Closing with Bank of America
Any recent experience on closing with Bank of America? I see mortgage Rates are insane and no one can beat them .. but do they close within a month?
How much is the rate?
They are slow. Their underwriting seems to be clueless. Several realitors in Seattle said they refuse offers when BofA is the Dundee because they are so bad. That said, we used them. They delayed closing several times. Almost lost the whole deal. Eventually closed and did get that sweet sweet low rate.
I just closed with BOA. It was pretty smooth. My agent placed a condition to my loan officer that the loan needed to close in 30 days. Took exactly 30 days to close.
I see. How did he place that condition?
The sellers agent requested that the loan needed to close in 30 days. My agent told the loan officer that we would only go with BOA if they could close in 30 days (or less). BOA said yes. (Written and documented)
I just applied too. The rates are great
What rate did you get?
I saw 3.25 with some points on a 30 year...I need to call them to finalize I’ll update tomorrow
Why would you buy a house now? Just to find out in a year that it lost 10% of its value?
Because i still need a place to live. Not good to time the market. If I buy now who cares what happens next year. I care about 10+ years from now
Lol, this comment dint age well for @IHcN54 🤣 .. I'm sure the house this person bought has already appreciated atleast 5 %
I’m closing with them now and it’s god awful. I’m an employee too, maybe that’s why they don’t give a shit. Combined household income is over 400K and they’re being dicks about documentation and keep changing the documentation requirements on a daily basis. If I had the time, I would switch lenders.
BoA - Bullshit Of Assholes’. Their process and torcher is unbearable. Don’t go them WellsFargo is awesome
Banks will fight for your mortgage business if you have a good score. Call Chase and Wells, get prequalified and they will match or beat the rate always.
Anyone can if you’re prompt with your paperwork