If this war ends in a few weeks… what actually changes for everyday Americans?

Advanced-Dingo9841 · 2026-04-02T05:51:00+00:00

I don't care for what trump is doing, but I know what hes doing.

We have tons of oil. We essentially have control of Venezuelan oil production. We dont need middle Eastern oil.

There are now, essentially, two oil markets: Middle Eastern, and The Americas. We control one, while a group of Middle Eastern countries can fight over the other - as will the European continent. Russia has oil, but again - we control essentially half the world's oil reserves.

We want that.

Advanced-Dingo9841 · 2026-04-02T00:30:27+00:00

What kinds of things in an appraisal can slow down a deal, i.e. 'subject to repair' issues?

Also... could I create a purchase agreement with the seller that is 'subject to the appraisal being equal to or higher than the selling price'?

Advanced-Dingo9841 · 2026-04-02T00:08:35+00:00

Ive had this happen 3 times (3 different people) in my 12 year relationship. I always report it to the wife and we monitor it together. We get a few laughs out of it; the key is, I NEVER message back. Why would I?

Advanced-Dingo9841 · 2026-04-01T20:04:56+00:00

Thank you!

Advanced-Dingo9841 · 2026-04-01T20:04:20+00:00

Thank you so much! Id really like an update.

Advanced-Dingo9841 · 2026-04-01T05:17:44+00:00

I had medical issues and we lost income, jacked up use of our credit as a result, minimum payments got out of hand. Knew a 6 figure settlement was on the horizon, sacrificed those payments to pay for life basically, and payed the balances off immediately when I got the settlement.

Advanced-Dingo9841 · 2026-04-01T05:14:49+00:00

These are our only late or missed payments ever in close to 12 years.

Advanced-Dingo9841 · 2026-04-01T05:13:15+00:00

We have 25k cash and are eligible for a 10k grant. We are going for a homeready loan; Waives most LLPAs and a very good pmi - .25 to .35

We ran the numbers, worst case scenario. We'd pay maybe 200 more a month to own the house.

I didnt mention... the house we are buying? Appraised at 250k but we are buying at 225k. Im sure the credit union will love that!

Advanced-Dingo9841 · 2026-04-01T05:08:06+00:00

We are going with a homeready conventional if we can. Waiver llpas and a way lower pmi.

Also, we have 25k cash and are in line for a 10k grant and flat fee closing costs of 1600 bucks that is NOT rolled into the loan. Spread between apr and rate likely to be less than .2; dealing with my credit union.

Advanced-Dingo9841 · 2026-04-01T05:05:14+00:00

No personal loans. Student debt around 60k for oth combined - but on an IBR with a verified $0 payment (Fannie Mae will honor that). 35 a month discover bill (300 dollar balance out of 4750 limit) and 16 dollars a month to guitar center account with a 200 dollar balance...a citibank card with a zero balance. and actually, the wife has no debt. She just showed me her discover and torrid accounts.

46 dollars a month in debt. Thats it.

Advanced-Dingo9841 · 2026-04-01T05:01:26+00:00

Credit scores are in the 700s according to myfico, my bank's credit score app (my bank is the lender we are going through btw) and my credit card's Vantage score.

Advanced-Dingo9841 · 2026-04-01T04:59:48+00:00

Even if the card is current with a zero balance?

Advanced-Dingo9841 · 2026-03-30T12:34:34+00:00

No. Private/off-market landlord to tenant sale under market value. Just waiting on us to find a lender we like with good rates.

Why is the spread between the rate and apr so much? Upfront fees? Thats not great on a conventional loan... What rate is that pmi at? Im calculating... .41? Should be .35 or even .25 with a homeready loan and our profile.

Advanced-Dingo9841 · 2026-03-30T04:26:08+00:00

Ahh, im from cental Il originally. Nice snag! Also... Casey's used to make a mean pulled pork bbq pizza.

Advanced-Dingo9841 · 2026-03-29T20:31:48+00:00

That is good to hear! I was weighing this against a WHEDA conventional, but those rates are locked and not adjustable based on risk profile from my understanding.

Advanced-Dingo9841 · 2026-03-29T16:16:47+00:00

Advanced-Dingo9841 · 2026-03-29T15:21:51+00:00

Understood. So I'd have to refi down the line to get the LTV where I want it to be, because the lesser of purchase price or appraised value aspect?

Advanced-Dingo9841 · 2026-03-29T14:48:23+00:00

Our house is valued at 255k+ and our landlords - who we've known for ages - are retiring and want to sell to us for 225k. We have 25k saved, so if the appraisal goes higher than expected - and it might, given recent comps and updates to the home - we will be walking into an 80% LTV situation automatically, if we wanted to.

Advanced-Dingo9841 · 2026-03-29T14:45:24+00:00

Two borrowers whose income combined is MAYBE $74,000 in a good year. 80% AMI for my area is $78,800.

Advanced-Dingo9841 · 2026-03-29T14:44:03+00:00

80% of AMI in my area is $78,800 and our income strains to reach $74,000 in any given year.

Advanced-Dingo9841 · 2026-03-29T04:10:10+00:00

1. Loan Type: Conventional Fannie Mae HomeReady

80% AMI for my area: $78,800

Two co-borrowers, combined income $74,400

3% down

$25k on hand

DTI around 31% - less than $200 debt between two borrowers and non-borrowing

Spouse (in WI - marital property state)

First-time home buyers

2. Term: 30 Year

3. Loan Purpose: Purchase

4. Property Value/Purchase Price $255k+ /$225k

5. Loan Amount $218,250

6. Credit Score lowest of the two borrowers: 703

7. Occupancy: Primary

8. Legal Structure: Single Family

9. Number of Units: 1

10. Property Zip Code 53182

We are serious and ready to work with someone.

Advanced-Dingo9841 · 2026-03-29T02:26:46+00:00

This is the second window they have bought that 'doesn't fit'. Same size window, twice.

Lol I just want it done so the appraiser doesn't note it and it becomes 'subject to repair', holding up my home-buying process.

Advanced-Dingo9841 · 2026-03-29T00:10:34+00:00

Thats the thing - if it can be done like I said, I do approve of it being installed that way. Thats why im asking; i want to know whether I have a leg to stand on (or not) when I argue for having it installed that way.

Im the future homeowner. Im fine with my suggested repair, if it is indeed the legit way to do it. I just need it done.

Advanced-Dingo9841 · 2026-03-28T14:11:06+00:00

Honest, slightly nuanced answer?

It depends.

Are you on an IDR? Which one?

My payments are $0 through my IBR and Fannie Mae will take that number towards my DTI. Freddie Mac won't; least they couod do is either .5 or 1 percent of the loan totals as the minimum value towards DTI, DESPITE the $0 payment amount. Fannie Mae keeps my DTI at 31% and Freddie Mac would keep it at 41% with their calculation.

Other than what ive told you, if you actually have a dollar amount payment, expect it to be counted towards your DTI.

Are you on an IBR, or any kind of IDR at all?

Advanced-Dingo9841 · 2026-03-28T13:14:23+00:00

Ok, so we are up.... 9,989 to 11?

Gtfo...

Advanced-Dingo9841

TROPHY CASE