How low can we go? 30 yr fixed at 3.75% with no fees...

NEW -> Contingent Buyer Assistance Program
ps9 said:
Flashback
http://www.talkirvine.com/index.php/topic,1155.msg14062.html

Wow, almost 6 years ago
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PS9
You most likely have the honor of having done the highest number of refinancings in TalkIrvine, and probably the whole of USA.  Your 2010 pst says it was your 4th time refinancing and I hadn't even heard about TalkIrvine then but I know you as the serial refinancing King since I joined.  Just for amazement do you know how many times you have refinanced?
 
Sooooo based on this thread I decided to roll the dice and refi with CashCall Mortgage.  So far these guys are a lot more professional and responsive than my current lender (Wells Fargo).  My loan officer is on top of everything, he's always available via email or phone and he writes back quickly even when it's late. 

I'm still in the middle of the process but my rate is locked and I have all the paperwork from them that shows their lender credits to offset all the fees and costs.  If everything goes as planned I'll end up with a low rate and no points / no fees / no closing costs.  Tried a couple other lenders and they couldn't match this and some told me they are just using "bait and switch" and I won't really get that rate with no fees/costs, but unless they really try to pull a crazy fast one at the very last second, I think I'm good.

I'll keep you guys posted.
 
Compressed-Village said:
aquabliss said:
woodburyowner said:
Care to share the numbers?
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Sure, 30 yr fixed 3.375%
*APR & APY
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Nice, that was my old rate at the old house, back in 2010 through Navy Federal Credit Union Refi. Waiting for sub 3 for Refi.
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Refi rates are about .25% higher than purchase rates from what I hear.  I'd refi even if it was 3.25% if I got some extra credits back. 
 
USCTrojanCPA said:
One of my clients who is buying my Irvine home locked in at 2.625% with a small credit on a 7-year ARM (jumbo loan).
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So you sold your house without even listing it? Is that better than listing it through MLS to see if you can get multiple higher offer?
 
Compressed-Village said:
USCTrojanCPA said:
One of my clients who is buying my Irvine home locked in at 2.625% with a small credit on a 7-year ARM (jumbo loan).
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So you sold your house without even listing it? Is that better than listing it through MLS to see if you can get multiple higher offer?
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Yup, never listed it....showed it to a few of my clients and one of them wanted to buy it.  I will sell them the home net of the buyer's agent commission that I would have had to pay.  I got a very fair price (considering I didn't have to pay any commission) and I sold it to really good folks...a win-win in my mind. 
 
I completed my refinance of my condo with Cashcall earlier this week. 3.375 APR  with no closing cost.

This is my second refinance with cashcall. This time, the refinance closed in 2 weeks.

In this second round, the process was lot easier as they had some initial data from previous refinance. The only downside I can tell is that the loan processor set the loan amount to be 2000$ over my actual pay-off amount. I got the 2000$ back after closing, but didn't like that I am stuck paying 3.375 for this 2000$ for 30 yrs  :). The loan processor this time didn't provide me enough info - I gave them an estimate of the payoff amount based on my mortgage statement and she made the loan amount to that estimate. I wish they should have reviewed the closeoff amount with the lender before the loan closing. Other than this, everything was fine. In the first refinance, everything went super perfect.

The good thing about cashcall is that the folks are available late into the evening to answer any questions and respond to emails promptly. They also seem to close in time.
 
Irvinehomeseeker said:
I completed my refinance of my condo with Cashcall earlier this week. 3.375 APR  with no closing cost.

This is my second refinance with cashcall. This time, the refinance closed in 2 weeks.
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Since this is a condo I'm assuming this is conforming?

Is your LTV less than 80%?

I can't get a jumbo refinance for less than 3.625 no cost.
 
Yes, it was conforming loan with LTV less than 80%.

Btw, initially I was told that LTV should like 60% for the 3.375 rate. Later they agreed to give me 3.375 as I was a repeat customer. I don't  know what the rates are like for cashcall now.
 
Irvinehomeseeker said:
Yes, it was conforming loan with LTV less than 80%.

Btw, initially I was told that LTV should like 60% for the 3.375 rate. Later they agreed to give me 3.375 as I was a repeat customer. I don't  know what the rates are like for cashcall now.
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What's the name of your LO at cash call?
 
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