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I wish Chase's underwriters are as smart as you guys. This is a refi and not a new home purchase so I cannot go with the builder's lender. I escalated it but dont really expect a reconsideration from Chase for reasons mentioned by Happiness above.

In hindsight, I should've gone with a local lender who is more familiar with OC/Irvine real estate.

Chase I explained that ours is a detached condo and that we have our own homeowners insurance. I confirmed this with the insurance broker of our community and they said that normally the community's insurance is for common areas only. It's too late to shop for another lender now that the...

yes, it has to be from the sub-association but unfortunately they do not have it and according to the lender i will never be able to get a loan if the community does not have it >:(

2 HOAs - both have insurance for common areas only. Lender is looking for walls-out/studs-out coverage for the community

Exactly. But this lender just declined my refi because the community does not have the insurance for building coverage. Since this is a detached condo, I was under the impression that each unit is responsible for their own building. They said my home insurance is for walls-in coverage only.

I do and it is through AAA home insurance. However, the lender is saying that the community/HOA must have building insurance not just common areas.

Detached condo but the lender is saying that it does not matter. I tried to argue that we do not share a wall with anyone.

The lender is saying that my community does not have building coverage and that is required. My community's coverage is for common areas only. I'm hoping someone who has knowledge in mortgage underwriting can chime in and give an opinion. If that kind of coverage is absolutely required and my...

The declaration page I received from my HOA covers those too but my lender is insisting that it is missing a "master insurance" that is required. I also have my own hazard/walls-in insurance through Triple A. I'm confused as to what other community/condo/HOA insurance we are missing.

Yes, I got a copy of the declaration page but my mortgage bank is asking for a master insurance policy and the one provided by my HOA only covers common areas. Apparently there is another insurance I should be able to provide to get my refi application going.

Were you able to get proof of community master insurance from the HOA(s)?

When you have a loan estimate offer from a lender, is it okay to share that with another lender to match?

Anyone with previous experience with Home Mortgage Experts? Considering refinancing right now and shopping for lenders. Currently with Chase and got an offer from to refinance. Thanks for your inputs/thoughts

I agree. Citizenship should be "jus sanguinis" instead of "jus soli"

Please vote for your favorite Irvine high school(s) VANS CUSTOM CULTURE CONTEST

^ that link is for students who are seeking exemption from PE by earning credits outside the school. If I understand correctly, the OP was asking if his/her daughter can avoid PE by competing for the school on her preferred discipline during Spring sem only @abcd1234, I asked my son and he...

Track & Field is a spring sport (currently in season) but I'm pretty sure my son did not have to do PE during Fall semester when T&F was not in season. I suggest talking to her counselor to make sure.

I think the easy answer is for her to join the JV/varsity swim team. My son plays club hockey but since the school does not have an official hockey team (although he represents the school in the high school hockey league), he decided to join the school's track & field team to avoid PE. Your...

Incorrect. L2 is required for faster charging. Does everyone need fast charging (L2)? No. But if you want faster charging at home, an L2 is required. Most EVs come with standard L1 which is trickle charging.