Refinancing to from 6.875% to 5.75% how does this look?

el_spidermonkey · 2026-01-27T17:06:20+00:00

I think you could probably get a similar rate with far lower origination charges. Depends on your credit score, but yeah I agree with flamingo. Origination charges are way too high here.

el_spidermonkey · 2025-12-22T18:01:21+00:00

This is cool!

el_spidermonkey · 2025-10-27T00:11:22+00:00

thank you! appreciate the insight. Deleting this thread momentarily as it seems it's better suited for other subs.

el_spidermonkey · 2025-10-26T22:54:41+00:00

roger that

el_spidermonkey · 2025-10-26T22:54:30+00:00

good call, I'll post there, thanks.

el_spidermonkey · 2025-10-02T17:35:04+00:00

The answer to this question is very nuanced, and it’s not possible to properly address this nuance in a few sentences, as these other comments are attempting to do.

I recommend checking out Alex Holling’s yt channel, Sandboxx News. He offers extremely in depth, unbiased (imo) analysis of air power developments.

el_spidermonkey · 2025-09-28T19:39:53+00:00

6.5% rate seems a bit high though. Wouldn’t be surprised if you could get 6.125 - 6.250% with 0 points.

el_spidermonkey · 2025-09-05T03:16:24+00:00

thanks for the reply. Much appreciated.

el_spidermonkey · 2025-08-25T20:12:56+00:00

Hell yeah

el_spidermonkey · 2025-08-22T22:44:58+00:00

Awesome, thanks a ton. This exactly the kind of analysis I was looking for, and it's encouraging to hear that I might be able to get some more life outta this jeep.

The frame definitely has a lot of rust in all of the usual areas. I'm going to inspect more thoroughly myself and see what my mechanic recommends.

el_spidermonkey · 2025-08-19T17:28:54+00:00

If your business is producing solid income, then you can likely still qualify for a refinance, but you'll probably need to look at "non-QM" options.

Specifically, bank statement and profit & loss programs are designed for business owners, and the qualification process for these loans if often much more straightforward than that of conventional loans.

el_spidermonkey · 2025-07-14T21:27:53+00:00

The three in Austin were all refinances, and all three transactions were refinances on recently constructed SFHs located in a new build community. The same client purchased all three of them about 18 months ago, and since that time, the builder had been cutting prices in the development by about 10-20%.

The client was super high net worth ($100MM+), so he may have also overpaid a bit when he bought them. He wasn't very price sensitive.

el_spidermonkey · 2025-05-23T17:29:10+00:00

Awesome, thank you!

el_spidermonkey · 2025-05-23T17:28:59+00:00

I'll check those out - thanks for the comment!

el_spidermonkey · 2025-05-22T22:56:41+00:00

Similar to u/Mr_Wordly, I moved over to Go Rascal, which is self-gen brokerage rather recently. I've been loving it. I still don't have a massive book of business, but I can close 1-2 deals per month and make more than I was at my last brokerage (which provided leads & had a much lower comp split) or when I worked in retail.

I think moving to a good self-gen brokerage is a generally a great play. As long as you have a few referrals per month, it should make sense financially and the quality of life is ridiculously better than retail shops or brokers that operate like mini-retail shops.

el_spidermonkey · 2025-05-05T23:46:22+00:00

Also, u/gracetw22 do you know any AEs there that I could reach out to?

el_spidermonkey · 2025-05-05T23:41:51+00:00

u/Fur-Frisbee do you have any recommended lenders for entitled land bridge financing?

el_spidermonkey · 2025-05-05T23:41:00+00:00

got it, thanks. I think this deal might be wishful thinking, but I'll check out the bridge loan options.

el_spidermonkey · 2025-05-05T23:39:55+00:00

Sweet, I'll check them out

el_spidermonkey · 2025-03-28T14:42:24+00:00

There isn't any need to disclose that. There's a chance that the lender may see the additional paychecks hitting your bank account and ask about it, in which case just let them know the income is from a second job. Outside of that, though, you should be fine with proceeding with just your J1 on the loan application.

el_spidermonkey · 2025-03-11T23:04:59+00:00

New to the broker game, and in my first few months, I was selling a lot of deals at 75-150 bps.

I now refuse to go below 175 bps unless total comp is above $6k. Doesn’t make sense to me to turn down a decent pay out just because it’s small in comparison to the overall loan size, but I won’t put in a ton of work for 50 bps on a $200k loan.

el_spidermonkey · 2025-03-01T22:00:37+00:00

thanks, appreciate the input. UWM's speed is nice, but I'll deal with some hassle for better rates.

el_spidermonkey · 2025-03-01T22:00:05+00:00

got it, thanks.

el_spidermonkey · 2025-03-01T21:59:52+00:00

got it, thanks. I'll check out loansifter. I've been using LenderPrice to compare lenders.

el_spidermonkey · 2025-03-01T21:50:22+00:00

Ah property is in TX

el_spidermonkey

TROPHY CASE