Author Topic: Any mortgage experts on the forums?  (Read 14364 times)

Offline ltttc

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Re: Any mortgage experts on the forums?
« Reply #45 on: February 28, 2020, 03:27:38 PM »
Are rates expected to drop more now with the market tanking?
No one knows the future but I believe rates dropped today once more as they are factoring in another 1/4% decrease which they believe the Feds will announce March 17-18

Offline yr

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Re: Any mortgage experts on the forums?
« Reply #46 on: March 03, 2020, 09:35:23 AM »
Is it true that I can't refinance within six months? Or is it just with the same banker/broker? I closed in December and my guy says I need to wait six months.

Offline hvaces42

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Re: Any mortgage experts on the forums?
« Reply #47 on: March 03, 2020, 01:11:10 PM »
Is it true that I can't refinance within six months? Or is it just with the same banker/broker? I closed in December and my guy says I need to wait six months.
He will probably lose his commission if you do.
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Offline YankyDoodle

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Re: Any mortgage experts on the forums?
« Reply #48 on: March 05, 2020, 04:22:49 PM »
Can anyone send me a contact for someone who can offer a good refi rate? Best I can find with quick research is 3.6 and I know it should be lower currently. Thanks!

Offline zagguru

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Re: Any mortgage experts on the forums?
« Reply #49 on: March 05, 2020, 07:50:41 PM »
Anyone out there that can explain to me what CEMA is, especially in NY. I tried googling it, but none of that stuff made sense to me. Not sure if I want it, or dont want it.

Offline Pinreb

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Re: Any mortgage experts on the forums?
« Reply #50 on: March 05, 2020, 08:59:59 PM »
Anyone out there that can explain to me what CEMA is, especially in NY. I tried googling it, but none of that stuff made sense to me. Not sure if I want it, or dont want it.
It saves you from paying mortgage tax when refinancing.

Offline ltttc

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Re: Any mortgage experts on the forums?
« Reply #51 on: March 05, 2020, 09:47:49 PM »
Can anyone send me a contact for someone who can offer a good refi rate? Best I can find with quick research is 3.6 and I know it should be lower currently. Thanks!
That's not too bad. Rates jumped up today.

Offline zagguru

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Re: Any mortgage experts on the forums?
« Reply #52 on: March 05, 2020, 10:15:42 PM »
It saves you from paying mortgage tax when refinancing.

Is there a downside to it? A broker told me it only makes sense if the loan is above 500k

Online Geshmak25

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Re: Any mortgage experts on the forums?
« Reply #53 on: March 05, 2020, 10:18:57 PM »
That's not too bad. Rates jumped up today.
Whyd they go up when the 10 yr treasury continued to go down?
PUTPAC = PITA

Offline hvaces42

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Re: Any mortgage experts on the forums?
« Reply #54 on: March 08, 2020, 12:33:37 AM »
Is there a downside to it? A broker told me it only makes sense if the loan is above 500k
Broker is just trying to close deal quicker. Almost never true. Cost of mortgage tax is almost always more than the cost of getting Assignment of mortgage. Unless rates will jump.
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Offline davidd75

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Re: Any mortgage experts on the forums?
« Reply #55 on: March 11, 2020, 05:57:00 PM »
whats  good website to compare refinance mortgage ballpark rates without a hard pull?

Offline zagguru

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Re: Any mortgage experts on the forums?
« Reply #56 on: March 11, 2020, 07:20:55 PM »
Rates have gone up since Friday. Banks cant handle the demand

Offline markram

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Re: Any mortgage experts on the forums?
« Reply #57 on: March 11, 2020, 10:00:21 PM »
whats  good website to compare refinance mortgage ballpark rates without a hard pull?

Aimloan.com is my personal favorite. They're super transparent.

Offline davidd75

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Re: Any mortgage experts on the forums?
« Reply #58 on: March 12, 2020, 09:39:52 AM »
Aimloan.com is my personal favorite. They're super transparent.
tried it but looking for site that that has multiple soft offers from lenders without hard inquiry
also they require a minimum of $50,000 loan which I am not interested in right now.

Offline chff

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