adam_skater
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RE: Finally Cut My Mortgage Payment - Anyone Else Score a Great Refi Deal Lately?
Yeah, I get that logic, but honestly, I’ve never been a fan of sitting on too much cash either. Money in the bank just gets eaten by inflation. I’d rather put it to work - either in the property or something else that ac...
RE: Struggling with mortgage payments?
Yeah, I get that. I’ve seen people try to keep everything in one folder and it’s always chaos when something urgent pops up. I’m not super organized myself, but I do at least have a “mortgage” folder and then break it do...
RE: Waiting forever on my refinance loan approval - is this normal?
Yeah, I hear you on the “arbitrary” part. Drives me nuts. I’ve had deals where one underwriter barely glanced at the docs, and another wanted a signed letter for a $50 Venmo transfer. Out of curiosity, are you working w...
RE: Choosing Between National and Local Debt Service Coverage Ratio Options
Title: Choosing Between National and Local Debt Service Coverage Ratio Options Honestly, I haven’t seen a local lender beat the big guys on rate in ages. Maybe if you’ve got a long-standing relationship or you’re bringi...
RE: “High DTI means automatic denial”… right?
High DTI Isn’t Always a Dealbreaker… But It’s Rare I’ve seen lenders bend a little, but it’s not the norm. Usually, if your DTI is over their comfort zone, they start sweating - doesn’t matter if you’ve got a mountain o...
RE: “High DTI means automatic denial”… right?
Yeah, I hear you, but honestly, sometimes people get too hung up on the DTI number itself. I’ve seen buyers get creative - paying off a car loan or knocking out a credit card to drop their ratio just enough. But you’re r...
RE: When a fixed rate just won’t cut it: a mortgage adventure
Honestly, I’ve never had a lender break down the numbers in a way that actually made sense. They just toss out a figure and expect you to accept it, like it’s some sacred secret. I remember one time I tried to get out of...
RE: When a fixed rate just won’t cut it: a mortgage adventure
I get where you’re coming from - fixed rate definitely has its perks, especially if you’re juggling a ton of other stuff. But I’ve seen folks get stuck with a higher fixed rate when rates drop, and then they’re kicking t...
RE: Why Is Getting a Mortgage So Hard When You're Self-Employed?
Man, I hear you on the account separation thing. When I started out, I thought having a business account and a personal account would make things crystal clear for the banks. Turns out, they just found new things to nitp...
RE: Top 10 Mortgage Questions Answered: Everything You Need to Know
I’ve actually had a “courier fee” disappear completely after I pushed back, so yeah, sometimes they just drop it if you call them out. But you’re right - half the time they just rename it or shuffle it somewhere else. It...
RE: 🚨 LIMITED-TIME HOME DEAL 🚨
LIMITED-TIME HOME DEAL 🚨 Totally get the frustration with those random fees. Honestly, there’s no reason for a “processing” charge that nobody can actually explain - if I can’t break it down for someone, it sh...
RE: Wondering if I can still qualify for a HARP refi these days
Yeah, FMERR's definitely tightened up lately. Non-QM lenders can be a lifesaver if you're really stuck, but man, those rates can sting. Had a client last year who went non-QM due to some income verification issues - work...
RE: Thinking about refinancing my VA mortgage, curious what others are doing
Yeah, agreed. I've done a few IRRRLs myself and found the same thing - closing costs were pretty reasonable compared to standard refis. One thing I'd add is to watch out for lenders who roll those costs into your loan ba...
RE: PRE-APPROVED OR WINGING IT: WHAT IF YOU FOUND YOUR DREAM HOME FIRST?
Yeah, that's pretty typical. Appraisers usually don't like admitting they're off, even a little bit. Had a similar thing happen on a renovation project last year - had to point out brand-new flooring and upgraded fixture...
RE: Mortgage rules just got tighter - didn't see that coming
Yeah, lenders have definitely gotten pickier lately. I've been in property development for years, and honestly, the hoops they're making us jump through now are next-level. Had a deal recently where the lender stalled ev...