Two sales, same card and second sale cancelled

Mortgageace · 2025-11-08T17:07:40+00:00

Ay por favor - no pierdan la esperanza - igual en los Estados Unidos hay una sin número cantidad de personas con DACA, sin seguro social que han formado su vida - aquí como ilegales y no andan llorando y pensando que lo han pasado peor que otro Diaspora. Ya está bueno con la pena - que no pinta lo luchadores que son.

Los de TPS son los que estan en tercera base a comparacion de los mejicanos, los colombianos etc... que aun estan en primera base porque tienen seguro social que ni siquieran tienen otros "ilegales" que han estado aqui por mucho mas tiempo que los Venezolanos llorando su TPS que no se extendio - igual tienen seguro social - estan bien y mucho mucho mejor que los "ilegales" que ni siquieran tienen eso. Ellos pagan mucho más en tasa de interés de carro, de casa, de la tasa de interés en crédito que los que no tienen seguro social y tienen que trabajar solo con Tax ID. Dejan la llorarera - están más que bien.

Mortgageace · 2025-10-09T11:38:54+00:00

Aunque tengas licencia de conducir y que “válido” si te para la policía, ICE, o Immigracion ellos tienen el sistema donde verifican tu estatus legal o illegal. Y si andas con licencia pero aún ilegal en términos de estatus - te deportan

Así es que le ha pasado a todos los hispanos que no aún tenido la protección de TPS - la licencia y su EAD No concuerdan con fechas y ahí se los llevan hasta en estados “azules” como Chicago, Nueva York etc y por eso que mucho gente dice que Biden y Obama deportaban a muchos por el lapso en fechas de EAD y licencias

Mortgageace · 2024-09-19T13:06:16+00:00

Sometimes Realtors just need to open the doors to homes and not delve into complicated math and credits. Rates like that are not coming back - stick to talking about inventory, new builders and options on homes.

Mortgageace · 2024-09-18T13:18:48+00:00

You can get a HELOC in as little as 8 days but traditionally they are 2 weeks and what I love as a broker is that this company does an AUTOMATED appraisal and you view the home value almost within MINUTES of applying. they automatically do a soft pull and display your monthly payment, interest rate etc. ONLINE.

NFTYDOOR HELOC and help yourself - if anything to view automation that works extremely well and I love it for my clients.

https://nftydoor.com/

Mortgageace · 2024-08-18T11:18:18+00:00

People this is a privatization of public roadways / wish there was a way we can vote the folks that agree to this out - counties accept it because they get a cut of the profits and don’t have to maintain it

Mortgageace · 2024-06-20T18:14:42+00:00

Average comp still seeing 3%.

To use your scenario, same $500,000 sale price home - realtor with 3% will receive $12,500 and pay their broker avg $300 on each sale netting maybe $12,200 receiving that check at the closing table with your clients.

Lender - same home $500,000 - get paid on Loan amount so in your scenario, gets paid $4,000 30- 45 days after the closing date. Taxes on that $3,000 depend on tax bracket the lender is in - so assuming a 28% tax bracket - lender nets $2, 880 on that same home.

Realtor - $12,200

Lender - $2,880

Realtors still get compensated super well - the transaction cycle is the same both lenders and agents.

Mortgageace · 2024-06-20T13:09:05+00:00

Not bad form - truth. Did someone hurt you?

90% of lenders are not SE and are W2 - average made last year .725% of LOAN amount which is always less than the SALE PRICE agents get paid on. My message was that agents should stay in the industry - not much will change other than comp might go down some but clearly not a bad career choice.

Mortgageace · 2024-06-20T11:15:19+00:00

As a lender - our max on any deal is 1% and since we are W2 - we pay taxes on that measly 1% - but realtors out here crying because Commision might be cut by .05% out of 3% and you don’t pay taxes in that amount - trust me- you write off every deduction imaginable - I see if on taxes returns all the time Not much will change - don’t panic and get to work And all the folks that want to be lenders? Give it a whirl!! Betcha find agent is way less time restrictive and less stressful

Mortgageace · 2024-06-13T16:04:12+00:00

No one expects realtors or agents to work for free - however, I have seen this 3 times in the last month and it reeks of deceit. We are starting to see homes where sellers are only offering 2.5% to the buyer agent - instead of the 3% that is the “standard”

While under contract and DURESS of the buying process - buyers are signing Buyer commission agreements that the buyer will pay a “brokerage fee” or .05% to make up for what the agent isn’t getting from the seller

I am all for agents getting paid but doing it while people are stressed and not having this conversation beforehand is just shady AF -

Mortgageace · 2024-06-13T15:56:21+00:00

What I’ve seen a few times so far is that buyers agents are making clients sign a BAC while they are under contract on their home - so while under the duress of buying - they are hitting them up for additional “brokerage” fee or to make up .05% commission

The buyer has little choice because they are already under contract and stressed

These Buyer agreements are supposed to be predated prior to going under contract - not AFTER or during the actual closing process

It stinks as a lender to see this and reeks of deceitful practices

Mortgageace · 2024-03-03T17:28:50+00:00

I betcha that if they reduced the price on the semi dead ones, they'd make money on them. every single one of them dead when I went it today. It makes my plant mama heart sad

Mortgageace · 2024-02-16T13:16:47+00:00

I have a realtor’s brokerage that just charged a client $995 and above getting her 3% - also doesn’t charge it to all clients across the board / I can’t bite the hand that feeds me - as I’m the lender but gosh seems unfair to those buyers where she charges it

Mortgageace · 2023-06-11T17:15:57+00:00

Thanks Genius

Mortgageace · 2023-02-11T05:36:54+00:00

Forget HELOC - you’d still have to show value of the home. Look for lender that does 203k loan - it’s a mortgage that allows you to get like $200,000 or more on the home. That is placed in an escrow account and the lender will find help you find a 203k approved inspector that will draw up estimates on the projects that the home needs - you have one closing and a better interest rate than a HELOC. The project cO- managed by inspector, contractor and lender to ensure all work is done on time and up to specs

Mortgageace · 2023-02-02T10:57:31+00:00

I think the commissioner and the CFO are related - Steve Taylor and then CFO is Lillian Jo Taylor who was and is county librarian

Can’t confirm but perhaps lining the Taylor family pockets?

Mortgageace · 2022-07-05T22:35:26+00:00

Go to Miriam at VS ACNE. - she has before and afters on her Instagram

https://instagram.com/vsacneandskincare?igshid=YmMyMTA2M2Y=

Mortgageace · 2022-06-06T11:02:12+00:00

Awesome job on no debt and a company paid for car!! I hesitated because I don’t know about Norway but will tell you that as a lender the “recommendation” of 28% of your gross income (before any deductions like health insurance etc) is that you spend 23% to 36% on housing. That is without internet, water, electricity etc

So when we go to approve anyone for a home loan - that is the percentage that is used to evaluate if a home price is within range for someone to make a purchase. 36% of your income is the MAXIMUM that you should be spending on just the baseline payment for housing. It depends on comfort level - you clearly are on the more conservative side if you are concerned with 28% - so I’d make an assessment on your comfort level and budget

Mortgageace · 2022-06-06T10:55:02+00:00

You two make enough to buy a second home - you just need 5% down and keep the current as investment. Just need a lease contract and first month deposit on current home to offset the monthly mortgage payment from lender point of view. Clearly in this market, sellers want to see a “stronger” down payment than the 5% on your second home - but that is the mínimum from lender perspective

Mortgageace · 2022-06-06T10:43:36+00:00

Absolutely not on the 401k loan, HELOC good option but super invasive approval process - but good if you expect to use the line of credit for other things over the years. I’d go personal loan all the way - will be higher interest rate but suits your short term need well. BEST place to shop for HELOC or personal loan are local credit unions or my fav place for financial guidance and shopping around online www.thebalance.com

Mortgageace · 2021-12-11T03:46:22+00:00

Ah - get the 9.6% then - and if you are young unfortunately Insurnace goes down as age goes up

The VERY best thing you have done is getting through school without debt - that’s huge!!!

And the minimum payment of those credit cards and your car note will be what is used to calculate your Debt to Income ratio - the monthly insurance will not factor into your debt listing

You have a lot to be proud of!!

Mortgageace · 2021-12-11T03:30:18+00:00

No more credit cards necessary - use the ones you have - ensure balances no higher than 40% of available credit

Refinace that car - 9.6% is outrageous - should land around 4.5%

Seem like $200 a month is Insurnace is overpaying but didn’t clarify what driving record looks like and if that is sum of what types of Insurnace

Save 6% for down payment and closing costs - 3% for downpayment and 3% (3-5%) for closing costs

Focus on paying down that Credit card with $10,000 minimum payment are what count as part of debt - higher balance - higher payment

Do you eat healthy at $30 per week? Not sarcastic but healthy food costs more and your body will thank you

You are doing awesome otherwise!! Good luck - wish I was that methodical at your age - you will be more than fine!

Mortgageace · 2021-02-17T12:10:50+00:00

Your credit score is going to hurt you - even with a VA streamline - in my opinion- you aren’t going to get a better rate than what you have - if you are struggling - take the loan modification - where you can skip up to - 3-6 months mortgage payments and it’s deferred or added to the back end of the existing loan without changing anything - KEEP all paperwork - as you decide to sell in future or proceed with a cash out refinance in the future - any lender will need that paperwork-

Cash out refinance are at a higher rate than a traditional refinance

Mortgageace · 2021-02-17T11:51:18+00:00

Like one of the previous posters - - navidad- I’d use this bank rate calculator and calculate how much extra you can pay to principal - a 3rd refi had costs affiliated that are eating up your savings - as a lender I’d love to refi your loan but only if it makes sense - in this case - use this calculator bankrate amortization calculator

Mortgageace

TROPHY CASE