Refinance-it takes forever…

[Nor-LA-SD-guy]

From the little experience I have had attempting to get a loan recently, If you are applying for a 30 year rate around or below the 5% mark, they are not too enthused about it, (They could be having to pay 6-8% on CD’s within two years just think about that a few minutes)

shorter term or higher rates and fee’s now your talking !!!

Just from my limited experience recently.

[kcal09]

[quote=FormerSanDiegan]No.

I applied to refinance my rental property in October 2009 and closed within a month of applying.

Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?

If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?[/quote]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

[kcal09]

[quote=FormerSanDiegan]No.

I applied to refinance my rental property in October 2009 and closed within a month of applying.

Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?

If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?[/quote]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

[kcal09]

[quote=FormerSanDiegan]No.

I applied to refinance my rental property in October 2009 and closed within a month of applying.

Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?

If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?[/quote]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

[kcal09]

[quote=FormerSanDiegan]No.

I applied to refinance my rental property in October 2009 and closed within a month of applying.

Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?

If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?[/quote]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

[kcal09]

[quote=FormerSanDiegan]No.

I applied to refinance my rental property in October 2009 and closed within a month of applying.

Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?

If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?[/quote]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

[(former)FormerSanDiegan]

Your lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.

If you want service and avoid run-around call Sheldon …
homeloansheldon.com

[(former)FormerSanDiegan]

Your lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.

If you want service and avoid run-around call Sheldon …
homeloansheldon.com

[(former)FormerSanDiegan]

Your lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.

If you want service and avoid run-around call Sheldon …
homeloansheldon.com

[(former)FormerSanDiegan]

Your lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.

If you want service and avoid run-around call Sheldon …
homeloansheldon.com

[(former)FormerSanDiegan]

Your lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.

If you want service and avoid run-around call Sheldon …
homeloansheldon.com

[ucodegen]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

Try opening your field up to other lenders. I know someone who refi’d to 4.675, 30yr fixed. One thing that helps is good LTV. They were getting the run-around from banks until their original lender saw that they were looking to re-fi and actually had an ‘ok’ offer (5.1%). The original lender then came in at the 4.675. The lenders are playing games out there.

[ucodegen]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

Try opening your field up to other lenders. I know someone who refi’d to 4.675, 30yr fixed. One thing that helps is good LTV. They were getting the run-around from banks until their original lender saw that they were looking to re-fi and actually had an ‘ok’ offer (5.1%). The original lender then came in at the 4.675. The lenders are playing games out there.

[ucodegen]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

Try opening your field up to other lenders. I know someone who refi’d to 4.675, 30yr fixed. One thing that helps is good LTV. They were getting the run-around from banks until their original lender saw that they were looking to re-fi and actually had an ‘ok’ offer (5.1%). The original lender then came in at the 4.675. The lenders are playing games out there.

[ucodegen]

No, not using a mortgage broker and yes, I’m trying to refi with the current lender.

Try opening your field up to other lenders. I know someone who refi’d to 4.675, 30yr fixed. One thing that helps is good LTV. They were getting the run-around from banks until their original lender saw that they were looking to re-fi and actually had an ‘ok’ offer (5.1%). The original lender then came in at the 4.675. The lenders are playing games out there.

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