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dionx

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  1. still holding strong: $50K Blue Cash (daily spender) $15K Blue $10K Blue Sky
  2. nothing has happened to my CL. *knock on wood*
  3. mine still reports as Visa Platinum. I'm not looking forward to Signature status, as I already have the Chase Freedom and Charles Schwab Invest First as Signature cards.
  4. I'm in escrow right now. This Tuesday, I'm having the home inspected, and on Wednesday, I'm meeting with my loan agent. Two questions: 1) What can I expect next? 2) What are legitimate reasons I can pull my offer without losing my earnest money? I'm in California if that makes a difference. Thanks.
  5. dionx

    short sale

    that doesn't sound like a short sale if you had to pay the difference from sale price and loan amount. it's called a short sale because someone gets shorted, which in most cases is the bank, because the difference is just forgiven. in some states, people would owe taxes on the difference because the bank just gave that different to them for nothing.
  6. I know the typical compensation to a buyer's agent is 3%. Is there typically a flat fee with that percentage too? For example "3% of the acquisition price AND $500 transaction fee". And is the fee paid from the seller or out-of-pocket from the buyer? Thanks in advance.
  7. She said this was assuming seller paid no closing costs, etc. This was quoted today. FHA Interest Rate: 6% Term: 30 years Sales Price $250,000 Base Loan Amount $242,500 803 Appraisal Fee $350 804 Credit Report $9.75 809 Tax Servicing Fee $75 810 Processing Fee $475 814 Commitment Fee $425 815 LOL Flood Determination Fee $7 1101 Settlement or Closing Fee $500 1105 Documentation Preparation Fee $100 1108 Title Insurance Fee $679 1109 Sub Escrow Fee $100 1110 Email Fee $75 1111 Courier/Overnight Fee $55 1112 Reconveyance Fee $50 1113 Signing Fee $165 1114 Title Endorsement Fee $120 1201 Recording Fee $120 1303 MERS Transfer Fee $4.95 1305 Title Wire Fee $45 901 Prepaid Interest 15 days @ 40.4167 $606.25 1002 Mortgage Ins 2 months @ 101.04 $202.08 1004 Property Tax 6 months @ 250 $1500 Principal & Interest $1453.91 Real Estate Taxes $250 Mortgage Insurance $101.04 HOA Dues $200 TOTAL MONTHLY $2004.95 Total Borrower Paid Closing Costs $5589.03 Total Seller Paid CC $75 TOTAL CLOSING COSTS $5664.03 Purchase Price/Payoff $250,000 Total Estimated Closing Costs $3355.70 Total Estimated Reserve/Prepaid Costs $2308.33 TOTAL COSTS $255,644.04 Loan Amount $242,500 Total Non-Borrower Paid Closing Costs $75 CASH FROM BORROWER $13,089.03
  8. when I checked my Experian report/score in March, FICO was 754. at that time, my utilization may have been slightly high ($6,000 used on $26k credit card or $11,000 on overall $190K credit limit), but since then it has been paid off since the 0% APR ended and I just paid it off instead of transferring. according to myfico analysis, I needed 760 for the best rate. You should be fine. Are you able to put anything down on a property? If so, about what percentage? dionx What does your employment history look like and what do you have in the way of reserves? fla-tan employed since January 04 for same company, started working full-time since June 03. since 2005, had a per-diem job (shown on W2) but is not consistent (work for months at time, then have a break for months). The $300K pre-qual was based on $10k cash deposit, though based on a snapshot now, it is around $15k. I've got $46k in stocks, mutual funds, and company stock options, and another $30k in 401k and Roth IRA. I'm willing to use the $46k towards the deposit, but won't touch the retirement accounts.
  9. when I checked my Experian report/score in March, FICO was 754. at that time, my utilization may have been slightly high ($6,000 used on $26k credit card or $11,000 on overall $190K credit limit), but since then it has been paid off since the 0% APR ended and I just paid it off instead of transferring. according to myfico analysis, I needed 760 for the best rate.
  10. well I can't get approved until I have a property in mind to buy. approval means I've found the property, appraisal is good, and the lender agrees to everything. pre-approval is better than pre-qualification at least
  11. I just got pre-qualified for $300k today. A credit check has already been performed. Tomorrow or early next week, I'll be turning in all my financial documents (statements, W2, tax returns, etc) to get pre-approval. I'll also be going over my options with the mortgage consultant. When do I actually go "shopping" for a loan when I can have a credit check run several times in a 2 week period, and it counts as one? Is it during this pre-approval process or is it for the actual loan approval? I want to compare the options of the mortgage consultant to what Navy Federal has to offer. Since I have my financial documents in order right now, do I just make a photocopy of everything and ask Navy Federal what I can get approved for? Thanks in advance.
  12. Try Mint.com. Good for tracking credit cards and savings accounts. For something more thorough that includes retirement accounts, investment accounts, billing accounts, and more, try Yodlee Moneycenter. Both are FREE!
  13. I've got 5 Citi Ultimate - funds my checking account; liquid savings Citi e-Savings - accepts my direct deposits, automatically transfers to Citi Ultimate EmigrantDirect - house deposit fund ING Direct - emergency fund NFCU - backup emergency fund if I'm on my last $200
  14. I rank the Blue/Clear cards as followed (from best to worst) Blue Cash (up to 5% cash back) Blue Sky (1.33% rebate for travel) Clear (1% Amex gift card) Blue (0.5% point/dollar value) The only reason I keep my traditional Blue card is because it has a fixed APR at 7.99%. I PIF, but that will be handy as an emergency.
  15. I had three before but now I've got two: Amazon.com Visa Freedom Visa The third one I had was the SonyCard Visa. Took advantage of the $100 statement credit, then 0% APR for 12 months, then exhausted all Sony points for statement credit. Since I don't buy Sony products often, it was in my best interest to concentrate purchases on other and better rewards cards that would get regular usage. So I consolidated the entire CL to another Chase card and closed the Sony card.

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