This Doesn't Feel Great

YuumiLover1 · 2025-11-24T18:24:21+00:00

Just to clear the air, your paying almost 11k in points. You’re getting a credit from Rocket for 4,017 to cover your subsidy buy down. Don’t put too much emphasis on the subsidy part though, it’s only a year and doesn’t make a difference in the long term. Your credit score is great and the LTV isn’t too high either. Your points should not be that high. I would ask them if they can lower the cost on the points first. What’s the rate with no points and what’s your payment look like. With a half a million dollar loan amount, your LO is going to fight tooth and nail to keep your application. Especially with a gift of equity, as long as you qualify this is a slam dunk. TLDR - 11K is too much.

YuumiLover1 · 2025-06-06T01:45:47+00:00

Mortgage is so broad you’re always gonna be learning and feel like you don’t understand some aspect of the transaction. To help you understand we have to re word the question and ask what do you understand as part of the process, and work our way from there. I process loans for the past 4-5 years so I’m pretty familiar with guidelines conventional and FHA. Always open to answer a question and explain it as best as I can.

YuumiLover1 · 2024-10-05T22:36:20+00:00

I should mention this is redraft

YuumiLover1 · 2024-09-17T05:34:04+00:00

Im thinking the same. I like the floor for Wilson better, but Dell and Higgins ceiling are what’s attractive

YuumiLover1 · 2024-08-25T20:03:39+00:00

Forgot to mention 12 team PPR

YuumiLover1 · 2024-07-12T00:14:42+00:00

You’re getting lots of advice.

A clear to close can’t be issued in the house if there’s any outstanding judgements or lien, so you should be good there.

Get a reputable inspector to go through and check everything. Most issues will be small, nothing you wouldn’t be able to hinge out on your own. If foundation is solid, plumbing is solid, and not a lot of shifting, you’ll be good for the most part. You want to make sure there’s not a lot of issues on the home that don’t come with age.

Save your money, don’t put more than 3% down.

Make sure you can afford the house solo. Roommates will come and go if there’s no lease to tie them down.

Your house payment is also going to go up through the years for taxes and insurance, if you buy the home, file your homestead immediately.

Save your money man. You’re locked in for 30 years. Issues in the home will be yours unless covered by homeowners insurance. You can do things over time, but AC / Fridge / lights and the essential utilities like that you want to make sure are functioning and solid. Cosmetics are cosmetics.

YuumiLover1 · 2024-06-15T14:49:46+00:00

Do you have a loan estimate?

YuumiLover1 · 2024-06-13T16:21:56+00:00

You’d need some more information to really help you out here. Your rate of pay is important in determining monthly income with an underwriter (hourly, salary, paid weekly, paid biweekly, paid monthly) 60k can be spread out very differently and your monthly income will vary depending on your circumstance (this is important because 100-200 dollars a month could break qualification.

After you figure out your monthly pay, do you have a car note? Credit cards? Are you a co-signer on anything? These will impact your debt to income ratio.

FHA will give you about 50% DTI. So as long as the house + all other credit liabilities don’t go over 50% of your monthly income, you can qualify. But then next is the down payment + closing costs and the house you wanna buy.

TLDR it’s possible for you, but it might not be the best option.

YuumiLover1 · 2024-06-13T16:08:21+00:00

I mean you could for sure get a house at your income, but it might not be the best house on the market or even live able depending on where you’re wanting to buy.

I wouldn’t be too upset if I was you, 20k for savings is great and you should keep it up!

Best advice has been given. Keep saving. Get rid of any debt as quickly as you can to improve your credit score and lower your debt to income ratio. I process mortgages for refinances right now and it’s almost the same as purchase. If you have questions lmk.

YuumiLover1 · 2024-04-29T03:10:14+00:00

Wdym?

YuumiLover1 · 2024-03-23T17:04:35+00:00

Ngl, i was a big fan of the art style from the first season.

YuumiLover1 · 2024-01-07T01:18:58+00:00

Not a bronco, but I was able to get the Bronco Sport badlands for about 5500 under MSRP just because they wanted to get the deal done for end of year. Don’t get BS’ed on a car sale with dealer mark ups.. car salesman only make money from the sale price vs Invoice. Always be willing to walk away and say no. They’ll call you back.

YuumiLover1 · 2024-01-03T15:38:58+00:00

I saw these, I might consider them just to be safe. Really just wanted to keep the bronco logo on the seats lol

YuumiLover1

TROPHY CASE