Hi,PharmerBrown wrote: ↑Mon Aug 17, 2020 9:56 pmHow much of those closing costs are going toward your escrow?m7a8a6 wrote: ↑Mon Aug 17, 2020 8:38 pm Hello everyone. First post from a long time novice lurking and sucking up all the wisdom from everyone(thank you). I couldn’t help but finally create an account because I’m just failing at making progress on this one.
I’m surprised at how everyone is able to get such low interest rates. I’m not able to find any refinance offers with no cost..or even low cost for my refinance goals. Loan officers told me straight up there are no offerings that are going to be net low or no cost.
I have excellent credit (815+), steady FT employment, 250k/30 yr loan at 4.5% in NJ.
Better - 3.0% at 7k in closing
Aimloan - 3.0% at 5.5k in closing
LD - 3.0% at 5k in closing
Ran through credible, lending tree, rocket mortgage but all had high costs.
I’m definitely doing something wrong. What’s the best strategy to achieve getting lenders to offer no cost?
I just realized I entered better.com number incorrectly.
Better - A+B+C - $4430, E - $340, F - $2236, G - $1448 - Total - $8454
Aimloan - A+B+C - $2712, E - $230, F - $308, G - $1925 - Total - $5175
LD - They only gave me an overall number of $5k over the phone. No breakdown.