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    Posts
  • February 9, 2011 at 2:00 PM #664743
    JBurkett19
    Participant

    If you feel like your broker isn’t answering all of your questions to your satifaction, then you should probably find another broker. I’ve been in your siuation, and there’s nothing worse than a broker that takes the wrong tone, or doesn’t take the time to understand and answer your questions.

    As a side note- HUD-1, GFE’s and all real estate transaction documents for that matter, are intentionally deceptive. Unless you deal with them all of the time, it takes a minute to understand what you’re looking at. That’s why, in part, a good broker can be an asset.

    February 9, 2011 at 3:12 PM #665251
    ucodegen
    Participant

    What LTV (loan to value) are you financing at?
    Is there any cash back on the financing? (increases the interest rate about 0.5%, no matter how little you take on cash back).

    February 9, 2011 at 3:12 PM #664171
    ucodegen
    Participant

    What LTV (loan to value) are you financing at?
    Is there any cash back on the financing? (increases the interest rate about 0.5%, no matter how little you take on cash back).

    February 9, 2011 at 3:12 PM #664778
    ucodegen
    Participant

    What LTV (loan to value) are you financing at?
    Is there any cash back on the financing? (increases the interest rate about 0.5%, no matter how little you take on cash back).

    February 9, 2011 at 3:12 PM #664915
    ucodegen
    Participant

    What LTV (loan to value) are you financing at?
    Is there any cash back on the financing? (increases the interest rate about 0.5%, no matter how little you take on cash back).

    February 9, 2011 at 3:12 PM #664109
    ucodegen
    Participant

    What LTV (loan to value) are you financing at?
    Is there any cash back on the financing? (increases the interest rate about 0.5%, no matter how little you take on cash back).

    February 9, 2011 at 4:07 PM #664186
    ljinvestor
    Participant

    How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi

    February 9, 2011 at 4:07 PM #665265
    ljinvestor
    Participant

    How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi

    February 9, 2011 at 4:07 PM #664793
    ljinvestor
    Participant

    How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi

    February 9, 2011 at 4:07 PM #664929
    ljinvestor
    Participant

    How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi

    February 9, 2011 at 4:07 PM #664124
    ljinvestor
    Participant

    How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi

    February 9, 2011 at 7:35 PM #664221
    ninaprincess
    Participant

    ljinvestor,

    We will get the keys in March, I guess I will stay with this broker. Our loans are exactly the same except that my rate is 4.99%. Initially I was really upset about the PMI difference ($165 estimate vs. $209 now–and we will pay this PMI for 91 months), but I guess that is a fair cost as I checked on various websites but I wish she would let me know that in the beginning. Adding to that, the bank made an error incorrectly stating the loan amount. But I called her and she explained that will be fixed by the underwriter.

    I wonder why your house price and mine are exactly the same in addition to our 10% down. Is it just a coincidence? Is yours also a bank own?

    [quote=ljinvestor]How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi[/quote]

    February 9, 2011 at 7:35 PM #665300
    ninaprincess
    Participant

    ljinvestor,

    We will get the keys in March, I guess I will stay with this broker. Our loans are exactly the same except that my rate is 4.99%. Initially I was really upset about the PMI difference ($165 estimate vs. $209 now–and we will pay this PMI for 91 months), but I guess that is a fair cost as I checked on various websites but I wish she would let me know that in the beginning. Adding to that, the bank made an error incorrectly stating the loan amount. But I called her and she explained that will be fixed by the underwriter.

    I wonder why your house price and mine are exactly the same in addition to our 10% down. Is it just a coincidence? Is yours also a bank own?

    [quote=ljinvestor]How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi[/quote]

    February 9, 2011 at 7:35 PM #664964
    ninaprincess
    Participant

    ljinvestor,

    We will get the keys in March, I guess I will stay with this broker. Our loans are exactly the same except that my rate is 4.99%. Initially I was really upset about the PMI difference ($165 estimate vs. $209 now–and we will pay this PMI for 91 months), but I guess that is a fair cost as I checked on various websites but I wish she would let me know that in the beginning. Adding to that, the bank made an error incorrectly stating the loan amount. But I called her and she explained that will be fixed by the underwriter.

    I wonder why your house price and mine are exactly the same in addition to our 10% down. Is it just a coincidence? Is yours also a bank own?

    [quote=ljinvestor]How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi[/quote]

    February 9, 2011 at 7:35 PM #664159
    ninaprincess
    Participant

    ljinvestor,

    We will get the keys in March, I guess I will stay with this broker. Our loans are exactly the same except that my rate is 4.99%. Initially I was really upset about the PMI difference ($165 estimate vs. $209 now–and we will pay this PMI for 91 months), but I guess that is a fair cost as I checked on various websites but I wish she would let me know that in the beginning. Adding to that, the bank made an error incorrectly stating the loan amount. But I called her and she explained that will be fixed by the underwriter.

    I wonder why your house price and mine are exactly the same in addition to our 10% down. Is it just a coincidence? Is yours also a bank own?

    [quote=ljinvestor]How far along are you? Has appraisal been done? You might want to check out aimloan.com and do application online as they are local and pretty easy to work with. They should be able to close in 30 days or less.

    I recently used them as a backup on a refi in case my current lender didn’t come through. Their 5% 0pt has low closing costs and payment is almost the same with PMI.

    Loan Information February 09, 2011 – 4:25 PM PT
    Amount: $405,700
    Purchase Price: $450,900
    State: California
    County: San Diego
    City: All
    Escrow/Impounds? Yes
    Loan Purpose: Purchase
    Property Use: Primary Residence
    Property Type: Single Family Home
    Lock Period: 30 Day

    30 Year Fixed Rate

    5.000%-rate
    0.000%-pts
    5.426%-apr
    $3,589.57-closing costs
    $2,387.50-payment with pmi[/quote]

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