Search found 90 matches

by bgh11
Tue Nov 03, 2020 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

I remember it was mentioned it's better to sign the final disclosure on Monday/Tuesday. I just spoke to a processor from Network Capital and was told they would send the final disclosure to me on 11/4, Wednesday and we can sign the documents with a notary Saturday. Should we delay sign the document...
by bgh11
Wed Sep 30, 2020 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

My guess is you were able to get the LE from Amerisave without paying the $500? Thanks. Yes, but not without having the Amerisave quote in hand. Before going through AS the other quotes were pitiful, ranging 6k-10k in closing costs (ie. out of pocket, after all rebates.) Was I a chump to spend the ...
by bgh11
Tue Sep 29, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

My guess is you were able to get the LE from Amerisave without paying the $500? Thanks. Yes, but not without having the Amerisave quote in hand. Before going through AS the other quotes were pitiful, ranging 6k-10k in closing costs (ie. out of pocket, after all rebates.) Was I a chump to spend the ...
by bgh11
Tue Sep 29, 2020 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Finally found one of the mythical 2.5% loans! - First found a decent deal w/ Amerisave ($500 application fee, credited to you at closing if you don't bail ....) - Went back to Loan Depot with that deal and have them beat it Now I'm at: - 460k loan, 30yr - 2.5% - $2400 lender credit - Still 3k of my...
by bgh11
Mon Sep 28, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Funding inexplicably delayed for over a week. What do I do? Closed everything on time. Funding (disbursement date) was supposed to be Friday 18th. Nothing happened. In the meantime I've been getting various excuses from the LO and I'm not sure what to do at this point as interest is accruing on my ...
by bgh11
Sat Sep 26, 2020 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

I got a few quotes for 30 years fixed from some lenders. One interesting thing i noted is the transfer tax included in section E varies among different lenders. I thought that should be the same. My current rate is 3.25% and still have almost 30 years to go. The loan balance is $486,000 and LTV is ...
by bgh11
Sat Sep 26, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Once blacklisted by a lender because of not closing, any idea of how long one stays blacklisted? Pretty sure very much depends on the lender.
by bgh11
Thu Sep 24, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

This is a great thread even if I'm not sure I understand it all. I'm looking to refi my residence and take cash out. I've got a couple lenders who have offered 2.875%, with closing costs varying from 3K to 9K. Some basically wanted to add points, and roll things into the loan, but I want visibility...
by bgh11
Wed Sep 23, 2020 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Just posting my experience for the benefit of others. I had jumbo mortgage at 4.125%, and no one was giving me refinance rates. I decided to pay 100k+ to get super conforming loan. My quotes on Aug 7 were ... - Quicken Loan 2.75 (LTV 75, 6 month clawback) - Owning 2.99 (LTV 70) - Zillow 3.125 - Loa...
by bgh11
Tue Sep 22, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

I am interested in doing another refi right after the other refi. Assumed the new lender is ok with it, Am I good to go then? Obviously, I won't be able to provide any mortgage statement from the lender that I just refinanced into. Anything that I should watch for or be mindful of? Thank you.
by bgh11
Sun Sep 20, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Recent experience...... 1. Loan Depot wouldn't touch our 30 year mortgage for at least 6 months after we closed the last refinance at 3.25/30yr in April, and didn't seem interested in keeping us as a borrower. 2. Loan Cabin showed promising rates on their website for our zip code, but don't even of...
by bgh11
Sun Sep 20, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

- Amerisave : Had to unfreeze my credit accounts, but got a call 2 hours after application. Rep convinced me to pay the $500 after giving me a quote over the phone and showing me the completely breakdown online. So far so good. sunny_socal, could you give a little more detail on what "Had to u...
by bgh11
Sun Sep 20, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Individual lines under items I did / didn’t shop for changed slightly, but largest amount by far was the introduction of origination fees, which were $0 on the Loan Estimate. You will have to push for an explanation of that. Generally, that can only happen with a material change, which has to be di...
by bgh11
Sun Sep 20, 2020 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

The servicing of my loan has been transferred to Dovenmuehle. Anyone have experience with them? Online reviews are horrible. luckily I did not have any problem with them How long have you had them? Do you have automatic payment set up? Get your tax documents timely? About 3 years with auto pay and ...
by bgh11
Sat Sep 19, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

hbdad wrote: Sat Sep 19, 2020 11:38 pm The servicing of my loan has been transferred to Dovenmuehle. Anyone have experience with them? Online reviews are horrible.
luckily I did not have any problem with them
by bgh11
Sat Sep 19, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

For Amerisave $500 application fee, do they really return the $500 back to you at closing to offset closing costs? Is this in writing somewhere? Does the $500 application fee show in Section A of the initial LE? and then removed when the loan closes? Thank you. Anybody used Amerisave can answer abo...
by bgh11
Sat Sep 19, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Hey everyone. The sheer volume of content in this thread is a bit overwhelming for me. I'd like to explore refinancing again after my first at the beginning of this year. I'd like to understand the process a bit more than I did last time and shop around a bit more. Can someone give me a very brief ...
by bgh11
Sat Sep 19, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Thanks for the guidance from members here to date. I’ve successfully navigated a refi with several companies and in the process of closing a 15yr at 2.5%. My question is how much can one expect A+B+C change from the Loan Estimate to Closing? In reviewing the closing papers, I’m seeing a $1,500 incr...
by bgh11
Fri Sep 18, 2020 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

They have not assigned one yet but I have emailed my LO's boss.. LD originally gave me 2.625% 30 year fixed with 491 credits on 9/1. today's estimate shows same rate but J at $4200 and $0 lender credit.. LF has me at 2.875% with 0 costs and credits. I really don't have the same experience like the ...
by bgh11
Thu Sep 17, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

keith6014 wrote: Thu Sep 17, 2020 4:10 pm What would you do?
LD: 2.625% $1000 out of pocket
LF: 2.75% zero out of pocket
Both 30 year. Appraisal waived.
ask LD if any lender credit for 2.75%
by bgh11
Thu Sep 17, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

For Amerisave $500 application fee, do they really return the $500 back to you at closing to offset closing costs? Is this in writing somewhere?
Does the $500 application fee show in Section A of the initial LE? and then removed when the loan closes?
Thank you.
by bgh11
Thu Sep 17, 2020 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Well... LC just got back to me after 2 weeks of waiting and what can I say, it was worth the wait... A=0 A+B+C= $1,390 E+F+G+H=906 Total=$2,296 Lender Credit=$2400 Total costs=. -$104 Rate of 2.5% for 25 yr and 30 yr loan Which would you take? I'm going with loan cabin since I'm not in a hurry :) S...
by bgh11
Thu Sep 17, 2020 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

.....
by bgh11
Thu Sep 17, 2020 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

I asked my LO but he has yet to get back to me with any improvement of the credit and numbers..meanwhile, I reached out to my original LO at LF and he said he could restart loan process and give me 2.875 0 cost loan after I send an email withdrawing loan app to LD.. what would you do? By the way, l...
by bgh11
Wed Sep 16, 2020 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Just looked at new refi LE posted by my underwriter from LD..There is a big difference in numbers from the initial locked in rate LE and the new one. My lender credits of$3300 are gone under section J and on top of that I am being charged additional $1264 (0.204 points) as origination fees.. Has an...
by bgh11
Wed Sep 16, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Just looked at new refi LE posted by my underwriter from LD..There is a big difference in numbers from the initial locked in rate LE and the new one. My lender credits of$3300 are gone under section J and on top of that I am being charged additional $1264 (0.204 points) as origination fees.. Has an...
by bgh11
Wed Sep 16, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Fellow LD refi applicants who recently closed your loan, quick question on closing timeline, I locked my rate on 9/1 and my loan status currently is "Conditional underwriting approval", could you share your experience and timeline from this point onwards leading to closing? Thank You Lock...
by bgh11
Wed Sep 16, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Just looked at new refi LE posted by my underwriter from LD..There is a big difference in numbers from the initial locked in rate LE and the new one. My lender credits of$3300 are gone under section J and on top of that I am being charged additional $1264 (0.204 points) as origination fees.. Has an...
by bgh11
Mon Sep 14, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Johny wrote: Mon Sep 14, 2020 5:27 pm Has anyone ever been able to negotiate the origination fees under A on an LE before? Maybe even get them waived completely? Thank you.
Sort of yes by using another lender's LE and get a higher lender credit to cover the origination.
by bgh11
Sun Sep 13, 2020 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Loan 1- 2.75%, no points A+B+C= 4896 transfer tax = 14k no CEMA lender credit of 7270 Loan 2- 2.375%, 1.219 point A+B+C=13758 transfer tax = 14k No CEMA lender credit of 7270 Loan 3- 2.69%, 0.5 point A+B+C= 10000 transfer tax = 0* Yes CEMA #1 and #2 are from loan depot. They are offering lender cre...
by bgh11
Sat Sep 12, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Going to ask again...Thank you! When you lock with multiple lenders, do you send in your documents to all of them and go thru underwriting? At what point do you tell the lenders that you are canceling/withdrawing the application? What reason do you tell them without making them too upset or does tha...
by bgh11
Sat Sep 12, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Currently in the underwriting stage with Loan Depot. 15 years at 2.25% with 2.5K lender credits. Started in early August. Looks like another 30-45 days. I opened up one of the initial email communications they sent us where there was a link to “check our rates “. I pushed the link and now it states...
by bgh11
Fri Sep 11, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

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 bgh11
Fri Sep 11, 2020 2:54 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

I wanted an opinion, my refinance company messed up on the closing document (multiple times). The deed had Condominium Rider listed instead of Planned Unit, they had me sign the Condominium paper as well as hazard insurance for condominium. I had mentioned this to the LO during the initial loan est...
by bgh11
Fri Sep 11, 2020 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

I understand this is a very subjective question, but what would you guys choose between 1. 2.5% (30 year) with enough lender credits to cover costs + some extra 2. 2.375 (30 year) with some cost The break-even point for me based on the interest is around 40 months. This is a long enough time frame ...
by bgh11
Thu Sep 10, 2020 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Anyone have any luck on sub-3% jumbo 30yr FRM refis? I’m in IL. Thanks! I’m locked in with LD at 2.625% on $620k refi in CA I'm guessing this is a super conforming loan in a high-cost area (sellable to Fannie/Freddie) and not actually a jumbo. I sure hope so otherwise I made a mistake paying down m...
by bgh11
Wed Sep 09, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

zrzhu111 wrote: Wed Sep 09, 2020 11:33 pm Should i try to pay down loan balance a little more, so i can have 50% LTV. Will i have a better chance of getting better rates?
Keep in mind, small loan size <200k often hard to get a good rate. Even at 70% LTV can get some decent offers depending on loan size, location, w2 income, etc.
by bgh11
Tue Sep 08, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Ally bank - is this for real ?! Origination fees $990 4.375 with 600 lender credit 2.975 with 2 points like 7800 or something borrowed amount 360000 on 475k value 735 credit score what should I be looking for ? I cant believe these are the rates I got. what state? Look elsewhere. Have u tried the b...
by bgh11
Sun Sep 06, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Have you looked at Better, Owning, LenderFi and Loan Cabin (even slower)? Owning, lenderfi and better told me they couldn’t beat LD..LC is yet to get back to me since last week..I am trying to get hold of WM and Interactive but they are not resolved ding.. not sure if there are any other better len...
by bgh11
Sun Sep 06, 2020 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

[ quote fixed by admin LadyGeek] Ahh man, OK.. thanks for that insight.. 9/1.. they said closing eta is 60 days but so far I’ve not heard back from them since 9/1.. Anyways, also wanted to check if there are better pricing options out there for my situation.. My assumption is they asked u for docs,...
by bgh11
Sat Sep 05, 2020 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Hello, I am currently in my CA condo jumbo loan refi process with Loan Depot for new pricing of 2.625 30 year with 3500$ lender credit. Rate was locked on 9/1 but process has been super slow so far..Has anyone in similar situation seen better pricing? Thank you 9/1 or 8/1? If 9/1, it's only been 4 ...
by bgh11
Sat Sep 05, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Hello, I am currently in my CA condo jumbo loan refi process with Loan Depot for new pricing of 2.625 30 year with 3500$ lender credit. Rate was locked on 9/1 but process has been super slow so far..Has anyone in similar situation seen better pricing? Thank you 9/1 or 8/1? If 9/1, it's only been 4 ...
by bgh11
Wed Sep 02, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

BrandonBogle which term are you refinancing? Aren't the lender's credits low? I thought you have already refi-ed a few times. I am refinancing to the 15-year term. Keep in mind that outside of this/not reflected on this, I will pay about $1,200 in B + C + E and receive an additional $2,500 via the ...
by bgh11
Wed Sep 02, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

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 bgh11
Wed Sep 02, 2020 3:36 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

BrandonBogle which term are you refinancing? Aren't the lender's credits low? I thought you have already refi-ed a few times. To help visual this, take a look at the 30-year, 20-year, and 15-year (in that order) rate tables I have available on my current refi. Even at the same rate, pricing is diffe...
by bgh11
Wed Sep 02, 2020 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

What does it take to be a mortgage originator or broker or whoever can generate a LE? Can someone volunteer here and give us LE that we can ask others to match or beat? :idea:
by bgh11
Tue Sep 01, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

my HELOC is with them. fantastic company. Great! Agreed- I did a construction loan and a HELOC with them and had zero complaints. They seem to be more competitive than the big banks, but not as low as your Lenderfi's, Loan cabins, etc. I was hoping as an existing customer they would have given me s...
by bgh11
Tue Sep 01, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Thinking about making another run at this, and could use suggestions Current quicken loan 15 year mortgage is $140k at 3.25. Home value approx $340k. In TX That is just too small a balance to make numbers work. But what about doing a cash out and going to about $250k. If I could get a 30 year at 2....
by bgh11
Tue Sep 01, 2020 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Hello all, I very much appreciate it if you could help out a newbie here. This is my first refinance (when I bought the house a year ago, we just went with the lender recommended to us). Here is my current situation. I applied to four online lenders last week. - Lender 1: Contacted me the same nigh...
by bgh11
Sun Aug 30, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560958

Re: Refinance Mega Thread

Perhaps small loan balance Maybe we should cash out, then pay back a large chunk. But our rate is already 2.875. The difference with a new loan would be small, I suspect. Cash-out rate is higher than no cash-out refinance. Exploring local lenders might be another option. Agree. Check local credit u...