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GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
43689 posts
 Online 

How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Is everyone just backed up and busy as hell right now? I'm going crazy because I'm literally just sitting on my arse waiting for people to prepare paperwork at this point. I haven't had to do anything on my end for the past month.
This post was edited on 9/14 at 10:15 am


SDVTiger
Hawaii Fan
Cabo San Lucas
Member since Nov 2011
55588 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
15 days

10 weeks. Fire their arse


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160
Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
5699 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
I just got a 2.5% on 15 yrs from a 30yr 3.75%

First contact was Jul 4th,
Closed yesterday.

I took out some money and my house appraised for way more than we were expecting so I had to up my homeowners coverage which added about 2 weeks. I also don't escrow anything, not sure if that matters.
This post was edited on 8/20 at 3:20 pm


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whiskey over ice
Texas Fan
Member since Sep 2020
1099 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Less than a month with better.com


GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
43689 posts
 Online 

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
So I'm getting fricked, got it. I'm on them now.


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51
dltigers3
LSU Fan
Collierville, TN
Member since Jun 2010
1696 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
I just submitted everything through better.com

Hoping everything goes smoothly. Only two things I’m worried about are my house is worth about 25k more than my current homeowners coverage, but that is due to the retarded housing market in the past 2 years.

Also concerned because my wife was on unemployment for 5 weeks last year while her office was shutdown for Covid. But I’m sure they are seeing a lot of that lately


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
26230 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Does your bank rhyme with "Chase"?



GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
43689 posts
 Online 

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
quote:

Does your bank rhyme with "Chase"?


Shit


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
5699 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Depending on how much your coverage is now, 25k more should not cost you much at all. I needed 35k more, ended up just increasing it by 25% which actually gave me like 75k more....costed me $57

And ETA: I've heard CHASE is a nightmare to refinance with. I got the company I used from someone that started with them and then gave up and switched.
This post was edited on 8/20 at 4:27 pm


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
26230 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
quote:

Shit


My mom tried to re-fi with them since her mortgage was with them (bought by them after a couple of other stops) and it was a nightmare... she didn't have a single point of contact... they kept sending her docs that didn't match what they told her, etc.

So she said never mind but also doesn't want to work with anyone else now cause she's annoyed.

And last time she went to Chase branch they asked her about doing a re-fi and she about lost it lol.


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GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
43689 posts
 Online 

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
quote:

And ETA: I've heard CHASE is a nightmare to refinance with


It is just....idk....it moved swiftly at first. Then a month in, once the appraisal was complete, everything just came to a halt. I'm just confused.

I just found out that the attorney has been fine. So clearly it is the bank that just sucks. This shouldn't be hard. It is an easy, relatively small, fixed rate loan. I'm not a complex customer. I feel duped. But I'm so far in, and the attorney has performed billable services, so I guess I'm past the point of no return.
This post was edited on 8/20 at 4:41 pm


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tigeralum06
LSU Fan
Member since Oct 2007
2300 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Better dot com. 2.75% 30 yr note with 3,800 in lender credits. They paid me to refinance.


HailToTheChiz
Auburn Fan
Back in Auburn
Member since Aug 2010
40444 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
30 days


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gpburdell
Georgia Tech Fan
ATL
Member since Jun 2015
898 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Closed in 14 days with Better back in late May. Buddy of mine closed in 10 days with Better in July.


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20
jimbeam
US Army Fan
University of LSU
Member since Oct 2011
73062 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Yo!!


LSU1018
LSU Fan
Baton Rouge
Member since Feb 2007
7013 posts
 Online 

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
I would say an average time for most lenders these days is 3-4 weeks. If you tell them, you want to close quickly, most can make it 2-3 weeks if you get them everything they need quickly.


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10
TMFBB21
Baton Rouge
Member since Mar 2021
108 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
If it doesnt go well, remember there are local companies who will get it done ASAP. And when you call more than once, you speak to the same person


dltigers3
LSU Fan
Collierville, TN
Member since Jun 2010
1696 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
I’ve actually been pleasantly surprised with better.com on this issue. I have had one rep that I have dealt with. He immediately gave me his direct line and email when I first got pre approved. I can also text him. Extremely convenient so far


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20
supadave3
LSU Fan
Houston, TX
Member since Dec 2005
26051 posts

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
GMFS will get you closed about as quick as anyone out there and they have local offices so if you need to see some someone, you know where they work. Plus, good relationships with all the local title offices. No, I don’t work there but still know that they conduct efficient and honest business.


GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
43689 posts
 Online 

re: How long are mortgage refis taking these days? I'm coming up on 10 weeks. (Update 9/14)
Coming up to 90 days.

We're ready to close.

I am jealous of those of you who had such an easy time doing this.
This post was edited on 9/14 at 10:33 am


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