Search found 341 matches

by ChiKid24
Fri Jul 17, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Need quick guidance on Refinance sticking point
Replies: 13
Views: 1051

Re: Need quick guidance on Refinance sticking point

So long as the HELOC subordinates their position behind the new mortgage I can't fathom what the issue is. The new mortgagee is certainly not going to subordinate to the HELOC as they clearly need to be prime. We refinanced in March with Lenderfi and that is what happened with our HELOC. Edit to ad...
by ChiKid24
Fri Jul 17, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1595
Views: 148821

Re: My LenderFi refinance is going well

There was some discussion earlier in this thread about servicing back in April. Does anyone have more recent examples of how long it took between loan funding and getting a servicing account set up? Was that before or after the first payment due? I'd be curious for any recent experience as well. I'...
by ChiKid24
Fri Jul 17, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Good question, but doesn't apply for me. Sadly I didn't know about the Amex offer when I applied. I actually don't have an Amex. I tried to push with them and say I would open an account if they would apply the offer, but no dice. My lender credit was just under $5k without the Amex offer and my Se...
by ChiKid24
Fri Jul 17, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: did you select your own refinance closing date? pre-paid interest
Replies: 10
Views: 657

Re: did you select your own refinance closing date? pre-paid interest

I dont think that I was able to pick the closing dates for any of the refinances. Also, you either pay interest to existing loan or to the new loan. So what exactly is the hassle? PPI comes in a chunk which I'd rather not deal with if I refi. Have also had mortgage companies 'unsure' if this prepai...
by ChiKid24
Fri Jul 17, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

You and I are in kind of a similar situation. I posted this earlier and received no feedback. "Is this a fair deal to refi my 188K loan on my 270K North Carolina home currently on a 30 at 3.875? Better.com is offering me the following today: A: $655 B: $614 ($550 of this is Appraisal fee which...
by ChiKid24
Thu Jul 16, 2020 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm closing with LD in the next couple of days. Thanks to everyone for your thoughts, info, and advice. I would like to try to refi again if possible. Will the lenders permit me to refi to make my loan .125 lower? Or does it need to be . 25 lower or more? It is helpful to delete my current Better a...
by ChiKid24
Thu Jul 16, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm closing with LD in the next couple of days. Thanks to everyone for your thoughts, info, and advice. I would like to try to refi again if possible. Will the lenders permit me to refi to make my loan .125 lower? Or does it need to be . 25 lower or more? It is helpful to delete my current Better a...
by ChiKid24
Thu Jul 16, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm closing with LD in the next couple of days. Thanks to everyone for your thoughts, info, and advice. I would like to try to refi again if possible. Will the lenders permit me to refi to make my loan .125 lower? Or does it need to be . 25 lower or more? It is helpful to delete my current Better a...
by ChiKid24
Thu Jul 16, 2020 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm closing with LD in the next couple of days. Thanks to everyone for your thoughts, info, and advice. I would like to try to refi again if possible. Will the lenders permit me to refi to make my loan .125 lower? Or does it need to be . 25 lower or more? It is helpful to delete my current Better a...
by ChiKid24
Wed Jul 15, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm closing with LD in the next couple of days. Thanks to everyone for your thoughts, info, and advice. I would like to try to refi again if possible. Will the lenders permit me to refi to make my loan .125 lower? Or does it need to be . 25 lower or more? It is helpful to delete my current Better a...
by ChiKid24
Wed Jul 15, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I’m certain this has been answered, my apologies in advance. I have an Amex but very rarely use it. Def keep $0 balance on it. If I went through better to refi and got the $2500 credit would I be able to just ask Amex for a refund of that amount? Or need to spend $2500 on the card :) Not from exper...
by ChiKid24
Wed Jul 15, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm closing with LD in the next couple of days. Thanks to everyone for your thoughts, info, and advice. I would like to try to refi again if possible. Will the lenders permit me to refi to make my loan .125 lower? Or does it need to be . 25 lower or more? It is helpful to delete my current Better a...
by ChiKid24
Wed Jul 15, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Anyone that closed with Better have their house in a trust? If anyone is in this situation, can you tell me how Better handled it. Yes. Closed last week. They take the property out of trust and then put it back in. This is done by signing quitclaim deeds at close. A little extra paperwork, but seam...
by ChiKid24
Wed Jul 15, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I'm trying to see if it's worth it for me to refinance. Want a 20 year fixed. No cost. Home value is approx $790K. Outstanding principal is approx $490K. Interest rate is 3.875%. Problem seems to be that I also have a HELOC with balance of $30K at 3.25%. Would be hard for me to pay it off upfront t...
by ChiKid24
Wed Jul 15, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Quick question I have two loan estimates LoanDepot just got back but I was set with going with LenderFi In the section J Underneath where it says Calculating cash to close Estimated Closing Costs Financed (Paid from your Loan Amount) one says $3007 the other says $0 what exactly is this? Both have ...
by ChiKid24
Tue Jul 14, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Just locked 2.625% with Lenderfi, supposedly no closing costs but waiting to confirm on loan estimate. I told him what I wanted and he kept a note and called me when prices swung enough for the lender credit to cover all costs. $510k loan in northern VA. Appreciate all the advice and posts from eve...
by ChiKid24
Tue Jul 14, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Okay with the help of this forum I got through to LenderFi and got a rate of 2.875% closing cost $27 lender credit covers everything else. Just need to pay escrow and prepaid insurance. Escrow is $4000 I will get back after closing. I have more than that in escrow right now. I will save $366 a mont...
by ChiKid24
Tue Jul 14, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Thanks again... this was very helpful again! :) Another Q and follow-up comment... How does one go about canceling Escrow after the fact? Do all lenders allow that? As for the "limiting points" comment I previously made... My goal is to target out of pocket expense to 0... whether in the ...
by ChiKid24
Tue Jul 14, 2020 4:23 pm
Forum: Personal Consumer Issues
Topic: Adjustable Pergola?
Replies: 5
Views: 575

Re: Adjustable Pergola?

We have these: https://www.cableshade.com . Very happy with them. We have them on a pergola and also outside some french doors. The material is "Sunbrella" fabric used for higher-end patio umbrellas. We close up in the winter so we don't have to worry about snow accumulation, and open the...
by ChiKid24
Tue Jul 14, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I received an offer of 2.875 with no closing costs for a High balance conforming loan from LenderFi. We have an high LTV and credit scores. I applied today and received the loan disclosures from them tonight! Pretty quick, I must say. I am tempted to go with them. What do you think? I know some fol...
by ChiKid24
Tue Jul 14, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Okay with the help of this forum I got through to LenderFi and got a rate of 2.875% closing cost $27 lender credit covers everything else. Just need to pay escrow and prepaid insurance. Escrow is $4000 I will get back after closing. I have more than that in escrow right now. I will save $366 a mont...
by ChiKid24
Tue Jul 14, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I actually got LoanDepot to go with $8000 closing cost $299k loan. so some of this information will be lower this is from the original Loan estimate Origination Charges $8619 Services You Cannot Shop For $100 Services You Can Shop For $1385 Taxes and Other Government Fees $325 Section J shows D + I...
by ChiKid24
Tue Jul 14, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Thanks for this! We are just at the point of getting below jumbo limits, and am now revisiting refis. Trying to get all our ducks and waiting to see what happens after all the big banks announce earnings. I'm trying to better understand the elements of a LE. Any idea on a refi, what line items tend...
by ChiKid24
Tue Jul 14, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

A few days ago they requested a new payoff amount since I made a July payment. New amount is $325,458. ... when I asked my closing expert what my new official loan amount will be after refi. He said it will be $325,000. Shouldn’t it be $324,300? The remaining balance of my old lender? $324,300 is l...
by ChiKid24
Mon Jul 13, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

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...
by ChiKid24
Mon Jul 13, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Am I getting the best deal or what? I see folks here getting money for refinancing and though to me it seems like a good deal what I am being offered, I am still curious. State = NJ Property value = 480k Loan amount = 340k Credit score = 800 Term = 20, 25, 30yr (broker said it doesn't matter until ...
by ChiKid24
Mon Jul 13, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I actually got LoanDepot to go with $8000 closing cost $299k loan. so some of this information will be lower this is from the original Loan estimate Origination Charges $8619 Services You Cannot Shop For $100 Services You Can Shop For $1385 Taxes and Other Government Fees $325 Section J shows D + I...
by ChiKid24
Mon Jul 13, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Am I getting the best deal or what? I see folks here getting money for refinancing and though to me it seems like a good deal what I am being offered, I am still curious. State = NJ Property value = 480k Loan amount = 340k Credit score = 800 Term = 20, 25, 30yr (broker said it doesn't matter until ...
by ChiKid24
Mon Jul 13, 2020 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I actually got LoanDepot to go with $8000 closing cost $299k loan. so some of this information will be lower this is from the original Loan estimate Origination Charges $8619 Services You Cannot Shop For $100 Services You Can Shop For $1385 Taxes and Other Government Fees $325 Section J shows D + I...
by ChiKid24
Mon Jul 13, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Couple comments: 1) If the interest rate is the same for 30,25 or 20, I would do 30. Allows you to pay lower monthly payment if needed, but provides the flexibility to pay it off sooner if you want by making higher monthly payments. 2) There is a big difference between what is rolling into the new ...
by ChiKid24
Mon Jul 13, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I had a bankruptcy years ago which will be off of my credit next year mid March. My credit score is 735 right now do you think it's best to wait or try to get a refinance at one of these low rates? Not sure where the rates are heading up or down. BOTH. Refinance now to take advantage of low rates, ...
by ChiKid24
Mon Jul 13, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Adjustable Pergola?
Replies: 5
Views: 575

Adjustable Pergola?

Anyone out there have an adjustable pergola? We have an existing wood pergola structure in SoCal that gets a ton of sun mid-day which makes it tough to enjoy. Have seen a number of automated options online where the slats can pivot to block sun or even rain if desired. Curious if anyone has purchase...
by ChiKid24
Mon Jul 13, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I had a bankruptcy years ago which will be off of my credit next year mid March. My credit score is 735 right now do you think it's best to wait or try to get a refinance at one of these low rates? Not sure where the rates are heading up or down. BOTH. Refinance now to take advantage of low rates, ...
by ChiKid24
Sun Jul 12, 2020 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Care to share your low cost /no cost 30 year fixed refi rate and lender?
Replies: 5
Views: 958

Re: Care to share your low cost /no cost 30 year fixed refi rate and lender?

Closed last Thursday at 3% with Better.com. Closing costs were about $2,500 and lender credit was $5,000 so I netted $2,500 from the deal. Inmediately locked a new refi last Thursday with Lenderfi at 2.75%. Closing costs are about $1,400 (appraisal waived), lender credit is $1,400 to make it true no...
by ChiKid24
Sat Jul 11, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

anon_investor wrote: Sat Jul 11, 2020 8:04 am Anyone that locked with LenderFi on Thursday receive their updated disclosure confirming the lock yet?
Still waiting myself...maybe Monday?
by ChiKid24
Fri Jul 10, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Honestly I think it's partially location, partially timing, and partially the motivation of whatever agent you get randomly assigned to (which helps explain why some people have had good luck getting offer matches from places like Better and other people haven't been able to get Better to even try ...
by ChiKid24
Fri Jul 10, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I was approved by LenderFi couple days back and uploaded the requested documents last night. I see a link to approval letter, is that the loan estimate or will I be getting any more documentation. If so how soon they provide the loan estimate or good faith estimate based on approval. Also trying to...
by ChiKid24
Fri Jul 10, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

For those who have used Better, do you know where your loan wound up? Sold to Fannie Mae/Freddie Mac? Servicing moved? Curious to hear about the outcome on this. I am interested in having my refinance sold to Fannie or Freddie rather than held in a bank's portfolio. Why do you care? Just curious, n...
by ChiKid24
Fri Jul 10, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

I was approved by LenderFi couple days back and uploaded the requested documents last night. I see a link to approval letter, is that the loan estimate or will I be getting any more documentation. If so how soon they provide the loan estimate or good faith estimate based on approval. Also trying to...
by ChiKid24
Fri Jul 10, 2020 12:26 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1595
Views: 148821

Re: My LenderFi refinance is going well

The funny thing is I literally just had the notary out today to sign closing docs on my refi with Better at 3.0% where the lender credit is giving me $2,500 over closing costs. So I'm going to go through with that, pocket the cash and now immediately move into 2.75% with Lenderfi. I suppose I can t...
by ChiKid24
Thu Jul 09, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1595
Views: 148821

Re: My LenderFi refinance is going well

LenderFi must be getting slammed, their website has the following message now: Important Message: LenderFi is committed to offering the most competitive rates in the country with high customer service and closings in just a few weeks. Given the high volume of loans coming in we are not able to offe...
by ChiKid24
Thu Jul 09, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1595
Views: 148821

Re: My LenderFi refinance is going well

LenderFi must be getting slammed, their website has the following message now: Important Message: LenderFi is committed to offering the most competitive rates in the country with high customer service and closings in just a few weeks. Given the high volume of loans coming in we are not able to offe...
by ChiKid24
Thu Jul 09, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Apologies for the newbie question... first mortgage ever and this thread has been awesome to lurk. Is it a dumb idea to open AMEX to be able to get the Better credit? Otherwise 750+ credit, 80% LTV on a new purchase Do you know your exact credit score? I think pricing improves at 760, then again at...
by ChiKid24
Thu Jul 09, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1595
Views: 148821

Re: My LenderFi refinance is going well

LenderFi must be getting slammed, their website has the following message now: Important Message: LenderFi is committed to offering the most competitive rates in the country with high customer service and closings in just a few weeks. Given the high volume of loans coming in we are not able to offe...
by ChiKid24
Thu Jul 09, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Re-fi update: We are 2 or 3 days from closing on a ~$750k re-fi to 3.125% with Northpointe for A+B+C costs of $2,700 and a $4,000 lender credit. Exactly 1 month ago in June this was a no-brainer deal considering my current 3.875% loan, but today I got a LE from Lenderfi for 2.75% with A+B+C costs o...
by ChiKid24
Thu Jul 09, 2020 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

For those who have used Better, do you know where your loan wound up? Sold to Fannie Mae/Freddie Mac? Servicing moved? Curious to hear about the outcome on this. I am interested in having my refinance sold to Fannie or Freddie rather than held in a bank's portfolio. Why do you care? Just curious, n...
by ChiKid24
Tue Jul 07, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Wells Fargo is offering me 20 years 2.875%, less than $2000 to close. (I'm having rep send me exact numbers - loan in $188K.) I'm currently with Wells 30 years 3.875%. I just did this last July when I got out of an ARM. I was wondering if this is reasonable in the current environment? Probably reas...
by ChiKid24
Tue Jul 07, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Wells Fargo is offering me 20 years 2.875%, less than $2000 to close. (I'm having rep send me exact numbers - loan in $188K.) I'm currently with Wells 30 years 3.875%. I just did this last July when I got out of an ARM. I was wondering if this is reasonable in the current environment? Probably reas...
by ChiKid24
Tue Jul 07, 2020 3:25 pm
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 10066

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

My brother is a gambler. He claims he made $54000 today just on TSLA and I have no reason to doubt him. I should be happy for him but ugh! envy! although our mileage varies. I DO like the predictability the 3-fund portfolio has brought to our lives, although I am having a really hard time understan...
by ChiKid24
Tue Jul 07, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9302
Views: 649177

Re: Refinance Mega Thread

Who's is your lender? I have a similar quote from Loandepot. Better and LenderFi told me that they won't give a lender credit that exceeds the A+B+C closing costs (sounds fishy to me), but LD's credit will take care of my escrow too. I think you got bad information on Better. I am closing with them...