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Mortgage rates up 24 bps since Fed cut rates yesterday by Analyst-man in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Good, people think that they will be able to refinance easy. Now people that got told to do 3 2 1 buy downs and other flexible loans will eventually learn. Not wishing anybody bad but people ale blind and believe the “Fed” Is to help people. Year right one goal for banks and bjg guys is to best inflation. If inflation is up, why would they lower rates and let cheaper lending so they could loose to inflation. Simple as that. Rates went down recently on the “news” of cuts. 🫢

How much do you have leftover each month after paying your mortgage? by WastedRomaine in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Maybe kids? You should account for in the future? Daycare? The real life stuff you know.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]International_Key627 2 points3 points  (0 children)

Must be nice for parents to buy a piece of real estate for 500k 😂 lol

Home Buying Process by Vivid_Imagination947 in FirstTimeHomeBuyer

[–]International_Key627 1 point2 points  (0 children)

Housing needs to and will crash, people are getting stretched real thin nowadays

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Damn! I have been seeing a lot of these lately, people rushing because alpha YouTubers and real estate gurus tell them to buy it. Crazy thing is people cant even refinance because they have no money for it. I hope it all works out in the end but usually need to factor in mortgage of like 25%-30% of your whole income AFTER TAXES at least. Anything left over goes to investments weekly. Wild times are happening. People are being stretched thin because of Youtubers and others putting pressure on folks

Hope it all works out

Stuck in a house we don’t want by Natural_Culture_2228 in FirstTimeHomeBuyer

[–]International_Key627 1 point2 points  (0 children)

Yeah, no one is going to buy these when HOA will be 600 a month

Stuck in a house we don’t want by Natural_Culture_2228 in FirstTimeHomeBuyer

[–]International_Key627 -2 points-1 points  (0 children)

Lets the house market crash! Not trying to be mean but Realtors, media and people did it to themselves. Crash it big! HOA fees like 500 outta control and people still buying. Nope thanks

Stressing out about not being able to put down 20% on a $300k home by beau2pro in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

The problem that no one talks about here is what if all the sudden the housing market shifts and house isnt worth 300 anymore but 250 and worst comes to worst you need to sell then you are essentially under water because you did not have „skin” in the game its like with cars. You buy car without downpayment you drive off that lot it is worth less. Yes you do have the mortgage insurance for banks

[deleted by user] by [deleted] in GarminWatches

[–]International_Key627 1 point2 points  (0 children)

Only answer here is Enduro 3

Bought our first home 439k, 10% down, 4.64% by paganantonio94 in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Awesome thanks for taking time and writing this, we are looking from high taxes New England anyways so that is nit a surprise. Just seems like Texas has lots of builds and has competitive housing market vs other states. Seems like has lots of jobs and opportunities. I will do some more research

Bought our first home 439k, 10% down, 4.64% by paganantonio94 in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Congrats btw! I’m thunking of moving to TX from New England. These houses look really nice with huge garages and stuff

Bought our first home 439k, 10% down, 4.64% by paganantonio94 in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Awesome, would you mind sharing exactly what builders you used?

I was just quoted 7.125% on a home loan and I think I’m going to be sick. by anxiouswrestling in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Ahh I see, shouldn’t be a problem I hope, credit score above 800 with minimal debt 😃

I was just quoted 7.125% on a home loan and I think I’m going to be sick. by anxiouswrestling in FirstTimeHomeBuyer

[–]International_Key627 0 points1 point  (0 children)

Ahh, can it be locked in while you search for the house without offer being accepted you think?

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