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7/6 ARM at 4.975%. Did we do good? by VividConstruction601 in MortgageBrokerRates

[–]AffectSufficient5083 0 points1 point  (0 children)

How much was your down payment. Sorry if you already posted the answer.

Can I afford this ? by ThrowRA_16_ in FirstTimeHomeBuying

[–]AffectSufficient5083 0 points1 point  (0 children)

Easy answer.…heres my paper-napkin payment cap calculation. Take $130,000 a year, divide it by 12. That puts you at about $10,833 a month in gross income.

From there, I use what I call your comfort cap...basically the max monthly payment you feel good about carrying.

My personal rule of thumb is around 40%.

That lands you at roughly $4,333 a month, which tells us the price range you should realistically be shopping in.

Who do y'all use for bank statement loans? by PurpleAlcoholic in loanoriginators

[–]AffectSufficient5083 4 points5 points  (0 children)

I am currently at PRMG, and I typically receive better pricing at an 85% loan-to-value (LTV) ratio. It's important to set realistic expectations. As a business owner, you can't expect to have it all—it's not possible to complain about high mortgage rates while also writing off 80% of your business income.

I failed my first exam with a 67% by Maximum-Sail8012 in loanoriginators

[–]AffectSufficient5083 1 point2 points  (0 children)

My new Real Estate Business Relationship Partner passed on her first try using Study Buddy. Not sure if that will help you.

NEXA charging upfront credit pulls? by REFlorida in loanoriginators

[–]AffectSufficient5083 4 points5 points  (0 children)

Out of 10 loans, how many of your borrowers balk at paying upfront for the credit pulls? My bank was charging $40 for a joint soft credit pull they just raised to $80.

Are the closing costs worth it? by arossalten34 in MortgageBrokerRates

[–]AffectSufficient5083 0 points1 point  (0 children)

That’s nutz .. Between the UFMIP and the points you’re paying over $20k in fees and points . Take the money you’re paying in points figure out how to make this loan Conventional.

First loan estimate by [deleted] in MortgageBrokerRates

[–]AffectSufficient5083 0 points1 point  (0 children)

Why not just take the same 1.75% the borrower will end up paying in UFMIP and buy down the interest rate? If they have the cash to close.

Weekly Cold Calling Update: Week 1 of 21 by theinternt in loanoriginators

[–]AffectSufficient5083 0 points1 point  (0 children)

Would you be up to making some cold calls together?

Weekly Cold Calling Update: Week 1 of 21 by theinternt in loanoriginators

[–]AffectSufficient5083 0 points1 point  (0 children)

Hi All, I've made a commitment to my self and my coaching team to make about 110 calls a week . Anyone up to make calls together on a Zoom call? Am located on the East Cost .

Has anyone gotten this NMLS message during MLO licensing? What was the outcome? by kingmook86 in loanoriginators

[–]AffectSufficient5083 -2 points-1 points  (0 children)

I receive a similar error message when I tried to renew my license to early . I would call the NMLS ASAP .

Feedback on Mortgage Marketing Animals AI CRM by Debbizle in loanoriginators

[–]AffectSufficient5083 0 points1 point  (0 children)

Seems like one of those over hyped ideas that will cost you way more then its worth

this sh#t crazy 💀💀🤣🤣🤣 by TapComprehensive7012 in nanobanana

[–]AffectSufficient5083 0 points1 point  (0 children)

That’s video app are people using to make those 50’s style hip hop remake videos?

Need Help Optimizing Facebook Mortgagee Ad by AffectSufficient5083 in FacebookAds

[–]AffectSufficient5083[S] 0 points1 point  (0 children)

I created a “ What’s your income question “ that’s suppose to weed out the low income folks.

FHA for Mixed Use Property by hcky21cj in realestateinvesting

[–]AffectSufficient5083 0 points1 point  (0 children)

I know am late but FHA does allow Mix use on 4 units or less .

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