I forgot that postage rates were going up on January 27, 2013. Some of my clients who will be receiving my quarterly newsletter will see an extra $0.01 in postage on this issue!
“Going postal” will soon mean “taking the weekend off” this summer when Saturday mail delivery ends. It will be interesting to see how this impacts the mortgage process, especially refinances with the right of rescission period. Currently with an owner occupied refinance, three business days must pass after signing before the loan can close. Many consider “three postal” days as three business days. This could cost additional time with some rate lock commitments. Stay tuned!
By the way, I do have a couple extra of my newsletters left over – if you would like me to mail one to you, please send me your name and address.
Of course if you’re interested in residential mortgage for home purchase, refinance or even a reverse mortgage, I’m happy to help you as long as the home is located in Washington state.