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Yea, I was just trying to see what the rates available were online -- didn't want to talk to anyone -- and I was FLOODED.
For brokers, I know people and most of which I don't know their company names. Most brokerages have like 1-10 people in the whole company. I looked up Allied and they are not a brokerage but a retail direct lender.
PM me your contact info and your state and I can pass on to a broker in your state for you.
Could be. This was NJ on a refi with almost 50% equity. The process also took a while so we locked when the rates crashed.
Also it’s a 15yr. I have friends who just locked on a purchase on 2.875% for a 30 last week. Not sure if it’s just the area.
18 yr likely getting basically 20 yr rates which is mostly pricing out like 30 yr
No clue how Canadian lending goes. It is a bigger barrier than the language difference for sure between our two countries.
ya, I have zero idea of the differences, aside from in University, we had a prof that was from Boston area, who made several mentions to the Canadian financial process being "miles ahead" during/after the NINJA loan craze that hit the US.
It depends.
I presume you mean so you can sell the house and give the mortgage to the buyer, making the purchase more appealing. Question.... do you expect the the buyer to pay you in cash for the difference in equity? I suppose if you have very little equity now and expect real estate prices to not increase in value with the norm of 5% a year or even decline, then it makes sense. If you have a decent amount of equity and property values increase then you are basically looking for a cash buyer that doesn't want to use up all their cash and get a low rate on the rest.
If it makes you feel any better.... title companies along with notaries have taken about 10 years off of my life this week.
I don't know how you do it brother. I've been unable to refinance for 6 months now b/c of these mofos. My mortgage guy has put in twice as much effort as these jackasses to get this cleared up and its not even his job.
Good points, I was really just thinking about the salability of the property, say, 5 years from now if interest rates go through the roof. I would assume the buyer would still find value in assuming the remainder of my note then opening a second mortgage to make up the difference in cash owed to me for my equity. I don't know if it makes sense because I know a second mortgage right off the bat could get complicated, but if interest rates skyrocket wouldn't it be worth the hassle?
I don't think you id that bad and when you look back thru financial history we are still in all time low territory over the last year/two years plus...I thought the low 4s was great 3 years ago when we bought where we live now. It's all relative and sure it's great to pay the lowest amount on your house but other things factor into financial independence and long term health.My re-fi in March from a 30 yr @ 3.75 to a 15 yr @ 2.875 is now looking rough with all these 15 yr loans at 2.25%. I moved too early!!!!
I'm positive others have similar posts but this exactly what Johnnie Come Lately is looking for in here. That almost sounds painless.
It was. And I mentioned in one of my earlier posts that I literally did not speak to anyone until the title company representative showed up at the house last week with the hard copies for me and my wife to sign. The rest including all of the details with the lender were handled strictly via e-mail and esignature.
Mind if I ask, cash-out or just a regular refi? I’m taking cash out and was told the rate would be a little higher when taking cash out.
I'm jealous that you are done paying it in 10 years, that's almost as short as a car note, well done sir.
