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Enron Mail |
Hi Paul,
I have attached the new estimates below, with rolling in all costs you are saving about $100 per month including the first and second mortgages, which is substantial. At this point you probably have quite a bit in your escrow account, tax bills go out November 1 and insurance is due October 1. If you reduce your loan amount by these amounts and pay for them at closing out of pocket you will reduce it even more. The catch is that you won't receive this money back from your current until probably 5 weeks after closing. It's up to you whether you want to "pocket" that money by having rolled it into the loan amount or reimburse the out of pocket money from this closing by not having rolled it into the loan amount. It can be confusing so let me know if you have any questions. (See attached file: thomas paul refi gfe.xls) Linda Rhoden Sr. Loan Officer RMC Vanguard Mortgage Corp. 888.852.7645 ext. 6025 toll free 713.802.6025 direct line 713.802.6035 direct fax Confidentiality Notice: The information contained in this e-mail message including any attachments is privileged and confidential information intended for the use of the individual or entity named above. Distribution or copying of this communication is prohibited. Thank you. - thomas paul refi gfe.xls
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