Shamoozal.com - Smorgas Board

Holy hell!!! I need to get this crap done myself.... I have been playing phone tag with WF because the guy that does loans only is at my bank branch like 1 day a week, and of course it is never on a weekend when I have a chance to even see him. So I think I am giving up on them, even though they have been my bank (well First Union, then Wachovia, now WF) since I was a kid....

_________________

so my closing is officially not happening today, and they want it to happen "sometime this week". WTF does that even mean. that's retarded. i hate them

kell, you dont have to talk to the idiot at your local branch. you can talk to whoever at WF. or don't use them. they're assholes. however, i'm sure just about every bank is just the same. they don't give a shit and honestly don't have to answer to anyone.

irate, the rates seem to be the same today as when i locked in.

_________________
Swear to me.

i'm quoting myself here. i'm so fucking right.

_________________
Swear to me.

See, there's three kinds of people: dicks, pussies, and assholes. Pussies think everyone can get along, and dicks just want to fuck all the time without thinking it through. But then you got your assholes, Chuck. And all the assholes want is to shit all over everything! So, pussies may get mad at dicks once in a while, because pussies get fucked by dicks. But dicks also fuck assholes, Chuck. And if they didn't fuck the assholes, you know what you'd get? You'd get your dick and your pussy all covered in shit!

so i'm finally all moved in. it was a fucking nightmare, fellas.

long story short, wells fargo dropped the ball on my file and didn't wake up to this fact until mid last week when my lawyer contacted them asking them "hey what's going on?". a bunch of shit needed to be re-checked (AGAIN). unfortunately, EVERYTHING takes DAYS to get done. i'm talking about a 20 second phone call that needed to take place to my wife's place of employment. this took two days to get done. we didn't close on the day we were supposed to and everything was running up to the day we had movers booked and we had to be out. i was flipping out losing my mind. we finally closed the morning the movers came. the night before i was fucking jack bauer running into local WF branches to wire money to my lawyer for closing costs. i made it with like 5 min to spare. it was fucking insanity.

then i moved all my shit and it was insanity again. there's still shit everywhere but its gettign better. oh, and our first night in my son gets a virus and pukes all over himself and the bed, and my 7 week old forgot how to sleep and cried incessantly. then last night the cats were crying like pussies while i literally shoved medicine down my son's throat.

don't ever move out of your parent's place.

_________________
Swear to me.

Hahaha, noted.

_________________

for my own personal satisfaction, i sent wells fargo a shitty email detailing my awful loan process that made me loose more hair over a month ago. hey, they sent me an email asking my opinion in a survey so i gave it to them. fuck them.

_________________
Swear to me.

lose

fuuuuuuuuuuuu

_________________
Swear to me.

ahahahaa

Thinking about Refinancing on our mortgage...I know a few of you guys did this, what do you need to do to refi and what do you need to pay for?

_________________

Same supporting docs you needed for your original mortgage. If you are upside down, your only shot is to do it through the same bank. They have to do it by law..or at least they did. They will roll the closing costs for the refi into the principle on the loan, or you can pay cash. If you are above water on your mortgage you can go to bankrate.com and get rough quotes and choose a lender. If you are under water just call the customer support number for your lender and they will send you to the right department.

oh yeah I meant to reply to this over the weekend and forgot about it. Pretty much what Irate said.
It's virtually the same process as applying for the initial mortgage, same paperwork, etc.
You need to pay closing costs again (which include a re-assesment) but you can usually roll that into the loan.
If you use an escrow, you might need to pay for that out of pocket.

If you have equity in your home, shop around. I made the mistake of assuming going through the same bank would make the process quicker/easier. It did not, I still had to re-provide every bit of information. The only difference is that if you have an escrow now and plan to use an escrow after the refi, you don't need any money for the initial escrow payment because the account won't change. If you change banks you pay out of pocket to build up the new escrow and receive a check for your old escrow a few weeks later. Even if you stay with the same bank you might need to pay something if your new payment is going to be higher than before (i.e. 30 -> 15 yr mortgage).

I didn't use an escrow after my refi so I had 0 advantage of staying with the same bank.

Also if you have good equity (18% +) you can look at a home equity loan instead of a new mortgage. There are no closing costs + you can take out more money as a straight loan (i.e. for fixup projects), but I don't think you get any tax breaks so it wasn't worth it for me.

_________________
- Oh, great. You killed the invisible swordsman!
-- He's dead, all right.
--- How was I supposed to know where he was?
- You were supposed to fire up. _We_ both fired _up_.

i saw last week or so that the rates were 3.2 or some crazy shit like that.

_________________
Swear to me.