Author Topic: How low can we go? 30 yr fixed at 3.75% with no fees...  (Read 598618 times)

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Offline irvinehomeowner

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2835 on: November 17, 2020, 07:46:39 AM »
2.875% on a jumbo is pretty good right? I think the last time I refi'd it was 3.75 (this thread title). I have to go check.
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Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2836 on: November 28, 2020, 12:01:01 PM »
I locked in a refi for a refi on my rental in Aliso Viejo with a rate of 3.125% (current rate is 3.75%) at no cost and appraisal was waived (loan around $285k with LTV of 43%).
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Offline spygame

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2837 on: November 28, 2020, 11:34:26 PM »
I locked in a refi for a refi on my rental in Aliso Viejo with a rate of 3.125% (current rate is 3.75%) at no cost and appraisal was waived (loan around $285k with LTV of 43%).

I am looking to refi my rental, where did you get that rate?

Offline Cares

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2838 on: November 29, 2020, 02:04:27 AM »
I locked in a refi for a refi on my rental in Aliso Viejo with a rate of 3.125% (current rate is 3.75%) at no cost and appraisal was waived (loan around $285k with LTV of 43%).

I am looking to refi my rental, where did you get that rate?

I can get similar rates. Send me a PM with your loan info and I'll let you know what I can do.

Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2839 on: November 29, 2020, 09:25:45 AM »
I locked in a refi for a refi on my rental in Aliso Viejo with a rate of 3.125% (current rate is 3.75%) at no cost and appraisal was waived (loan around $285k with LTV of 43%).

I am looking to refi my rental, where did you get that rate?

Loan Depot
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

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Offline irvinehomeowner

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2840 on: December 04, 2020, 07:33:36 PM »
Keeps going lower. When will it stop?

As soon as I refi. :)
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Offline Cornflakes

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2841 on: December 05, 2020, 12:13:31 PM »
Anyone has any experience with HSBC mortgage here? Their rates, fees, efficiency etc. better/worse than others?

Offline HMart

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2842 on: December 07, 2020, 02:36:19 AM »
Anyone has any experience with HSBC mortgage here? Their rates, fees, efficiency etc. better/worse than others?

Awful application process and awful rates when we were once HSBC Premier. Significantly worse than BofA/Chase/Wells.

Offline Cares

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2843 on: December 07, 2020, 11:40:13 AM »
I would typically avoid all retail banks for loans except maybe Jumbo loans. Go wholesale through a mortgage broker for the most competitive rates.

Offline aquabliss

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2844 on: December 07, 2020, 02:25:48 PM »
I heard on the radio this morning Interactive Mortgage advertising 15yr 1.75% Rate & APR no fee loan, 60% LTV non-Jumbo.  Then later I checked their website and it says 1.99%.  May give them a call anyhow and see what they can do. 

Anyone have any experience with them before?

Offline Bullsback

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2845 on: December 07, 2020, 03:29:02 PM »
I heard on the radio this morning Interactive Mortgage advertising 15yr 1.75% Rate & APR no fee loan, 60% LTV non-Jumbo.  Then later I checked their website and it says 1.99%.  May give them a call anyhow and see what they can do. 

Anyone have any experience with them before?
I just went through them (but at 1.99%) and they delivered as advertised. In fact- when I called them they told me ignore the rate on the website (which at the time was 2.25) because they had a special that just came up for 1.99% (no cost / no fees).  I was skeptical - but they delivered. Expect some silence in the middle (and I think there online reviews would indicate it) but ultimately it was a pretty hassle free process (whole thing took somewhere around 30 days). 

Offline Irvinehomeseeker

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2846 on: December 07, 2020, 06:22:58 PM »
I am being contacted by owning now with a 2.25% rate/APR, but when i refinanced a couple of months ago the lender added an amendment to note that has language to prevent me from paying off early within 6 months (stating I need to pay 6 months interest). There is no prepayement penalty mentioned in the Mortgage Note or the Mortgage statement. Could the current lender come after me based on the note amendment ?

Offline aquabliss

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2847 on: December 07, 2020, 10:54:21 PM »
I am being contacted by owning now with a 2.25% rate/APR, but when i refinanced a couple of months ago the lender added an amendment to note that has language to prevent me from paying off early within 6 months (stating I need to pay 6 months interest). There is no prepayement penalty mentioned in the Mortgage Note or the Mortgage statement. Could the current lender come after me based on the note amendment ?

If the current lender is smart, they will just include that 6months of interest in their payoff quote to the new lender, then you won't be able to close your current loan without meeting the payoff (which already includes the interest in the amendment).

I wonder if owning.com has this minimum 6mo interest payment.  Anyone know? 
 

Offline Irvinehomeseeker

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2848 on: December 07, 2020, 11:03:33 PM »
Sounds good. So the payoff statement should indicate that 6 months interest following the amendment to note. I will find out more.
Doesnt look like owning adds the 6 month thing. They found this rather very uncommon when i mentioned the 6 month prepayment fee.

Offline Cornflakes

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #2849 on: December 08, 2020, 10:27:51 AM »
Anyone has any experience with HSBC mortgage here? Their rates, fees, efficiency etc. better/worse than others?

Awful application process and awful rates when we were once HSBC Premier. Significantly worse than BofA/Chase/Wells.

Thanks for the insights. Just opened premier acct with them and the rates they quoted on Jumbo seemed decent, but it will be crappy situation if they don't have a good process behind it to close. Will definitely check out wells and chase.

 

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