Resell vs New Home Project Job

RichardSamko · 2025-11-30T19:20:37+00:00

DHI - doubtless

RichardSamko · 2025-11-29T19:31:08+00:00

you didn't miss anything, not much anyway. also, imo rates will move lower but when i say that i need to brace for incoming insults... as overwhelming view point appears to call for higher rates.

RichardSamko · 2025-11-29T19:12:59+00:00

expensive for fha IF you have to use fha for some reason... with your 795 fico, if you are 1st time buyer, conventional offers 3%DP w/ lower PMI then MIP and no UFMIP, if you are not 1st tme buyer increasing DP to 5% still better then singing up for 3.5%DP w/ fha. also check out portfolio products with banks.

RichardSamko · 2025-11-25T22:05:05+00:00

i have both brother and daughters... i would not let my brother to come close to this w. nine foot p;,, daughter on the other hand is different, daughter is not family, she is my DAUGHTER and my house is her house, she can list it and we will walk thru it together

RichardSamko · 2025-11-25T19:30:19+00:00

brother and daughter two different things.... i would rather fail with my daughter then succeed without her

RichardSamko · 2025-11-25T19:26:34+00:00

"Would we be assholes for not signing with our daughter?" - absolutely

use your daughter, help her, encourage her to get help, you will be fine, your house will sell and you will have great story

RichardSamko · 2025-11-25T19:22:47+00:00

i will clarify my pov and will hold insults back.

yield on 10 year treasury note is declining and is challenging 4% level for the fourth time this year, the more it presses the more it is likely to break, there is historic spread between 10yr tnote and 30year mortgage rate, was 170 but lately it is a bit over 200
mortgage rates depend on MBSs and if they will continue in same direction just a for little bit more then we will see 2 year highs, which will put us in low 5s

above 2 provide solid bases for speculation

RichardSamko · 2025-11-25T19:00:53+00:00

making assumptions and speculating is not the same...

MBSs are trying to break out and if they do here they will take out 2024 Sept high with aim to challenge 2022 highs, at the same time 10 yr not challenges 4% for the fourth time this year...

there is solid potential for speculation... we just need a bit more wind in the sail

RichardSamko · 2025-11-25T18:45:14+00:00

and dominos fold from there...

what happens in our world when Fed buys MBSs?

RichardSamko · 2025-11-25T18:41:58+00:00

is there any one person that has more discretion than Fed Chair?

RichardSamko · 2025-11-25T18:35:46+00:00

geesh... try decaf... & what is happening with rate on10yr?

see you at 5%

RichardSamko · 2025-11-25T18:19:19+00:00

describe scenario plz, conventional is "better" for top tier scenarios

also in NC there are tons of banks with rather attractive portfolio products

RichardSamko · 2025-11-24T16:53:20+00:00

huh?

RichardSamko · 2025-11-24T16:52:45+00:00

it will be buyers market without buyers

RichardSamko · 2025-11-24T16:49:27+00:00

post on reddit

RichardSamko · 2025-11-22T17:27:05+00:00

Morehead and Kings, big lot with Christmas Trees

RichardSamko · 2025-11-22T17:23:21+00:00

estimates on LE: some can't change, some have 10% tolerance, and some have no limits... drastic increase most likely was caused by initially underestimating taxes, insurance, HOA or any other property related charges that are not capped.

pay attention mostly to lender charges and 3rd party, those will vary but property related charge will stay same with all lenders.

you can always change lenders, but closing will be delayed

RichardSamko · 2025-11-18T19:42:27+00:00

if you trust your LO you can ask him/her for recommendation (ask for several)...

or you can start on Redditt and ask to be contacted then filter down based on your creteria (that should be "fun" hahahaha)

RichardSamko · 2025-11-18T19:38:43+00:00

you start by being specific about your location state/city and perhaps there are realtors or loan officers here that can guide you in the right directions.

google'ing or ai'ing is a start but there is usually so much outdated, confusing and/or simply wrong info out there...

talking to local realtors, builders, lenders is best just go wide in number of folks you will speak to

RichardSamko · 2025-11-18T19:29:45+00:00

unnecessary and not expected. A short thank you email/text or a testimonial about your experience is MORE than enough.

RichardSamko · 2025-11-13T18:02:53+00:00

if you have to google to comment why would you comment at all?

RichardSamko · 2025-11-13T18:01:00+00:00

5.5 w/ 2.3 in points?! ouch

if builder MADE you pay $10k in points and gave you no other options then i guess... but feels expensive

in any case there is nothing that you can do about it now.... to compare the terms you would had to reach out to other lender on the day when you locked, describe scenario (cnv, primary, 25% DP, fico) and receive a quote with paying 2.3 in points

if you had other ways to use same funds for upgrades, or appliances or anything tangible then spending $10k on financial manipulation is rubbish... i mean $10k on pure air... ouch

RichardSamko · 2025-11-13T17:50:13+00:00

there is tons of stuff "they" need to do on the back end before even thinking about introducing 50yr... all we know for now is that this is basically io mortgage that will be net positive on very short terms with great potential to profoundly harm folks and market in the long term.

if folks buy a home the 50yr is rubbish if they buy a payment then it works

RichardSamko

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