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Private Lending & Conventional Mortgage Advice

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Bruce Bennett
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Submitted Loan App. to Dominion Financial. So Far So Good.

Bruce Bennett
Posted Oct 7 2021, 12:56

--Day 1:  called and tt l/o regarding refi of Quad.  Liked what I heard, decided to move forward. (They have 30 yr terms, Rates in the 4's....hip hip hooray :) Received Loan Questionnaire.

--Day2:   submitted loan questionnaire.

--Day 3:  L/o called to discuss terms.  LO did some clarification on fees:  

Approx $600 cost of appraisal (but that is out of their hands)  

+ 2% orig fee.

+ 500 doc prep 

+ escrows  (YES THEY ESCROW, WHICH I PERSONALLY HATE) (LO uncertain abt the number of months of escrow that will required at this time.)

+ cost of title work (I select the title co).  

Authorized them to order the appraisal.

--Day 4: Received list of required documents.  

That's  where I'm at.  I'll keep u posted, but so far so good.  Great actually.

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