x*****r
发帖数: 2404 | 1 Sorry for not being able to type Chinese here.
We are currently in refinance process with rate locked at 3.875 for 30 years
. The appraisal value came back higher than what we paid a couple of months
ago (also the assumption on the rate lock sheet to calculate LTV). If we
do not change the loan amount, we will be in the 75% LTV instead of 80% on
the rate lock confirmation sheet. Will this affect the credit we will
receive from the refinance [The lender paid about $900 more on that day for
75% LTV]?
Thanks. |
x******g
发帖数: 3952 | 2 这就BSO了吧。
俺们都是Appraisal太低，倒贴钱才能refi啊。
years
months
for
【在 x*****r 的大作中提到】
: Sorry for not being able to type Chinese here.
: We are currently in refinance process with rate locked at 3.875 for 30 years
: . The appraisal value came back higher than what we paid a couple of months
: ago (also the assumption on the rate lock sheet to calculate LTV). If we
: do not change the loan amount, we will be in the 75% LTV instead of 80% on
: the rate lock confirmation sheet. Will this affect the credit we will
: receive from the refinance [The lender paid about $900 more on that day for
: 75% LTV]?
: Thanks.
|
x*****r
发帖数: 2404 | 3 no bso, real question.
The refinance is no cost based on 80% LTV. I do not know if the updated
appraisal value will change the lender's credit. I paid about 23% down for
my current mortgage, so it's realatively easy to be changed to a different
LTV category.
【在 x******g 的大作中提到】
: 这就BSO了吧。
: 俺们都是Appraisal太低，倒贴钱才能refi啊。
:
: years
: months
: for
|
f*****u
发帖数: 729 | 4 rebate (or rate) should be better |
g**p
发帖数: 62 | 5 这个是好事啊，gxgx。我觉得就是换一个算法计算你的首付百分比而已。最划算的情况
是这样，比如你首付原来是15%，每个月还要多交钱付PMI，但是因为你appraisal房价
更高，现在你的首付变成了20%以上 （就是你付出的钱除以appraisal房价），每个月
省下PMI的钱。不过你的case已经付超过20%的首付了。
years
months
for
【在 x*****r 的大作中提到】
: Sorry for not being able to type Chinese here.
: We are currently in refinance process with rate locked at 3.875 for 30 years
: . The appraisal value came back higher than what we paid a couple of months
: ago (also the assumption on the rate lock sheet to calculate LTV). If we
: do not change the loan amount, we will be in the 75% LTV instead of 80% on
: the rate lock confirmation sheet. Will this affect the credit we will
: receive from the refinance [The lender paid about $900 more on that day for
: 75% LTV]?
: Thanks.
|
h***b
发帖数: 1233 | 6 diff btw 75% vs 80% LTV (assuming FICO of 740 or better) is the extra "add-
on" fee lender charges--0.25% of loan amt. i.e. if it's 75%, the credit
lender pays will be slightly higher. consider it extra bonus! :p
if you target rate happens to be on the border line i.e. 4.25% vs 4.375%,
the extra 0.25% credit may tip you towards 4.25%. communicate w/ your
broker.
higher value is always better.
欢迎加入＂言之有屋＂Irvine Mortgage & RE 俱乐部
http://www.mitbbs.com/club_bbsdoc/charles.html
years
months
for
【在 x*****r 的大作中提到】
: Sorry for not being able to type Chinese here.
: We are currently in refinance process with rate locked at 3.875 for 30 years
: . The appraisal value came back higher than what we paid a couple of months
: ago (also the assumption on the rate lock sheet to calculate LTV). If we
: do not change the loan amount, we will be in the 75% LTV instead of 80% on
: the rate lock confirmation sheet. Will this affect the credit we will
: receive from the refinance [The lender paid about $900 more on that day for
: 75% LTV]?
: Thanks.
|
