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 Message Boards » » Mortgage Lender Suggestions Page 1 2 [3] 4, Prev Next  
HaLo
All American
13162 Posts
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JFC, Would it kill you people to post at least who you are refinancing with if you’re getting a good rate?

3/9/2020 11:10:27 PM

David0603
All American
12704 Posts
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Agreed, and the terms

3/9/2020 11:29:09 PM

bbehe
2019 Egg Champ
17602 Posts
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USAA, VA IRRRL Loan, 30 years
3.625 -> 2.875

3/10/2020 7:26:45 AM

HaLo
All American
13162 Posts
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Nice. Is that actually through USAA or is it through PHH Mortgage Services?

3/10/2020 9:49:46 AM

bbehe
2019 Egg Champ
17602 Posts
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USAA, but they'll hand it to PHH after the paperwork to manage the loan

3/10/2020 10:10:04 AM

shoot
All American
7214 Posts
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I've been using North State Bank for 8 yrs. Thinking about refinancing and switching to USAA or Quicken Loans.

3/10/2020 11:00:31 AM

Geppetto
All American
1966 Posts
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Quicken charges a lot in closing costs around origination. they know that they have the volume and that most people look at the rate, not the APR, so they can get away with it.

They are great to take as a competitive quote, but not the best to use overall.

3/10/2020 11:16:58 AM

shoot
All American
7214 Posts
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OK, I'll keep that in mind. Thanks for sharing.

3/10/2020 11:20:14 AM

Jeepin4x4
Cam Time Steamroller
35435 Posts
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loanpronto quoted me 3.375% down from 4.625%, but man i was expecting something lower.

3/12/2020 8:38:51 AM

David0603
All American
12704 Posts
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You waited too long.

3/14/2020 12:38:29 PM

Douche Bag
Fcuk you
4863 Posts
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Now they are going up as underwriting departments are overwhelmed and can’t process them quick enough.

3/14/2020 3:50:21 PM

HaLo
All American
13162 Posts
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Anybody know any zero or low closing cost refinancers out there?

[Edited on March 24, 2020 at 11:41 AM. Reason : Z]

3/24/2020 11:41:17 AM

Money_Jones
Ohhh Farts
11465 Posts
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Miller lending advertises that in Raleigh, I tried calling a few weeks ago just trying to get a quote, and they never called back.

3/24/2020 11:52:50 AM

synapse
play so hard
59355 Posts
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always gonna be a higher % with those guys right?

[Edited on March 24, 2020 at 1:43 PM. Reason : guess it makes sense if you're planning on moving within x years]

3/24/2020 1:43:08 PM

bbehe
2019 Egg Champ
17602 Posts
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I close on my refi in a few weeks. VA IRRRL loans are awesome, I didn't have to do anything.

3/24/2020 9:18:32 PM

Douche Bag
Fcuk you
4863 Posts
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Wyndham Capital is a zero cost lender...closing Thursday at 3.125% and no points...

3/30/2020 9:13:05 PM

Douche Bag
Fcuk you
4863 Posts
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Closed in my garage...closer said he closed one last week under someone's deck...interesting times.

Also told me he had a guy get 2.6% fixed for 30 years, but didn't know the bank or if he bought it down....

Mine closed at 3.125%...$1,550 in closing credits and $1,260 in closing costs (plus tax/insurance escrow - just front loaded but not a "cost")

4/2/2020 1:09:31 PM

ncsuallday
Sink the Flagship
9790 Posts
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I called Wyndham and got the 3.125% rate on a 30 yr Fixed, but there's substantial closing costs ($6k or so). I'm on a 7/1 ARM with 5 years left at 4%. Unsure whether to move forward or not.

4/5/2020 4:50:37 PM

Douche Bag
Fcuk you
4863 Posts
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If you are at 4%, you may consider getting a higher rate loan that offers points towards closing.

Instead of going to 3.125%, maybe you just go to 3.5%, but instead of paying $6K in points, you get X back in lieu...after all, just looking at costs relative to savings. Wyndham doesn't charge points, so transactional fees should be below $2K (appraisal, title insurance, etc.). If you owe $250K+, a half point would pay for those costs in 2 years...golden beyond that.

I was in their upper eschelon package, as I put 50% down, have credit above 800 and was just doing rate/term (no cash out)...was pretty easy with $450K in equity in my house.

4/6/2020 10:16:32 AM

Jrb599
All American
8816 Posts
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I have yet to find a lender better than provident.com

4/6/2020 4:16:31 PM

eleusis
All American
24525 Posts
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Wyndham offered me 2.625% on a 15 year fixed today, or 2.25% with $10k in closing points. The lower rate doesn't even really make sense, as it only saves you $3k total over the life of the loan. I think I'd be better off throwing that $10k in the stock market right now.

4/6/2020 5:16:20 PM

LastInACC
All American
1705 Posts
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I semi-completed my application for Wyndham, they spam called me by spoofing their number as a local number and not leaving a voicemail. I asked why dude bs said to cut-cost on long distance...I don't even live in the same area code as my number.

4/6/2020 9:27:04 PM

Jrb599
All American
8816 Posts
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Quote :
"Wyndham Capital is a zero cost lender...closing Thursday at 3.125% and no points..."


but there is still some closing costs, correct?

4/7/2020 8:31:55 AM

Money_Jones
Ohhh Farts
11465 Posts
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^^started filling out their online application, got to the point where they showed a big disclosure that they would use your info and contact for ads and share with others, and closed that shit

4/7/2020 9:42:45 AM

Douche Bag
Fcuk you
4863 Posts
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Closing costs were pre-paid taxes/insurance, which I get back from my other mortgage that is getting paid off. I will have to prefund a little more than I'll get back, but then I'll either get it back or get a reduction next year after taxes fund and insurance renews...

4/7/2020 10:25:55 AM

Geppetto
All American
1966 Posts
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Provident was good. But I used them as a competitive quote and then got that rate with my primary bank (BofA).

I am at 3.375%. Rates swing pretty wildly by day these days, so you could end up with 4% on one day and then 3.5% at the same points the next day. My 3.375% came at a cost of $5,739 if you exclude escrow. Even though my credit is above 800 and I only owe 60% on the home, the point of my loan is a cash out for a home renovation, and cash out comes with a rate premium. I'd probably have gotten 3.375% with no points otherwise.

4/7/2020 12:17:26 PM

Jrb599
All American
8816 Posts
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Quote :
"Closing costs were pre-paid taxes/insurance, which I get back from my other mortgage that is getting paid off. I will have to prefund a little more than I'll get back, but then I'll either get it back or get a reduction next year after taxes fund and insurance renews..."


That's impressive. I was only able to get 3.375% in a similar situation as you

[Edited on April 7, 2020 at 1:34 PM. Reason : ]

4/7/2020 1:28:24 PM

Douche Bag
Fcuk you
4863 Posts
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Wyndham Capital out of Charlotte beat them for me recently. Brother called Wyndham and locked in at 3.125% with $4K closing credit yesterday. Ask for Kent Cherry and tell him Jake sent you.

4/8/2020 7:52:11 AM

Jrb599
All American
8816 Posts
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I reached out to them yesterday. Better rate, but pricing is changing hourly I didn't get a credit that good

4/8/2020 11:24:57 AM

Douche Bag
Fcuk you
4863 Posts
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The credit is tied to the loan value, so if you are borrowing $400K, u may get more than if you are borrowing $200K.

Best rates are for 720+ credit, rate/term (no cash out) refis with 25%+ equity...

4/8/2020 12:02:22 PM

synapse
play so hard
59355 Posts
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what are 15 or 10 year rates down to?

4/8/2020 12:46:54 PM

Money_Jones
Ohhh Farts
11465 Posts
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Just locked in at 3.375% on 20 year fixed through Provident, $230 in points, ~3500 in closing costs. Was 4.5 years into 30 year mortgage with 5 year ARM, at 4.25%. Monthly payment is about what we pay now, but we are planning on this being our forever home, so basically knocked 5 years off what we had left and got lower rate. I think (hope) that makes sense to do. This shit makes my head hurt.

4/8/2020 3:37:11 PM

bbehe
2019 Egg Champ
17602 Posts
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Just closed today.

4/8/2020 3:39:15 PM

David0603
All American
12704 Posts
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I went through Wyndham Capital's online tool and it was saying 5% for 30 year fixed...

4/8/2020 4:29:39 PM

eleusis
All American
24525 Posts
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^^^I was quoted 2.625% on a 15yr and 3.125% on a 20yr.

4/9/2020 7:13:10 PM

David0603
All American
12704 Posts
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closing costs?

4/10/2020 11:28:46 AM

ncsuallday
Sink the Flagship
9790 Posts
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^^same. 3.125 on a 30 yr. took it to my current lender (Wells Fargo) and they matched it, plus I saved on not having to move escrow and get an appraisal.

4/10/2020 1:16:07 PM

hgtran
All American
9855 Posts
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^^^where did you get the quote from?

4/10/2020 1:40:19 PM

eleusis
All American
24525 Posts
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^^^I believe $1600 is what Wyndham they told me for closing costs, although I didn't write it down. I wanted to take the offer to Wells Fargo and see what they would do, since I do a lot of banking with them and have my current mortgage with them.

4/13/2020 3:00:47 PM

HaLo
All American
13162 Posts
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Why would anyone at this point bank with Wells Fargo?

4/13/2020 6:10:23 PM

Patman
All American
5873 Posts
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I'm curious what rates people are getting with $0 closing costs. I closed yesterday on 3.25/20 years.

4/25/2020 8:14:03 AM

bbehe
2019 Egg Champ
17602 Posts
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2.875% was my rate, closing cost was essentially 0, I owed less than a dollar at close. 30 year IRRRL

4/25/2020 9:02:48 AM

Douche Bag
Fcuk you
4863 Posts
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where'd u find 2.875% for a 30?

4/25/2020 9:54:58 AM

bbehe
2019 Egg Champ
17602 Posts
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Usaa

4/25/2020 10:04:01 AM

David0603
All American
12704 Posts
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Blarg

30-Year Conventional Loan Interest 3.625%
https://www.usaa.com/inet/wc/bank-real-estate-mortgage-rates?akredirect=true

4/27/2020 11:22:37 PM

synapse
play so hard
59355 Posts
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I've already got a 15 year at 3%. Probably not worth it to refi right?

5/22/2020 10:30:21 AM

utowncha
All American
642 Posts
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This is probably a stupid question but could I simply point these rates out to SECU and convince them if they don't drop mine I'm gone?

5/22/2020 11:11:00 AM

synapse
play so hard
59355 Posts
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Think that would be a pointless exercise

5/22/2020 11:32:22 AM

Money_Jones
Ohhh Farts
11465 Posts
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I think other banks you may have a chance at getting to match rates you’ve been quoted, but I think SECU operates a little differently, don’t think it would work with them

5/22/2020 11:39:38 AM

nacstate
All American
3725 Posts
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Just locked in 2.875 on a 30 yr term. Had the option for 3% down to save a bit on closing costs, but we'll break even on that savings after 5 years with the lower interest rate.

Lender is Central Bank.

[Edited on May 22, 2020 at 3:04 PM. Reason : ,]

5/22/2020 3:03:33 PM

 Message Boards » The Lounge » Mortgage Lender Suggestions Page 1 2 [3] 4, Prev Next  
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