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Closing tomorrow

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buckeyebri said:
Closing next week 15 year 2.75%
But just let me say FUCK 5/3 Bank....What a clusterfuck.....
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We recently did a refi to 15 fixed at 3% thinking that was basically free money. Can’t believe that there was an extra quarter point left.

It was absolutely, hands down, our best experience with mortgage shit ever. The closing was done at our house. Someone came to our door and handed us a package with post it notes on pages that needed to be signed.

Signed it, texted her as she was sitting in her car in our drive way... she came and got it and said that if we missed anything they would call.

The entire process was 15 minutes soup to nuts.
 
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sparcboxbuck said:
We recently did a refi to 15 fixed at 3% thinking that was basically free money. Can’t believe that there was an extra quarter point left.

It was absolutely, hands down, our best experience with mortgage shit ever. The closing was done at our house. Someone came to our door and handed us a package with post it notes on pages that needed to be signed.

Signed it, texted her as she was sitting in her car in our drive way... she came and got it and said that if we missed anything they would call.

The entire process was 15 minutes soup to nuts.
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With 5/3?

I have banked with them or subsidiaries for close to 30 Years. I have had multiple mortgages, home equity lines, and car loans over the years and thought it would just be the best way to go.

This time it has been a nightmare. Been at it since the middle of March. They’ve messed up the closing estimates and have badgered me for all sorts of sign offs and personal information. Told me we were going to close this coming week, but then I got an email saying they needed more information.

Worse mortgage experience ever including my first home.
 
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buckeyebri said:
With 5/3?

I have banked with them or subsidiaries for close to 30 Years. I have had multiple mortgages, home equity lines, and car loans over the years and thought it would just be the best way to go.

This time it has been a nightmare. Been at it since the middle of March. They’ve messed up the closing estimates and have badgered me for all sorts of sign offs and personal information. Told me we were going to close this coming week, but then I got an email saying they needed more information.

Worse mortgage experience ever including my first home.
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Not 5/3. Worked with a mortgage broker we’ve used over the years. They are actually holding the loan a bit before selling. I have to imagine that they sit on it for a while. My hunch is they played the spread on us and are banking an extra quarter point.
 
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buckeyebri said:
With 5/3?

I have banked with them or subsidiaries for close to 30 Years. I have had multiple mortgages, home equity lines, and car loans over the years and thought it would just be the best way to go.

This time it has been a nightmare. Been at it since the middle of March. They’ve messed up the closing estimates and have badgered me for all sorts of sign offs and personal information. Told me we were going to close this coming week, but then I got an email saying they needed more information.

Worse mortgage experience ever including my first home.
Click to expand...
My experience 6 years ago.
 
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buckeyebri said:
Finally closing today. Learned I could now get an even better rate by almost .4....:pissed3:
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We close on the 13th. We had the option of doing a floating rate where we'd have the ability to basically say "no whammy, no whammy, no whammy, STOP"....and lock in when we feel like the rate was at it's lowest. We stuck with the 3.something thinking that was good enough, and are now kicking ourselves.
 
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My goodness 5/3 is just a bunch of morons. 4 O’clock closing and paperwork isn’t ready. Disclosure statement provided didn’t match what was at closing. Had to call Loan Originator to find out why. Title fee went up because supposedly the title company had to adjust for the final loan amount, which was known awhile ago. Seriously, Is it really that hard to get numbers right.....
 
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