Refinance in CA with Owning.com

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snoozer
Posts: 2
Joined: Mon Mar 11, 2019 11:53 pm

Refinance in CA with Owning.com

Post by snoozer »

Has anyone here done a refinance with Owning? https://owning.com/index-refi.html#amounts
They are a relatively new real estate company based in SoCal that also does mortgages, immediate purchases, and rebates for buyers.
The refinance rates seem too good to be true with no closing costs, so I’m curious if they are legitimate and whether people have had experiences (good or bad)
Thanks!
Count of Notre Dame
Posts: 222
Joined: Fri Oct 11, 2013 1:08 pm

Re: Refinance in CA with Owning.com

Post by Count of Notre Dame »

Bump. 100% LTV seems too good to be true! I just did a HELOC up to 90% LTV but the rate was 6%.
StewedCarrot
Posts: 13
Joined: Sun Feb 09, 2020 1:34 pm

Re: Refinance in CA with Owning.com

Post by StewedCarrot »

We're close to closing on a 3.125% 30-year refinance with Owning.com. Bumping this old thread to get any last minute input from the group.

Did they keep their word no-cost, no surprises?
All go smoothly with their notary?
Any comments on servicing?
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BrandonBogle
Posts: 3207
Joined: Mon Jan 28, 2013 11:19 pm

Re: Refinance in CA with Owning.com

Post by BrandonBogle »

Per the reports from the Refi Mega Thread and forums elsewhere, they are a great company to work with and very competitive if you fit their mold. If you have under a $300k balance, they won't be "no fee" and may not have the best rate, but they will still be competitive.
StewedCarrot
Posts: 13
Joined: Sun Feb 09, 2020 1:34 pm

Re: Refinance in CA with Owning.com

Post by StewedCarrot »

Posting for future forum searchers -- experience was good. They drop the rate to 2.99% no-cost to match a competing offer the day before signing.

Application to signing was just over 2 weeks, mostly due to me making a change. Closed quickly after that. Loan officer was great, very responsive.

10/10 would use again.
Minty
Posts: 351
Joined: Sun Mar 24, 2013 3:19 pm
Location: NorCal

Re: Refinance in CA with Owning.com

Post by Minty »

Closed in late June 2020. No tricks, closed as promised in original loan estimate. 2.375 on a 15, around $350k, no cost.
Core Four w/ nominal bonds & TIPS. Refi Rampage: Purchase: 4.125% 30 -> R1 3% 20 -> R2 2.375% 15 -> R3 shopping
confused1
Posts: 48
Joined: Mon Jul 27, 2015 12:03 am

Re: Refinance in CA with Owning.com

Post by confused1 »

Same here - no issues, closed on $600k 2.75% about 8 weeks ago. Painless process would use again
jjhk121
Posts: 36
Joined: Thu Jul 23, 2020 1:09 am

Re: Refinance in CA with Owning.com

Post by jjhk121 »

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?
confused1
Posts: 48
Joined: Mon Jul 27, 2015 12:03 am

Re: Refinance in CA with Owning.com

Post by confused1 »

jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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.
Starfish
Posts: 1928
Joined: Wed Aug 15, 2018 6:33 pm

Re: Refinance in CA with Owning.com

Post by Starfish »

snoozer wrote: Sun Nov 17, 2019 2:08 am Has anyone here done a refinance with Owning? https://owning.com/index-refi.html#amounts
They are a relatively new real estate company based in SoCal that also does mortgages, immediate purchases, and rebates for buyers.
The refinance rates seem too good to be true with no closing costs, so I’m curious if they are legitimate and whether people have had experiences (good or bad)
Thanks!

Yes, me. I refinanced before, but this was easier. Good experience! They sold my loan to US Bank.
jjhk121
Posts: 36
Joined: Thu Jul 23, 2020 1:09 am

Re: Refinance in CA with Owning.com

Post by jjhk121 »

confused1 wrote: Fri Jul 24, 2020 12:43 am
jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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. Some of their reviews are terrifying.
confused1
Posts: 48
Joined: Mon Jul 27, 2015 12:03 am

Re: Refinance in CA with Owning.com

Post by confused1 »

jjhk121 wrote: Fri Jul 24, 2020 4:21 pm
confused1 wrote: Fri Jul 24, 2020 12:43 am
jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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. Some of their reviews are terrifying.
I was worried as well after reading the reviews but no issues so far. One regular payment and one principle payment made with no issues. First automated payment coming out next month.
manatee2005
Posts: 880
Joined: Wed Dec 18, 2019 9:17 pm

Re: Refinance in CA with Owning.com

Post by manatee2005 »

jjhk121 wrote: Fri Jul 24, 2020 4:21 pm
confused1 wrote: Fri Jul 24, 2020 12:43 am
jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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. Some of their reviews are terrifying.
Mine went to PNC bank. It’s ok but not great. I really liked Mr Cooper when I had it. I hated UWM.
hbdad
Posts: 104
Joined: Fri Dec 13, 2019 3:29 pm

Re: Refinance in CA with Owning.com

Post by hbdad »

manatee2005 wrote: Tue Jul 28, 2020 1:02 am
jjhk121 wrote: Fri Jul 24, 2020 4:21 pm
confused1 wrote: Fri Jul 24, 2020 12:43 am
jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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. Some of their reviews are terrifying.
Mine went to PNC bank. It’s ok but not great. I really liked Mr Cooper when I had it. I hated UWM.
Why did you hate UWM? I have them right now and no complaints. Easy web interface. Easy to schedule or change extra payments. I don’t have an escrow account though, so maybe that’s the difference?
manatee2005
Posts: 880
Joined: Wed Dec 18, 2019 9:17 pm

Re: Refinance in CA with Owning.com

Post by manatee2005 »

hbdad wrote: Tue Jul 28, 2020 11:38 am
manatee2005 wrote: Tue Jul 28, 2020 1:02 am
jjhk121 wrote: Fri Jul 24, 2020 4:21 pm
confused1 wrote: Fri Jul 24, 2020 12:43 am
jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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. Some of their reviews are terrifying.
Mine went to PNC bank. It’s ok but not great. I really liked Mr Cooper when I had it. I hated UWM.
Why did you hate UWM? I have them right now and no complaints. Easy web interface. Easy to schedule or change extra payments. I don’t have an escrow account though, so maybe that’s the difference?
I probably got spoiled by Mr Cooper. UWM doesn’t have a mobile app for example.
confused1
Posts: 48
Joined: Mon Jul 27, 2015 12:03 am

Re: Refinance in CA with Owning.com

Post by confused1 »

confused1 wrote: Tue Jul 28, 2020 12:43 am
jjhk121 wrote: Fri Jul 24, 2020 4:21 pm
confused1 wrote: Fri Jul 24, 2020 12:43 am
jjhk121 wrote: Thu Jul 23, 2020 1:12 am 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. Some of their reviews are terrifying.
I was worried as well after reading the reviews but no issues so far. One regular payment and one principle payment made with no issues. First automated payment coming out next month.
First automated payment came out successfully, SLS is going well from my pov
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