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Heisman Winner [105478]
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Greenr Refinances His House
Jan 21, 2022, 11:17 AM
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Greenr lives in a palatial estate on family land (i.e. FREE land). Greenr built his house around 7 years ago. The house value has doubled and then some. Greenr FINALLY decided to refi his house in November 2021. Also note, Greenr does not anticipate living in this house for ever, and would be surprised if he even lives in this same State in 3 years. But this was an opportunity to lump everything into a Home Loan and still have equity out to asphole as I got lucky when I built the house.
Started process in November 30, 2021. Reached out to SoFi as I do business with them on other stuff and they seemed to have good rates, etc. Sort of did it on a whim, but the numbers looked good. Locked everything in, paperwork submitted to them ASAP, within HOURS of them asking for it. Initial closing date from loan officer was January 15 but he assured me we could get it done before the new year. That is the last time I talked with him.
Passed it to another person who handled my account, went to underwriters, no problems there, no appraisal needed (WHAT????) and preliminary approval happens quickly on December 15 but SoFi has some items to handle on their end.
I email/call every contact I have on December 17 wanting an update. Radio Silence
Emails and calls every 2-3 days until Christmas, then started back up through the new year. Nothing
Finally in January I got someone to answer phone, super friendly, super apologetic, super surprised that I have had problems. She answers questions and assures me that it is happening, just taking time.
January 12 or so, A new person contacts me, says they need more info from me. They need proof I paid my mortgage in December. I send them that. They need "more proof" so I screenshot the fucking webpage from my current provider. She gets COVID.
After MLK Day they say they need more info, luckily new statement from Mortgage provider is available, so I send that. By now, we are well passed the initial closing date.
Yesterday I call and call and finally get someone, girl with COVID was trying to work and had to leave and go to hospital so now I am dealing with 4th person. She assures me we are on track, just not sure what track they are talking about.
Get call today that we will close on the 25th (or 26th). It has taken 60 days to close a fucking refi that I was told averaged about 30 days and my initial loan officer is NOWHERE to be seen, just ghosted me.
Is this typical for the mortgage business? Am I too poor to get good customer service? Is this due to Christmas, New Years, and MLK holidays?
I got real frustrated and considered killing the whole deal, but no real skin off my teeth at this time since they have no money from me yet since the appraisal was waived.
Thanks for listening to my TEDTalk.
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All-In [43608]
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Remember the thread about letting the kid sleep in your
Jan 21, 2022, 11:19 AM
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bed?
Same lesson.
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All-In [43608]
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And to elaborate,
Jan 21, 2022, 11:25 AM
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tell those people to fuckrightoff. That's the most disorganized shid I've ever heard. Shoulda fugged 'em right off when the guy said closing was on Jan 15 or whatevs but would prolly close by year end.
It ain't rocket science. Much better vendors out there.
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Oculus Spirit [85166]
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Before I answer, could you send a screenshot of the
Jan 21, 2022, 11:21 AM
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tids of the girl with COVID?
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Heisman Winner [135679]
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Does no one get mortgages from their bank anymore?
Jan 21, 2022, 11:21 AM
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I mean at least that way you have an actual building to burn down when they start dicking you around.
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Oculus Spirit [85166]
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I went online, they sent a dude to my house to sign
Jan 21, 2022, 11:26 AM
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papers, super easy.
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Heisman Winner [105478]
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THIS
Jan 21, 2022, 11:30 AM
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was the original plan.
The Bank gave me the loan to build my house, but that was a fiasco too. Loan officer (friend of family) was a raging alcoholic, and didn't disclose alot of info to me that he should have. Locked all my paperwork in his desk then disappeared to Michigan to visit his Dad and didn't tell anyone. Ended up almost screwing me in the end. Weird stuff. That guy died at like 45 sue to excessive drinking. Literally poisoned his body. I had no idea at the time, it made alot more sense later.
Maybe Greenr and financial disasters are like Peas and Carrots.
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All-In [43608]
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Hole up. OG loan was a fiasco
Jan 21, 2022, 11:38 AM
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then you went back to the same bank for a refi?
At least the first time your son gets laid you'll be able to see his GF because you'll be in the bed with them.
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Heisman Winner [105478]
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NO, Construction Loan was a Fiasco which is why
Jan 21, 2022, 11:44 AM
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I have gone elsewhere to refi.
Construction Loan was local small town bank.
Had to refi that to a regular mortgage (not interest only construction loan) once built (original loan officer did not explain any of that to us, we had no idea and they wanted thousands to close a new loan after we just dropped thousands building the house) - used another mortgage company, Quicken Loans, and it was SMOOTH AF.
New refi with a new company now that rates are significantly lower.
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Oculus Spirit [79401]
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It's not 'my' bank, but I've done my last 2 thru
Jan 21, 2022, 11:27 AM
[ in reply to Does no one get mortgages from their bank anymore? ] |
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County Bank. I think it's a function of who I'm dealing with though, he makes everything as easy as possible. He tells me what info he needs, I provide, everything signed on docusign. I didn't even shop my last refi, just got him to give me some numbers and did the thang.
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All-In [30190]
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Oculus Spirit [80999]
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Heisman Winner [119597]
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Having a similar problem getting my
Jan 21, 2022, 11:22 AM
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Aetna Medicare Supplement account active. Office is in Tenn, probably racked with Covid and workers laying out claiming snowed in. Then they got my name mispelled. Sounds like FBcooch type commitment level....
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All-In [47683]
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Is it UNUM?
Jan 21, 2022, 11:51 AM
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If so, run. RUN AS FAST AS YOU CAN!!!
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Oculus Spirit [78831]
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you and ryan with your family land
Jan 21, 2022, 11:24 AM
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.
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All-In [30190]
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Just move to Colorado already***
Jan 21, 2022, 11:27 AM
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Heisman Winner [105478]
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Wife and daughter killed that plan. It gets below 50 and
Jan 21, 2022, 11:32 AM
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they cannot handle the cold.
Plan is to move close(r) to the coast in NC. There are some towns we like around there which still have reasonable access to the businesses we need to work.
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Oculus Spirit [80999]
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Want to move to Murrells Inlet?
Jan 21, 2022, 11:41 AM
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I know where there might be a house for sale.
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Heisman Winner [105478]
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Nah, Myrtle Beach aint for me.***
Jan 21, 2022, 11:45 AM
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Oculus Spirit [80999]
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Good luck***
Jan 21, 2022, 11:54 AM
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All-In [31404]
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Re: Nah, Myrtle Beach aint for me.***
Jan 21, 2022, 12:05 PM
[ in reply to Nah, Myrtle Beach aint for me.*** ] |
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Murrells =/= Myrtle Beach
At least that’s what I tell myself. Sure doesn’t feel like living in MB down here though.
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Oculus Spirit [80999]
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I dunno. There's a chitton of traffic.
Jan 21, 2022, 12:18 PM
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And there are Wings or Eagles or whatever t-shirt places all over. And 17 is kinda run down. And there's that land of vinyl sided houses back on Prince Creek Highway or whatever its called. So far all I've seen is that houses are cheap (comparatively). So there's that.
It sure isn't IOP, or Mt P even CHS for that matter. Get what you pay for I guess.
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Lot o points [163010]
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South Strand is a joke
Jan 21, 2022, 12:22 PM
[ in reply to Re: Nah, Myrtle Beach aint for me.*** ] |
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or whatever they call it.
I might call Surfside and Garden City 'south strand', but I stop at MI.
Of course, I have a place in PI.
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Oculus Spirit [80999]
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PI would be hard for me to live
Jan 21, 2022, 1:00 PM
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Unless I was very close to the water.
Just doesn't seem like there's much there. And there are ton of houses going/for sale there now.
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Lot o points [163010]
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Nice area for us retired folks
Jan 21, 2022, 1:35 PM
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we are on a golf course so I get a lot of free golf balls.
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Lot o points [163010]
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And if you hate HOA's
Jan 21, 2022, 1:37 PM
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there ain't nothing like an HOA run by retired folks. LOL.
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Oculus Spirit [80999]
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I don't think I could live with an HOA again.
Jan 21, 2022, 1:42 PM
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Nobody wants that hassle.
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Hall of Famer [23987]
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Re: Greenr Refinances His House
Jan 21, 2022, 11:37 AM
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Took about 3 weeks to get mine done. Went pretty smooth. This was a couple months ago. The time I did it before it took a couple months, but apparently they were backed up.
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Oculus Spirit [97677]
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Due to two things, both are basically rising rates.
Jan 21, 2022, 11:37 AM
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Big pivot coming soon and there's a crush to refi I expect. You're in that mix. Second, everyone's sick. Third, lawyers.
But yeah, good luck. We got locked in a 15-yr. at 2.125% a year ago.
Side note - When you refinance, it hits your credit score. Your balance to loan ratio is then used against you, for some reason, even though it's 120K less than the prior loan, your balance to total loan ratio will impact your FICO score. Been impacting mine for a year now.
But overall I expect they're not too anxious to do refi's now as they see the writing on the wall with rates pretty clearly now. Plus lots out sick.
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Oculus Spirit [80999]
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Better.com
Jan 21, 2022, 11:44 AM
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Despite the CEO being a dink, they have super low rates, no origination fees, closing costs. They are the most efficient at doing what they do I've ever seen. They can close a house in 2 weeks.
Normally they are waiting on everyone else to get there ish done.
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110%er [9086]
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dis true? Not the CEO part***
Jan 21, 2022, 1:31 PM
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Oculus Spirit [80999]
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Yes, it is.
Jan 21, 2022, 1:45 PM
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My realtor said so as well. She said she had never seen a more efficient finance organization. I've used them 3 times--once for a refi, and 2 other purchases. They have only gotten better/faster as time has gone along. Their web page is super simple to upload docs and very easy to navigate.
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Oculus Spirit [75683]
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Should have fired them on 12/31.***
Jan 21, 2022, 11:56 AM
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All-In [31404]
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Re: Greenr Refinances His House
Jan 21, 2022, 12:04 PM
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I just refinanced my student loan mortgage through Laurel Rd, took about a week and they sent me some crazy electric self heating coffee mug to thank me in advance for the next decade of interest payments. Anyways, they were very professional and had better rates than sofi.
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Heisman Winner [105478]
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Student Loans???? LOL, SO POOR
Jan 21, 2022, 12:16 PM
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jk, but I finally paid mine off a few years ago, they were minimal. I understand it cost alot more for you to go to college though.
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All-In [31404]
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Re: Student Loans???? LOL, SO POOR
Jan 21, 2022, 12:19 PM
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I had 0 undergrad debt. My med school debt is >$300,000.
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110%er [6978]
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Re: Student Loans???? LOL, SO POOR
Jan 21, 2022, 12:22 PM
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####!! My loans for the Ph.D. in Art Appreciation seem like a bargain now. I'm sure it provided similar earning potential too.
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All-In [43608]
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Oculus Spirit [85166]
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Oculus Spirit [78831]
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All-In [32593]
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Get on with a group that pays off your loans as part of
Jan 21, 2022, 1:56 PM
[ in reply to Re: Student Loans???? LOL, SO POOR ] |
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the package.
Friend did that. Was a 5 year deal. The group paid it off right away.
If my friend didn't stay on 5 years, the office would bill back to them the portion that should have been left.
My friend left in a little over 3 years - the office never billed back.
Message was edited by: Rocky the Tiger® - too many pronouns
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CU Medallion [54758]
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All-In [31404]
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Re: an ember mug?
Jan 21, 2022, 12:20 PM
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Yes! That’s it. Hadn’t ever heard of them before. It’s pretty neat.
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CU Medallion [64837]
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yall reckon I could use an ember mug to pre-heat my
Jan 21, 2022, 1:06 PM
[ in reply to an ember mug? ] |
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Fleshlight?
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CU Medallion [54758]
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you could?
Jan 21, 2022, 1:09 PM
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but then i'd need a new side-hustle
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CU Medallion [64837]
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lulz
Jan 21, 2022, 1:12 PM
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wife didn't want to do it with me a few nights ago, so I asked her if she could hold the fleshlight betwixt her knees for a few minutes.
She chortled, but said no and called me a freak.... and not in a flirty way, like I have mental health issues.
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CU Medallion [54758]
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that was quick...
Jan 21, 2022, 1:26 PM
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looks like i found that new side-hustle
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All-In [32593]
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Holding fleshlights as a therapist ?***
Jan 21, 2022, 1:57 PM
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CU Medallion [64837]
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why not both, then I can pay for it with my insurance.***
Jan 21, 2022, 2:24 PM
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110%er [6978]
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Re: Greenr Refinances His House
Jan 21, 2022, 12:19 PM
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We refi'ed our house using a local broker who shopped for rates. We probably could have shopped around more but I had used this guy before and was pleased. He got us a good rate with virtually no hassle. Let us know what he needed, we sent it, and signed papers via docusign. This was in spring 2020 (I think). It took 45 or 60 days to close the loan because, even then, there was huge demand for refinances.
All that to say, it sounds like what you experienced was not normal. It probably was a bad run of luck with COVID, staffing, etc. I used SoFi to refinance my student loans and had no complaints about them at all. Their customer service was great, so its surprising to hear about your experience.
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Lot o points [163010]
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I heard Palmetto State Bank in Hampton is the place to go
Jan 21, 2022, 12:25 PM
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per Murdaugh podcasts.
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All-TigerNet [11244]
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Re: I heard Palmetto State Bank in Hampton is the place to go
Jan 21, 2022, 1:15 PM
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But, the closing cost is a killer.
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All-In [40875]
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I refinanced at 2 percent last year
Jan 21, 2022, 7:09 AM
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After messing with my back for 4 to 5 months. They finslly pissed mw off enough so i went online and found the best rate
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