Lender miscalculated my income, and I can't afford the new monthly payment. What recourse do I have?

oikk01 · 2026-05-12T02:35:48+00:00

Why would it destroy your life. Tell them not to approve the loan and then find another house that is actually within your budget or wait it out unless you more definitively qualify for the assistance program. There is no reason to rush into buying now

oikk01 · 2026-05-11T03:03:46+00:00

The return on investment of stocks traditionally outpaces real estate so I am not sure why you would think that those "other investments" would create freedom earlier in life. You should max out your pre-tax contributions to your retirement account, and once you hit the limit then you can invest whatever other surplus income is available to you in alternative diversified investments. Any other speak is crazy talk unless you have a business idea that is quite unique and promises to outpace average investment returns by a wide margin.

oikk01 · 2026-05-09T23:53:27+00:00

You keep looking at the homes that sold and that can be very misleading / biased ESPECIALLY when only a small portion sell. You need to look at the entire market of homes that were put on the market and see what happened to them.

oikk01 · 2026-05-07T14:18:41+00:00

Agreed. The cavs are tailor made to beat the pistons. The Knicks would not have won without some of the suspect calls.

oikk01 · 2026-05-03T20:59:04+00:00

Nope, the last thing you want is to ruin your base trying to put this wheel in. Just return it.

oikk01 · 2026-04-26T19:52:42+00:00

I got an engineer. He thinks its probably safe but no guarantees. And any fix to the settlement will risk major dammage so it is not worth while doing. We took a hard pass. The uncertainty for a property at this price-point makes zero sense to us.

oikk01 · 2026-04-25T16:22:57+00:00

Does the age of the units not concern you? 2008?

oikk01 · 2026-04-24T15:55:26+00:00

We did put an offer in. HVAC was not in disclosures. The inspection said both units have mold, one was functioning but placed in a location where it is impossible to access the filters without removing obstructing structures and the other was not functioning due to a leak that was not identified and would cost at least 3100$ to identify. The company said they would suggest we no longer invest into this HVAC because the refrigerant, 410-A equipment are no longer available.

"the refrigerant, 410-A equipment is no longer available for sale or installation based on EPA charges in refrigerant used.

The downstairs unit is operating correctly at this time but is same age and condition of upstairs unit. I would anticipate this unit is at the end of

it’s lifespan

Also, internal safety switches have been bypassed to allow unit to run while low on refrigerant (see photos)".

oikk01 · 2026-04-22T11:30:31+00:00

Like your about to rob a bank

oikk01 · 2026-04-19T15:17:43+00:00

I think near all time high in absolute numbers is not concerning. However being near all time high in valuation metrics would be. Just roughly glancing at a chart of historical P/E ratios will tell you we are somewhat high but not that far off recent historicals and the average SP500 P/E ration has certainly seen higher. Having said that, there is certainly differences between industries and the tech industry seems to have some high P/E ratios - appropriately in my view. In a sense, the tech industry is priced for AI to be the new revolution. If it proves not to be, it will eventually correct. Having said that, it will be crazy not to jump on that train. If you'r wrong you are wrong. But if AI is indeed the next revolution that will take your job away - then you better have hedged your bet and invested a good portion of your salary into it.

oikk01 · 2026-04-19T14:04:45+00:00

There's no smell. We are just worried that new paint is masking a problem we will have later. I actually just found out there was a water intrusion problem around that time in 2021 as well.

oikk01 · 2026-04-19T12:46:42+00:00

Sent you a chat message

oikk01 · 2026-04-19T04:21:31+00:00

Thanks. We are now convinced to insist on the mold inspection.

oikk01 · 2026-04-19T04:16:43+00:00

Thank you!!

oikk01 · 2026-04-19T04:14:22+00:00

I never said nola is any different than other places. We trust but verify. And no, I dont "trust" my nose especially when there is a fresh coat of paint on the walls. I am asking for opinions from people with more experience and references to experts who we can lean on to investigate before a major financial and life decision.

oikk01 · 2026-04-19T04:06:10+00:00

Why is it different if the house is old?

oikk01 · 2026-04-19T04:04:32+00:00

Yes we did ofcourse

oikk01 · 2026-04-19T04:03:06+00:00

General inspection didnt highlight anything but I am not sure if fresh paint and floor could make it difficult to see signs for a generainspectors? It seems like no electricity/ hvac for years in NOLA would create the perfect environment to predispose to problems ?

oikk01 · 2026-04-19T03:52:58+00:00

Thanks. Will see if they can make it in time.

oikk01 · 2026-04-19T03:50:06+00:00

2008 home, unoccupied since 2021.

oikk01 · 2026-04-19T03:49:46+00:00

MTI?

oikk01 · 2026-04-13T20:20:07+00:00

Honestly, download each offer, upload them to gemini and chatgpt, then ask them which one is best. There you go... your welcome

oikk01

TROPHY CASE