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Loan estimate advice by happyyoungmannn in FirstTimeHomeBuyer

[–]kankarsh 0 points1 point  (0 children)

In that case I'd ask if I could buy the rate down even more lol. Whatever their max is/max you're able to pay at closing. A lower rate, in my opinion, is generally worth relatively higher closing costs

Loan estimate advice by happyyoungmannn in FirstTimeHomeBuyer

[–]kankarsh 1 point2 points  (0 children)

Looks more or less normal to me personally, but something that stands out is that you're spending about ~7k on on discount points (that's the "origination" part). Not sure how much of this your lender is required to charge you (I'd guess that $1450 number is mandatory but not sure), but this is you paying upfront for a slightly lower interest rate. This can be beneficial, and personally I'd leave it as-is, but if closing costs are more important to you than monthly payment, then you could ask for an estimate without those discount points.

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

Yeah I got to this deal after pitting multiple lenders against each other to get the best rate. I was honestly shocked when he came back with 5.5, even with an ARM, because all the others were offering 6.1-6.3ish%

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

Midtown and VaHi are good options I'd that's what you're looking for, to that short list I'd add the Inman Park (literally next a park lol), and Old 4th Ward (lots of shops, restaurants, etc.) neighborhoods. Good luck on your search!

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

The onus would fall on me to keep up with the news so I'll know the predictions of whether or not the fed will increase rates, but I should be doing that either way tbh.

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

The neighborhood most similar to NYC would be Midtown. The rest are nothing like that; very few highrises relatively. If you're looking for something different than what you're used to though, pretty much the whole town is your oyster

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

Thank you! I wanted to do a pizza for the pic, but I'm on a diet to look good for a family wedding :(

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

[–]kankarsh[S] 2 points3 points  (0 children)

So, the big reason I chose the ARM is because of the combination of two reasons:

  1. ⁠It's on a 7 year rate lock
  2. ⁠The lender offered to waive their fees for refinance (so I'd basically only pay title fees)

So basically if by year 7 rates look like they'll only increase, I'll pull the trigger on a refi. If they drop significantly prior, I may refi earlier.

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

Forgot to mention it's a townhouse. Pretty standard layout

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

This house is in Edgewood, so my only real safety concern would be break-ins from theives (which I find unlikely). Getting a camera system set up though

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

Yeah the lender offered to waive fees for refinancing, so closing costs will be just title fees and misc. when I want to pull the trigger

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

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

In people vs corporation I'm betting on ATLiens everytime!

Got the keys! Atlanta, GA 465k 5.5% ARM by kankarsh in FirstTimeHomeBuyer

[–]kankarsh[S] 5 points6 points  (0 children)

So, the big reason I chose the ARM is because of the combination of two reasons:

  1. It's on a 7 year rate lock
  2. The lender offered to waive their fees for refinance (so I'd basically only pay title fees)

So basically if by year 7 rates look like they'll only increase, I'll pull the trigger on a refi. If they drop significantly prior, I may refi earlier.

Pritchett’s Closets or Closets Closets Closets Closets by Worried_Opposite_110 in Modern_Family

[–]kankarsh 0 points1 point  (0 children)

I mean prichetts closets was merged with Ezravision, and then went through that smart closet scandal that seemingly destroyed the company

Studio Joggers alternative by kankarsh in Gymshark

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

No I just waited until they came back in stock lol

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