[SD Realtor]

Yep either they did not close escrow and are still in process or they crashed and burned… or they never got accepted bids.

Yeah I though the one that did close was from an earlier auction cuz the closing date was before the late October auction.

SD Realtor

[SD Realtor]

Yep either they did not close escrow and are still in process or they crashed and burned… or they never got accepted bids.

Yeah I though the one that did close was from an earlier auction cuz the closing date was before the late October auction.

SD Realtor

[SD Realtor]

Yep either they did not close escrow and are still in process or they crashed and burned… or they never got accepted bids.

Yeah I though the one that did close was from an earlier auction cuz the closing date was before the late October auction.

SD Realtor

[SD Realtor]

Yep either they did not close escrow and are still in process or they crashed and burned… or they never got accepted bids.

Yeah I though the one that did close was from an earlier auction cuz the closing date was before the late October auction.

SD Realtor

[SD Realtor]

Yep either they did not close escrow and are still in process or they crashed and burned… or they never got accepted bids.

Yeah I though the one that did close was from an earlier auction cuz the closing date was before the late October auction.

SD Realtor

[SD Realtor]

CDMA –

There are different classifications/terminologies used to define prepayment penalties.

A prepayment penalty implies a fixed period of time that you must keep a loan. You cannot refi, you cannot sell your home, you cannot do squat otherwise you pay a prepayment penalty. A “hard” prepayment penalty means you cannot sell the home without paying a penalty. A “soft” prepayment penalty implies you cannot refi the home without a prepayment penalty.

Just about all hybrid loans carry a soft prepayment penalty for a fixed number of years. Some of them even carry a hard prepayment penalty as well.

I am not a mortgage broker so I am sure many who are more well versed then I can comment.

Wrangler good for you on the purchase as well. My only concern is that the refinancing strategy part concerns me. Honestly covering that “base” is a VERY important thing and I feel that this may be a portion of the purchasing process that was not as well researched as could have been.

The physical inspection part is a very good idea. No reason not to do it. For a few hundred bucks it makes sense to do on an investment that is at least several hundred thousand. As I said, the important thing to check is that the builder will indeed remedy findings that are brought up by the inspector. I would ASSUME they will BUT asking beforehand could not hurt.

[SD Realtor]

CDMA –

There are different classifications/terminologies used to define prepayment penalties.

A prepayment penalty implies a fixed period of time that you must keep a loan. You cannot refi, you cannot sell your home, you cannot do squat otherwise you pay a prepayment penalty. A “hard” prepayment penalty means you cannot sell the home without paying a penalty. A “soft” prepayment penalty implies you cannot refi the home without a prepayment penalty.

Just about all hybrid loans carry a soft prepayment penalty for a fixed number of years. Some of them even carry a hard prepayment penalty as well.

I am not a mortgage broker so I am sure many who are more well versed then I can comment.

Wrangler good for you on the purchase as well. My only concern is that the refinancing strategy part concerns me. Honestly covering that “base” is a VERY important thing and I feel that this may be a portion of the purchasing process that was not as well researched as could have been.

The physical inspection part is a very good idea. No reason not to do it. For a few hundred bucks it makes sense to do on an investment that is at least several hundred thousand. As I said, the important thing to check is that the builder will indeed remedy findings that are brought up by the inspector. I would ASSUME they will BUT asking beforehand could not hurt.

[SD Realtor]

CDMA –

There are different classifications/terminologies used to define prepayment penalties.

A prepayment penalty implies a fixed period of time that you must keep a loan. You cannot refi, you cannot sell your home, you cannot do squat otherwise you pay a prepayment penalty. A “hard” prepayment penalty means you cannot sell the home without paying a penalty. A “soft” prepayment penalty implies you cannot refi the home without a prepayment penalty.

Just about all hybrid loans carry a soft prepayment penalty for a fixed number of years. Some of them even carry a hard prepayment penalty as well.

I am not a mortgage broker so I am sure many who are more well versed then I can comment.

Wrangler good for you on the purchase as well. My only concern is that the refinancing strategy part concerns me. Honestly covering that “base” is a VERY important thing and I feel that this may be a portion of the purchasing process that was not as well researched as could have been.

The physical inspection part is a very good idea. No reason not to do it. For a few hundred bucks it makes sense to do on an investment that is at least several hundred thousand. As I said, the important thing to check is that the builder will indeed remedy findings that are brought up by the inspector. I would ASSUME they will BUT asking beforehand could not hurt.

[SD Realtor]

CDMA –

There are different classifications/terminologies used to define prepayment penalties.

A prepayment penalty implies a fixed period of time that you must keep a loan. You cannot refi, you cannot sell your home, you cannot do squat otherwise you pay a prepayment penalty. A “hard” prepayment penalty means you cannot sell the home without paying a penalty. A “soft” prepayment penalty implies you cannot refi the home without a prepayment penalty.

Just about all hybrid loans carry a soft prepayment penalty for a fixed number of years. Some of them even carry a hard prepayment penalty as well.

I am not a mortgage broker so I am sure many who are more well versed then I can comment.

Wrangler good for you on the purchase as well. My only concern is that the refinancing strategy part concerns me. Honestly covering that “base” is a VERY important thing and I feel that this may be a portion of the purchasing process that was not as well researched as could have been.

The physical inspection part is a very good idea. No reason not to do it. For a few hundred bucks it makes sense to do on an investment that is at least several hundred thousand. As I said, the important thing to check is that the builder will indeed remedy findings that are brought up by the inspector. I would ASSUME they will BUT asking beforehand could not hurt.

[SD Realtor]

CDMA –

There are different classifications/terminologies used to define prepayment penalties.

A prepayment penalty implies a fixed period of time that you must keep a loan. You cannot refi, you cannot sell your home, you cannot do squat otherwise you pay a prepayment penalty. A “hard” prepayment penalty means you cannot sell the home without paying a penalty. A “soft” prepayment penalty implies you cannot refi the home without a prepayment penalty.

Just about all hybrid loans carry a soft prepayment penalty for a fixed number of years. Some of them even carry a hard prepayment penalty as well.

I am not a mortgage broker so I am sure many who are more well versed then I can comment.

Wrangler good for you on the purchase as well. My only concern is that the refinancing strategy part concerns me. Honestly covering that “base” is a VERY important thing and I feel that this may be a portion of the purchasing process that was not as well researched as could have been.

The physical inspection part is a very good idea. No reason not to do it. For a few hundred bucks it makes sense to do on an investment that is at least several hundred thousand. As I said, the important thing to check is that the builder will indeed remedy findings that are brought up by the inspector. I would ASSUME they will BUT asking beforehand could not hurt.

[SD Realtor]

4plex, surveyor, flu – thanks for the posts.

fsd you were utterly useless…. heheheh… j/k…

Anyways ca-renter I did not check to see what sort of transfer was made between the parents and the children. However I may have not made it clear in the original post. Many years ago the parents downsized and purchased this home. When they did that they carried the new lower basis which was sweet. Then about 2.5 years ago the kids obtained the home, not sure how they obtained it.

Anyways good input guys.

SD Realtor

[SD Realtor]

4plex, surveyor, flu – thanks for the posts.

fsd you were utterly useless…. heheheh… j/k…

Anyways ca-renter I did not check to see what sort of transfer was made between the parents and the children. However I may have not made it clear in the original post. Many years ago the parents downsized and purchased this home. When they did that they carried the new lower basis which was sweet. Then about 2.5 years ago the kids obtained the home, not sure how they obtained it.

Anyways good input guys.

SD Realtor

[SD Realtor]

4plex, surveyor, flu – thanks for the posts.

fsd you were utterly useless…. heheheh… j/k…

Anyways ca-renter I did not check to see what sort of transfer was made between the parents and the children. However I may have not made it clear in the original post. Many years ago the parents downsized and purchased this home. When they did that they carried the new lower basis which was sweet. Then about 2.5 years ago the kids obtained the home, not sure how they obtained it.

Anyways good input guys.

SD Realtor

[SD Realtor]

4plex, surveyor, flu – thanks for the posts.

fsd you were utterly useless…. heheheh… j/k…

Anyways ca-renter I did not check to see what sort of transfer was made between the parents and the children. However I may have not made it clear in the original post. Many years ago the parents downsized and purchased this home. When they did that they carried the new lower basis which was sweet. Then about 2.5 years ago the kids obtained the home, not sure how they obtained it.

Anyways good input guys.

SD Realtor

[SD Realtor]

4plex, surveyor, flu – thanks for the posts.

fsd you were utterly useless…. heheheh… j/k…

Anyways ca-renter I did not check to see what sort of transfer was made between the parents and the children. However I may have not made it clear in the original post. Many years ago the parents downsized and purchased this home. When they did that they carried the new lower basis which was sweet. Then about 2.5 years ago the kids obtained the home, not sure how they obtained it.

Anyways good input guys.

SD Realtor

[Author]

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