Any mortgage experts on the forums?

[Let3]

What’s the opinion on the rates over the next 2 months?
Worth locking something in or wait it out?

[zagguru]

Anyone use Approved Funding in NJ? Are they legit?

[am32]

What’s the opinion on the rates over the next 2 months?
Worth locking something in or wait it out?

It's pretty unlikely we'll see things drastically lower.  Rates are already basically at historic lows but are fluctuating a bit near that territory.

[BarryLincoln]

Anyone use Approved Funding in NJ? Are they legit?

Very much legit.  Owner is a friend and and ehrlicheh guy...

[zagguru]

The finance the loan and then eventually contract it to a big bank?

[BarryLincoln]

The finance the loan and then eventually contract it to a big bank?

Don't know but I imagine that they will sell it off.

[zagguru]

any recommendations for a title company? The lender offers the option to outsource that to save money on those fees.

[BarryLincoln]

any recommendations for a title company? The lender offers the option to outsource that to save money on those fees.

Madison Title in Lakewood.  Used them last go around.  Worked great. Very responsive.  Friend is a contact.  Happy to provide his contact info.

[zagguru]

Madison Title in Lakewood.  Used them last go around.  Worked great. Very responsive.  Friend is a contact.  Happy to provide his contact info.

That would be great. Please PM info and also how much he charged you

[username]

I work for a mortgage company and can confirm that we are doing this.  If you are looking to refi (you should be) send me a PM and I can help.

  Thanks for the contact. Closed before Pesach and just got the 500 dollars!

[zagguru]

  Thanks for the contact. Closed before Pesach and just got the 500 dollars!

$500 for what?

[am32]

$500 for what?

I work for a major mortgage company and anyone who I refer can get $500 back after closing.  PM me if interested.

[zagguru]

anyone here use better.com?

[shmaltz]

A relative of mine needs to close on an investment home (Doing this as a favor for someone that just got a hud voucher but owns their home - fully legal and all) within the next few weeks and needs to have 65k to put down but only has 45k in the bank/ retirement account. The banks are not allowing for money to be borrowed. Any ideas on how to make up for this 20k difference?

[yelped]

A relative of mine needs to close on an investment home (Doing this as a favor for someone that just got a hud voucher but owns their home - fully legal and all) within the next few weeks and needs to have 65k to put down but only has 45k in the bank/ retirement account. The banks are not allowing for money to be borrowed. Any ideas on how to make up for this 20k difference?

Will they allow gifts?

[shmaltz]

Will they allow gifts?

No. Since it’s an investment property they don’t think it’s logical that someone would give money as a gift.

[isrealsuits]

Will rates go up or down? How low do you think it will go?

[am32]

Will rates go up or down? How low do you think it will go?

I think it's unlikely we'll see rates go much lower.  They have been staying in the same range give or take for the last few weeks.

[BarryLincoln]

I think it's unlikely we'll see rates go much lower.  They have been staying in the same range give or take for the last few weeks.

Out of curiosity, where are rates these days (roughly)?

[am32]

Out of curiosity, where are rates these days (roughly)?

Really depends on many factors but they are at or near 10 year lows.