wow! that's insane. Definitely over priced unless they were doing rental analysis forms and other forms beyond the regular appraisal. The others are right - no way could they mail the GFE and have the appraiser there before it. 3 days waiting period unless they emailed it to you and you had logged in acknowledging receipt.
the first place to start is looking to see if your loan is owned by fannie mae or freddie mac (or other investors). go to the respective sites and look it up. If it is, you can refinance over 100% loan to value. You obviously need to still be able to qualify for the loan too. HOpefully the thresholds would still work for you.
many, but keep in mind they are all looking at the HOA Certification that is part of the underwriting process now. things they will be looking at include the amount of investor-owned units in the HOA and also the number of delinquent homeowners. Why? Because in most cases, condos are insured by the HOA with the dues the homeowner's pay - if the accounts are not collectible, the bills can't be paid.
yes, why wouldn't there be? put in a request on the zillow marketplace
brutal. as if moving it up earlier in the year wasn't enough. It's making FHA loans very unappealing! And this is all ahead of the desire to wind down operations with Fannie/Freddie. looks like they are just preparing to bring in a lot of $$$ for the feds.
zillow mortgage section has been revamped and I don't see where a client can leave feedback / rate lender anymore. Am I just missing it?
I found the answers for you on the front page of www.efanniemae.com
all of this will take a few weeks to disseminate since it just came out today. Hang tight!
you'll have to have the agency that ran the credit report re-do the report. Yes, the FICO report we generate as lenders/brokers is a bit different than what you get on the consumer end of the bureau's websites. I'd be surprised if your score improved after showing a zero balance unless you can get a letter from the creditor showing it was a mistake and they can remove it altogether. That stinks! Worse case is you may want to flip the loan to an FHA deal since the scores are affected... or take a little higher rate on the conventional loan.
thanks for the great answer Rob! I wasn't familiar with vantage myself. I know the bureaus have typically generated their own versions of FICO scores which for a long time was a misnomer. it might be nice to see some revisions of FICO / Credit Score modelling so Vantage is most welcome!