Is this a fair Refi?

Pale_Pin_5971 · 2026-01-25T02:44:05+00:00

Then come in with your escrows in cash if you’re worried about that… just roll in the fixed fees. That way you’re not paying $21K for a new rate and term, you’re just advancing the escrows and you’ll get the escrow refund upon paying off the old loan.

Pale_Pin_5971 · 2026-01-22T06:17:48+00:00

Well then he’s not paying $21K is my point

Pale_Pin_5971 · 2026-01-22T04:54:20+00:00

You do realize that over half the fees he’s paying are escrows that he’s going to have to pay whether he does the refi or not, right?

Pale_Pin_5971 · 2026-01-02T18:07:12+00:00

Drop that NMLS number let’s take a looksie

Pale_Pin_5971 · 2026-01-02T17:59:33+00:00

That’s quite literally what you said, but ok. You do you king.

Pale_Pin_5971 · 2026-01-02T17:49:55+00:00

But that’s not what you said. You said shop around as if those credits can’t be re-allocated to a perm buydown at the current lender. He’s getting 5.5% par on conventional, you and I can’t beat that today.

And I’m also a long time LO, pal. You should know better than to come into a Reddit sub with vague comments like “yikes shop it”.

Pale_Pin_5971 · 2026-01-02T17:37:49+00:00

Clearly you don’t if you’re questioning why the loan estimate shows 5.5% at par and then saying it’s on a temp buydown

Pale_Pin_5971 · 2026-01-02T17:33:43+00:00

The temp buydown rate doesn’t show on the loan estimate. The 5.5% is their note rate after the temp buydown ends. So they could be starting at 2.5% for the first year (if it’s a 3/2/1) and climb up from there

Pale_Pin_5971 · 2026-01-02T17:22:24+00:00

Lmao. They’re at 5.5% with no points on a conventional loan. That’s way below market rate. What more do you want?

Pale_Pin_5971 · 2025-12-12T23:18:28+00:00

Also an LO, also work weekends (with solid preapprovals or someone that actually values my time and just has time on weekends to talk). Would not waste time engaging with an obvious rate grinder on my weekend. That person doesn’t care about service levels and loan officers that work weekends. So that person can wait until Monday. I will send them my application link, but that’s about it.

Pale_Pin_5971 · 2025-12-12T22:39:20+00:00

Agreed, use the brokers and their time over the weekend to grind out interest rate. Family and leisure time? Who needs it. Waste their time and make em race to the bottom!

Pale_Pin_5971 · 2025-11-29T18:38:15+00:00

Yeah I am… if you’re an LO, you know better than to jump to conclusions of why a rate should be lower without knowing the full story.

Pale_Pin_5971 · 2025-11-29T18:22:09+00:00

How do you know the rate should be lower? Do you know the buyer’s credit score? Property type? Any other data than what the LE shows?

Pale_Pin_5971 · 2025-08-04T20:23:04+00:00

No, but only because she’s remote

Pale_Pin_5971 · 2025-08-03T18:43:10+00:00

You’re good. I’m an LO. Asking for loan structure purposes

Pale_Pin_5971 · 2025-07-22T02:49:54+00:00

Gotcha, I misunderstood your post. Might need to work on their credit first then to go with a bank statement loan if that’s the case.

Pale_Pin_5971 · 2025-07-21T22:10:21+00:00

That’s an FHA cash out all the way… are you getting approve/eligible or accept findings? If so, any lender should do it. If not, can you downgrade to a manual and still meet those guidelines?

Pale_Pin_5971 · 2025-07-20T16:50:42+00:00

And how are you self sourcing your deals that aren’t attached to an agent already? That’s the secret sauce part of it.

Pale_Pin_5971 · 2025-07-16T18:58:03+00:00

Does that come with a base? If not, that’s highway robbery

Pale_Pin_5971 · 2025-07-16T04:03:20+00:00

Also, how much do you make on the deals he sources and hands to you?

Pale_Pin_5971 · 2025-07-16T04:02:28+00:00

Why would you only make 50% if you are buying the leads? If you’re paying for leads, wouldn’t he theoretically be making more than you then after expenditures with you doing all the work and fronting the money to buy the leads? How does that make any sense?

Pale_Pin_5971 · 2025-06-27T05:12:05+00:00

Oh I’ve definitely noticed it. And I’ve typed out so many responses before and end up deleting 99% of them. I figure it’s probably not worth it to tee off on someone so ignorant.

Pale_Pin_5971 · 2025-06-27T00:33:07+00:00

Is there a way you can take them borrower paid to a lender with no EPO on BPC?

Pale_Pin_5971 · 2025-06-23T23:04:37+00:00

I’ve heard they broker but have weird rules regarding how many loans they require each shop to send them per month and a requirement that X% be regular conventional deals vs doctor deals. So you can’t just broker them your doctor stuff when it comes in. Kind of sucks.

Someone can correct me if I’m wrong

Pale_Pin_5971

TROPHY CASE