- This topic has 17 replies, 5 voices, and was last updated 12 years, 3 months ago by
scaredyclassic.
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January 10, 2013 at 6:14 AM #20442January 10, 2013 at 6:50 AM #757402
scaredyclassic
ParticipantI’m asking for extra 1,000
January 10, 2013 at 6:55 AM #757403Coronita
ParticipantGet it in writing ? 🙂
January 10, 2013 at 7:09 AM #757404scaredyclassic
ParticipantEmails just said they’d renegotiate.
However there are pleadings online in a class action against amerisave that are similar.
Think this might violate some law…
January 10, 2013 at 7:17 AM #757405Coronita
Participant[quote=squat300]Emails just said they’d renegotiate.
However there are pleadings online in a class action against amerisave that are similar.
Think this might violate some law…[/quote]
Go for it….
I didn’t know you’d get a bigger rebate with a lower LTV….
January 10, 2013 at 7:22 AM #757406moneymaker
ParticipantAssuming jumbo loan, 11% of say 500k is 50k more in equity,if margin is 1%(may be more) then there kickback might be additional $500. So i say split the difference and ask for $500. What kind of term are you getting?
January 10, 2013 at 7:31 AM #757410scaredyclassic
Participant30 y fixed conforming not jumbo.
If I walk away I start all over.
Big pain.
They know that.
But then they make nothing but a lifelong hater.
January 10, 2013 at 9:38 AM #757419Coronita
Participant[quote=squat300]30 y fixed conforming not jumbo.
If I walk away I start all over.
Big pain.
They know that.
But then they make nothing but a lifelong hater.[/quote]
Meh.. I’d just get this refi done get your cash back…Chances are you’re gonna refinance again in 6 months to a lower rate anyway.
January 10, 2013 at 9:39 AM #757420scaredyclassic
ParticipantI’m very stubborn and sometimes irrational.
January 10, 2013 at 10:02 AM #757426Coronita
Participant[quote=squat300]I’m very stubborn and sometimes irrational.[/quote]
If you’re ready for another refi, we got a local guy that has pretty good rates.
January 10, 2013 at 10:02 PM #757510CA renter
ParticipantCall their bluff immediately. Tell them that you want the new terms in writing within three days or you’re going to another lender.
Good luck!
January 10, 2013 at 10:50 PM #757513Coronita
ParticipantSo let’s see, restarting a loan means….
1. Picking a new lender
2. Hoping rates are lower (they probably aren’t because seems like the ticked up about .125-.25%)
3. Maybe paying for this appraisal…Maybe you’re lucky here, but my refi guy makes me pre-pay for the appraisal and then reimburses me when I’m done.
4. Wait another 30 days to close, meanwhile paying more interest for an additional month or so on your existing loan with a higher interest rate.
5. Spending time to gather all your financial data, all your income qualifications, and having the new lender pull your credit again….And for those in the service business (lawyers and doctors) where time is more so money…
Seems to me is that in the worst case scenario, bite the bullet get this loan done…And do another refinance if when rates drift lower again…Seems to me you can just imagine you locked with a rate, and it went slightly lower after you locked, which happens me all the time.
January 11, 2013 at 11:49 AM #757540scaredyclassic
ParticipantThey capitulated.
January 11, 2013 at 11:53 AM #757541Coronita
Participant[quote=squat300]They capitulated.[/quote]
cool.
January 11, 2013 at 4:16 PM #757559CA renter
ParticipantWell done, scaredy.
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