WildCard

Needitnow, I don't understand. What do you mean when you say the rate is so high? The 6% rate? Thanks!

Thanks for all your replies. The advice on this board is so valuable, and appriciated. Thanks again, Tammy

I am not sure if that is correct, it may be a little high. Lets just hope this does not go up. The price just went to 187,500.00. (hubby added a boat shed) soooo, this means what I have already put down will cover the over extra 7,500.00, and now all I have to do is fork out the closing cost which are 8,132.00. Right? Thanks for your reply jaytee. Anyone else have any input? Thanks! Tam

This is for a 6% VA Loan 30 Years 184,450.00 in Louisiana, being built. Loan Origination Fee seller $ 1,844.50 Appraisal Fee 350.00 Tax Related Service Fee seller 79.00 Flood determination fee 11.00 Flood Zone Fee (life of loan) 2.50 IMC Document preparation fee seller 175.00 Underwriting fee seller 175.00 Insurance Tracking fee seller 7.00 MERS Reg. Fee Seller 3.95 Settlment or closing fee 600.00 Title Insurance 565.00 Recording Morgage fee seller 250.00 Items required by lender to be paid in advance Interest for 15 days @ $ 30.32 per day 454.81 don't know what that is Mortgage Insurance 3,689.00 Hazard Insurance Premium 1,800.00 Total Estimated funds needed to close Downpayment/refinance payoff 35.00 don't know what that is Est. Total closing cost includes discount pts. 4,097.95 Total Estimated prepaid items/reserves 6,533.81 less Est. costs paid by seller 2,534.45 Total needed to close 8,132.31 I put down 4% with the builder and 1,000.00 with the realtor. 9,350.00 total. Any advice on this situation. It looks bad to me.

Thanks Charles.

That is what I thought. I asked the broker if there was a problem, and he said no. They had to send my info. to another state and get u/w to do their stuff. I am frustrated. Does anyone know about Irwin Mortgage? I think they are a good company. I used them in the past.

That is what I thought. I asked the broker if there was a problem, and he said no. They had to send my info. to another state and get u/w to do their stuff. I am frustrated. Does anyone know about Irwin Mortgage? I think they are a good company. I used them in the past.

Thank you for the replies. I was hoping to receive my pre-qualification letter by now, but not as of yet. I have sent in all my information, and they have verified employment over the phone, a quick call to my office. I am going VA, and before I applied to them, I sent off for my VA certificate, got that back and sent them a copy with w-2's etc. They called me last week and wanted the original certificate, so I fedexed it to them. Still no letter of pre-approval. Does this normally take this long to get? I mean man this is going on 3 weeks now. Thanks

anyone?

You guy's are so smart! Thanks!

And is it a bad thing? Trans Union Suppressed an account on my credit report...I don't understand what that means. Thanks!

Woe, I just rehabed with Sally, They deleted the negative tradelines, but had me as late 9 times on my new loan. I am calling them this morning to find out what the deal is. Also, I had a score jump of about 50-60 points when they updated. It took about a month after my rehab was finished for them to update.

Do you think late payments to a mortgage company will fall off before 7 years? I tried the goodwill aproach and it was a no go. Any advise?

Thank your Kim!

I saw it on here once before but I cant find the link.