Upsetting news today. Refinance declined. My original loan officer was let go and left the company. He also left the file in disarray apparently and they submitted it for the wrong loan type. I should have been submitted for Fannie Mae.. anyway.. waste of time and money (appraisal, credit report)... very upsetting. and they do not with to resubmit as they do not 'own the loan'.. guy who left the company does so it poses problems. Maybe that was why service was so bad after he left.
Crazy.. anyway. re-starting trying to get a Fannie Mae refinance. i was approved last year (except had to wait 1 more year per their waiting periods).
Goal rate is 3.25 and this guy is speaking w underwriters up front .. a Fannie Mae one! he can use my appraisal if we act fast.. they expire after 90 days
I am on a 5/1 arm right now at 5.75
Onward
upsetting news-refinance declined
September 24th, 2015 at 04:15 pm
September 24th, 2015 at 04:57 pm 1443113841
September 24th, 2015 at 05:37 pm 1443116257
Have you looked at promos from Quicken or similar electronic brokers?
September 24th, 2015 at 06:47 pm 1443120473
Quicken Loan is not the cheapest place to go. Have a look at Aimloan, some of the PenFed programs, or find a good broker to shop the wholesale side if you are easy to underwrite (W2 income, long time on the job, excellent credit score, simple credit history).
September 24th, 2015 at 07:22 pm 1443122571
If a mortgage debt was discharged through a bankruptcy, the bankruptcy waiting periods may be applied if the lender obtains the appropriate documentation to verify that the mortgage obligation was discharged in the bankruptcy. Otherwise, the greater of the applicable bankruptcy or foreclosure waiting periods must be applied.
September 24th, 2015 at 07:59 pm 1443124776