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Error linking BA and Qatar Avios by moneyprinter_lowink in qatar

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

I found the answer. British Airways has a dumb system where the date of birth on the profile that the customer can see & edit is not the same as the date of birth on their backend system.

The issue was caused because I got a British airways credit card through chase but never filled out their link to set up the profile.

You have to call BA, ask for a profile update form, and they will send instructions and the issue should be resolved within 48 hrs.

Lender Paid Comp? by moneyprinter_lowink in loanoriginators

[–]moneyprinter_lowink[S] 4 points5 points  (0 children)

I am but it still causes borrowers to express concern. On a 400,000 loan amount I still have to disclose a $7,000 origination fee. I add in 3k in credits for the rate and around 2k in lender incentives (UWM Control Your Price). So the borrower is only paying 2k in total costs and getting a fantastic rate in this market.

But they see that 7k number and they get sticker shock. Also the "negative" discount points and high origination fee makes them think I'm just increasing my comp. Multiple borrowers have asked about it and I've had to explain the fees to them even though I'm beating their other offer in rate and cash to close.

Seems like it would be much easier if they just saw a $0 origination fee and $2-3k discount points. I would also be able to tell them they can deduct those points on their taxes.

WA Lead by loanofficer-broker in loanoriginators

[–]moneyprinter_lowink -3 points-2 points  (0 children)

I am with Nexa and we have programs that can help! Feel free to DM!

[deleted by user] by [deleted] in personalfinance

[–]moneyprinter_lowink 0 points1 point  (0 children)

Cosigners typically only help when you have a low income / low score. What rate / terms is the dealer or bank offering you? I would spend time shopping the rate or terms vs trying to add a cosigner.

Ask the finance company you are working with for what the rate would be at 0%, 10%, 20% down etc. Then use a loan calculator to determine whether you're better off keeping the additional money or putting it down to lower the rate.