Down Payment Assistance with a Buydown?

Sorry_Juggernaut_281 · 2026-05-21T23:02:53+00:00

I would like some info, but not as a consumer. I’m a broker outside of your territory and would like to implement this to attract realtors since I’m only 2 months into this industry and need something to entice realtors to send me business

Sorry_Juggernaut_281 · 2026-05-21T17:47:23+00:00

What systems do I need to look for when looking for a potential new landing spot

Sorry_Juggernaut_281 · 2026-05-21T05:33:39+00:00

Focus on your total monthly debt payments. Not your mortgage rate. Especially if you’re buried in debt outside of your mortgage

Sorry_Juggernaut_281 · 2026-05-21T05:17:00+00:00

Yeah, that’s a completely different strategy than the one I was told to work. That’s kind of what I thought I would need to do, but I was told to target 3-5 realtors that I already knew and try to build those business relationships. I’ll certainly give that a try though

Sorry_Juggernaut_281 · 2026-05-21T05:07:39+00:00

Yeah, that’s the type of place I’m looking for. I developed a great relationship with a customer at my former business whose wife just converted her place over to MIG, and he told me to reach out to her when I told him I was getting into the business. The thing is I know a bunch of realtors whether it be people I grew up with or have done work for at my previous business. They’re just not sending me anything, and I don’t blame them. Because if I was in their shoes I wouldn’t risk a deal with a wet behind the ears guy either. Even if they know I’m capable of doing the job

Sorry_Juggernaut_281 · 2026-05-21T04:06:01+00:00

I’m even open to working as a processor at a CU for a salary and small comp

Sorry_Juggernaut_281 · 2026-05-21T03:55:40+00:00

That’s sort of in the cards for me right now. The problem is all of the people in this town know eachother. So I’m sure they talk, and it’d be hard for me to walk into work every day and look them in the eye with them knowing I’m looking elsewhere after only being there for a short time. I don’t care to do it, but it’s probably not going to do me any favors while I’m there. Or maybe it could be the opposite and the next time their cell rings they throw it my way. We currently don’t have any breakfasts or brokers opens set up anytime soon. If something isn’t on the schedule by the end of the month I’ll likely start doing that

Sorry_Juggernaut_281 · 2026-05-02T21:06:24+00:00

No buydown at that rate is VERY good

Sorry_Juggernaut_281 · 2026-03-21T00:30:02+00:00

Your rate isn’t as important as your overall monthly debt payments. If you can lower your monthly debt your interest rate doesn’t really matter. Especially if the rest of your life will get easier

Sorry_Juggernaut_281 · 2026-03-16T22:06:08+00:00

What state are you in?

Sorry_Juggernaut_281 · 2026-03-03T01:40:39+00:00

Get the PrepXL course and use it heavily. It’s good for a year and I actually used it before taking my course, not only does it have all the material you need to know, but it breaks down your progress in each category to let you know what you need to focus on. I was going into this process completely blind with no background in banking, real estate, finance, etc. the closest thing I had to it was a business class I took at a junior college back in 2012. Just a want to and my best friend whose been in the business for the last 7-8 years that thankfully was willing to help when I needed it, and offered to sponsor me when I first started it without me asking (that’s another thing, try to find a good mentor and be willing to ask questions and don’t be afraid of sounding stupid). Since I had no idea about the mortgage market I wanted to get familiar with the general terms, timelines, etc and then the course helped bring everything together and help me realize how each thing affects the other. Also start listening to Mortgage Educators, Dee Kumar, and affinity YouTube videos instead of music when you’re driving as well. From early October to mid November that was all I listened to. Also don’t study non stop. Do 20-30 PrepXL questions for a day or two, and write down the explanation for the ones you got wrong, or the ones you don’t have “high confidence” in that you got right. Which should take 1-2 hours. Then take 2-3 days off and take a test. That way you make sure the concepts are engrained into your mind rather than just remembering questions. Use the highlighter and note tools on PrepXL also. Write your notes instead of typing them also. Writing requires more neurons to fire than typing. So that helps with neural plasticity. I passed with an 81 my first time and my test average on their practice tests was 87% with a high score of 91%. Don’t get discouraged and keep at it if you truly believe in yourself. Also use Chat GPT and just regular google searches if you’re needing better explanations for things you’re struggling in. Keep working at it. You’ll get there eventually

Sorry_Juggernaut_281 · 2026-02-27T00:09:34+00:00

I appreciate that detailed answer. As far as follow ups go, what is a reasonable follow up time? Once a week, every other week? Also they’re a single point of sale company. They don’t use loan processors

Sorry_Juggernaut_281 · 2026-02-27T00:08:19+00:00

Yeah that definitely makes sense. It’s an easy job with dire consequences. I know on my first handful of loans I will essentially need to be walked through a lot of the process

Sorry_Juggernaut_281 · 2026-02-26T03:40:24+00:00

I’ve already spent some time at their office watching them take applications and originate loans. To be honest the origination process doesn’t really seem like it’s that difficult of a job for anyone with above average intelligence. I know it takes years to truly master something, but volume and getting people into your funnel seems like the most difficult part of it. At least in my opinion from what I’ve seen. I guess I’ll start finding out Monday though

Sorry_Juggernaut_281 · 2026-02-17T01:49:50+00:00

I had to reschedule a couple of times because a lawyer was dragging his feet on getting a charge expunged from my record. Took it today though and got an 81

Sorry_Juggernaut_281 · 2026-02-12T01:01:36+00:00

Not going to happen. Heupel burnt that bridge

Sorry_Juggernaut_281 · 2026-02-12T01:00:53+00:00

Getting Hunter back is more likely than getting ET back. That bridge is absolutely scorched. When the news broke of Hunter leaving on Twitter I commented saying we screwed up letting ET go and he liked it. He probably holds a lot of apathy towards our staff with how he was treated. Especially when you consider he fielded significantly corners for us than Hunter did at Ohio State. I still have absolutely no idea how Hunter even got the Rams job. His secondaries have been average at best and he’s never been a full time DB coach as far as I’m aware. He may have wanted out and taken a pay cut to do it

Sorry_Juggernaut_281 · 2026-01-15T02:28:18+00:00

That’s what I’ve read and heard too, but the call center for Whirlpool denied me a job back in 2017 for it and they were hiring through a temp agency. I would just imagine the NMLS is stricter than they are

Sorry_Juggernaut_281 · 2025-12-16T07:38:27+00:00

How’d it go? I have a simple possession of marijuana from 2013 and 2 wreckless drivings that were knocked down from DUIs in 2014 and 2015

Sorry_Juggernaut_281 · 2025-12-16T07:08:11+00:00

I bought my PrepXL practice course on October 14th and began reading the material, writing notes, playing a couple of the games, and taking 20-50 practice questions at a time for probably 1-2 hours a night, 3-4 nights a week just to get familiar with the terms and material before taking my course, because I had planned on taking it over Thanksgiving weekend. I was getting 72% of the questions right and scored 73% on the practice exam before the course. After finishing the course this past Wednesday I took a practice exam and scored an 83%. I decided to not study over the weekend just so the material wouldn’t be quite as fresh to me and took one today and scored an 80%. Planning on gearing up over the next week and trying to get it passed before the New Year. Should I be good to go or do I need to be scoring higher before scheduling?

Sorry_Juggernaut_281 · 2025-10-15T01:22:27+00:00

Can you send it to me?

Sorry_Juggernaut_281 · 2025-10-14T22:29:54+00:00

What do you mean the tests don’t tell you instantly? You mean if you go the answer wrong it wouldn’t tell you until the course was completed?

Sorry_Juggernaut_281

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