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Mortgage refi

Discussion in 'Off-Topic Discussion' started by Njmike13, Mar 5, 2020.

  1. Jan 7, 2021 at 7:31 PM
    #211
    FirstGenVol

    FirstGenVol The "Mangler"

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    Erik
    TN
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    Too many

    Any nationwide lenders you would recommend? So far I'm only working with a local one.
     
  2. Jan 7, 2021 at 7:36 PM
    #212
    SLOBlueE90

    SLOBlueE90 New Member

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    Bob
    San Jose
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    I recommend checking Costco if you are a member. The lender fees are capped and their rates are competitive.

    I just locked 1.99% for a 15 year loan with a lender I met through Costco.
     
  3. Jan 7, 2021 at 7:50 PM
    #213
    Hbjeff

    Hbjeff New Member

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    i just used owning. The guy there i worked with was fantastic! Super fast process. We got 2.35% for 30 years and couldn’t be happier
     
    Platinum714 and TheBeast like this.
  4. Jan 7, 2021 at 7:51 PM
    #214
    SouthWestGA

    SouthWestGA New Member

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    If you’re in TN give this guy a call. If you aren’t in TN give him a call anyway and he can get you a contact in the state you live in. He and his associates serve multiple states

    Preacher Matt

    +1 (270) 570-5417

    He is a broker and can shop multiple companies for you to get the best rate and terms

    Also,as mentioned above,Costco could be very competitive as well

    Good Luck Everyone
     
    TNTundra53 likes this.
  5. Jan 7, 2021 at 9:05 PM
    #215
    ejl04

    ejl04 New Member

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    Wells Fargo generally has good rates on a 30 Yr Fixed. They can be slow to work with. Quicken seems good. You can look up reviews on local brokers on Yelp or Google too. I know business is up for the industry, so it may take some time to get things done.
     
  6. Jan 11, 2021 at 6:09 PM
    #216
    TheBeast

    TheBeast The Beach

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    rates back up to 2.75% 30 years.
    markets dont like instability
     
  7. Jan 23, 2021 at 2:51 PM
    #217
    teamtlr

    teamtlr New Member

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    Denver Colorado
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    I just do a refi with ally bank. Super simple using there portal to upload everything and closed in 2 weeks. 15yr 2.25 keeping balance the same and bringing 2800.00 to closing. Notary showed up to sign all the papers. Definitely was super easy and they were able to skip the appraisal so they refunded me the 550.00. Keep in mind I did not do a escrow for HOI or property taxes.
     
  8. Jan 23, 2021 at 3:23 PM
    #218
    tye

    tye New Member

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    Diamondback cover, flowmaster exhaust, n-fab sliders
    Be careful. You could end up with money in your wallet and bank instead of a credit card and a mortgage:)
     
  9. Jan 31, 2021 at 3:19 AM
    #219
    Innstas

    Innstas New Member

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    Illinois Paris
    This is a very tricky subject. I had a similar problem when I took a loan. I was "green" at this subject and I made some big mistakes. But due to Mortgage Advice Hull, I resolved all my problems. My advice is to hire a specialist that could give you the right piece of advice. These guys that I mentioned, are true professionals. They found easy solutions to my problems. Also, they answered all the questions I had. You could contact them, and I am sure that they will solve your problem.
     
    Last edited: Feb 2, 2021
  10. Jan 31, 2021 at 7:42 AM
    #220
    Stumpjumper

    Stumpjumper New Member

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    I am calling mortgage company on Monday to get my payoff. I fully expect them to push a refinance. When they do I am going to ask if they will refinance based on my unemployment payments. Last time they suggested I refinance I said do you think it makes sense if I am paying it off in 3 years. They said probably not and I said you are correct.
     
  11. Jun 10, 2021 at 10:04 PM
    #221
    aggie_tundra

    aggie_tundra New Member

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    Reviving this thread with the low rates again. Just went from 30yr/3.65% to a 15yr/2.24%. Payment going up a bit, but shaving 10 years off the loan and will save around $100k in interest this way. :thumbsup: Having a house paid off well before retirement will be nice
     
  12. Jun 10, 2021 at 11:18 PM
    #222
    NWPirate

    NWPirate New Pirate

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    No not Seattle, WA
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    Sweet, nice work!
    We did our refi with Aimloan.com this February and got 2.0/15yr with no points. I'll be in the same boat, paid off house 5+ years before retirement.
     
    Medinasmoke and aggie_tundra like this.
  13. Jun 10, 2021 at 11:56 PM
    #223
    Coal Dragger

    Coal Dragger New Member

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    I wanted a faster vehicle so I also bought a Chevy SS... because 4 door sedans with big V8’s are hilarious.
    We did a VA IRRRL down to 2.25% on a fixed 30 at the beginning of the year.

    It was either pay off the mortgage completely which we have the ability to do, or refinance and invest in more property. Unfortunately the market is idiotic right now, so not buying another house for rental purposes like we had planned. At least not a vacation home to do VRBO with.

    Also tossing a wrench in the works is my dad passed away last fall when we were looking for a vacation home. My mom is now in her mid 60’s, widowed and looking to relocate to my area. The current plan being kicked around to keep her quality of living, standard of living, and independence as high as possible for as long as possible is to combine resources and build a nice approximately 4000sq-ft home with two master suites and her own area with a 3-4 car garage. I haven’t even lived in the same town since I was 18 years old, and have been about 850 miles away for the past 15 years.

    My mom has a nice place and owns it free and clear so she’s planning to sell it within the next year. I advised her to sell it now and just move, I have 3000sq-ft and plenty of bedrooms to make it work until the market settles down, or at the very least building materials come down.

    My 3 year old son will be super pumped to be able to see his grandma more often though, and she needs to enjoy her grandson. Sooner would be better.
     
    Njmike13 [OP] and NWPirate like this.
  14. Jun 11, 2021 at 3:26 AM
    #224
    TommyTundra

    TommyTundra New Member

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    Anybody use lending tree at all????
    Good or bad???
     
  15. Jun 11, 2021 at 9:16 AM
    #225
    helloo

    helloo New Member

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    Mike
    Aurora, CO
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    Just did a refi with Better. 15 year 1.75 fixed. .7 point.
     
  16. Jun 11, 2021 at 10:12 AM
    #226
    Netmonkey

    Netmonkey Don't be a Dumbass

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    Icon stage 2 lift, 295 60 20 nitto ridge grapplers, fuel kranks, TRD dual exhaust, TRD rear sway bar
    I started the refi process in November of 2020 and it took 200 days to complete the refi. It was a horrible experience. The refi company totally dropped the ball and communicating with them was impossible. Never ever do business with NewRez. Stay away from that company.

    On the plus side we went from 3.8% to 2.8% and we were able to drop PMI. Our mortgage payment is less than $1k a month now.
     
  17. Jun 11, 2021 at 10:41 AM
    #227
    Hbjeff

    Hbjeff New Member

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    Newrez is the worst. Do not deal with them ever
     
    Netmonkey likes this.
  18. Jun 11, 2021 at 4:04 PM
    #228
    Stumpjumper

    Stumpjumper New Member

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    I have learned after doing a few mortgages that mortgage brokers are a shady bunch
     
    rockmup and Hbjeff like this.
  19. Jun 11, 2021 at 6:32 PM
    #229
    Hbjeff

    Hbjeff New Member

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    my dad has been in the real estate business for 30 years. Even at the age of 15 I described his office as Mos Eisley. A place filled with scum and villainy
     
  20. Jun 11, 2021 at 8:34 PM
    #230
    Blueknights75

    Blueknights75 040 IS THE FASTEST

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    Ron
    Clayton, NC
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    Just completed refinancing mine with Rocket Mortgage...went from 4.1 to 2.8. Highly recommend them! Customer service was beyond exceptional and the entire process took less than 20 days. I will never use another mortgage company other than Rocket Mortgage ever again.
     
    Hbjeff likes this.
  21. Jun 12, 2021 at 6:59 AM
    #231
    Cfincke

    Cfincke Mall Crawler but capable

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    San Antonio
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    5.29s, Auburn LSD, 37x12.50R18, Icon coilovers and shocks, SPC UCA's, Tech 12 Volts sound system, Enve Grill
    I completed my refinance back in late March. Went from 3.875 to 2.375. I had 21 years left on the loan, so with the lower rate I dropped down to a 15 year. For some reason taking out $12k got me a much lower rate than if I did not. So I used the $12k to pay off our travel trailer since it was at a 7% loan. All in all, with the camper loan paid off and reducing 6 years off my home mortgage, my payment is the same as my previous house payment and camper payment. I will break even on the refinance after 2 years and we plan on living here at least 3 more years, at which point both vehicles will be paid off.
     
    TheBeast, blackoutt and aggie_tundra like this.
  22. Jun 12, 2021 at 10:07 AM
    #232
    TheBeast

    TheBeast The Beach

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    I stayed on a 30 year mortgage and use extra income to invest in stock market and crypto memes :) ROI of over 35%.
    Sometimes its good to carry some debt to free extra income for other things.
     
    Hbjeff likes this.

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