Framing & Rate Update

Looks good so far and seems like we are on schedule. We were told they would start to frame to late last week. E drove past Friday night and they have most of the lower level done. No garage or stairs yet. I think he is going to be OCD the next couple of weeks and stop each day.

 

 

He also noticed that there are gaps in the framing. One in the kitchen and one in the Family Room directly across the lower level from one another. Does anyone else remember seeing these gaps and what their PM said about them?

 



 

I have been sending our information to a few local banks. Even though NVR is paying 1% of our transfer taxes, their closing costs are very comparable to other banks when we have to pay the full 2%. I emailed our LO and he was able to waive the origination fee, but he wasn't able to match the rate (4.375%) without charging .625% points. So with the waived origination fee and the charge for the rate we would get with no points at a local bank, we are back to where we started. I am waiting for him to send me the updated GFE, I am calculating that they should be close to $1K less. So I am curious to see what they added back in. I am going to now go back to the current bank and see if they will give us the 30 day lock rate of 4.25% with no points at the 60 day lock. Never hurts to ask.