All Forum Posts by: Evelina Khaimova

Hey! Feel free to msg me w/ any ?s. 

@Crystal S.

@Crystal S. This is SO overdue!!! But thank you for being able to get us all refinanced at the time!!! You really held our hand through the entire process and made the refi happen for us!!! You saved us a lot of money!!! Thank you!!! 

@Scott Swanson what part of Indiana?

I’m new to all of this.

Brrr method suggests that investors should invest in properties that are located in good school districts since it would later help for resell value. Also good school districts have some sort of direct relationship with how safe an area is. That’s what it seems like. Issue is that I’m finding there are no good decent deals under $100K in areas with good school districts. I’ve been searching mostly East coast, Midwest, some south. Am I doing this all wrong? Maybe I am understanding this method all wrong?

@Eric Schultz my apologizes, it was $8K that we had to bring to closing which we agreed on. Now it’s $15K to bring to closing... which $8K is now applied towards discount points. 

@Crystal S. thank you for your response. I see you are in NJ. I am in NY. The lender is now charging us $8K in points to get to the 2.875% ... He said that he will do this loan for free but the bank will not be coming out of pocket in lender credits. Weeks ago he send me the loan commitment to sign on a Friday mid day. I reviewed everything and there was verbiage there saying the rate would be variable. I called, then emailed then texted asking him to clear this up for me and resend the new loan commitment letter immediately. For 3 WEEKS we couldn’t get the response as to why there was a “variable” language in the LC letter. Finally i got fed up and my husband got involved - he told my husband over the phone that he dropped the ball and forgot to rate lock us when the rate was at 2.875%. He apologized and said that even if he has to do the loan for free, he will do it. What we didn’t know was all the fees that he would charge us to get to that 2.875%. I’m appalled as to what is going on and honestly feel so helpless at this point. Our mortgage is creeping up becuase of the loan defferment due to corona and we are also paying $700 more a month on a mortgage that isn’t even getting applied to our principle. The loan is going up, we cannot close.. he made us pay off $9K in credit cards, now he is asking for $15K at closing as opposed to $8K that we agreed to originally. He said we should dip into our retirement since he knows we don’t have the extra money to do this. Why do I need to dip into retirement when I wasn’t the one who made this mistake. I don’t know how to approach this. 

@Philip Garcia - I have emails and texts showing everything. His latest email said that he will give me the 2.875% but it will be with points. He also said that he will loose his commissions on this but the bank will not do any lender credits as the bank will not come out of pocket for anything. I haven’t replied yet. How would you reply to this? 

@Eric Schultz thank you. We are refinancing. He sent me back the new paper itemizing where every dollar is being spent but I didn’t see the “origination” fee - would it be under another name? Also - he is giving us the 2.875% BUT we are now paying $8K in points to get there. So instead of bringing $1200 to closing like we agreed, we have to bring $15K to closing to get the rate we want. However the loan isn’t getting smaller. The loan amount is still the same number as it was when we were brining $1200 to closing. Mind you, he also made us pay off $9K in CC debt. We had to do a forbearance last year when corona lockdown started and then in 6 months we did deferral. We started paying more for the mortgage monthly ($700 a month more) ... we did all he asked of us, blah blah... in the end - to do this refi we are going from 4.5% at $540K Appx in loan to 2.875% with a loan that’s $30K more!! Mind you, all the extras we had already paid and all the extra we will end up paying. This mistake of not closing rate on time is now beginning to cost me and I am beginning to think that even though he is saying he will waive his commissions and do this loan for free that maybe he isn’t doing loan for free and those commissions would end up being tucked into some sort of fee we could of get reduced too. I’m not even sure how to approach all this