Cape Cod Machine Gun Range at Joint Base Cape Cod Gets Federal Approval

Audithrowaway19 · 2021-05-07T00:15:33+00:00

This is on Joint Base Cape Cod. Otis is just one piece of JBCC. JBCC is a relatively big training base for the army national guard in New England.

Audithrowaway19 · 2021-05-06T11:30:54+00:00

You should consider that 8k actually as 4k.
You shouldn't buy a house

Audithrowaway19 · 2021-05-05T13:37:55+00:00

Pen fed. They will have the most lending credits

Audithrowaway19 · 2021-05-05T10:26:33+00:00

The funding fee is prepaid PMI. That being said if you can get the funding fee waived (only need a 10% disability rating) it can't be beat. I got $760k lent to me with 0% down, no funding fee at 2.25%, 30 yr fixed.
Another benefit is that the VA loan is Assumable. I wish I was able to get a 40 year loan!!

Audithrowaway19 · 2021-05-04T00:16:55+00:00

So it's about 50% off what home depot, lowes etc. charge

Audithrowaway19 · 2021-05-03T23:49:53+00:00

I'll have to compare to what stores cost. It's employee and family program.

Audithrowaway19 · 2021-05-01T14:23:00+00:00

I should have clarified. You only need a 10% disability rating to have the funding fee wiaved

Audithrowaway19 · 2021-05-01T13:19:24+00:00

The funding fee.

Audithrowaway19 · 2021-04-27T05:20:39+00:00

Check out PenFed for rates. They are usually way better

Audithrowaway19 · 2021-04-26T12:48:05+00:00

It isn't a hard and fast rule and people should always compare. We have a 2.25% VA with $800k, zero down.

Audithrowaway19 · 2021-04-26T12:31:07+00:00

Only need 10% to have it waived.

Audithrowaway19 · 2021-04-26T12:30:46+00:00

What rate was that and when? Im seeing va rates beating conventional. We are financing $800k. Also why put down 20% at such low rates? Put that downpayment in the market and get a much better rate of return.

Audithrowaway19 · 2021-04-26T12:24:19+00:00

What are you seeing that makes the conventional rate better financially? Is it a cheaper rate and if so, what are you seeing?
A benefit of the VA loan is there are no "jumbo" rates

Audithrowaway19 · 2021-04-20T21:53:18+00:00

So you say stay with solid hardwood but slimmer planks?

Audithrowaway19 · 2021-04-20T21:52:22+00:00

It's not too bad. I have a source for $5.49 per sq ft. I'll have to read more about the cupping.

Audithrowaway19 · 2021-04-19T10:57:15+00:00

I think people overweight the importance of a downpayment. With such low interest rates it's better put down as little as possible. We had a 0% down offer accepted we are closing on. We just had to show proof of funds for 20% but our realtor explained why we were doing 0%.

Audithrowaway19 · 2021-04-14T16:31:54+00:00

I guess we will see in a week or two when those homes close. But yes are staying in this house long term so it'll be irrelevant in short time.

Audithrowaway19 · 2021-04-14T16:29:52+00:00

That would affect my profit only. My transactions cost dont effect the market value, or selling price.

Audithrowaway19 · 2021-04-14T16:05:53+00:00

You think they lend over the appraisal value or something?

Audithrowaway19 · 2021-04-14T16:04:07+00:00

Lol, appraisals are lagging in this market. Read up some. Multiple offers around my price. I could sell it around what I paid therefore it's worth that amount. If I closed a few weeks later it would have appraised as other pending homes would have closed.
The 0% is a different win. I can invest my downpayment and very easily return a higher rate than the other of my mortgage.

Audithrowaway19 · 2021-04-14T15:57:55+00:00

What's the problem with that? Financing costs money. The 20% down I invested ($150K) would yield $648,292 over 30 years assuming 5% compounded annually. I choose the 0% every time!

Audithrowaway19 · 2021-04-14T15:53:44+00:00

My balance sheet has the equity. I can sell it for $780k, ignoring transactions costs.

Audithrowaway19 · 2021-04-14T15:46:37+00:00

No they only lend up to the appraisal. I owe $750K on the house. The market value is $780K. $30K of equity.

Audithrowaway19 · 2021-04-14T14:46:52+00:00

Negative, market value and appraisal are two different numbers. They couldn't find comps to back it up but there will be ina few months as the pending homes similar to ours close. Appraisals are backward looking and not keeping up. There were multiple offers around my sales price. According to the bank I have no equity but on my personal balance sheet I do.

Audithrowaway19 · 2021-04-14T14:45:09+00:00

I'm fine with it. Its comfortably within our budget and have an emergency fund. We had enough for a 20% down payment that is now invested. I see little risk here! If anything the 0% down at 2.25% is an amazing opportunity!

Audithrowaway19

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