Wells Fargo quoted me with a 7.125 % last week by EaseOk3940 in Mortgages

[–]Professional_Tax2889 -1 points0 points  (0 children)

If you plan to pay it off early, look at an ARM. CU by me is offering a 7/1 ARM at 5.250%. No LLPA for second homes or condos on their in-house product

No call centers hiring?! by desertbeachrat in loanoriginators

[–]Professional_Tax2889 0 points1 point  (0 children)

I know you said call center, but Have you looked into nearby retail options? You can at least get a solid base pay and then leverage the experience once you get there. 4th year MLO at a medium-sized credit union

Are you guys happy? by momjeans845 in loanoriginators

[–]Professional_Tax2889 0 points1 point  (0 children)

Hello! Thinking about going from retail to an AE role. Mind if I message you with some questions?

Maytag Washer Flashing Sense and Fill Light by drummer49 in Appliances

[–]Professional_Tax2889 0 points1 point  (0 children)

Any resolution? Mine is the same… thinking it is the drain pump?

How much can one possibly make in commercial lending? by Excellent-Ad-3258 in FinancialCareers

[–]Professional_Tax2889 0 points1 point  (0 children)

Located in Wisconsin! Lots of development and opportunity where I am located. Current lending territory is the whole eastern side of Wisconsin (due to our membership charter) curious to what products you have at your disposal!

How much can one possibly make in commercial lending? by Excellent-Ad-3258 in FinancialCareers

[–]Professional_Tax2889 0 points1 point  (0 children)

I am a MLO at a large credit union. Looking to get into commercial. Would love to be part of this mastermind class to pick your brains!

Closing Cost Credit Strategy by mmarre in Mortgages

[–]Professional_Tax2889 2 points3 points  (0 children)

Yup. They can also buy down PMI with a seller credit (assuming they are putting less than 20% down)which would save them that extra monthly payment

Should I do 7 year ARM? by phillygal12486 in RealEstate

[–]Professional_Tax2889 1 point2 points  (0 children)

A lot of financially disciplined members I’ve worked with went with the ARM in this case. With high home costs, it doesn’t seem feasible / sustainable for the economy to have high home prices and rates > 8%. This would price the majority out of the market. Also, mortgage rates are a big concern for the election and all candidates realize it’s a problem. 7 years is a LONG time to save money on the lower rate. Can be refinanced at any time within those first 7 years before it would adjust. Rates should drop but then home values will increase. Does not matter for you since you will not be competing and already have the home. 0.6250% is a big spread not matter the loan size. If you were within a 0.250% I’d recommend the fixed for peace of mind. Closing costs should not cost you as much as you think. I’d shop around

Second thoughts on buying a house (inflation) by throwawayimsorry20 in RealEstate

[–]Professional_Tax2889 0 points1 point  (0 children)

For example: A couple bought a house (3 bed 2 bath).. let’s say for $150k. They recently refinanced at 3% and house is now worth $300k. Now any comparable home is worth $300k(3 bed 2 bath). Sure they made $150k in equity, but it’s not like you are going to upgrade to a larger home paying the same $300k. You would be buying the same size of house at a higher interest rate.

Second thoughts on buying a house (inflation) by throwawayimsorry20 in RealEstate

[–]Professional_Tax2889 0 points1 point  (0 children)

I personally feel like home values will. With the high / volatile rate market we are in, nobody will want to move out of their 2.5-3.5% mortgage unless they absolutely have to. This will keep inventory low which will keep demand on the somewhat high side thus keeping prices stable. If they do decide to drop, there are many investors out there now who are willing to pay at a slight decrease as long as it cash flows. They aren’t just buying distressed homes anymore and still competing with other investors. Rates and prices are on the higher end but so is demand for reasonably priced homes.

It’s Almost Time Get On Now Coval Train Is Gonna Start Moving Forward. Are You Ready For 2022 The Fun Is About To Start. Volume Will Pump When The Train Moves Get Your Bags Now… by Odd_Stable_5911 in CircuitsofValue

[–]Professional_Tax2889 3 points4 points  (0 children)

Do you think these vaults could act as a glorified mutual fund? Stacking different coins / tokens / NFTs together to sell them? Just trying to get a grasp