- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Just locked a 15 yr refi at 1.875% with I-Bank in Memphis, second lender offering 1.75%
Posted on 9/13/20 at 11:33 am to Tigerlaff
Posted on 9/13/20 at 11:33 am to Tigerlaff
quote:
Finalizing a 2.75% 30 year refinance next week. Was initially 4.125%. No points purchased. I don't understand how they are making money.
What lender?
0
Posted on 9/14/20 at 1:07 pm to XanderCrews
quote:
This will sound assy buuut
quote:
If you search this out you will learn much more.
Wow, thank you XanderCrews! I was totally under the impression that lenders were offering me money at a loss! Thanks to your guidance I now know that is not the case! You are clearly a very smart person.
Posted on 9/14/20 at 1:11 pm to Hammond Tiger Fan
Damn, best i've seen
Posted on 9/14/20 at 3:57 pm to TigerDL
quote:
Best I’ve gotten is 2.75 on a jumbo.
Can you share where you got that? I'm shopping for a jumbo purchase or jumbo construction now
quote:
Same here. Was quoted 3.375 in August. Credit over 800
Who's getting Jumbos done right now in that range? I need a reference....
Posted on 9/14/20 at 4:08 pm to 21JumpStreet
quote:
Damn, best i've seen
APR is 2.101%.
Yeah, when he told me that I didn't even hesitate to lock it in. I went in thinking 1.99% was the best that they could do and when he said they could offer even better than that at 1.875% my jaw hit the damn floor.
Posted on 9/14/20 at 4:22 pm to reb13
quote:
We have been quoted between 3.25-3.65 in the past week. I see everyone here posting about sub 3 rates and I’m just not seeing it..
Closed 2.75% for 30 years on September 1st with Red River Bank. No buy down.
Posted on 9/14/20 at 6:57 pm to Epic Cajun
Did you build? Are just bought a home? I'm going there tomorrow to talk someone about construction loan, we're waiting on bids right now
Posted on 9/14/20 at 6:59 pm to welder69
No, it was a refinance.
Posted on 9/15/20 at 8:11 am to Epic Cajun
Just did a 2.625 30 year locally with Assurance. No buy down
This post was edited on 9/15/20 at 1:08 pm
Posted on 9/15/20 at 8:35 am to MAUCKjersey1
Information, please?
Posted on 9/15/20 at 11:18 am to OTIS2
Loan Depot just called me and said they could give me 1.75% with 1.143 in points for a 15 year. They are trying to beat the offer I already have on the table. I haven't signed anything with the other yet. I'm supposed to today. He said the 1.75% is the lowest they can offer me right now based on today's rate sheet.
So, how can I get this to benefit me b/c there's not much variation between the two offers? What else can I ask for to make it beneficial for me to flip? The Loan Depot Rep said he took 2 points off the original rate of 3.143 points for the 1.75% to make it more competitive for the offer I have in hand.
I'm at the tail end of the process with the first offer and all I have to do is sign, but if the second lender tells me they will give me the 1.75% with no points, then I'll flip. I think that is what it will take. I don't know if I'm right or wrong with this thinking though
So, how can I get this to benefit me b/c there's not much variation between the two offers? What else can I ask for to make it beneficial for me to flip? The Loan Depot Rep said he took 2 points off the original rate of 3.143 points for the 1.75% to make it more competitive for the offer I have in hand.
I'm at the tail end of the process with the first offer and all I have to do is sign, but if the second lender tells me they will give me the 1.75% with no points, then I'll flip. I think that is what it will take. I don't know if I'm right or wrong with this thinking though
This post was edited on 9/15/20 at 12:01 pm
Posted on 9/15/20 at 1:11 pm to Hammond Tiger Fan
nice i locked in a 2.375 on a 30 year conventional, this is our first house 
Posted on 9/15/20 at 4:37 pm to Hammond Tiger Fan
quote:
Loan Depot just called me and said they could give me 1.75% with 1.143 in points for a 15 year.
Holy frick
Posted on 9/16/20 at 3:18 pm to DownshiftAndFloorIt
Quicken just offered me 2.99 on a 30 refi with no points and only $500 out of pocket? Good? bad? Terrible?
Posted on 9/16/20 at 3:45 pm to AlxTgr
quote:Are you rolling other closing costs into the loan?
only $500 out of pocket?
Posted on 9/16/20 at 5:31 pm to Epic Cajun
quote:It does appear that way. Don't have it in front of me.
Are you rolling other closing costs into the loan?
Posted on 9/16/20 at 8:28 pm to Hammond Tiger Fan
quote:
found them on bankrate.com, but the numbers bankrate is showing isn't completely accurate.
Numbers is plural. In this instance (replace numbers with “they”). Numbers are not completely accurate. Carry on.
Posted on 9/17/20 at 12:24 am to AlxTgr
quote:
Quicken just offered me 2.99 on a 30 refi with no points and only $500 out of pocket? Good? bad? Terrible?
Very good
Posted on 9/17/20 at 2:41 am to ellesssuuu
Page 2 of 2
Back to top
Follow TigerDroppings for LSU Football News