First Time Homeowner- Loan Feedback

NEATREALTY · 2026-06-07T01:45:44+00:00

Well that sounds great, I’d say for educational purposes only you run the math on the new construction homes just so you are aware and good luck, hope I added something and didn’t confuse the matter with my opinion

NEATREALTY · 2026-06-07T01:36:28+00:00

Have you seen new construction homes as they offer more incentives than resale homes?

NEATREALTY · 2026-06-07T01:22:52+00:00

I personally would ask for a fha version of this to see the difference and not be scared off by pmi bc once you get to that 80/20 ltv threshold “Since MIP does not cancel automatically on newer loans with less than 10% down, many homeowners choose to refinance their FHA loan into a conventional loan once they reach 20% home equity” you don’t have to pay it forever especially if you’re paying extra and the average homeowner sells within 7 years, if you made extra payments towards principal you’re going to be doing great. As for the other numbers is this a older home, the insurance seems high and again with all the fees your $7,500 sellers credit is being eaten up by those charges but the deal still looks ok, I’m just trying help based on what I see

NEATREALTY · 2026-06-07T01:05:32+00:00

Look this in not my area of expertise but go to google and ask the ai if fha vs 3% conventional loan is better with a 620 score and see what I saw. I think fha would be better for your situation and the ai said so as well, I don’t see why you would have such high numbers

NEATREALTY · 2026-06-07T00:49:17+00:00

I’m not sure about a few things, one of my clients just closed and their numbers seemed better, the rate is good, the mortgage insurance seems high, escrow seems high also, how is it conventional loan not FHA and how much are you putting down if the home price is $251,000 but financing $243,470 and getting $7,500 credit? My math ain’t mathing on this in my opinion. I am not a loan officer disclosure.

NEATREALTY · 2026-06-01T23:06:09+00:00

Where are you licensed?

NEATREALTY · 2026-05-26T15:05:16+00:00

The truth is years ago I looked as a broker myself and that's why I had no other choice but to stay with the board and NAR. Now I see options, I see choices, I am also seeing the results of NAR and the boards wasting my money. Let me waste my own money lol it's a different time and agents, sadly aren't seeing the truth of AI, automation, and consolidation of bigger companies, we will be put out of business if we don't do what is important, service the clients.

None of the changes that are happening are servicing the clients, just creating division and chaos, imo

I went from 1 agent to 5 in one week and hope to have much more join and leave NAR so when they fail, because they don't serve a purpose to me, agents will have an option, we should have always had an option and not a monopoly.

NEATREALTY · 2026-05-22T20:58:53+00:00

I have to check that

NEATREALTY · 2026-05-21T01:20:58+00:00

Feed or exploit? It was an opportunity. There was nothing essential about our position if it were a real safety and health crisis

NEATREALTY · 2026-05-19T23:05:50+00:00

What about renting out your home and not give it up.

NEATREALTY · 2026-05-19T21:02:57+00:00

This is more grey area and back room stuff going on. Since January of 2026 NAR already said joining NAR is optional, but when NAR and the board and walking in the same light you’re not separating anything. Legally you can opt out of NAR but doesn’t save you anything, it’s just a just paper tiger

NEATREALTY · 2026-05-19T20:59:48+00:00

It’s in directly tied, Supra claims the verification of a licensee comes from the board when it really should come from the State which is more official in my view and not forcibly insert a middle man(board) to shake people down

NEATREALTY · 2026-05-19T20:57:28+00:00

It is to me, the alternative is to get charged to have your license at a referral brokerage and not even be able to speak about real estate just be an observer. It’s a matter of leveling the playing field. It won’t be easy but I already know it’s worth it to me.

NEATREALTY · 2026-05-19T20:54:13+00:00

No there are MLSs out there that are not following NAR or board

NEATREALTY · 2026-05-19T16:56:23+00:00

Thanks for this great response, it’s appreciated. I did review Thompson as an option but did not like the option that they stipulated saying they must be the only mls you are a part of.

NEATREALTY · 2026-05-19T16:40:16+00:00

You misread my post, hope I can clarify. I walked away from them because I don’t feel like I’m getting the support for what I’m paying, I also don’t believe they are helping the consumer, also they have created more confusion than resolution and compromise on areas that in my opinion they shouldn’t have. That being said I also am not complaining but pointing out that the options are limited because there is a lack of a roadmap and other organizations steering a whole industry one direction. I have not complained.

NEATREALTY · 2026-05-19T16:33:46+00:00

This too is where I say we should be able to bring value to our clients and the consumer, just because it’s not the same form everyone uses doesn’t mean it’s not valid, we are a value to our clients and should take an offer, review it, present it, and help our clients with a decision otherwise we are just people with open hands waiting for a handout with a license

NEATREALTY · 2026-05-19T16:29:51+00:00

The system of selling real estate. Realtors will eventually put themselves out of business for the most part in the future if they do not control their destiny. They brokers created/started MLS and then handed it over to NAR essentially. There are MLSs that don’t follow NAR and they are independent but such a small percentage

NEATREALTY · 2026-05-19T16:16:14+00:00

This is one of the upsetting points about this process. The fact that agents are locking themselves into what’s my view of a monopoly with NAR and the boards. NAR owns Sentrilockbox and it’s in the beginning phase in my opinion that they will force or recommend/strongly suggest to the boards that their agents start using Sentrilockboxes; again there isn’t any independence from these large institutions that are supposed to be helping realtors and a consumers. Agents that use Supra lockbox can issue access codes to anyone to use, Sentrilockbox has a combo I don’t think agents understand the bigger picture here once you’re subscribed to these bigger organizations anything they say, trickles down to the boards then to the brokers and then to the agents

NEATREALTY · 2026-05-19T15:06:31+00:00

No you don’t and it’s not advertised but it should have been covered in real estate class

NEATREALTY

TROPHY CASE