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AuthorPosts
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HLS
ParticipantWith a buydown, I can offer 30 YR fixed @ 5% PITI.
Loan amount max is $417K
IF you qualify,
Here are the buydown options at the moment.
RATE % cost
5.625 .25
5.50 .75
5.375 1.50
5.25 2.25
5.125 3.25
5.00 4.00
Subject to change at anytime. There are closing costs to get these rates.HLS
ParticipantIt depends on what loan amount that you are looking for.
“a 760 will get you much more than 680”
Isn’t necessarily true. Another myth.The best conforming loans ($417K or less) the pricing is the same as long as score is 680 or above.
The underwriting is an automated system. It may give more weight to a higher score, but with an approval, the rate will be the same for a 760 as 680.
On a loan amount above $417K, different lenders offer different pricing. I think that the best pricing on a jumbo loan is on a score above 760, but a different lender may offer siimilar pricing at a 720 score.
Scores can vary by 30-40 points monthly depending on credit card balances and usage.
Having no balance doesn’t always mean that you score will be higher than having a balance.
HLS
ParticipantIt depends on what loan amount that you are looking for.
“a 760 will get you much more than 680”
Isn’t necessarily true. Another myth.The best conforming loans ($417K or less) the pricing is the same as long as score is 680 or above.
The underwriting is an automated system. It may give more weight to a higher score, but with an approval, the rate will be the same for a 760 as 680.
On a loan amount above $417K, different lenders offer different pricing. I think that the best pricing on a jumbo loan is on a score above 760, but a different lender may offer siimilar pricing at a 720 score.
Scores can vary by 30-40 points monthly depending on credit card balances and usage.
Having no balance doesn’t always mean that you score will be higher than having a balance.
HLS
ParticipantIt depends on what loan amount that you are looking for.
“a 760 will get you much more than 680”
Isn’t necessarily true. Another myth.The best conforming loans ($417K or less) the pricing is the same as long as score is 680 or above.
The underwriting is an automated system. It may give more weight to a higher score, but with an approval, the rate will be the same for a 760 as 680.
On a loan amount above $417K, different lenders offer different pricing. I think that the best pricing on a jumbo loan is on a score above 760, but a different lender may offer siimilar pricing at a 720 score.
Scores can vary by 30-40 points monthly depending on credit card balances and usage.
Having no balance doesn’t always mean that you score will be higher than having a balance.
HLS
ParticipantIt depends on what loan amount that you are looking for.
“a 760 will get you much more than 680”
Isn’t necessarily true. Another myth.The best conforming loans ($417K or less) the pricing is the same as long as score is 680 or above.
The underwriting is an automated system. It may give more weight to a higher score, but with an approval, the rate will be the same for a 760 as 680.
On a loan amount above $417K, different lenders offer different pricing. I think that the best pricing on a jumbo loan is on a score above 760, but a different lender may offer siimilar pricing at a 720 score.
Scores can vary by 30-40 points monthly depending on credit card balances and usage.
Having no balance doesn’t always mean that you score will be higher than having a balance.
HLS
ParticipantIt depends on what loan amount that you are looking for.
“a 760 will get you much more than 680”
Isn’t necessarily true. Another myth.The best conforming loans ($417K or less) the pricing is the same as long as score is 680 or above.
The underwriting is an automated system. It may give more weight to a higher score, but with an approval, the rate will be the same for a 760 as 680.
On a loan amount above $417K, different lenders offer different pricing. I think that the best pricing on a jumbo loan is on a score above 760, but a different lender may offer siimilar pricing at a 720 score.
Scores can vary by 30-40 points monthly depending on credit card balances and usage.
Having no balance doesn’t always mean that you score will be higher than having a balance.
HLS
ParticipantIf you banked a profit from the sale of your Valencia home, it has probably dropped $100K-$150K or more in value in 2 years.
You should be collecting at least 5% interest on your cash.
If you had gains, it was tax free up to the limits.You are probably renting for 50% of what the true cost of ownership at today’s price is, so you are saving every month that you rent.
A house that you BOUGHT could have been next to a frat house and a house that you BOUGHT could have had utility bills at $500 in summer, so you cannot attribute those issues to renting.
Your choices of rentals have been piss poor.
There are plenty of responsible landlords with excellent properties, (who are losing money monthly by owning today) looking for good, long term tenants.Had you picked better, you would still be in the same rental that you moved to after you sold two years ago.
You have probably saved at least $200K-$250K of net worth by doing what you did.
I know plenty of people who wish that they would have done what you did, and not be complaining about it today, even after what you have gone through.
Saving $200K+ of net worth even with younger kids really isn’t so difficult.
a)Are you complaining ?
b)Are you trying to make a point ?
PS: I guess that nobody told you that moving into a brand new house owned by inexperienced LL’s that are going to lose their a$$ in the biggest real estate downturn in history isn’t a good idea.
You not only did it once, you did it twice, and possibly the same mistake a third time ?
HLS
ParticipantIf you banked a profit from the sale of your Valencia home, it has probably dropped $100K-$150K or more in value in 2 years.
You should be collecting at least 5% interest on your cash.
If you had gains, it was tax free up to the limits.You are probably renting for 50% of what the true cost of ownership at today’s price is, so you are saving every month that you rent.
A house that you BOUGHT could have been next to a frat house and a house that you BOUGHT could have had utility bills at $500 in summer, so you cannot attribute those issues to renting.
Your choices of rentals have been piss poor.
There are plenty of responsible landlords with excellent properties, (who are losing money monthly by owning today) looking for good, long term tenants.Had you picked better, you would still be in the same rental that you moved to after you sold two years ago.
You have probably saved at least $200K-$250K of net worth by doing what you did.
I know plenty of people who wish that they would have done what you did, and not be complaining about it today, even after what you have gone through.
Saving $200K+ of net worth even with younger kids really isn’t so difficult.
a)Are you complaining ?
b)Are you trying to make a point ?
PS: I guess that nobody told you that moving into a brand new house owned by inexperienced LL’s that are going to lose their a$$ in the biggest real estate downturn in history isn’t a good idea.
You not only did it once, you did it twice, and possibly the same mistake a third time ?
HLS
ParticipantIf you banked a profit from the sale of your Valencia home, it has probably dropped $100K-$150K or more in value in 2 years.
You should be collecting at least 5% interest on your cash.
If you had gains, it was tax free up to the limits.You are probably renting for 50% of what the true cost of ownership at today’s price is, so you are saving every month that you rent.
A house that you BOUGHT could have been next to a frat house and a house that you BOUGHT could have had utility bills at $500 in summer, so you cannot attribute those issues to renting.
Your choices of rentals have been piss poor.
There are plenty of responsible landlords with excellent properties, (who are losing money monthly by owning today) looking for good, long term tenants.Had you picked better, you would still be in the same rental that you moved to after you sold two years ago.
You have probably saved at least $200K-$250K of net worth by doing what you did.
I know plenty of people who wish that they would have done what you did, and not be complaining about it today, even after what you have gone through.
Saving $200K+ of net worth even with younger kids really isn’t so difficult.
a)Are you complaining ?
b)Are you trying to make a point ?
PS: I guess that nobody told you that moving into a brand new house owned by inexperienced LL’s that are going to lose their a$$ in the biggest real estate downturn in history isn’t a good idea.
You not only did it once, you did it twice, and possibly the same mistake a third time ?
HLS
ParticipantIf you banked a profit from the sale of your Valencia home, it has probably dropped $100K-$150K or more in value in 2 years.
You should be collecting at least 5% interest on your cash.
If you had gains, it was tax free up to the limits.You are probably renting for 50% of what the true cost of ownership at today’s price is, so you are saving every month that you rent.
A house that you BOUGHT could have been next to a frat house and a house that you BOUGHT could have had utility bills at $500 in summer, so you cannot attribute those issues to renting.
Your choices of rentals have been piss poor.
There are plenty of responsible landlords with excellent properties, (who are losing money monthly by owning today) looking for good, long term tenants.Had you picked better, you would still be in the same rental that you moved to after you sold two years ago.
You have probably saved at least $200K-$250K of net worth by doing what you did.
I know plenty of people who wish that they would have done what you did, and not be complaining about it today, even after what you have gone through.
Saving $200K+ of net worth even with younger kids really isn’t so difficult.
a)Are you complaining ?
b)Are you trying to make a point ?
PS: I guess that nobody told you that moving into a brand new house owned by inexperienced LL’s that are going to lose their a$$ in the biggest real estate downturn in history isn’t a good idea.
You not only did it once, you did it twice, and possibly the same mistake a third time ?
HLS
ParticipantIf you banked a profit from the sale of your Valencia home, it has probably dropped $100K-$150K or more in value in 2 years.
You should be collecting at least 5% interest on your cash.
If you had gains, it was tax free up to the limits.You are probably renting for 50% of what the true cost of ownership at today’s price is, so you are saving every month that you rent.
A house that you BOUGHT could have been next to a frat house and a house that you BOUGHT could have had utility bills at $500 in summer, so you cannot attribute those issues to renting.
Your choices of rentals have been piss poor.
There are plenty of responsible landlords with excellent properties, (who are losing money monthly by owning today) looking for good, long term tenants.Had you picked better, you would still be in the same rental that you moved to after you sold two years ago.
You have probably saved at least $200K-$250K of net worth by doing what you did.
I know plenty of people who wish that they would have done what you did, and not be complaining about it today, even after what you have gone through.
Saving $200K+ of net worth even with younger kids really isn’t so difficult.
a)Are you complaining ?
b)Are you trying to make a point ?
PS: I guess that nobody told you that moving into a brand new house owned by inexperienced LL’s that are going to lose their a$$ in the biggest real estate downturn in history isn’t a good idea.
You not only did it once, you did it twice, and possibly the same mistake a third time ?
HLS
ParticipantThe opening bid was $50k…it may as well have been 1c.
There is still a reserve price that needs to be met, although it isn’t disclosed.
HLS
ParticipantThe opening bid was $50k…it may as well have been 1c.
There is still a reserve price that needs to be met, although it isn’t disclosed.
HLS
ParticipantThe opening bid was $50k…it may as well have been 1c.
There is still a reserve price that needs to be met, although it isn’t disclosed.
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