Aug 27, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I've searched and searched without luck. Does LenderFi require a hard pull just to see rates? No, you can enter your loan amount and property information on their site and they will show you different options. Once you actually apply with a hard pull a loan officer will give you better rate/lender ...
by jjhk121
Wed Aug 26, 2020 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

LenderFi's front door is open again. https://www.lenderfi.com/ The Fannie/Freddie fee probably cut down on backdoor applications and let their team play catch up for the past week. I just wish my loan was farther along than the 'processing' stage before they opened the front door for applications ag...
by jjhk121
Wed Aug 26, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Owning.com seems to have responded to the FHFA fee postponement. They have gone back to no cost (same rate and APR) for now. Yesterday they were charging a 1 point origination fee.
by jjhk121
Tue Aug 25, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Rates had inched up in the days before the fee announcement anyways. I don't think this new announcement will affect much.
by jjhk121
Sat Aug 22, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

Just signed today, had a rough time with the loan processor through the entire process but at least thats over with. A few questions on the next week if people could chime in. Loan is supposed to fund on the 26th. Does this mean the loan will be paid directly to my current servicer? Come the first ...
by jjhk121
Fri Aug 21, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Thanks to this godsend thread, we closed our refinance last month - we got notified by Wells Fargo that they are the new servicer/lender. We set up auto payments- looking good. Now our old lender - Bank of America has not mailed us the overage check - escrow balance + any excess payments. We tried ...
by jjhk121
Fri Aug 21, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

LenderFi wasn't able to get my appraisal waived and they charged my credit card the $470 appraisal fee. So if the cash to close on my loan estimate is $517, I will really only need to ACH $47 ($517-470) on closing day, right? My LE is linked below. https://imgur.com/a/9orDIU0 When you get to the po...
by jjhk121
Fri Aug 21, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

LenderFi wasn't able to get my appraisal waived and they charged my credit card the $470 appraisal fee.

So if the cash to close on my loan estimate is $517, I will really only need to ACH $47 ($517-470) on closing day, right? My LE is linked below.

https://imgur.com/a/9orDIU0
by jjhk121
Wed Aug 19, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

I verbally locked with my loan officer on the 12th. He sent an email requesting documents right after hanging up. I uploaded my documents that same day. It's now been 7 days and I haven't received a locked loan estimate or rate lock disclosure to sign. Is this normal? Mine was the next day after ha...
by jjhk121
Wed Aug 19, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

I verbally locked with my loan officer on the 12th. He sent an email requesting documents right after hanging up. I uploaded my documents that same day.

It's now been 7 days and I haven't received a locked loan estimate or rate lock disclosure to sign. Is this normal?
by jjhk121
Tue Aug 18, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

Owning has some weird looking rates today. I assume this is because of the new Fannie/Freddie fee. Good news is that their 30yr fixed rates have actually done down from where they were the past few days.
by jjhk121
Mon Aug 17, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I locked my rate yesterday @ 3.30 pm PST with LenderFI. They said it will take 2-3 days to get LE. I don't know when the announcement was made about 0.5% fee. Do you guys think LenderFI will honor my lock rate with no closing costs? I am hoping so as they didn't mention anything about these fees wh...
by jjhk121
Fri Aug 14, 2020 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2122

Re: Home Appraisal in the times of COVID

Not much you can do as the appraiser has to come inside to do the job correctly. He/she will wear a mask, have everyone in the house wear a mask, open doors/windows, offer the appraiser hand sanitizer.
by jjhk121
Thu Aug 13, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

So how do I select which lender to contact to pursue a refinance? I see Better, LenderFi, LoanDepot mentioned alot. 30 year fixed 450,000 loan amount 60% LTV Refinance FICO score very high- 800+ No Debt Retired Living in NJ I am looking for the lowest closing costs, not the lowest rate. Currently a...
by jjhk121
Thu Aug 13, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I locked my rate yesterday @ 3.30 pm PST with LenderFI. They said it will take 2-3 days to get LE. I don't know when the announcement was made about 0.5% fee. Do you guys think LenderFI will honor my lock rate with no closing costs? I am hoping so as they didn't mention anything about these fees wh...
by jjhk121
Thu Aug 13, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

I locked my rate yesterday @ 3.30 pm PST with LenderFI. They said it will take 2-3 days to get LE. I don't know when the announcement was made about 0.5% fee. Do you guys think LenderFI will honor my lock rate with no closing costs? I am hoping so as they didn't mention anything about these fees wh...
by jjhk121
Thu Aug 13, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

There's no way to see the documents you've uploaded on their portal, right? Their document upload is portal is weird when you have to upload more than one of something. They asked for the last 2 pay stubs for me and my wife, so 4 pay stubs in total. I'll probably just end up faxing everything just ...
by jjhk121
Thu Aug 13, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162167

Re: My LenderFi refinance is going well

There's no way to see the documents you've uploaded on their portal, right? Their document upload is portal is weird when you have to upload more than one of something. They asked for the last 2 pay stubs for me and my wife, so 4 pay stubs in total. I'll probably just end up faxing everything just t...
by jjhk121
Wed Aug 12, 2020 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

https://twitter.com/NickTimiraos/status/1293706997297184772?s=20 http://www.mortgagenewsdaily.com/consumer_rates/951943.aspx "The FHFA, Fannie and Freddie's regulator, is implementing a new price adjustment for all refinance transactions of 0.5% of the loan amount (i.e. $1500 on a $300k loan)....
by jjhk121
Tue Aug 04, 2020 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

For 15 year in CA do you think 2.375 is reasonable to expect? For example if Owning.com states 2.5 (for larger mortgage size) should I wait for website to say 2.375 or should I apply anyway thinking they might drop their rates while I am in process before anything is locked. My agent at Owning clai...
by jjhk121
Fri Jul 24, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10003
Views: 704154

Re: Refinance Mega Thread

SoCal resident here. LenderFi seems pretty slammed and not interested in a lot of negotiation. I got a great initial offer from them for 2.875% no cost 30 year, but when the loan officer called me for the first time, he seemed to not remember or realize it was the first time we had ever talked. I'v...
by jjhk121
Fri Jul 24, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance in CA with Owning.com
Replies: 15
Views: 2328

Re: Refinance in CA with Owning.com

I just got my refi funded with them this week. For recent closers, did they transfer your servicing right away or have you made payments direct to Owning? Transferred servicing right away to SLS, just made our first payment directly to them. SLS is who I'm hoping my loan doesn't get transferred to....
by jjhk121
Fri Jul 24, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Bank autocancelled my cc - should I drop the bank?
Replies: 21
Views: 2411

Re: Bank autocancelled my cc - should I drop the bank?

BofA just did the same to me a few weeks ago. They closed my Cash Rewards Visa which I hadn't used in 2 years. I noticed it wasn't listed under my accounts anymore when I logged into the website so I had a feeling they closed it. I called just to make sure and the person I spoke with verified that t...
by jjhk121
Thu Jul 23, 2020 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Refinance in CA with Owning.com
Replies: 15
Views: 2328

Re: Refinance in CA with Owning.com

I just got my refi funded with them this week. For recent closers, did they transfer your servicing right away or have you made payments direct to Owning?