Mortgages discussions and local services.
tea720
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RE: Taking the plunge with adjustable rate mortgages - worth it?
Honestly, you nailed it with “sometimes I wonder if the plan ever really goes as planned.” That’s been my experience, especially with ARMs. When my partner and I bought our first place, we went the ARM route thinking we’...
RE: I kept getting denied for a mortgage because I’m 1099… turns out I was doing it completely wrong
Nailed it with the “less is more” approach. I made the same mistake at first, flooding them with paperwork thinking I was being thorough. Turns out, underwriters just want clarity. That’s been my experience too. The cle...
RE: Does an old bankruptcy matter more than a recent one?
Yeah, I’ve noticed the same thing. Some lenders seem to treat old bankruptcies like ancient history, while others act like it just happened yesterday. I had one ask for paperwork from a bankruptcy that was discharged be...
RE: Does a VA loan require an inspection? What are the VA loan inspection requirements for buyers and spouses?
Yeah, this gets mixed up a ton. The VA appraisal is just making sure the house isn’t falling apart and meets those minimum property standards. I’ve bought with a VA loan, and the inspector caught stuff the appraiser tota...
RE: “High DTI means automatic denial”… right?
That’s honestly the best way I’ve heard it put. When we bought our last place, our DTI was a bit higher than what I’d seen recommended everywhere online. I remember stressing about it, thinking the loan was dead in the w...