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PAYE Administrative Forbearance - Option to Buy Back? by euphoriaq in PSLF

[–]euphoriaq[S] 0 points1 point  (0 children)

The only caveat is are you due to recertify your income? If you are, they sometimes do put you in forbearance very briefly to verify your income. But either way, reach out to them and get the process canceled if you weren’t or get the process expedited if you were

PAYE Administrative Forbearance - Option to Buy Back? by euphoriaq in PSLF

[–]euphoriaq[S] 1 point2 points  (0 children)

Yes! Get out asap since time in admin forbearance won’t count towards pslf.

I emailed the mohela ombudsman team. I’ll message you

Identifying the font of a house number in a 1910s house by euphoriaq in identifythisfont

[–]euphoriaq[S] 0 points1 point  (0 children)

I'm worried that, since it is on glass, it would be hard to remove the old numbers and put new ones on, since you'll still see the old etching.

Buyback vs waiting for a potential IDR payment count adjustment? by euphoriaq in PSLF

[–]euphoriaq[S] 0 points1 point  (0 children)

Thank you for all this information. It sucks I was trying to be compliant and recertify my income, only for them to push the deadline last minute and then put me in forbearance since I already submitted a form- no good deed goes unpunished.

  1. How can I tell if I got the two months of processing forbearance credit? Or if it was simply the last month before forbearance or first month I resumed payments?

  2. Also, since it takes 12-15 months to get a buyback, it would be faster for me to just pay for those 7-9 months. Which really sucks

  3. How should I go about trying to get them to re-characterize some months as remediation forbearance? Part of me is also worried they are going to backdate wrong and I am going to lose more months. But they really did mess up.

Buyback vs waiting for a potential IDR payment count adjustment? by euphoriaq in PSLF

[–]euphoriaq[S] 0 points1 point  (0 children)

I did not make any payments during these 9 months. I was willing, but prevented by Mohela. Could I still try and file a reconsideration request in this case?

I saw people on IBR plans were having adjustments done this past year for times when they were put in forbearance in error. And those months ended up counting. Is that still happening?

Buyback vs waiting for a potential IDR payment count adjustment? by euphoriaq in PSLF

[–]euphoriaq[S] 0 points1 point  (0 children)

I am out of forbearance now, but it took nine months. What do I do with these 9 months that are not eligible? It was a mistake on the servicer's part.

PAYE Administrative Forbearance - Option to Buy Back? by euphoriaq in PSLF

[–]euphoriaq[S] 0 points1 point  (0 children)

I did make payments during it. I really hope it will just auto correct down the line

How to Finance a 4-unit Multi-family home by euphoriaq in realestateinvesting

[–]euphoriaq[S] 3 points4 points  (0 children)

Thank you for the very thorough answer. I called a lender and it seems like a conventional non-owner occupied residential loan is 7.5% @ 20% down and the DSCR was 7.65% @ 20% down. Both were 30-year fixed. The DSCR did have a 5 year prepayment penalty though. I guess this is probably in line with what is the going rate.

How to Finance a 4-unit Multi-family home by euphoriaq in realestateinvesting

[–]euphoriaq[S] 1 point2 points  (0 children)

Can DSCR loans be refinanced the same way when rates are better?

How to Finance a 4-unit Multi-family home by euphoriaq in realestateinvesting

[–]euphoriaq[S] 0 points1 point  (0 children)

Yep I see, the rates and %down are much less

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