Just got a call from my LO... I sign loan docs tomorrow and close on Friday 1/25/13!!!!!!!!
Update - closed on Friday! After getting through a last minute issue with settlement statement, everything else went smoothly & we are in our new home (well sort of, haven't officially moved in yet as we're having some work done)....but excited that the buying process is over!!
I expect my refi to close sometime in Feb, so I guess it qualifies for the thread.
I'm currently 29 months into a 20 year fixed at 4.375% Balance is about $152k ($4500 paid ahead on pricipal).
I'm applying and locked into a no cost 15 year fixed refi @ 2.875% (1/8 of a point for the "no cost")
Just got the loan app on 1/25 and returned it signed with all requested documentation to the mortgage broker 1/26.
He said closing should be in about 20days barring any delays getting an appraisal scheduled.
Depending on where the appraisal comes in, I might have to borrow a small amount ($10-15K) from my 401K to meet 80% LTV and avoid MI.
All the work I do to keep my credit pristine really pays off when it allows me to get good rates and rapid approval on new loans.
Thanks. It's fun taking the FICO out for a spin once in a while. I just try not to do it too often.
But when the opportunity comes up to save $20K on my mortgage, it's a no-brainer!