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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Tipping at closing or before??? Who gets what??
Posted by DjPiLL
Posted by Redhead
why are you so LAME?
Red:
Strike up another "tally" on the chalkboard.
I have suckered another "1st poster" out of the woodwork.
ahhhhhhhhhhh why do they never learn
Cowards.....man they must have really low self esteem
Message edited 2/16/2006 9:34:51 PM.
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Posted 2/16/06 9:34 PM  |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by titlecloserandlovingit
Were you stolen as an infant from your crib by a tribe of title closers and sold into some DJ slavery hell?
No... actually about a year ago... I was flour-bombed by the ATETCA... otherwise known as the "Association for the -Tipping Expecting- Title Closers of America".
This incident put a permanent scar on my life and I haven't been able to live it down.
Thus... I need to express my rants on a random internet forum.
With that said....
guess.
whats
coming...
another
person
has
been
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| Posted 2/16/06 9:41 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Tipping at closing or before??? Who gets what??
DJ...although this numb nut has been owned...i highly recommend a return due to serious malfunctions
Message edited 2/16/2006 9:45:25 PM.
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| Posted 2/16/06 9:45 PM |
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stayandjohn
Our life is complete
Member since 5/05 5909 total posts
Name:
Stacey
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Re: Tipping at closing or before??? Who gets what??
A mortgage broker saying not to tip???? BTW this is Hubby, mortgage brokers are the BIGGEST CRIMINALS in the industry...why should someone have to pay points?? Cause the broker has to pay for his porsche?
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| Posted 2/16/06 9:45 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by stayandjohn
why should someone have to pay points?? Cause the broker has to pay for his porsche?
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| Posted 2/16/06 9:48 PM |
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Re: Tipping at closing or before??? Who gets what??
DJ Pill:
Why are you not getting into this great debate about the benefits and detriments of tipping closers? Have you nothing more intelligent to say then that? Have you nothing substantive to say about tipping closers so you are attacking me for being a new poster to LI Families? I am an outsider, yes. You are therefore execused in your prejudices and hatred of all that is alien to LI Families.
This culture on this webste of ostracizing people who aren't considered a part of your LI Family society is a little sick. I was hoping to say something constructive and joke around about DJ Pill who clearly has some unresolved issues with title closers and I am personally attacked? Calling someone a coward? I mean really. Would you like to challenge me to a duel now?
My advice comes from great experience in the title industry. But becaue i am not a regular on this website I am ignored? That is deranged.
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| Posted 2/16/06 9:50 PM |
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stayandjohn
Our life is complete
Member since 5/05 5909 total posts
Name:
Stacey
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Re: Tipping at closing or before??? Who gets what??
Look at any HUD-1 form and look and see what the mortgage broker gets. They get more than the title closer, and all 3 atty's at the closings combined.
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| Posted 2/16/06 9:50 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Tipping at closing or before??? Who gets what??
Posted by titlecloserandlovingit
DJ Pill:
Why are you not getting into this great debate about the benefits and detriments of tipping closers? Have you nothing more intelligent to say then that? Have you nothing substantive to say about tipping closers so you are attacking me for being a new poster to LI Families? I am an outsider, yes. You are therefore execused in your prejudices and hatred of all that is alien to LI Families.
This culture on this webste of ostracizing people who aren't considered a part of your LI Family society is a little sick. I was hoping to say something constructive and joke around about DJ Pill who clearly has some unresolved issues with title closers and I am personally attacked? Calling someone a coward? I mean really. Would you like to challenge me to a duel now?
My advice comes from great experience in the title industry. But becaue i am not a regular on this website I am ignored? That is deranged.
you are a coward...plain and simple.
If you stand by your convictions...
WHY CREATE A NEW NAME to say them?
Oh yes...coward you are
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| Posted 2/16/06 9:52 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by titlecloserandlovingit
This culture on this webste of ostracizing people who aren't considered a part of your LI Family society is a little sick. I was hoping to say something constructive......
<SNIP>
So talking about my crib and slavery is CONSTRUCTIVE?
Do me a favor... before you open your mouth further... show me ONE ARTICLE... ANYWHERE... that says you should tip the title closer.
If you can't show me this... don't bother responding. And take your crib with you.
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| Posted 2/16/06 9:53 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by stayandjohn
Look at any HUD-1 form and look and see what the mortgage broker gets. They get more than the title closer, and all 3 atty's at the closings combined.
My broker made about $2000 (paid by the bank)... give or take. They are crooks in the end.
I don't care... cause I got a KILLER interest rate from him. (5.375%... 0 points... 30yr fixed).
He can be a crook all he wants... if he offers me those kind of deals.
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| Posted 2/16/06 9:55 PM |
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stayandjohn
Our life is complete
Member since 5/05 5909 total posts
Name:
Stacey
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Re: Tipping at closing or before??? Who gets what??
Hubby again, I hate to tell you this but you did pay him a lot more you just didnt see it, they charge all sorts of crap like document prep fee and a whole bunch of processing fees which dont really cost as much as they charge.
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| Posted 2/16/06 9:59 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by stayandjohn
Hubby again, I hate to tell you this but you did pay him a lot more you just didnt see it, they charge all sorts of crap like document prep fee and a whole bunch of processing fees which dont really cost as much as they charge.
Believe me... I know more than you think.
Yes I got hit with some fees (not a lot... maybe quarter of a point)... but the best 0% no 800 fees offer I had at the time was at 5.75%. Most banks were in the 5.75 - 6.00 range.
The difference in the interest rate means... I break even with the "fees" after two years of making payments.
Then add on all of the mortage interest I save over the LIFE of the loan going from 5.75% to 5.375%... and its a no-brainer decision to go with the much lower rate.
Now if the rate difference was only an eighth of a point... then thats different.
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| Posted 2/16/06 10:05 PM |
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stayandjohn
Our life is complete
Member since 5/05 5909 total posts
Name:
Stacey
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Re: Tipping at closing or before??? Who gets what??
Plan on being on that same house for the next 30 years? If so, then it wasnt worth it.
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| Posted 2/16/06 10:08 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by stayandjohn
Plan on being on that same house for the next 30 years? If so, then it wasnt worth it.
Next 30 years? How do you figure? Its worth it if I am in the house for 2 years.
Do the numbers.
Calculate a 300k mortgage with $1500 worth of fees at 5.375%.... then calculate a 300k mortgage with no fees at 5.75%.
Then look at how much you pay in mortgage interest over the LIFE of both loans. You are talking tens of thousands I believe.
Then look at any amortization calculator on the internet... look at the two deals... with the 5.75% deal I pay about 370k worth of mortgage interest over the life of the loan. The 5.375% deal I pay only 305k. Thats a potential SIXTY THOUSAND DOLLAR SAVINGS.
Even if you don't plan on staying there forever... look where you break even on paying the $1500 over time. Its about two years... give or take.
I know you hate brokers. I hate them too. I was also a big advocate of paying NO FEES.
But trust me when I say... it was a no-brainer decision with the discount of the interest rate I got.
Are you still going to disagree? 
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| Posted 2/16/06 10:13 PM |
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Re: Tipping at closing or before??? Who gets what??
No article, just plenty of real life experience. There are few articles written on the topic of tipping title closers. People are not as obsessed over it as you are, apparently. Sorry you didn't like my joke about the tribe of closers. I thought it was funny.
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| Posted 2/16/06 10:15 PM |
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stayandjohn
Our life is complete
Member since 5/05 5909 total posts
Name:
Stacey
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Re: Tipping at closing or before??? Who gets what??
Yes, take an arm loan for 5 to 7 years at a 4% loan, less out of your pocket now and later, move out of the house and still have money in simple simple terms, y pay ALL that interest if you will only be there for a few years.
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| Posted 2/16/06 10:17 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
I'll save you the math.
Monthly payment at 5.375%: 1670
Monthly payment at 5.75%: 1750
I pay off the $1500 in fees in 21 months.
Still think it was a bad deal? 
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| Posted 2/16/06 10:17 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by titlecloserandlovingit
No article, just plenty of
<SNIP>
Sorry... game over.
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| Posted 2/16/06 10:18 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by stayandjohn
Yes, take an arm loan for 5 to 7 years
Now you are comparing apples to oranges. Now now now... you can't do that.
My broker would have shaved a half point on any of his ARM products compared to my next best offer.
But regardless... I don't believe in ARMs... they are not for me. ARMs vs. Fixed is a totally different debate.
Compare apples to apples... 30yr fixed 0 points from both deals... the broker's deal was a better 30yr FIXED deal.
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| Posted 2/16/06 10:20 PM |
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Re: Tipping at closing or before??? Who gets what??
Be forewarned. Closers are everywhere and I have put out the word about your anti-closer hatred. The next bar mitzah or wedding you play at, if there is a closer in the room, it could get pretty messy.
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| Posted 2/16/06 10:24 PM |
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stayandjohn
Our life is complete
Member since 5/05 5909 total posts
Name:
Stacey
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Re: Tipping at closing or before??? Who gets what??
Believe what you want, keep paying all that extra money and paying for mortgage brokers new Bently or Maybach.
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| Posted 2/16/06 10:24 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by titlecloserandlovingit
Be forewarned. Closers are everywhere and I have put out the word about your anti-closer hatred. The next bar mitzah or wedding you play at, if there is a closer in the room, it could get pretty messy.
LOL Thanks for the heads up. I will keep an eye out.
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| Posted 2/16/06 10:25 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Tipping at closing or before??? Who gets what??
Posted by titlecloserandlovingit
Be forewarned. Closers are everywhere and I have put out the word about your anti-closer hatred. The next bar mitzah or wedding you play at, if there is a closer in the room, it could get pretty messy.
DJ...are you doing the wedding circuit these days?
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| Posted 2/16/06 10:25 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by stayandjohn
Believe what you want, keep paying all that extra money and paying for mortgage brokers new Bently or Maybach.
Believe me. I hear what you are saying. I can't stand brokers. They are one step above car salesman as far as I am concerned. A lot of them will offer the SAME rates a major bank will... AND they will tack on all those stupid 800 fees.
I don't even like my broker to a point. I know he is full of shyt on a lot of things. But I am educated enough to spot the BS from the real deal.
Will I recommend him to somebody? Given my experience and the money I saved in the end and I have the numbers to back it up... I sure will. 
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| Posted 2/16/06 10:28 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Tipping at closing or before??? Who gets what??
Posted by Redhead
DJ...are you doing the wedding circuit these days?
Currently? Thank god no. The club scene is keeping me busy enough. And definitely not doing the bar mitzvah or sweet sixteen thing anytime soon.
The last thing I want to do is have to kiss some prepubescent "little princess"s (_)_) during a party.
But you never know... I may get back into the private party business at some point. I'll have to keep an eye out for ATETC (or whatever the hell association its called now).
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| Posted 2/16/06 10:31 PM |
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