akirvine79
Member
Hello TI folks,
I'm a first time home buyer and shopping around for a mortgage for IP's new home.
I'm expecting my close of escrow in 2.5 month from now on.
IP sales office staff told me that if I'm considering outside lenders, 98% of the other lenders did not close on time for them. So I may need to charge $400+ per day late fee. 98%??? How often does this late closing happen with IP? How many days did you take for your escrow closing?
At the moment, I only looked at two lenders. Builder's lender(OnQ) and Wellsfargo.
I read another thread that comparing OnQ and Wellsfargo and I read SGIP's very good advice choosing lenders at Stonegate. It was really helpful to me. Thanks!
As other TI folks said, Wells offered me a good rate for 30 year fixed Jumbo loan. I haven't got an offer from OnQ yet but if the offer from Wells is much better than builder's lender, should I really consider "98%" warning from sale's office?
And I just heard radio ads that Citi bank's home mortgage provide "on time closing guarantee". I don't know what that is but does anyone have experience of using Citi's mortgage?
Thanks in advance!
I'm a first time home buyer and shopping around for a mortgage for IP's new home.
I'm expecting my close of escrow in 2.5 month from now on.
IP sales office staff told me that if I'm considering outside lenders, 98% of the other lenders did not close on time for them. So I may need to charge $400+ per day late fee. 98%??? How often does this late closing happen with IP? How many days did you take for your escrow closing?
At the moment, I only looked at two lenders. Builder's lender(OnQ) and Wellsfargo.
I read another thread that comparing OnQ and Wellsfargo and I read SGIP's very good advice choosing lenders at Stonegate. It was really helpful to me. Thanks!
As other TI folks said, Wells offered me a good rate for 30 year fixed Jumbo loan. I haven't got an offer from OnQ yet but if the offer from Wells is much better than builder's lender, should I really consider "98%" warning from sale's office?
And I just heard radio ads that Citi bank's home mortgage provide "on time closing guarantee". I don't know what that is but does anyone have experience of using Citi's mortgage?
Thanks in advance!