Irvinehomeseeker
Active member
Intelliloan is offering 1.875 rate and APR for 15 yr fixed.
How low can we go? 30 yr fixed at 3.75% with no fees...
- Thread starter ps99472
- Start date
woodburyowner
Well-known member
Locked at Loan Cabin - Conventional, 20 year, 2.375% w/ $6200 lender credit. No lender fees, just standard refi costs. Hope I'm not in for a world of hurt again. My last refi with them took a bit over 6 months and then another 3 weeks after close to fix some paperwork issues.
UrvineLegend
New member
I'm signing the docs tomorrow. That's 10 days from start to signing. Can't believe how fast this took, compared to the last one.
Anyhow, 1.875% rate/APR, no point, no fee, conventional, 15-year fixed refinance w/ Owning
Well, my current lender is including $230 charge (recording & prep) in the payoff amount, so I guess it's not truly no fee. But at least Owning is not charging me any fee.
Anyhow, 1.875% rate/APR, no point, no fee, conventional, 15-year fixed refinance w/ Owning
Well, my current lender is including $230 charge (recording & prep) in the payoff amount, so I guess it's not truly no fee. But at least Owning is not charging me any fee.
Oregon Duck
New member
Anyone work with RedDoor? I'm locked in at 2.25 on a 20 year fixed
$2860 lender credits
-
loan costs for underwriting and other services $2329
Looks like they are working with Quicken as it says Quicken will service the loan and the loan portal is through thatsmymotrgage.com (Quicken)
The only thing I don't like is that load is not assumable. Not a deal breaker really.
$2860 lender credits
-
loan costs for underwriting and other services $2329
Looks like they are working with Quicken as it says Quicken will service the loan and the loan portal is through thatsmymotrgage.com (Quicken)
The only thing I don't like is that load is not assumable. Not a deal breaker really.
irvinehomeowner
Well-known member
Need to retitle this thread.
30/3.75% fixed is so 10 years ago.
30/3.75% fixed is so 10 years ago.
sgip
Well-known member
@OCtoSV - $822k depends on the County. LA/OC, yes. Ventura - $739,450, SB/Riverside is $548,250. San Diego comes in at $753,250. Oddly enough, Santa Barbara County is $660,100. That loan limit is about the same as a mobile home in the area.
I saw a change in one of our Jumbo providers that they are now "Tiering" loan to value options within specific counties based on their view of risk. This happened during the Great Recession when lenders refused to go beyond certain loan to values based on how the County was economically fairing. It surprised me to see this sort of preemptive price changes being rolled out by a household name branded lender. If they did this, expect others to follow suit. Price appreciation has been nice, but some banks are perhaps getting cautious.
I saw a change in one of our Jumbo providers that they are now "Tiering" loan to value options within specific counties based on their view of risk. This happened during the Great Recession when lenders refused to go beyond certain loan to values based on how the County was economically fairing. It surprised me to see this sort of preemptive price changes being rolled out by a household name branded lender. If they did this, expect others to follow suit. Price appreciation has been nice, but some banks are perhaps getting cautious.
Oregon Duck
New member
Best quotes I got were from RedDoor and BNC Bank. BNC was through Zillow. All the Big Box shops couldn't compete and honestly were a pain in the ass to deal with. Funny thing, it seems RedDoor just a private label for Quicken as all my initial doc signing went then thasmymortgage (quicken).
If you want a great quick quote to then shop around or just lock in the RedDoor app was super fast and easy.
Still holding BNC in back pocket if cost/rates for more. They are 1k more in lender credit but had already locked in really don't want to start all over. Trying to see I can squeeze a bit more credit from RedDoor. Pretty sure they are floating the rate with their secondary as I didn't pay anything to "lock". Unless I am just old now and $400 lock fees are no longer a thing.
If you want a great quick quote to then shop around or just lock in the RedDoor app was super fast and easy.
Still holding BNC in back pocket if cost/rates for more. They are 1k more in lender credit but had already locked in really don't want to start all over. Trying to see I can squeeze a bit more credit from RedDoor. Pretty sure they are floating the rate with their secondary as I didn't pay anything to "lock". Unless I am just old now and $400 lock fees are no longer a thing.
irvineshadow
New member
I finally signed with the notary on Monday. What an ordeal
irvineshadow said:
What was the issue and who did you refi with?
In other news, rates took a pretty hard beat yesterday and today so if you locked in the last few weeks great for you! We had a good 2-3 week window where it was prime to refinance again where we were seeing 2.375% 30 fixed no cost. Rates are up about 0.25% now in just the last few days.
Even Owning adjusted their ads to be 2.625% with cost. I can still do most conforming at 2.625% no cost (depending on full scenario of course).
Angels_Baseball_2015
Member
I hope it's able to come back down this month?
Angels_Baseball_2015
Member
What do you guys think about Better.com and their $2000/$6000 American Express statement credit? I suspect Better.com probably factors in that American Express discount when offering their rates, thus making it a wash out? Thanks!