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Started By
Message
re: Mortgage Rate update.
Posted on 4/2/20 at 6:58 am to hawkeye007
Posted on 4/2/20 at 6:58 am to hawkeye007
We are trying to buy a house but the wife (couple is divorcing) is refusing to sign the contract because she thinks her real estate attorney is going to screw her out the money. She wants the judge to sign off on the deal but the courts are closed. I even offered to pay for a separate real estate attorney of her choosing to represent her and be the escrow agent. She said no. We can't lock in without the contract.
0
Posted on 4/2/20 at 7:08 am to Tigercowboy
quote:
I was going to offer 45K but I guess I could offer 50 and ask for closing cost.
Has it been appraised? If it doesn’t appraise for $50k they will not give you a loan for $50k just because you offered to purchase for that amount.
Posted on 4/2/20 at 7:33 am to lsuguy13
quote:
I see everyone closing cost around 3500 or so. I’m happy with my appraisal
Process and appraiser. Shoutout chuck.
But my closing costs I think are around 7k which I thought was stupid high
Does that 7k include pre paid insurance and taxes? My closing cost were low but because of timing of insurance and taxes I had a lot of that to cough up as well. But I’ll get a escrow check from the old mortgage company.
Posted on 4/3/20 at 5:58 pm to hawkeye007
quote:
Also the IRS has stopped processing 4506T request from all lenders. This is a huge deal on all jumbo loans as most investors require 4506T forms completed on all jumbo loans.
Received a updated disclosure today related to covid 19 that was basically like "we can cancel your loan or delay your closing for covid related reasons". I reached out to my loan officer, and for their company they are waiving the tax transcript requirement, which is lucky for me.
Posted on 4/5/20 at 4:36 am to hawkeye007
Appraiser is coming out tomorrow (4-6). Locked in at 2.5% on a 15 year 
Posted on 4/5/20 at 6:43 am to theoldwiseone33
quote:
What day did you lock?
3-26. It's a 60 day lock, which should give me ample time to close.
Posted on 4/5/20 at 7:22 am to Arkapigdiesel
Who are y’all using.
Posted on 4/5/20 at 11:01 am to JakeMik
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