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Everything posted by 8ball

  1. I think these articles are a build up for universal income.
  2. I'm glad she's recovering. Scary situation.
  3. FHA is starting to make some changes on how the calculate student loans- Hot of the press…The Federal Housing Administration (FHA) has announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for creditworthy individuals with student loan debt. This is big news for your clients, this updated policy aligns FHA student loan debt calculation with the other agencies, helping to streamline and simplify for borrowers with student loan debt obligations. The upda
  4. Time. All the inquires will be gone in 2 years and mostly meaningless in 1 year.
  5. I remember my first card was a Phillip 66 gas card. My next was a JC Penney card and then an Amex card.
  6. In the appraisal work I do a lot of the Rehabbers use Lendinghome. I can't vouch for them but I see the name come up often. https://www.lendinghome.com/
  7. In the State of MN it also has to do with sewer lines and how they connect to the municipal line. Free standing homes have their own direct connection where Town Homes are usually built with a shared connection.
  8. You seem to be right on the cusp. You need a 620 fico mortgage score, or better, before the lenders will do a conventional loan. Each lender will calculate Debt to Income differently. I have had some ignore student loans in forbearance and others insist they have to be counted. You will need to talk with more than one loan originator to get a true feeling of where you stand.
  9. Back in the 80's I liked using Travelers checks when I went to Las Vegas. I could cash one or two per day and control my spending. I had more than one friend that blew all their money on the first day.😭
  10. I had my second Pfizer shot on Wed. morning. I woke up in the middle of the night with a sore arm. My arm is still sore today but only if I put pressure on it. All in all not to bad with no other reactions.
  11. I have a 2013 Honda CRV with 90,000 miles that is just getting broke in. There is a lot of good used vehicles out there that will get you years of use.
  12. It is quite common, for a variety of reasons, for only one spouse to be on the mortgage. Both spouses can be on the deed without both being on the mortgage.
  13. I would look at some of the smaller mortgage brokers. Everything you described- job change, deferred student loans, etc.. I have seen clients get loans under all those scenarios. Each mortgage company has their own underwriting standards and you need to keep trying until you find a match.
  14. Got my first dose of the Pfizer vaccine yesterday. It was a very smooth process through my HCP and they immediately scheduled the 2nd shot for 3 weeks out. So far no soreness or side effects.
  15. If the unemployment payments had been taxable you would really see some grumbling.
  16. People also ask Do manufactured homes qualify for USDA loans? USDA loans can even be used on manufactured and modular housing. ... The ability to use USDA loans for modular housing and manufactured properties further expands home buying opportunities for lower-income Americans, ensuring they have access – and a way to finance – affordable, safe and high-quality housing.
  17. That's great. I quit smoking 3 years ago and try to get 10000 steps per day in. I need to add some additional exercises in because the pants are getting a bit tight. 😱
  18. Here in the MN market pre-qual letters are the most common. A pre-approval letter is still only a snap shot of the day you applied. The buyer looked great until they lost their job, bought a new car, got divorced, etc..
  19. 3.5% is the current FHA down payment amount. Closing costs will be on top of the 3.5%
  20. Since I'm involved in the hybrid appraisals, I do the onsite work and then it gets sent to a licensed appraiser, I happen to think they work very well. I disagree that the waivers are hurting the database that appraisers use. The appraiser is just using the sold price of available comps. The sold price is still published in MLS and available to the appraiser.
  21. I can't direct you to a specific lender, I don't live in Florida, up here most banks have a 3% conventional product with no PMI for people with your credit scores. You might want to contact a mortgage broker who deals with several companies to compare rates.
  22. This happens more often then we like and it's hard to prove whether or not the "cash" offer actually exists. The Realtor code of ethics prohibits lying about offers but this doesn't stop bad actors. If this is for land the other offer might include some contingencies on zoning or utility hookups so the agent may leave the status as Active until the contingencies are removed.
  23. I don't believe your plan will work with USDA- http://usdaloan.org/can-use-usda-loan-buy-land/ You can do a lot with the USDA loan, which many people don’t realize. It’s a common myth to believe that you can only buy an existing home with this loan program. In reality, you can even buy land with it. However, you will need to have plans for that land. You will have to build a home on it pretty much right away in order to qualify for USDA financing.
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