JFC, Would it kill you people to post at least who you are refinancing with if you’re getting a good rate?

3/9/2020 11:10:27 PM

Agreed, and the terms

3/9/2020 11:29:09 PM

USAA, VA IRRRL Loan, 30 years
3.625 -> 2.875

3/10/2020 7:26:45 AM

Nice. Is that actually through USAA or is it through PHH Mortgage Services?

3/10/2020 9:49:46 AM

USAA, but they'll hand it to PHH after the paperwork to manage the loan

3/10/2020 10:10:04 AM

I've been using North State Bank for 8 yrs. Thinking about refinancing and switching to USAA or Quicken Loans.

3/10/2020 11:00:31 AM

Quicken charges a lot in closing costs around origination. they know that they have the volume and that most people look at the rate, not the APR, so they can get away with it.

They are great to take as a competitive quote, but not the best to use overall.

3/10/2020 11:16:58 AM

OK, I'll keep that in mind. Thanks for sharing.

3/10/2020 11:20:14 AM

loanpronto quoted me 3.375% down from 4.625%, but man i was expecting something lower.

3/12/2020 8:38:51 AM

You waited too long.

3/14/2020 12:38:29 PM

Now they are going up as underwriting departments are overwhelmed and can’t process them quick enough.

3/14/2020 3:50:21 PM

Anybody know any zero or low closing cost refinancers out there?

[Edited on March 24, 2020 at 11:41 AM. Reason : Z]

3/24/2020 11:41:17 AM

Miller lending advertises that in Raleigh, I tried calling a few weeks ago just trying to get a quote, and they never called back.

3/24/2020 11:52:50 AM

always gonna be a higher % with those guys right?

[Edited on March 24, 2020 at 1:43 PM. Reason : guess it makes sense if you're planning on moving within x years]

3/24/2020 1:43:08 PM

I close on my refi in a few weeks. VA IRRRL loans are awesome, I didn't have to do anything.

3/24/2020 9:18:32 PM

Wyndham Capital is a zero cost lender...closing Thursday at 3.125% and no points...

3/30/2020 9:13:05 PM

Closed in my garage...closer said he closed one last week under someone's deck...interesting times.

Also told me he had a guy get 2.6% fixed for 30 years, but didn't know the bank or if he bought it down....

Mine closed at 3.125%...$1,550 in closing credits and $1,260 in closing costs (plus tax/insurance escrow - just front loaded but not a "cost")

4/2/2020 1:09:31 PM

I called Wyndham and got the 3.125% rate on a 30 yr Fixed, but there's substantial closing costs ($6k or so). I'm on a 7/1 ARM with 5 years left at 4%. Unsure whether to move forward or not.

4/5/2020 4:50:37 PM

If you are at 4%, you may consider getting a higher rate loan that offers points towards closing.

Instead of going to 3.125%, maybe you just go to 3.5%, but instead of paying $6K in points, you get X back in lieu...after all, just looking at costs relative to savings. Wyndham doesn't charge points, so transactional fees should be below $2K (appraisal, title insurance, etc.). If you owe $250K+, a half point would pay for those costs in 2 years...golden beyond that.

I was in their upper eschelon package, as I put 50% down, have credit above 800 and was just doing rate/term (no cash out)...was pretty easy with $450K in equity in my house.

4/6/2020 10:16:32 AM

I have yet to find a lender better than provident.com

4/6/2020 4:16:31 PM

Wyndham offered me 2.625% on a 15 year fixed today, or 2.25% with $10k in closing points. The lower rate doesn't even really make sense, as it only saves you $3k total over the life of the loan. I think I'd be better off throwing that $10k in the stock market right now.

4/6/2020 5:16:20 PM

I semi-completed my application for Wyndham, they spam called me by spoofing their number as a local number and not leaving a voicemail. I asked why dude bs said to cut-cost on long distance...I don't even live in the same area code as my number.

4/6/2020 9:27:04 PM

Quote :

"Wyndham Capital is a zero cost lender...closing Thursday at 3.125% and no points..."

but there is still some closing costs, correct?

4/7/2020 8:31:55 AM

^^started filling out their online application, got to the point where they showed a big disclosure that they would use your info and contact for ads and share with others, and closed that shit

4/7/2020 9:42:45 AM

Closing costs were pre-paid taxes/insurance, which I get back from my other mortgage that is getting paid off. I will have to prefund a little more than I'll get back, but then I'll either get it back or get a reduction next year after taxes fund and insurance renews...

4/7/2020 10:25:55 AM

Provident was good. But I used them as a competitive quote and then got that rate with my primary bank (BofA).

I am at 3.375%. Rates swing pretty wildly by day these days, so you could end up with 4% on one day and then 3.5% at the same points the next day. My 3.375% came at a cost of $5,739 if you exclude escrow. Even though my credit is above 800 and I only owe 60% on the home, the point of my loan is a cash out for a home renovation, and cash out comes with a rate premium. I'd probably have gotten 3.375% with no points otherwise.

4/7/2020 12:17:26 PM

Quote :

"Closing costs were pre-paid taxes/insurance, which I get back from my other mortgage that is getting paid off. I will have to prefund a little more than I'll get back, but then I'll either get it back or get a reduction next year after taxes fund and insurance renews..."

That's impressive. I was only able to get 3.375% in a similar situation as you

[Edited on April 7, 2020 at 1:34 PM. Reason : ]

4/7/2020 1:28:24 PM

Wyndham Capital out of Charlotte beat them for me recently. Brother called Wyndham and locked in at 3.125% with $4K closing credit yesterday. Ask for Kent Cherry and tell him Jake sent you.

4/8/2020 7:52:11 AM

I reached out to them yesterday. Better rate, but pricing is changing hourly I didn't get a credit that good

4/8/2020 11:24:57 AM

The credit is tied to the loan value, so if you are borrowing $400K, u may get more than if you are borrowing $200K.

Best rates are for 720+ credit, rate/term (no cash out) refis with 25%+ equity...

4/8/2020 12:02:22 PM

what are 15 or 10 year rates down to?

4/8/2020 12:46:54 PM

Just locked in at 3.375% on 20 year fixed through Provident, $230 in points, ~3500 in closing costs. Was 4.5 years into 30 year mortgage with 5 year ARM, at 4.25%. Monthly payment is about what we pay now, but we are planning on this being our forever home, so basically knocked 5 years off what we had left and got lower rate. I think (hope) that makes sense to do. This shit makes my head hurt.

4/8/2020 3:37:11 PM

Just closed today.

4/8/2020 3:39:15 PM

I went through Wyndham Capital's online tool and it was saying 5% for 30 year fixed...

4/8/2020 4:29:39 PM

^^^I was quoted 2.625% on a 15yr and 3.125% on a 20yr.

4/9/2020 7:13:10 PM

closing costs?

4/10/2020 11:28:46 AM

^^same. 3.125 on a 30 yr. took it to my current lender (Wells Fargo) and they matched it, plus I saved on not having to move escrow and get an appraisal.

4/10/2020 1:16:07 PM

^^^where did you get the quote from?

4/10/2020 1:40:19 PM

^^^I believe $1600 is what Wyndham they told me for closing costs, although I didn't write it down. I wanted to take the offer to Wells Fargo and see what they would do, since I do a lot of banking with them and have my current mortgage with them.

4/13/2020 3:00:47 PM

Why would anyone at this point bank with Wells Fargo?

4/13/2020 6:10:23 PM

I'm curious what rates people are getting with $0 closing costs. I closed yesterday on 3.25/20 years.

4/25/2020 8:14:03 AM

2.875% was my rate, closing cost was essentially 0, I owed less than a dollar at close. 30 year IRRRL

4/25/2020 9:02:48 AM

where'd u find 2.875% for a 30?

4/25/2020 9:54:58 AM

Usaa

4/25/2020 10:04:01 AM

Blarg

30-Year Conventional Loan Interest 3.625%
https://www.usaa.com/inet/wc/bank-real-estate-mortgage-rates?akredirect=true

4/27/2020 11:22:37 PM

I've already got a 15 year at 3%. Probably not worth it to refi right?

5/22/2020 10:30:21 AM

This is probably a stupid question but could I simply point these rates out to SECU and convince them if they don't drop mine I'm gone?

5/22/2020 11:11:00 AM

Think that would be a pointless exercise

5/22/2020 11:32:22 AM

I think other banks you may have a chance at getting to match rates you’ve been quoted, but I think SECU operates a little differently, don’t think it would work with them

5/22/2020 11:39:38 AM

Just locked in 2.875 on a 30 yr term. Had the option for 3% down to save a bit on closing costs, but we'll break even on that savings after 5 years with the lower interest rate.

Lender is Central Bank.

[Edited on May 22, 2020 at 3:04 PM. Reason : ,]

5/22/2020 3:03:33 PM