Mortgage Rate Lock - Expiry

[Yuvasamudram]

Rate lock chesa I believe a month ago. Personal ga busy ga undi documents late ga submit chesa so I am not able to finish refinancing by by due date.

Is it common to pay title fee and others if we withdraw refinancing application? or LO wants me to pay $350 to extend the lock. I am not sure if this common so wanted to check before I pay. TIA

What happens when they send the Bill and I don't pay? Can they go to collection agency?

[Yuvasamudram]

Enti andaru full busy ga unnattunnaru. LTT.

[Peddayana]

rates inka padutunnayi kada , rate lock teesthe neeku labham aa nastham aa , adi cheppaledu nuvvu

[Yuvasamudram]

49 minutes ago, Peddayana said:

rates inka padutunnayi kada , rate lock teesthe neeku labham aa nastham aa , adi cheppaledu nuvvu

Nenu 2.75% ki lock chesa and ninna 3.15% ani cheppindi.

But my loan officer is very cunning and rude(konchem cheat chese mentality). Just phone call lone name chepthe credit report pull chesindi. Adenti naa approval ledu SSN ivvaledu ante nee name pull chesa anindi.

[Peddayana]

3 minutes ago, Yuvasamudram said:

Nenu 2.75% ki lock chesa and ninna 3.15% ani cheppindi.

But my loan officer is very cunning and rude(konchem cheat chese mentality). Just phone call lone name chepthe credit report pull chesindi. Adenti naa approval ledu SSN ivvaledu ante nee name pull chesa anindi.

hmm , they asked me multiple times for confirmation on credit check as I initially applied for pre approval and waited for months before actually applying for loan , nee consent lekunda they should not pull

beware of shady practices , first lone ila unnaru ante they may have hidden charges etc , anni chadivaka apply 

in this scenario though , it is beneficial for you to opt for rate lock as that is a good rate , but are you sure you want to proceed with these guys? reviews anni choosava if they are reliable?

[Yuvasamudram]

40 minutes ago, Peddayana said:

hmm , they asked me multiple times for confirmation on credit check as I initially applied for pre approval and waited for months before actually applying for loan , nee consent lekunda they should not pull

beware of shady practices , first lone ila unnaru ante they may have hidden charges etc , anni chadivaka apply 

in this scenario though , it is beneficial for you to opt for rate lock as that is a good rate , but are you sure you want to proceed with these guys? reviews anni choosava if they are reliable?

Ya. Agent recommend chesadu. Withdraw chesukundam ani chusthunna but they are asking me to pay Title fee and other payments as withdrawal fee.

I never experienced this before.

[ForEverJava]

Last week sudden edo 50 base points penchadu over all FNMA or some lender..so pratodiki 0.5% penchi dobbitunnaru..i got locked at 2.2  for 15 yr few weeks back submitted docs and waiting on closing soon. 

[reality]

You don’t have an obligation to go with it. Dikku unna chota cheppukomanu..

[Yuvasamudram]

1 minute ago, reality said:

You don’t have an obligation to go with it. Dikku unna chota cheppukomanu..

Are you sure?

Sure aithe assalu pay cheyyanu. Some $400 ki edo bill pampistha Title work etc ani anindi. I signed Intend to proceed with refinancing etc documents. Sign chesaka ee hidden charges anni bayataku theesindi. Very cheating mindset.

 

[cloud]

I font think they can collect money for cancelling . Chala mandi haath echi vere lender daggarki pothaaru if rates go down . Evaru aa lender name

[reality]

1 minute ago, Yuvasamudram said:

Are you sure?

Sure aithe assalu pay cheyyanu. Some $400 ki edo bill pampistha Title work etc ani anindi. I signed Intend to proceed with refinancing etc documents. Sign chesaka ee hidden charges anni bayataku theesindi. Very cheating mindset.

 

Until to you sign a final closing disclosure, you are not in for the loan, AFAIK. You can opt out at any point prior to that.

Also, you are saying those charges are hidden. You have more reasons to deny the loan.

[khillu_dada]

14 minutes ago, ForEverJava said:

Last week sudden edo 50 base points penchadu over all FNMA or some lender..so pratodiki 0.5% penchi dobbitunnaru..i got locked at 2.2  for 15 yr few weeks back submitted docs and waiting on closing soon. 

they reverted back that hike today bro. rates are back to low now.

[Yuvasamudram]

1 minute ago, reality said:

Until to you sign a final closing disclosure, you are not in for the loan, AFAIK. You can opt out at any point prior to that.

Also, you are saying those charges are hidden. You have more reasons to deny the loan.

 

2 minutes ago, cloud said:

I font think they can collect money for cancelling . Chala mandi haath echi vere lender daggarki pothaaru if rates go down . Evaru aa lender name

Race Gurram lo Brahmanandam laa nannu rechipomantara?

Hidden charges ante Rate Lock expire avuthundi extend cheyyali ante $341 kattamandi. Naaku mundu cheppaledu so I want to withdraw ante Title fee $400(This is what I am referring to hideen fee) bill pamputhanu andi.

[khillu_dada]

24 minutes ago, Yuvasamudram said:

Ya. Agent recommend chesadu. Withdraw chesukundam ani chusthunna but they are asking me to pay Title fee and other payments as withdrawal fee.

I never experienced this before.

Lyt teesuko bro.

don't pay a penny.

[cloud]

1 minute ago, Yuvasamudram said:

 

Race Gurram lo Brahmanandam laa nannu rechipomantara?

Hidden charges ante Rate Lock expire avuthundi extend cheyyali ante $341 kattamandi. Naaku mundu cheppaledu so I want to withdraw ante Title fee $400(This is what I am referring to hideen fee) bill pamputhanu andi.

Generally enni days ki lock chestunnamo cheptaaru lenders . She may have locked for least days like 30 so that she can save money . Em kaadu bro .. i know many ppl jumped to other lenders . Basic ga lenders mana tho apprisal paisal kattinchukuntaaru like 500 so that jump kaaru ani but thr is no obligation . Go thrugh the docs u have signed before u show middle finger . Between krishna ithae kaadu ga lender .. i am closing with him next week