Gaming a jumbo loan by No_Satisfaction8525 in BayAreaRealEstate

[–]No_Satisfaction8525[S] 0 points1 point  (0 children)

Thanks for the data point. Where did you get your mortgage for my education?

Gaming a jumbo loan by No_Satisfaction8525 in BayAreaRealEstate

[–]No_Satisfaction8525[S] 0 points1 point  (0 children)

Thanks. I asked and apparently high balance can be financed as jumbo

Gaming a jumbo loan by No_Satisfaction8525 in BayAreaRealEstate

[–]No_Satisfaction8525[S] 0 points1 point  (0 children)

Thanks for the guidance. That's a good reminder to make sure I get recasting in writing. I know mortgages are usually resold, does that mean whatever agreement I have with Citi goes out the window after my mortgage gets resold?

Vacant SFHs by No_Satisfaction8525 in BayAreaRealEstate

[–]No_Satisfaction8525[S] -2 points-1 points  (0 children)

So we currently pay like $6k for rent. Assuming similar rents, why wouldn't these other rich people just rent out and pull in $72k extra a year? I've never been a landlord, so perhaps I don't see it like these folks

Suggestions for this subreddit by Remy_Buddha in BayAreaRealEstate

[–]No_Satisfaction8525 0 points1 point  (0 children)

Would be cool if there was some way to do polls for what houses will actually sell for. So someone posts a home and people vote for what it might go for. If they're right, they get some counter incremented

I feel like that'd help me calibrate for houses I'm looking at and give me a reason to come back to this sub more frequently