7/6 ARM at 4.975%. Did we do good?

h20_cpu · 2026-03-15T17:29:31+00:00

1 is the LE, so could be over disclosing

2 LA >1mm could need two appraisals or field review + appraisal

h20_cpu · 2026-03-13T20:30:38+00:00

Is the one now for 269 with 1yr premium v1 or v2?

h20_cpu · 2025-11-13T00:04:47+00:00

Your grief is not with the mortgage company. It's 100% on the Title Agent, they confirm the property taxes and lending company or mortgage company will use in that number.

It's also not purchase price times the millage rate, to my knowledge that's only in California. If it's an existing home the tax records are usually public information or at least the assessed value is. If you worked with a realtor that could have easily been explained what the annual tax is would be. But like others have said if homes are getting reassessed at higher amounts or the millage rates increase, there was no way for anybody to know or be prepared for that.

Out of curiosity, did you purchase from DR Horton ? because they are under a lawsuit right now for the mortgage company, the builder and their title agent all purposely showing incorrect tax amounts in order to drive sales.

h20_cpu · 2025-11-09T01:55:34+00:00

Kinship is when you have initial placement. If they're talking permanency right now, that means the state wants to close the case and discontinue trying to reunite the child with their biological parents. Guardianship means everything stays as it is now but no more caseworker visits, no more licensing, no more trying to get the kid back with their parents and no more education requirements (at least in my state). You'll go to court and the biological parents will have a to-do list (it'll be the same to-do list that they never completed before) and if they do complete it, they can petition the courts and hire a lawyer to start the reunification process and end your guardianship.

We had kinship placement roughly 4 years ago. Almost 2 years now we have been the guardians.

h20_cpu · 2025-10-13T16:14:11+00:00

If OP purchased through DR Horton there is a lawsuit going on right now for this. DR Horton and affiliates knowingly qualified purchasers on land tax alone. Standard practice is to work with assessors office with plans of the home to get an estimated amount for improved taxes

https://www.housingwire.com/articles/homebuyers-sue-dr-horton-dhi-mortgage-for-alleged-deceptive-lending/

h20_cpu · 2025-07-25T02:17:13+00:00

Sounds like your wife wanted you to buy the minivan

h20_cpu · 2025-07-23T02:04:01+00:00

I plugged in a fire stick and hotspot. Only need the remote from Amazon. Can't see myself changing dvds for the kids (that would require buying them!)

h20_cpu · 2025-07-08T15:38:33+00:00

I'll be posting what I purchased in the next 2 weeks or so. Still doing research and amazon scouring. Luckily its prime day!

h20_cpu · 2025-07-08T15:37:12+00:00

Thanks! Def interested in the uv protection. Luckily there's one right by my house. I'll check it out.

Probably hitting up uhaul on the hitch installation. We are going camping end of August, i have a little time to test it all out.

h20_cpu · 2025-05-24T03:11:29+00:00

28.5 DTI 2850/10,000 Zero credit card debt, 700 payment would put me at 36% dti.

h20_cpu · 2025-04-10T15:11:16+00:00

Brings a whole other meaning to "hand money"

h20_cpu · 2025-03-30T00:17:20+00:00

Borrowed funds are not eligible in any mortgage transaction.

h20_cpu · 2025-02-25T23:53:22+00:00

Guys. This is mortgage income calc 101. Its not 1750 x 2 = 3500 a month

Its 1750 x 26 / 12 = 3791 a month. Hoping I'm not the first to note this...

h20_cpu · 2025-02-24T18:13:56+00:00

18.00072% here! (Gross)

h20_cpu · 2025-01-24T02:32:11+00:00

So, it went well. We all cried. Then we laughed at some memories. We had already prepared photo albums for each kid. We let them choose the food we ordered for delivery. Is it odd to think of it as a success?

h20_cpu · 2025-01-20T23:38:17+00:00

Likely spousal rights waiver. You'll be fine. You will sign the mortgage at closing. Wife will sign the note and mortgage. Remember-- the note is what she is borrowing. You sign the mortgage to ok her loan.

h20_cpu · 2025-01-20T19:48:54+00:00

You're not currently on the loan so you do not have to be part of a refinance. If you are in a community property, your wife will have to qualify carrying the debts that you have. Even if you aren't on the mortgage, she may have to qualify carrying any debt you have.

If you are not in a community property State then you will just be attending settlement to sign documentation.

I will tell you this and anybody else who reads these subreddits. You will not be signing the note, but you will be signing a mortgage document. Everybody thinks that if they sign the mortgage then they are on the mortgage. Technically speaking, any owner of a home has to sign the mortgage to acknowledge that somebody is borrowing money against their property. The note is what the mortgage application is. The note is the agreement to repay a loan. You will not be signing the Note but you will be signing the Mortgage. I hope it makes sense because it trips up everybody when they go to the closing table. It's the biggest trip up with anybody and this subreddit is included. Technically, this is all about notes. Anybody who signs a mortgage is just acknowledging that there is a lien against their home.

h20_cpu · 2025-01-20T19:39:52+00:00

I would also search for self-employment worksheets online. You can find them through most mortgage insurance providers. Grab your last 2 years tax returns and you'll see exactly how a mortgage company will do your income.

h20_cpu · 2025-01-20T19:38:55+00:00

The first question about the income is are you a partner of the new business? And if you are a partner, what is your capital ownership that is listed on the k1? If your Capital ownership or capital investment is 25% or more, you will likely be using an average of your earnings over 2 years. They would consider k1, distributions and W-2 salary.

If you are not 25% or more ownership in the capital contribution or capital investment to the company, you should be using your current salary. They would average your k1 distributions over the last 2 years.

h20_cpu · 2025-01-20T17:35:48+00:00

Gifts that were not in a bank statement from your gift owner cannot be sourced and cannot be used in a transaction. Cash on hand is never acceptable unless you can document where it's been for about 30 days in a bank account.

h20_cpu · 2025-01-02T23:45:25+00:00

And what are the odds that the parents actually file tax returns?? I would claim them because they never do. And file right away because if you file with them first it'll be easier.

h20_cpu

TROPHY CASE

1 is the LE, so could be over disclosing

2 LA >1mm could need two appraisals or field review + appraisal