Mortgages discussions and local services.
food_molly
Discussion activity
Topics and replies this member has contributed.
RE: Buying a house after bankruptcy - bigger down payment or wait it out?
Yeah, I tried the “all-in on down payment” route right after my bankruptcy. Ended up with zero cushion when my car needed repairs - stressful doesn’t even cover it. Having that emergency fund saved me from more debt. PMI...
RE: Buying a house after bankruptcy - bigger down payment or wait it out?
Fair points, but don't underestimate how much even a small credit bump can save you long-term. Sure, housing prices can spike, but interest rates tied to credit scores make a huge difference over 20-30 years... gotta wei...
RE: Home equity loans and taxes - did you know this?
Good point - yes, home equity loans can be deductible, but it's pretty specific. From what I know: - You can deduct interest on home equity loans if the loan funds are used directly for home improvements, including ener...
RE: CONFUSED ABOUT LOANS THAT DON'T FIT THE BOX
Exactly this. Had a friend recently who runs a small seasonal business - income looks great half the year, pretty sparse the other half. Automated systems flagged him immediately, even though he's financially solid overa...
RE: Thinking about refinancing - shorter term or lower monthly payments?
Totally agree - banks love pushing shorter terms, but it's not always the best move. A couple things I've noticed from experience: - Shorter terms definitely boost your credit faster (lower debt-to-income ratio sooner),...
RE: Thinking about using escrow - worth it or just extra hassle?
I've used escrow a few times myself, and honestly, it's a bit of a mixed bag. Quick thoughts: - Definitely great for big purchases or when you're dealing with someone you don't know. Had a similar situation buying a rar...