South Jersey Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Re-financing
We started working with my H's uncle (who is a loan officer) on refinancing. ?We need our new mortgage to be $180,000. Our closing costs are expected to be $4900 plus $2500 into escrow. I feel like $4900 is too much, but this would be the first time I'd be refinancing, so what do I know. So my question is to those of you who have refinanced or are looking to. How much were/are your closing costs (not including what they are putting into escrow)? And how much was/is your loan for? The rate he quoted us at is 4.875% with 1 point. Anyone getting anything better than that? Thanks for you help!
Re: Re-financing
I work in the title insurance/mortgage industry. Did you buy your house in the last ten years? If so, you can get reissue rate on your title insurance which will lower your costs. Your paying 1 point is what is raising your costs. Can you afford a rate at 5.75%-ish? Your principal and interest would be roughly $1035 a month, then you have to add in your monthly taxes and homeowner's insurance into that. My husband and I have a mortgage with Commerce now TD at 5.75 and our payment is $1400. We live in Pine Hill and have $400 a month tax bill.
Can the broker pick up any of the fees? Such as application or appraisal? I know we didn't pay either when we purchased our home in May.
I would also suggest shopping around. Just becuase he's family doesn't mean he can offer you the best deal, the mortgage underwriters are really cracking down.