Applied April Home ReFinance, Countrywide Mortgage,have not closed yet,daughters wedding Sept.out oF state.?

Deal Score0

Need this to attend and help her pay For meals. Now I Fear its going too long and we wont be able to attend and help without this loan. Sent them everything and all we do is wait.

And is’t a good advice to refinance with my mortgage company (CountryWide Home And Loans) or shop around other Loan companies

  1. Reply
    April 29, 2011 at 9:03 pm

    What kind of answer do you get when you ask when the loan will close? Oh, sorry, it’s Countrywide.

    I strongly suggest you consider finding a different mortgage company. Countrywide on it’s best day is a royal pain. Customer service reps with heavy accents that can only read the scripted reply, no matter what the question. And Countrywide has some very interesting new math when it comes to calculating monthly escrow amounts.

  2. Reply
    Irena S
    April 29, 2011 at 9:29 pm

    I advice you to contact Rev. Clarkson Loan Firm at: That is where i got my loan of $ 95,000.00, from after been scammed 3 times.
    He is a man of God.
    Thank you Rev. Clarkson

  3. Reply
    Jay P
    April 29, 2011 at 10:17 pm

    Regardless, of whether or not you close, let me see if I understand this correctly. You have refinanced your home and taken money out in order to help pay for your daughter’s wedding. I don’t want to sound preachy, but that is simply a terrible financial decision. You’re putting your home at risk for a five hour event.

  4. Reply
    April 29, 2011 at 10:52 pm

    Shop around. You will probably get the best deal from you existing lender, assuming you are a good customer.

  5. Reply
    April 29, 2011 at 11:25 pm

    you can do just that by coming to the table with the cost to do so. Not a problem just tell the loan officer what you want. Rates vary so get a professional to help you
    I am a mortgage banker in TN & KY

  6. Reply
    April 29, 2011 at 11:27 pm

    You will want to contact a mortgage banker/broker from your local telephone book or a referral from a friend or family member. Tell that person that you want a rate and term refinance with all cost rolled into the new mortgage loan.

    With a mortgage loan such as this you will not get any cash in your hand and the minimum equity would be used for this transaction. You could also possibly lose the PMI requirement that is required by your current mortgage.

    You might also check and see if your current mortgage company will do this rate and term refinance with you, only they will call it a stream line refinance. If your current mortgage company is able to do the stream line it will be a lot less paperwork because they have most of the information needed.

    I hope this has been of some use to you, good luck.

    “FIGHT ON”

  7. Reply
    Expert Realtor
    April 30, 2011 at 12:27 am

    You can’t.

    This is how banks make money…they charge a fee for refinancing.

    How do you think the loan officer gets paid a commission? They are not on salary. Same for underwriters, processors, they are all on salary plus bonus, along with sales managers, post closing auditors, receptionist, etc.

    So you either have to pay for the closing costs out of your own pocket or you have to finance them back in with the loan.

    No bank is going to do it for free. Why would they?

  8. Reply
    Doctor Deth
    April 30, 2011 at 12:30 am

    if you are paying PMI, you probably don;t have enough equity (if any) to refi at all – how long have you been paying on the mortgage – don;t forget, your houses value may have decreased 10-30% in the last 3 yrs – you might have negative equity, like a lot of people (including me) – which would totally prevent you from refinancing

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