Hearing processors are getting offers north of $150k and underwriters over $200k in some markets.
Reminds me of that sequence set in Florida from The Big Short.
Hearing processors are getting offers north of $150k and underwriters over $200k in some markets.
just out of curiosity, do you even understand the spreads that are being earned on <3% loans right now? Who is losing money? Rates have been adjusted based on capacity for the last 90 days, not how bad they want to make the loans.
Works well when they have an automatic government buyer of the debt. Check on in-house rates / loans.
I've had several personal and business mortgages and they absolute best banks are the ones who keep them in-house. they are faster and more flexible.
Hearing processors are getting offers north of $150k and underwriters over $200k in some markets.
I've had several personal and business mortgages and they absolute best banks are the ones who keep them in-house. they are faster and more flexible.
Even processors in DM are making over 70k now easy with OT and bonusHearing processors are getting offers north of $150k and underwriters over $200k in some markets.
Wowser if legit. My company max a Closer makes $87k, Processor $89k and UW $151k before OT and bonuses.Hearing processors are getting offers north of $150k and underwriters over $200k in some markets.
Was quoted 2.375% for a 15 yr mortgage today, 2.875% for 20 or 30yr.
Closing date is 45-60 days out
Was that new or refi?Greater Iowa Credit Union. 2.125% on a 15 Year.....wow....
Check with your same lender. The appraisal should still be good and the abstract work should be pretty solid still. Should be able to drop it for a couple hundredRefinanced in Feb before **** hit the fan. Went from 4.25 to 3.25 on a 30 year, and was really happy with that. Now I'm pissed I didn't wait, lol.
Just a heads' up the refinance rates now are really low. I've tried to refinance a few times and it was never low enough to make sense for us but this week I locked in a 2.6% 15 year rate with no points and only $1,300 in closing costs. It raises my monthly cost by $6 and saves about $22,000 in interest.
I was talking to my dad about it and he said "Even if you decide to move or lose your job the worst that could happen is you're down that $1,300." That sealed the deal for us.
Anyway, great rates out there now.