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Thanks, Scott. There were several fees on the HUD 1 that weren't included on the GFE, but most of those are being paid for by the bank. They are paying about $700 in fees, plus another $1000 to take my rate down to 5.00%(This is due to their previous mistake for lettting my lock expire). Basically, do you think it is safe to work with this bank
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I am not able to paste either of the documents here. They are both in PDF format. I even tried converting to Word to no avail.
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The escrow setup is included on the loan. That is why I don't understand how they say I have to bring $1775 to closing.
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I think that I have finally gotten part of the truth from this bank. After requesting the lock documentation, the Mortgage Manager called me. Apparently, the lock was for 45 days. I was unaware of the lock period. The Mortgage Specialist let my rate expire and did not tell anyone. When he went to re-lock the rate 4.75% was no longer available and he
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Louis, That was my opinion, too. I thought they called it a "Streamline" Refinance for a reason. The only thing that they have told me is that the investors are "swamped" and loans are taking "forever" to close. I never received a rate lock or any terms for the lock. The bank did the lock as a "courtesy" due to
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Hello, I was in the process of a VA Streamline Refinance(IRRRL) and my current Mortgage Specialist sent me an email saying that my rate lock expired today. I locked in on 04/28/2009, so it's not yet been 60 days. I was at the bank on Friday and this was never even mentioned. What is also confusing to me is that he orginally said that my rate was
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I am currently in the process of refinancing. My current mortgage is a VA Loan, so I am doing a VA Streamline Refinance (IRRRL). The rate for my current mortgage is 6.5% and my new rate is locked at 4.75%. My lender expects to be able to close sometime this week, but my question is since this is a refi shouldn't I wait until the first of the month
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Kent, Thanks so much for your insight. This has been very helpful. Thanks Again, Cristy
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My orginal VA Loan was $156,000 financed at 6.5% in October 06 for a condo in Jacksonville, FL and I currently owe $151,890.00. With rates dropping so low, I thought I would contact my current lender and ask about their IRRRL rates. The local branch sales manager contacted me recently and stated that I could refi for 30 years with an interest rate of