S******a
发帖数: 1644 | 1 【 以下文字转载自 NewJersey 讨论区 】
发信人: SAPChina (love SAP), 信区: NewJersey
标 题: NJ refinance 15 yr fixed at 3.375% no cost
发信站: BBS 未名空间站 (Tue Dec 20 10:04:37 2011, 美东)
Is this a good rate for $518K balance? It is the offer from a very big bank
. Can we make 3.25 or 3.125 this week from a broker? | k******o
发帖数: 3328 | 2 A decent one for No Point No Fee (No Impound Account) refinance.
bank
【在 S******a 的大作中提到】
: 【 以下文字转载自 NewJersey 讨论区 】
: 发信人: SAPChina (love SAP), 信区: NewJersey
: 标 题: NJ refinance 15 yr fixed at 3.375% no cost
: 发信站: BBS 未名空间站 (Tue Dec 20 10:04:37 2011, 美东)
: Is this a good rate for $518K balance? It is the offer from a very big bank
: . Can we make 3.25 or 3.125 this week from a broker?
| S******a
发帖数: 1644 | 3 Thanks!
【在 k******o 的大作中提到】
: A decent one for No Point No Fee (No Impound Account) refinance.
:
: bank
| p***s
发帖数: 124 | 4 插嘴问：这个no point no fee, 和 最后 closing cost是不是一回事？
经常看到版上说 30 yr fixed no closing cost，是说loan没有closing cost,还是买
房子没有closing cost, 还是说都是一回事？
【在 k******o 的大作中提到】
: A decent one for No Point No Fee (No Impound Account) refinance.
:
: bank
| S******a
发帖数: 1644 | 5 Closing cost includes fee and point. No closing cost just means that the
lender absorbs all the fee, point and appraisal expenses, and the borrower
does not have to pay anything for the refinance.
【在 p***s 的大作中提到】
: 插嘴问：这个no point no fee, 和 最后 closing cost是不是一回事？
: 经常看到版上说 30 yr fixed no closing cost，是说loan没有closing cost,还是买
: 房子没有closing cost, 还是说都是一回事？
| k******o
发帖数: 3328 | 6 Closing cost includes title, escrow, lender, appraisal, etc regardless it is refinance or purchase. Of course, there are more fees in purchase than refinance. Let's suppose they have the exact same charged items.
If you do refinance, normally, your mortgage broker has already
negotiated a deal for you with title and escrow and get a good price for it, that is why refinancing could be done with No Point No Fee since the closing cost is known, or at least in some manageable range.
Whereas for purchasing loan, in practice in some state, it is buyer who
select title/escrow. The closing cost is unknown to buyer and mortgage
broker when you start, or the price range is too wide, normally higher than
the refinancing cost, thus in order to do No Point No Fee purchasing loan,
there shall be sufficient margin to cover unexpected high closing cost for
purchasing loan.
One way is to get buyer agent rebate to cover (at least partial) your total closing cost. Remember, in purchase, there are two people who provide service to you.
【在 p***s 的大作中提到】
: 插嘴问：这个no point no fee, 和 最后 closing cost是不是一回事？
: 经常看到版上说 30 yr fixed no closing cost，是说loan没有closing cost,还是买
: 房子没有closing cost, 还是说都是一回事？
| b********4
发帖数: 442 | 7 您的是jumbo conforming, 3.375% 还不错。当然如果有学雷锋的agent,3.25%也是可以
的。至少在加州是可以做到的 | S******a
发帖数: 1644 | 8 Just want to clarify, is 3.25% doable even by loan officers from big banks,
instead of brokers?
Thanks.
【在 b********4 的大作中提到】
: 您的是jumbo conforming, 3.375% 还不错。当然如果有学雷锋的agent,3.25%也是可以
: 的。至少在加州是可以做到的
| b********4
发帖数: 442 | 9 I don't think it's possible with today's rate
,
【在 S******a 的大作中提到】
: Just want to clarify, is 3.25% doable even by loan officers from big banks,
: instead of brokers?
: Thanks.
| k******o
发帖数: 3328 | 10 It is very hard for loan officers from big banker unless this is charitable
event. :D
,
【在 S******a 的大作中提到】
: Just want to clarify, is 3.25% doable even by loan officers from big banks,
: instead of brokers?
: Thanks.
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