Complex Posted August 3, 2022 Report Share Posted August 3, 2022 2 hours ago, krrish said: I have the lender covering full closing costs…so, I will refinance when I think rates are low enough that will compensate the refinancing costs… @krrishlender details? Quote Link to comment Share on other sites More sharing options...
pakeer_saab Posted August 3, 2022 Report Share Posted August 3, 2022 3 hours ago, krrish said: I have the lender covering full closing costs…so, I will refinance when I think rates are low enough that will compensate the refinancing costs… Covering closing costs is not a blanket offer, it changes every day some make fool of borrowers by simply adding to the loan, final result zero closing costs is a misnomer 1 Quote Link to comment Share on other sites More sharing options...
krrish Posted August 4, 2022 Author Report Share Posted August 4, 2022 3 hours ago, golmaalgovindam said: Nice deal …Lender details PM chesthava if you re OK to share ? ThirdFederal bro…they lock the rate for 60 days standard but u can be extended locking for year if you pay 1% commitment fee which will be refunded at the time of closing…their may not be the best at the moment but remember they lock the rate for 1 yr…great thing with ThirdFederal is that for ARM products, u can relock ur rate at any time in your loan period for 5 years…let’s u have 5/1 ARM, u have a locked rate for first 5 yrs, at the end of 5th year, if u think they are offering a good rate, u can lock that rate for another 5 years just by paying $295 (which may be less most of the times), u can do this any number of times as long as u think relocking the rate benefits u Quote Link to comment Share on other sites More sharing options...
krrish Posted August 4, 2022 Author Report Share Posted August 4, 2022 3 hours ago, Complex said: @krrishlender details? ThirdFederal bro…they lock the rate for 60 days standard but u can be extended locking for year if you pay 1% commitment fee which will be refunded at the time of closing…their may not be the best at the moment but remember they lock the rate for 1 yr…great thing with ThirdFederal is that for ARM products, u can relock ur rate at any time in your loan period for 5 years…let’s u have 5/1 ARM, u have a locked rate for first 5 yrs, at the end of 5th year, if u think they are offering a good rate, u can lock that rate for another 5 years just by paying $295 (which may be less most of the times), u can do this any number of times as long as u think relocking the rate benefits u 1 Quote Link to comment Share on other sites More sharing options...
krrish Posted August 4, 2022 Author Report Share Posted August 4, 2022 2 hours ago, pakeer_saab said: Covering closing costs is not a blanket offer, it changes every day some make fool of borrowers by simply adding to the loan, final result zero closing costs is a misnomer Zero kadu bro, I just need to pay part of the transfer taxes which is close to $2500…I am okay because they are offering a great deal, yet covering the closing costs…my chutiya builder is not giving anything to cover Quote Link to comment Share on other sites More sharing options...
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