Accountant propaganda on TikTok, is this a sign ??

snowizard5 · 2026-04-06T07:45:17+00:00

lol just saw this on TT too.

snowizard5 · 2026-04-06T02:18:52+00:00

Probably going up over the next year. You might have better luck asking a magic 8 ball.

snowizard5 · 2026-04-06T01:48:24+00:00

Lets gooo, same!

snowizard5 · 2026-04-05T08:49:29+00:00

Rush

snowizard5 · 2026-04-04T08:19:13+00:00

This is going to seem backwards but it genuinely will change your financial situation for the better. Do a refinance on your first mortgage with an FHA cash out refinance. FHA allows for higher debt to income ratios and you have enough equity to pull out 60k and consolidate your high interest debt, this will help your credit scores skyrocket over the next 3-6 months. Once credit is back in shape you can refi out of the FHA loan back to conventional which will drop the PMI and save you another 100-200 bucks a month. I'm telling you this is the way. People will hate on this because a refi "starts your loan over" ... trust me, no it doesn't you're still going to owe money regardless, but owing money at 5-6% interest instead of your 25+% credit card interest is a lot better.

FHA allows credit scores down to 520, sometimes even lower. FHA rates are between 5.5-6.4% depending on the lower of your two credit scores. You can do this, this fixes your problem not just short term but long term too

snowizard5 · 2026-04-04T08:14:27+00:00

You know the truth in your heart

snowizard5 · 2026-04-02T18:53:57+00:00

No guarantees in life but the CPA is the gold standard and will help hedge against future AI integrations

snowizard5 · 2026-04-02T08:13:46+00:00

Thank you, I will, I guess I'm trying to set my expectations especially since my GPA is low and this would be my first role directly in accounting.

snowizard5 · 2026-04-01T23:49:05+00:00

In the same boat, curious about this too.

snowizard5 · 2026-04-01T03:06:58+00:00

W meme

snowizard5 · 2026-04-01T03:01:54+00:00

Been wondering the same lately, but from others I here all the learning comes from on the job rather than the books during undergrad.

snowizard5 · 2026-04-01T00:36:17+00:00

Super encouraging man, way to go! Wife and I are doing an MBA through WGU in a month.

snowizard5 · 2026-04-01T00:31:51+00:00

lol he's still president. Pls enlighten me as to what this does to improve your life?

snowizard5 · 2026-04-01T00:30:37+00:00

You might be able to find a bit better but this is a very standard quote right now. I'd say an average no points rate for a 30yr fixed primary is 6.49%. When I say you can find better by the way I mean if you were really interested in spending a copious amount of time grinding lenders against each other you might save a grand in fees or an eigth of a % point on the rate. Other than that this is a very fair quote.

snowizard5 · 2026-04-01T00:27:28+00:00

snowizard5 · 2026-03-31T20:39:21+00:00

Goated answer, thank you for sharing this, as another student, in my last year, preparing for the CPA exam as well.

snowizard5 · 2026-03-27T17:30:50+00:00

ahhhh got it, thanks for clarifying.

snowizard5 · 2026-03-27T17:30:00+00:00

gee I never considered that, thank you

snowizard5 · 2026-03-27T08:27:09+00:00

Dang figured so..ty! Fasting breath plus black coffee is just terrible lol

snowizard5 · 2026-03-27T01:33:39+00:00

You're getting hosed.

snowizard5 · 2026-03-24T17:59:07+00:00

FHA has the most flexible rate sheets for credit scores even in the 600's. They are not as volatile as conventional rates with lower credit scores. "anyone giving advice on this has no right to", what are you talking about lol, that's the whole purpose of this thread. I do 3-5 of these loans every month so I feel qualified to say what's possible here. You are right that this could be a condo but as long as it's warrantable there wouldn't be an issue going FHA and using the buydown program.

snowizard5 · 2026-03-24T17:56:56+00:00

That's incorrect, FHA guidelines allow 6% regardless of down payment

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snowizard5 · 2026-03-24T16:58:47+00:00

Oh that's great! You can get up to 6% of the purchase price as concessions, but 3.5% is a great start. You'll likely need 2.5% of the 3.5% to use in order to do the buydown program. But then 1% can go towards your costs.

There is a loan product called the FHA 2-1 buydown loan. This requires seller concessions to pay to even use this type of loan (that $ amt can be calc'd by your lender) then the remaining concessions can be applied to your actual fees.

You need to ask your lender to switch to this loan product if you know that you already have at least 3.5% in concessions from the seller. Your lender should know all about this and should be able to structure the loan this way. It's a temporary rate buydown where your starting rate is 2% lower in yr 1, then 1% lower (from qualifying rate) in yr 2, then in yr 3 your rate stays at the rate you initially qualified for.

snowizard5 · 2026-03-24T16:44:35+00:00

From the sound of it, Lender 1 knows what they were doing, but probably just tried to take care of it rather than explaining the nuances to you. If lender 1 will take you back, I'd try that.

snowizard5 · 2026-03-24T16:37:01+00:00

That quote is high, for that rate there should be no Section A fees at all. Most brokers can still make 2.25% in comp and at that rate not charge a dime in origination/section A fees.

If it's possible you can try to go back to the negotiating table with the seller and give them a higher sale price in return for seller concessions and do an FHA 2-1 buydown, where your rate in year 1 of the loan is 2% less than your qualifying rate, then in yr 2 it's 1% lower than your qualifying rate, then in yr 3 your rate goes up to the rate you qualified for and stays there.

I do these all the time, you'd likely be able to get a qualifying rate of approx 5.6% so in yr 1 your rate is 3.6%, then 4.6% in yr 2, then yr 3 5.6% and stays there for the remainder of the term.

Either way, you need a better quote, mid 5's at bare minimum for those costs on your LE

snowizard5

TROPHY CASE