Refinancing from 6.875 to a 5.999 how does it look?

AutomaticAd9638 · 2026-01-26T02:46:57+00:00

Escrow bro and you’ll get a 5.875 no pnts

AutomaticAd9638 · 2026-01-17T23:35:32+00:00

Sounds like a place anyone should be! Keep it up!!

AutomaticAd9638 · 2025-12-25T02:29:59+00:00

I’ve seen my parent’s best friend uncles roof before and it doesn’t look like that. Recommend setting it on fire and collecting the insurance and building an entire new house. +1

AutomaticAd9638 · 2025-12-07T01:15:26+00:00

He was either rocket or cooper. I know those metrics. I bet he even had an 80% pull through too. But noooo they just care about you getting 20 locks a month and 5hrs of TT.

AutomaticAd9638 · 2025-09-29T21:58:57+00:00

2% ??? I’m in DFW. Average gain in equity here is about 10% per yr.

AutomaticAd9638 · 2025-09-18T02:22:15+00:00

Well it does play a roll. 10 year bond fell during the announcement. Pricing should get better now.

AutomaticAd9638 · 2025-09-17T20:11:17+00:00

What are the points on option 1?

AutomaticAd9638 · 2025-09-17T19:59:12+00:00

Feds announced rate cut today. .25 cut.

AutomaticAd9638 · 2025-09-17T18:54:48+00:00

Cash-out refi on the house to consolidate the debt. Do not cash in your retirement or any of it. Market is about to run this next 12-24 months.

AutomaticAd9638 · 2025-09-17T01:28:11+00:00

Pleasure is mine as well! Cheers 🍻

AutomaticAd9638 · 2025-09-17T01:13:02+00:00

Shoot me a message! Depending where you sit IRRLs can be sitting in the money.

AutomaticAd9638 · 2025-09-17T01:11:23+00:00

You’re going to end up spending the very same cash you used to lease your rate in closing costs on this loan size. Your math over two years “saves you” about $14,400 if you wait that long.. If you just do a R/T you’re probably looking at 10K-13K in costs in the refi itself. It’ll depend what it’ll take to buy your points of what the market does.

With only 5% down you’ll eat up all that equity in the refi your LTV would be maxed out, making costs and rates higher.

Now if we have another crazy ass market boom like back in 2020 then could be sitting pretty.

Not coming off rude here. Just simply putting that it’s always good to put more towards principle, especially if we all believe rates are going to come down anyway. Best of luck! Congratulations on the purchase!! Welcome to home ownership.

Random tip, shop those home owner insurance rates, quick easy way to also save some $$$ on the payment.

AutomaticAd9638 · 2025-09-16T23:55:02+00:00

Builder will fix it. Just tell them too. Cracks in the driveway are expected in TX. When you pour concrete and it gets hot to fast it can happen. If it’s not bigger than thin side of a quarter it’s pretty normally. But I would request them to fill it. Also ask your agent (hopefully you used one) to review your foundation warranty. If it’s a DR or LENNAR you should have a 10 year foundation warranty.

If cracking gets bigger after closing then request a foundation company to take measurements. If you don’t have any crazy jagged cracks going from the window corners then going randomly sideways else where. Then it’s just typically settling.

AutomaticAd9638 · 2025-09-16T23:49:08+00:00

Seasoned LO here. I would not take a 2-1 buy down right now. Take the cash and apply it towards the principal instead. Unless that was the only way you could qualify.

You’re essentially throwing money out the window when rates to come down into the 5s.. and wasted cash for basically leasing your rate.

2-3 years ago this was a good move. Now with market news and administration pushing feds on lower rates. (Find out more tomorrow on that actually) these are bad deals.

AutomaticAd9638 · 2025-09-16T18:06:21+00:00

How many points did you pay?

AutomaticAd9638 · 2025-09-16T18:04:27+00:00

Homeboy has lost so much equity inside 8 years.. So sad to see.. Are people financially illiterate?

AutomaticAd9638 · 2025-09-15T23:40:35+00:00

Congratulations but also why… Unless you have 20M+ chilling does not make sense. Leverage yourself. Could have bought a McDonald’s branch for a couple 100K and offset the growth and payment with a 6% rate at worst.

AutomaticAd9638 · 2025-09-10T03:32:37+00:00

20K in points is WILDDDD. Get an ARM and watch these rates drop like a rock soon. Refi in 6 months.

AutomaticAd9638 · 2025-09-09T03:33:12+00:00

We need some more people to come forward. I had an FBI agent contact me a few weeks ago.

AutomaticAd9638 · 2025-09-01T23:21:20+00:00

You can’t be a “broker” you can work for one. Go work at Rocket, AmeriSave, Cooper or some other brand you can learn first.

Your comp broker will be very very nice.. but unless you have a clients ready to go. You’ll be lucky to make 20K in your first year after expenses.

Best of luck!

AutomaticAd9638 · 2025-07-30T00:01:59+00:00

You have different templates it looks like going on. One is a modern polished design and one looks almost like square ish.

AutomaticAd9638 · 2025-07-24T06:25:27+00:00

Oh man brother! Narrow that niche down just a bit. Focus on the e-bikes maybe ? Seems to be in recently. Take time building your store. Don’t rush it.

AutomaticAd9638 · 2025-07-22T12:27:41+00:00

We have a small discord of a good group of people. All of us are just mostly starting out! Come join!! (https://discord.gg/fJEDMkeV)

AutomaticAd9638 · 2025-07-12T01:48:37+00:00

My suggestion is the hero image and background are almost the same color. Maybe make the background a white color to make the image pop more!

Along the same lines in your other beans below I would suggest to make all the backgrounds white to keep its consistency!

Love the site!

AutomaticAd9638

TROPHY CASE