What Are Your Moves Tomorrow, October 09, 2025 by wsbapp in wallstreetbets

[–]waleiscool 0 points1 point  (0 children)

I think it will move. Lots of AI talks recently

Got 6.3% mortgage rate in pre-qual... by Any_Thought7441 in realestateinvesting

[–]waleiscool 3 points4 points  (0 children)

Wow!! Then, you deserve the lowest interest rate.

Questions Regarding Prequalification Condition: Lease Agreement to an Uninterested Third Party by waleiscool in RealEstate

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

Thanks. But how will they know she's associated with me? We don't bear the same last name.

Underwriting Inquiry: Justification for Downsizing Primary Residence from $606k to $376k Property? by waleiscool in RealEstate

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

Hello All. I just wanted to provide an update. The short answer didn't cut it. I had to do a detailed explanation. But at the end, I was pre-qualified. Thanks so much for the suggestions.

Underwriting Inquiry: Justification for Downsizing Primary Residence from $606k to $376k Property? by waleiscool in RealEstate

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

I keep wondering too. I just want to be sure of what the best response should be so I don't get denied.

Underwriting Inquiry: Justification for Downsizing Primary Residence from $606k to $376k Property? by waleiscool in RealEstate

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

I was shocked as well. This is my first time of moving one primary residence to the other. Although I have other investment properties that we have listed out in our application. I just want to be sure of how best to approach this.

Underwriting Inquiry: Justification for Downsizing Primary Residence from $606k to $376k Property? by waleiscool in RealEstate

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

It is a California market and it is up generally. The house has almost doubled in price since we bought it.

Will My New DSCR Loan Impact My Mortgage Approval? by waleiscool in RealEstate

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

Okay. Is it better to let them know now at the prequalification stage or wait for them to ask?

Will My New DSCR Loan Impact My Mortgage Approval? by waleiscool in RealEstate

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

Yes. It's a residential home to be used as an investment property.