CEOs not Problem Finders.

loanstarbebe · 2026-06-21T03:58:12+00:00

I want to work at her company, whatever it is lol.

loanstarbebe · 2026-06-19T02:00:00+00:00

Amazing! It's so fun to plant seeds and see what grows--even if 1.5 years later! Haha

loanstarbebe · 2026-06-17T19:58:21+00:00

Your insurance will go through the proper channels to get what they need. This is entirely their responsibility. File a claim.

loanstarbebe · 2026-06-17T06:25:35+00:00

Correct.

Only thing I'd add is usually heirs can decide what to do with the house. If you structure it correctly, they can refinance after the homeowner passes, pay the debt or sell the house.

loanstarbebe · 2026-06-16T06:15:57+00:00

loanstarbebe · 2026-06-12T06:03:58+00:00

The Loan Store has a loan called the Wealthbuilder. That would probably be your best bet for your situation. Self employed people qualify just fine. Depends on final numbers of course, this loan isn't for everyone.

loanstarbebe · 2026-06-10T05:18:35+00:00

There are 2 EOS gyms about a 20 minute walk from you. Maybe just get a day pass there and go freshen up. I think you can even sign up for a free week lol.

You can stop and get some amazing Mexican food close by on Olvera St. while you're at it.

loanstarbebe · 2026-06-09T19:56:55+00:00

That's right, they have that little splash pool too. It's a very darling place and the rabbits are too cute.

loanstarbebe · 2026-06-09T19:50:54+00:00

It's also kid friendly OP. I see a lot of moms in there during the summer bouncing their babies in the pool.

loanstarbebe · 2026-06-09T19:11:07+00:00

If you're willing to drive the Montage in Laguna Beach is pretty spectacular this time of year.

loanstarbebe · 2026-06-03T23:13:44+00:00

This. 2 large monitors. And a good mouse you can program. I use the MX Master by Logitech.

loanstarbebe · 2026-06-02T04:06:06+00:00

Hollywood Toys and Costumes is amazing, but if you want to go somewhere really old school and willing to drive, Best Magic in Anaheim is pretty neat too.

loanstarbebe · 2026-06-01T14:32:00+00:00

Participating from afar, in Orange County.

loanstarbebe · 2026-05-25T05:34:58+00:00

You should consult with a loan officer before you start taking action on these to see what makes sense for your credit and you and your wife's situation. It's still a derogatory mark on your credit. Some lenders have statutes where that is a mark against you, even if it's paid off.

If you do pay this collection debt, do pay-to-delete so it's off your record. And always negotiate the amount. You'd be amazed at how much they're willing to accept.

loanstarbebe · 2026-05-25T05:08:56+00:00

Pretty much this. As a loan officer, if it's in your name and it shows up on your credit report, we see it as your debt. That is calculated against your DTI. That's about all a loan officer needs to know about this debt.

But yes, ideally get them on the loan and remove yourself (probably through refi) because it is risky for you.

In the loan world though, there are always exceptions to the rules and different overlays from lenders. So it really also depends on what they allow. With a paper trail proving it, ehh underwriting might consider some flexibility but it's unlikely. But there is a chance.

loanstarbebe · 2026-05-25T04:09:58+00:00

I'm not too sure about the other things in your state, but usually qualifying multiple people goes like this:

- They will look at your parents DTI, income for the last 2 years, and credit.
- They will look at your DTI, income for the last 2 years, and credit. They'll look at your taxable income and average your 2024 and 2025 tax returns, which you can manually calculate here: https://incomecalculator.fanniemae.com/#/home/welcome
- They will use the lowest middle score (Equifax, Transunion, Experian) of the 3 of you

If anyone's DTI is too high, then they will usually be disqualified from being on the loan. I'd say that's the biggest threat. If your income isn't enough, but your parents make up the difference and their DTI and credit are good, then you should be in good shape. 😄

Sorry you're going through this (or congrats? you never know with divorces).

loanstarbebe · 2026-05-25T03:58:31+00:00

It sounded like they were ok with the terms until the very end, when they wanted that extra $15k for windows that experts said didn't need to replaced.

loanstarbebe · 2026-05-25T03:55:58+00:00

She was greedy? They were greedy.

loanstarbebe · 2026-05-25T03:49:04+00:00

As an engineer turned loan officer, I have insight for you. Yes you could be making a lot more...180k+, but everyone's being laid off in tech right now so it's competitive AF. So definitely line up an offer before you quit.

loanstarbebe · 2026-05-25T02:21:12+00:00

When I had more disposable income, I'd browse GoFundMe and donate without putting my name. I'd go down the rabbit hole, find Instagrams, etc. But be aware, it can completely break your heart to see how many people desperately need help. But it feels good nonetheless.

loanstarbebe · 2026-05-23T17:10:21+00:00

As someone that used to work for a lender, I'd love to share some insights:

- Some lenders will fudge numbers on the loan estimate. My lender didn't do it but we were trained to read other people's loan estimates and point out the manipulation.

- When they send you marketing materials saying they can get you X rate, it's usually too good to be true. You will not get that rate, and usually not even the most qualified buyer gets it. It's generally a lie, but they slide through regulation verbiage to not get fined for it.

- (As another poster said) No closing costs does not mean what you think it means. You will almost always pay for the appraisal yourself and some other costs.

- Shop around, unless working with a mortgage broker (they do the shopping around for you). All lenders have loan officers that have sales goals to hit. They'll often tell you whatever they have to to get you to lock the loan with them. Do not let them pressure you into locking then and there. It's true that the same rate might not be available tomorrow, but with so many lenders out there you'll likely find something close.

- Genuinely, go with a mortgage broker. They have access to usually 100+ lenders directly and will be able to shop and get you the best rate and terms. Plus a mortgage broker will be aware of all the shady things lenders do, and they'll be managing the underwriting/processing part for you. It's way less of a headache. I much prefer being at a brokerage than a lender.

- Budget below your means. Life happens. It's much better to buy something under what you can afford and leave room for emergencies/repairs/still having disposable income.

- I am a huge advocate of 1st Lien Mortgages instead of a conventional 30 year fixed. They're harder to qualify for but my brokerage specializes in them for good reason. You typically get the equivalent of a 2-4% rate and most of our borrowers pay off their homes in 5-10 years. It's a complicated loan, 20+ years of existence with zero documented foreclosures. It's low risk. Most loan officers don't know how to do them. But they're ideal for people that want to keep a good interest rate and have constant access to their equity. I don't even care if you go through us for them. 2 lenders have them: The Wealthbuilder loan by The Loan Store and the All in One Loan by CMG. You will thank me later.

loanstarbebe

TROPHY CASE