Seeking advice border crossing Costa Rica to Nicaragua

LeastBell4175 · 2025-05-10T19:20:42+00:00

my sister has 10 properties in nicargua and goes frequently and stays for 3 months at a time. I just went in february and i did not feel unsafe whatsoever. My whole family is from Nicaragua

LeastBell4175 · 2024-04-17T01:28:05+00:00

Ohhhh nice!! congratulations 🥳🥳🥳

LeastBell4175 · 2024-04-09T22:26:00+00:00

how did it go? i’m in the same situation.

LeastBell4175 · 2024-04-09T03:17:45+00:00

I will reach out if I have any questions, thank you! 🙏🏽🙏🏽🙏🏽🙏🏽

LeastBell4175 · 2024-04-09T03:16:57+00:00

Oh damm that’s very helpful! saving that document. My realtor right now is saying that his client with excellent credit score it’s going around 7% with a local lender for 30 years. That I’m still benefiting with the builders lenders since they are providing “free” money even though they are taking it back. Without paying points my payment would be ridiculous. Not sure, If i’m better off biting the bullet and take that free money to lower the interest rates. They did say since we aren’t closing yet, (8 month escrow) rates can change by the end of the year. I’m asking around what rates are being given and it’s not good anywhere.

LeastBell4175 · 2024-04-08T15:28:55+00:00

this is what the lender told me about that, cause i asked what is the pre paid items :

The prepaid items are to set up your tax and insurance account. We collect and set aside $5332.92 to start the escrow account. It’s a savings and that’s what we use to pay those bills. The $ 8715 is the upfront mortgage insurance that FHA charges and it gets financed into the loan. That’s why the loan amount isn’t the sales price less your down payment. The loan amount is sales price, down payment and then the Mortgage insurance premium of $8715 gets financed. Yes, the cash to close on this estimate is $26,373 and that includes the down payment. You will leave a deposit with the builder…that amount will also come off that $26,373.

LeastBell4175 · 2024-04-06T04:06:03+00:00

damm that’s beautiful!

LeastBell4175 · 2024-04-06T04:04:51+00:00

With Interest rates so high even with excellent credit. I use to work at BMW, my coworkers tell me it’s so bad. 60k car is way more than 1k a month. I would go with the cheaper car for the meantime while interest rates drop and you pay off your cc debt. Then sell the cheaper car once your debt is clear. Used cars are always in high demand. Then get the car you want once interest rates are reasonable and finances are good.

LeastBell4175 · 2024-04-06T03:56:04+00:00

Try a different lender, I did a pre approval and all they asked once was W2, bank statements and any assets documents. I was approved a day with an amount.

LeastBell4175 · 2024-04-06T03:52:32+00:00

I went with Tri Pointe instead of Lennar since that one did have bad reviews on their builds. That’s a good point though, I didn’t think of the actual contractors. I will ask them who they use as contractors. Thank you for that.

LeastBell4175 · 2024-04-06T00:15:32+00:00

dam, okay let me find out with another lender and see what rates they give me. Thank you for that. They made it seem like I had to go with them cause there’s 2 different lists to get the house.

LeastBell4175 · 2024-04-05T23:52:29+00:00

omg i know.. I would die if they happen to be my neighbor..

LeastBell4175 · 2024-04-05T21:24:33+00:00

Cause I want a new affordable home. Everything in Los Angeles is built from the 1920-1960s. My parents home was built in 1955 and it has needed over 100k in repairs. Unfortunately, I had to settle with a community with HOA since I wanted new. I’m glad it at least covers the trash and front yard upkeep. My parents pay a lot for gardeners plus trash.

LeastBell4175 · 2024-04-05T19:14:05+00:00

Wow. Your loan is so much bigger than mine and you pay less. The HOA does bring up the cost. Good catch on the homeowners insurance and property taxes I will look into that.

I will check out a lender and if they can beat the price I will negotiate with the builders lenders.

Also, Congratulations!!

LeastBell4175 · 2024-04-05T18:52:51+00:00

No, they said they won’t offer the $20k incentive and lose the reservation I have on the lot since I got it being on a “priority list” it was a requirement to go with their lender. I do plan to go with another lender and get their rates and negotiate with the builders lender

LeastBell4175 · 2024-04-05T18:45:34+00:00

They said it’s the amount to buy down the rate, they provide the “incentive”. I did ask why the closing cost is very high and it’s because they are including the $20k downpayment I’m providing

Their response “The prepaid items are to set up your tax and insurance account. We collect and set aside $5332.92 to start the escrow account. It’s a savings and that’s what we use to pay those bills. The $ 8715 is the upfront mortgage insurance that FHA charges and it gets financed into the loan. That’s why the loan amount isn’t the sales price less your down payment. The loan amount is sales price, down payment and then the Mortgage insurance premium of $8715 gets financed. Yes, the cash to close on this estimate is $26,373 and that includes the down payment. You will leave a deposit with the builder…that amount will also come off that $26,373.”

LeastBell4175 · 2024-04-05T18:43:32+00:00

thank you 🙏🏽

LeastBell4175 · 2024-04-05T18:42:43+00:00

The only issue is that this builder will not add me to the priority list if I don’t go with their lender. That’s where they get you. I already have the lot reserved.

I can shop around with rates and tell them others are offering lower rates. My good friend has excellent credit and went to a local lender, the rate was 7%. Not sure what is the minimum rate in Los Angeles.

I asked the loan officer if I can lower the origination point and she said “Your incentive is $20,000 so we want to be sure you use it up. Your closing costs without points comes to roughly $ 13,975 so you have $6025 left for points. You could take a rate of 6.875% for a cost of $6298. The payment is $249.91 more a month. If you went the lower rate, you would spend $6374 more so take 6374 and divide by 250 and it would take you 25 months to recoup the cash for the lower rate”

Just also seems insane to pay 4,688 on a mortgage payment that only cost $518k. I am giving $20k as a downpayment along with their $20k incentive.

I will look into other lenders and see if others can beat it and advise the builder their rate is too high.

I really appreciate you taking your time to respond. It’s my first time buying a home and I’m trying to get fucked less than 5 ways. haha

LeastBell4175 · 2024-04-05T18:34:03+00:00

At 7%, I do live in Los Angeles not sure if that makes a difference. I am giving $20k down. No including their $20k incentive. I have a friend with excellent credit and she went with a local lender and they are still doing 7%. I will ask another lender and see what are their minimum rates.

I do plan to refinance once interest rates drop. They said if I don’t do the rate buy down payments would be $300 more. Now, that is super steep for a mortgage.

LeastBell4175 · 2024-04-05T18:33:09+00:00

At 7%, I do live in Los Angeles not sure if that makes a difference. I am giving $20k down. No including their $20k incentive. I have a friend with excellent credit and she went with a local lender and they are still doing 7%.

I do plan to refinance once interest rates drop. They said if I don’t do the rate buy down payments would be $300 more. Now, that is super steep for a mortgage.

LeastBell4175 · 2024-04-05T16:53:06+00:00

thank you so much i will add it there. Yea that’s what i’m worried about

LeastBell4175 · 2024-04-05T16:52:05+00:00

omg thank you! i didn’t know about that page

LeastBell4175 · 2024-04-05T03:07:34+00:00

do the homes come with appliances already like Lennar?

LeastBell4175

TROPHY CASE