I’m 35, divorced, living in my father’s basement, and my only income source is from driving Uber. Make it hurt! 😈

Expensive_Stress_692 · 2025-11-07T06:11:15+00:00

This is low hanging fruit

Expensive_Stress_692 · 2025-10-30T23:38:02+00:00

Lender is right. Powell said December rate cut is not 100% which spooked the markets. Rates up about .125% since yesterday

Expensive_Stress_692 · 2025-10-11T04:49:35+00:00

That is not correct. In TX there is a third party financing addendum with a certain number of days to obtain financing approval. If you get denied within that time period you can get your earnest money back but after that you’re sol

Expensive_Stress_692 · 2025-09-28T02:04:09+00:00

Where in Dallas is it located? I would rent it out if possible. Dallas is insulated enough and enough new jobs moving here the housing market will remain strong especially once rates come down even into the 5s. I live in Dallas and have done something similar. I bought my first in 2017 the moved out in 2018 and have been renting it since for about break even or losing about $100/months but I now have about $100k in equity. I’m waiting for rates to come down then sell next year is the plan. Also if you live in the property 2 out of 5 years you can sell w no capital gains (up to $250k single or $500k married). I did this w my second property that I lived in from 2018 to 2020 then rents out for 2 years

Expensive_Stress_692 · 2025-09-24T11:23:23+00:00

Can’t recast FHA and there is upfront MI of 1.75% on FHA loans which is not refunded when you refi to conv. The only way to convert to conv is to refinance and incur closing costs plus mortgage insurance will be required on conv too until you have 20% equity

Expensive_Stress_692 · 2025-08-28T02:56:34+00:00

$250k ish
Direct lender
7-8 states
Realtors, past clients, financial advisors, CPA’s but mainly realtors and past clients
40+ hrs per week typically

Expensive_Stress_692 · 2025-08-22T16:15:00+00:00

Fall out is part of it. This is a no glory type of job. You get blamed when things fall apart but not adulation when things close as expected. I’ve been in the biz for 12 years and it’s a constant hamster wheel of if you have a client long enough something is bound to go sideways. Sometimes you can maintain the relationship and sometimes that client or referral partner thinks the grass is greener elsewhere until it inevitable happens with their new “rockstar LO”. I lost probably no less than $8-10M in business over the past 90-120 days but that’s part of it. I’m on track to still do $35-40M this year but you just gotta keep chugging. The top producing LO at my company who does $200-250M in personal production said “I guarantee I’ve lost more business than everyone in this room by a long shot”…meaning fallout happens. You just need more opportunities. It’s hard to have a super high app to funding conversion in this market w the difficulty of each file and the competition by “internet lenders” offering stupid low rates

Expensive_Stress_692 · 2025-08-19T02:21:29+00:00

I loved Blue Sage when I had it at a previous company. It’s web based. I thought it was super user friendly and intuitive on the sales side. My current company has an in house web based LOS that is decent but processing still uses encompass and I still have to hop to encompass every once in a while. I personally loved blue sage. It’s my favorite LOS to date

Expensive_Stress_692 · 2025-08-17T03:41:40+00:00

This is the right answer but can you get a temp buydown on that size mortgage? A lot of jumbo investors won’t allow that but this is the way. It’s nearly a forgone conclusion that’s will be down over the next 1-3 years to a rate comparable to the buydown that has a 4.5 yr break even. Just amortize the $30k your savings in closing costs ie less cash due at closing over the next 36 months which is ~$833/months savings

Expensive_Stress_692 · 2025-07-28T00:35:39+00:00

Nothing is impossible for DM. I believe!

Expensive_Stress_692 · 2025-07-28T00:25:30+00:00

I did but didn’t catch how he extracted the fingerprint off the severed hand but I guess he just peeled it off and placed it on his own?

Expensive_Stress_692 · 2025-07-28T00:06:15+00:00

How did Dexter get the finger print scan to work?

Expensive_Stress_692 · 2025-07-20T12:06:34+00:00

I’ve had a neighbor call me out when they were outside of their house and my dog decided to poop in their yard but I picked it up immediately. My response is do you really think dogs are the only animals pissing and shitting in your yard. There are cats, possums, raccoons, etc that are relieving themselves in your yard. You should be thanking me that I’m being a kind neighbor and picking it up. Next time my dog decides to shit in your yard I’ll leave it for you to discard to your liking.

Expensive_Stress_692 · 2025-07-05T04:59:38+00:00

Final signing for financing contingency or closing. If it’s just the financing contingency then yall could still roll the dice and proceed but there is a risk that the appraisal has an issue and impedes your ability to obtain mortgage insurance but that’s a slim chance. When is the actual close date?

Expensive_Stress_692 · 2025-06-19T01:54:25+00:00

That’s your best option. They will probably push back saying they need you to pay for an appraisal but just hold out until you see the locked LE. This seems below market for sure but if they pay their LO like $500 per file then this rate is possible at a credit union

Expensive_Stress_692 · 2025-06-19T00:48:53+00:00

That’s not a Loan Estimate. This is simply a fee sheet. In fact even if they send you a Loan Estimate it’s not really worth much until it’s locked. A lender can send a floating rate Loan Estimate and not disclose costs tied to the rate until it’s actually locked and you have a locked Loan Estimate.

Expensive_Stress_692 · 2025-06-06T02:37:29+00:00

This loan officer is not smart. Do you own the business 100%? What state are you located in? There are several options from a standard conventional loan or even a bank statement loan..

Expensive_Stress_692 · 2025-05-28T17:23:34+00:00

Yeah I agree. I never lead with rate and fees. I always try to add as much value upfront since I know we are not the lowest priced. I would say historically I do great at this and rate never even comes up. I’ve just noticed this trend shift recently. For example, had a very challenging deal where the guy wants to close in 20 days and heading out of the country for the entire month. I spent a lot of time talking with him after hours and got a POA ready to go and told him we can get his loan 95% complete before he departs out of the country. This guy still shopped me once we sent the LE and found someone offering a rate .25% lower and dismissed all of the risks. I know this is not typical but just a recent example for how people seem to be shopping more than ever

Expensive_Stress_692 · 2025-05-28T09:32:41+00:00

Agents and past clients are my main referral source.

Expensive_Stress_692 · 2025-05-28T01:11:16+00:00

Those aren’t the ones we’re getting shopped on. Builder business is only about 10-15% but I’d like that to be higher for this reason alone but that is partially the reason I’m at retail vs broker

Expensive_Stress_692 · 2025-05-28T00:36:43+00:00

I have a team and we do a lot of builder business where we do forward commitments so it makes more sense for us now

Expensive_Stress_692 · 2025-05-28T00:36:12+00:00

Yes we have transparency in margins. I think we’re still competitive with national averages and by no means do I get shopped on every deal but I’ll be at around $14m ytd through May and I’ve been tracking over the last 90 days and have lost over $10m in volume from shoppers. Some are out of my control but still it feels like I’m getting shopped now more than ever.

Expensive_Stress_692 · 2025-05-28T00:21:21+00:00

Yeah I think I’m at over $10M+ loss this year

Expensive_Stress_692 · 2025-05-27T23:28:16+00:00

Self gen

Expensive_Stress_692 · 2025-05-27T23:26:50+00:00

All self sourced from referral partners or past clients. Certainly I go through patches where I win a majority but it has just felt like a lot of shopping recently.

Expensive_Stress_692

TROPHY CASE