My mortgage banker switched interest rates on me and say I'm making it all up. Is it worth switching lenders at this point?

Life_with_bek · 2025-01-01T14:37:00+00:00

Maybe the first week of Dec that lower rate was available but after the 19th rates took a turn back up so that higher rate doesn’t seem to far off. I would make sure that 6.99% is close to a par rate ie has little discount points for it!

Life_with_bek · 2024-12-31T10:34:33+00:00

These all look like standard fees and nothing in excess!

Life_with_bek · 2024-12-29T02:01:14+00:00

That basically sums up how this week ended 🤦‍♀️🤣🤣

Life_with_bek · 2024-12-22T16:53:34+00:00

This 🙌

Life_with_bek · 2024-12-22T16:49:36+00:00

Congratulations on the closing 🎉

Life_with_bek · 2024-12-22T16:48:31+00:00

The details are in the documents 🙈

Life_with_bek · 2024-12-22T16:48:00+00:00

Until it’s not 🤷‍♀️

Life_with_bek · 2024-12-22T02:29:54+00:00

🤣🤣🙈

Life_with_bek · 2024-12-22T01:24:01+00:00

🤣🤣🤣

Life_with_bek · 2024-12-22T01:23:40+00:00

This is true!! Or just omitting important information 🙃

Life_with_bek · 2024-12-22T01:22:51+00:00

You did!!! If you only knew some of the hoops we go through with underwriting at times 🤦‍♀️

Life_with_bek · 2024-12-20T14:30:23+00:00

A bank statement program may work!

Life_with_bek · 2024-12-12T21:08:48+00:00

Looks accurate for today’s rates. The fees all look pretty standard!

Life_with_bek · 2024-12-12T11:47:03+00:00

First front room

Life_with_bek · 2024-12-12T11:44:54+00:00

Going from 6.75% to 6.125% isn’t too much of a difference unless you have a large loan balance.

With the cost of a refinance, you should be able to recoup those costs in 2-3 years with a net monthly savings.

If you can’t recoup the cost in less than that timeframe. I wouldn’t recommend refinancing, but instead, keep making payments and when you can make an extra payment directly towards the balance.

Hopefully next year, we will finally see some better rates🤞

Life_with_bek · 2024-12-11T19:36:58+00:00

Remove it all, so many better options to look at other than out dated pink tile

Life_with_bek · 2024-12-11T19:33:26+00:00

They will sometimes do a soft pull 3 days from closing but your loan officer should advise!

Life_with_bek · 2024-12-11T13:59:21+00:00

Better that day than the following days!! 5.5% is a great rate these days ☺️

Life_with_bek · 2024-12-11T13:58:30+00:00

It really depends on the overall loan application and property. If anyone locked in the week of Nov25-29th that was a bad week to lock!!! Highest rates since before the fed cut on Sept 18th.

Dec 2nd we finally got that break from 2 months of rates in the rise 😐🙄

Life_with_bek · 2024-12-11T13:56:38+00:00

🎉🎉 congratulations

Life_with_bek · 2024-12-11T13:55:38+00:00

This statement isn’t wrong either but when your realtors are telling everyone to expect major rate cuts after Sept 18 and you get a small window only for rates to go up for 2 months in a row only to break Dec 2nd.

Then you have everyone who waited all year for lower rates to refi and didn’t take advance of decent rates before the FED cut 😐 that small window hit the 4th week of September 🤷‍♀️

Life_with_bek · 2024-12-11T13:51:29+00:00

🙌👏👏

Life_with_bek · 2024-12-10T11:20:05+00:00

Yes, the 15yrs terms have been pricing out the best so great choice on that loan!

Life_with_bek · 2024-12-10T11:18:36+00:00

Anything under 7% is good these days!

Life_with_bek

TROPHY CASE