UNI4790

If she lists it on MLS, she would have to split her commission with another agent (Usually 3% to each). By offering to represent both seller and buyer, she can control the amount of commission on the deal and ultimately save you some money on fees, but she would also be getting 1% more and not really earning it. However, there are two things to consider: 1) By not listing on MLS, it will be more difficult and take longer to sell; and 2) By the agent representing the buyer and seller it can create a conflict of interest. After all, how is it possible to get you the highest price possible and get the buyer the lowest price possible at the same time? If it were me, I would research options with local real estate offices before committing to this agent's offer...

For example, say the purchase price is $300k, with $75k in renovations ($425k total) and the value after the renovations is $430k. Would the down payment be 3.5% of the $425k, which is $14,875? Or does it need to be $24,800 because the total of the loan can't go over $400,200 (for my county)?

The one DH is paying to his ex. It is written in the decree

Also, if the support will decrease 1/1/17 and end 1/1/18. How would they likely handle that?

Thank you!

I'm just crunching numbers before I apply for a mortgage again, and I have a question about support. My husband pays spousal support to his ex and I receive child support from mine. Which of these (if either) are used in figuring DTI, and what kind of documentation is needed for proof of such?

I was offered a "let us beat your auto loan rate or we'll give you $100", so I applied because I honestly didn't think they could do it. Well, to my surprise, they did. Now, my current lender is a small CU based about 60 miles away. They don't have any nearby shared/co-op branches, so the only way to make a payment is by snail mail. The new CU is right down the street and open until 7 pm most week nights. Super convenient, right? So here's where my question comes in. My original loan was opened in 11/2013 for $30,000 (+/- a few dollars) at 3.24% for 84 months. My payment is $384.86. The current loan would be $22,400 (+/- a few dollars) at 2.79% for 60 months. The payment would be $409something. If the remainder of my current loan term and the new loan term are about the same (+/- a month or two) and the interest rate for the new loan is lower, why is my payment $25/mo. higher? Am I missing something here? And, aside the payment difference - in your opinion, is it worth the hassle of refinancing for .5% for the convenience of having a local financial institution? Thanks in advance for your insight and expertise!

Nope, not true...

We have had the pleasure of working with Brian B the Loan Professor and I am beyond excited to say, he was able to get us a preapproval this afternoon! The next step is submitting our offer to the owners this Thursday! Fingers crossed they accept!

Spoke to a loan officer yesterday who confirmed that it is true, June 15th guidelines have been pushed back to September 14th. YAHOO!!!

I would think he would be entitled to half of the equity she accumulated while they were married though.

Found this while researching on the internet this morning. Looks like the changes scheduled to come into effect 6/15/15 have been extended to 9/14/15. IF I'm reading this correctly, this is GREAT news for those of us in IBRs or deferment who were hoping to purchase this summer! Here is a snippet and a link to the original document: "Q1: What is the effective date for the SF Handbook’s published sections? A1: The new effective date for implementation of the new and/or revised policies and processes contained within the published version of the SF Handbook was extended by FHA from June 15, 2015 to September 14, 2015. The following sections are effective on September 14, 2015:  Doing Business with FHA - Lenders and Mortgagees  Doing Business with FHA - Other Participants - Appraiser  Quality Control, Oversight and Compliance - Lenders and Mortgagees (Except for Section V.A.3.c.i – Origination and Underwriting Loan File Compliance Review – Minimum Requirements which is effective for case numbers assigned on or after September 14, 2015) All other sections of the SF Handbook are effective for case numbers assigned on or after September 14, 2015." http://portal.hud.gov/hudportal/documents/huddoc?id=SFH_HB_4000-1_FAQS.PDF

Bump! Any more info and/or experiences with this?

This is just an example. My VentureOne payment doubled and my husband's IHG card went up $10. The other cards were $2-$3 each. That definitely adds up, especially when you're watching DTI!

My only guess is that my March payments could have been lower because there were less days in February, so the billing cycle was shorter, therefore, accruing less interest. Could that be it?