Congratulations..

 

if you provide all the paperwork and have enough equity on your home and good scores, it should not be tough.

my husband and I are closing on a conventional at 3%..

rolling in some cc debt..so I am happy.

 

i thought we would be in trouble bc my mid scre was not even 700 and I had baddies on 4 cc accounts almost 3 yrs ago..o I was panicking

 

altogether it took us 2 months worth of wait between the initial process to the appraisal, insurance stuff..etc..

so I'm glad s almost over

 

 

Congrats on your refi!

Mine is for an investment property without an appraisal. I wasn't allowed to roll any refinance expenses into the loan; so I do have to bring funds to the table.

I had to source deposits which were work expense reimbursements so that was easy. Also my car was totalled; so I had a 13000 deposit from the insurance settlement that I had to source. No big deal.

Its almost over and I cant wait!

The biggest delay was due tl the number of Fha.streamline refinances that are going on right now. My file was one of many that the loan officer was working on.

Wow!  Your car was totalled...thank God you are ok..

yes..lots of refinances happening bc of the flow rates 

good luck and again.. Congrats!

 

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Chavela wrote:

Wow!  Your car was totalled...thank God you are ok..

yes..lots of refinances happening bc of the flow rates 

good luck and again.. Congrats!

 

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All of the Damage to the car was mechanical. My husband was driving and ran over a railroad track that was faulty... The asphalt struck the undercarriage and pushed upward and shoved the AC unit into the motor, causing it to twist and seize.  Unfortunately, Volvo motors and the torque converters are very expensive.  The torque converter was not available via salvage or in the USA so therefore the car was totalled

Wow..that's a freak accident!

thank God no one was hurt..

good luck with everything

 

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Chavela wrote:

Wow..that's a freak accident!

thank God no one was hurt..

good luck with everything

 

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Delayed, They waited til yesterday to tell me that my non-purchasing spouse needed to be available tomorrow. 

 

My exact response was.  "My husband works in Arkansas, and he can't just pop in and sign docs then pop out.  Sorry but he is unavailable" 

 

So we scheduled for Wednesday since he will be home tuesday night

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webhopper wrote:

 

 

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Delayed, They waited til yesterday to tell me that my non-purchasing spouse needed to be available tomorrow. 

My exact response was.  "My husband works in Arkansas, and he can't just pop in and sign docs then pop out.  Sorry but he is unavailable" 

So we scheduled for Wednesday since he will be home tuesday night

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Are you going through a credit qualifying streamline refinance like I went through (as in removing a coborrower)? We just finally closed on ours the first of September. We started the whole process in February. Everything was rolling along and got conditional approval in March. I then decided to pull the plug until June to keep my MIP rate the rate it is now, as opposed to seeing it go up more than double. We started the whole process over again in early June and just wrapped it up the first of September due to such a long backlog. But it was worth it as I got an even lower interest rate than I was given in March and my monthly MIP is still very low (.55%).

 

But before closing I had no idea both of us had to be there. We were doing this streamline in my wifes name so I figured I didn't even have to be there. But good thing I was there anyhow or we would of had to pospone. They needed me to sign off on docs from our old mortgage. Also, I didn't find out until an hour before closing that they needed a certified check for almost $2,000 to cover escrow. I eventually got some of this back (the overage after property taxes were paid) but it wasn't fun scrambling at the last minute to get them that check and waiting to get some of it back.

 

Signed docs today!

Loan funded on the 22nd