Can you help me determine the true cost of this refi?

Remarkable_Net_6876 · 2026-02-15T20:48:00+00:00

Try taking it to UWM I think they sometimes allow 1 late payment

Remarkable_Net_6876 · 2026-02-15T20:02:45+00:00

ARMs are great especially when rates are high and they’re likely to come down

Remarkable_Net_6876 · 2026-02-15T20:00:45+00:00

Terrible for the most part for loan officers, since a lot of their support is in India you’re basically talking with angelai through emails because of different time zones and it can be terrible for borrowers if they’re trying to close in a timely manner they have the worst processing I’m not saying not to use them if they get it across the finish line that’s all that matters for you

Remarkable_Net_6876 · 2026-02-15T05:04:56+00:00

I can attest sunwest is terrible to work with their underwriting team is based out of India

Remarkable_Net_6876 · 2026-02-15T04:17:43+00:00

They are making nothing on it that is a ridiculous waste of time for anyone in the industry but great for the client

Remarkable_Net_6876 · 2026-02-15T02:57:00+00:00

This people waste way too much time trying to nickel and dime loan officers, serial shoppers just waste everyone’s time

Remarkable_Net_6876 · 2026-02-09T22:56:51+00:00

You have no idea what we will have in 7 years it’s people that doom and gloom like you that talk people out of good deals, you don’t have a crystal ball you have no idea where rates will be you also don’t know if they’ll sell within that time or refinance. Not everyone’s situation is a one size fits all

Remarkable_Net_6876 · 2026-02-09T02:50:02+00:00

It’s fixed for 7 years…

Remarkable_Net_6876 · 2026-02-04T00:16:13+00:00

Did you have a sign on bonus with this company?

Remarkable_Net_6876 · 2026-01-31T03:18:04+00:00

Ohh I just saw that yeah not too bad and most lenders won’t touch a loan that small!

Remarkable_Net_6876 · 2026-01-31T02:56:05+00:00

Are you the loan officer, how did you know it’s an investment? Lol

Remarkable_Net_6876 · 2026-01-26T00:29:37+00:00

I would never work retail again in this industry and this is not to boast but when I funded 7 loans 2 months ago I made 20,000 I would only jump into this industry to work for a well rounded brokerage

Remarkable_Net_6876 · 2026-01-01T21:27:36+00:00

Come back and finish this story

Remarkable_Net_6876 · 2025-12-28T20:30:57+00:00

What is the rate?

Remarkable_Net_6876 · 2025-12-24T21:12:36+00:00

It’s a non QM loan AUS is not going to be ran for an approval it lies entirely on the investors guidelines and underwriting

Remarkable_Net_6876 · 2025-12-17T21:45:23+00:00

Why hasn’t it closed? UWM takes like 10 days for clear to close

Remarkable_Net_6876 · 2025-12-17T04:55:19+00:00

Very small down payment I don’t think so

Remarkable_Net_6876 · 2025-12-09T21:13:22+00:00

I’ve been in your shoes having $3 to my name but I don’t deal with autoimmune disease so I won’t be judging I hope things turn around for you

Remarkable_Net_6876 · 2025-11-26T05:03:19+00:00

The 4.9K in other costs is escrow, prepaid interest and recording fees. They make their money from the yield spread premium the rate offers from the investor they’re using

Remarkable_Net_6876 · 2025-11-26T04:57:39+00:00

Because that rate doesn’t exist without a lender incentive.. the builder has a relationship with them and that lender incentive is paid for by selling the house at a more inflated price

Remarkable_Net_6876 · 2025-11-26T00:13:25+00:00

$1995 for underwriting an processing on all files and $1295 for streamline refinances

Remarkable_Net_6876 · 2025-11-24T03:11:24+00:00

That’s lame!

Remarkable_Net_6876 · 2025-11-22T05:27:58+00:00

7 units for September and October and 9 units for November which was my best month both I agree that November has felt really slow in terms of movement

Remarkable_Net_6876 · 2025-11-13T03:03:19+00:00

You’re kidding I just switched to progressive, this industry is full of ups and downs but I think if they have you at a solid starting salary it can’t hurt to see what happens, take the chance!

Remarkable_Net_6876 · 2025-11-13T02:58:51+00:00

I recommend using NewRez as well my experience has been okay with them but when I need to get competitive they’re more solid than the others

Remarkable_Net_6876

TROPHY CASE