Home Buyin/Maintenance Thread - Where most of us are 30ish but act 47. Oh, and fuck home inspectors

Discussion in 'The Mainboard' started by Swim Cantore, May 4, 2015.

  1. CF3234

    CF3234 Fan of: Bandwagons
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    Jorts is my guy. maybe I'm getting confused with the apartment we tried to buy that fell through because we don't really have a loan set up because we are still waiting on the response on our short sale offer from the seller's bank. definitely don't qualify for first time home buyer unfortunately.
     
  2. Jorts

    Jorts "Ask about my Mortgage Services"
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    PMI hasn’t even been quoted at this stage & PMI rates are pretty standard across the board. Things like credit score, loan amount, LTV are driving factors.

    Druce is right... LPMI makes sense, in certain circumstances
     
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  3. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    I paid 20% bc I made over 100k on my first home, so I had cash to put down and still remodel the exterior of the home. It’s what I was most comfortable with ty. My first home I only came with 10% and paid a PMI.
     
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  4. Druce

    Druce Fuck football.
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    Right on, I know you'll take care of CF3234 every situation is different, I was more making the point that the viewpoint of "PMI is the devil" is more old school and pmi has evolved to where it's really not that bad, and in a lot of cases, a more financially smart/safe play
     
  5. Duck70

    Duck70 Let's just do it and be legends, man
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    LPMI his is exactly what I did. I put 10% down and my PMI would have been around $240/mo, I was not cool with that. I sacrificed .2% in higher rates to get that waived, I now have to pay 4.1% instead of 3.9% and I am completely fine with that.
     
  6. Jorts

    Jorts "Ask about my Mortgage Services"
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    I'll use your example, as an illustration:

    PMI is temporary & eventually falls off, but LPMI is forever
    You'll save monthly for a few years, but depending on factors like home appreciation, additional assets available, extra principal payments & how long you intend to remain in the home/loan... rolling with monthly PMI might have been the better option. There are often incentives for putting more, or less, down on the home as well. I'm sure Loan Officer/Broker probably went over all the ramifications with you.

    The moral of the story, PMI/LPMI is neither good or bad... It's merely a means to an end. The best option varies by client & situation.
     
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  7. Houndster

    Houndster Ball don't lie
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    I only put down 5% because the insurance was low and I pissed away what would’ve amounted to 10% on fucking crypto/gambling (and I didn’t want to cash out and pay tax on any of my other investments).
     
  8. Duck70

    Duck70 Let's just do it and be legends, man
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    I agree and realize that it doesn't make sense for everyone. This is our first house and more than likely we won't be in it for longer than 6-7 years, at that point we would have only been paying LPMI rate thats higher for about a year or so past when the PMI would have fallen off.

    The math just made much more sense for our situation and we have super good credit so we were able to wiggle on some of it.
     
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  9. hawkeyeOUTeast

    hawkeyeOUTeast Love it or leave it!
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    Credit union, 0% down and no PMI
     
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  10. Jorts

    Jorts "Ask about my Mortgage Services"
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    lol
     
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  11. Bruce Bowen

    Bruce Bowen Well-Known Member
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    I’m pretty sure my neighbor has a doggie door and her dog is out most of the day and does not shut the fuck up. My driveway/garage is right by her backyard so whenever I’m doing something out there it goes especially nuts. I’ve got 2 dogs myself and love animals but god I pray this one is nearing his end of days.
     
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  12. CF3234

    CF3234 Fan of: Bandwagons
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    go on...
     
  13. Baron

    Baron Well-Known Member
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    You got a BB gun?
     
  14. Toast

    Toast Doowutchyalike
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    Pics please.
     
  15. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    You’re gonna have to complain to your neighbor or kill the dog. Only two choices this deep in the home ownership game.
     
  16. Russellin4885

    Russellin4885 Well-Known Member
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    Had that problem. Lady next door had a blind Pomeranian that she left in the back yard most the time, this dog had the most constant little dog yap. Drove me crazy but she is a widow with cancer so I just tried to ignore it. Luckily the dog was old and I’m pretty certain died.
     
  17. a.tramp

    a.tramp Insubordinate and churlish
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    They were right there in the post you quoted...
     
  18. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    Hey man, the internet is difficult.
     
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  19. Pharm

    Pharm Right Handed
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    I'm closing in a few hours
     
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  20. Jorts

    Jorts "Ask about my Mortgage Services"
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    Cristie typically brings bad ass closing gifts, so you have that to look forward to as well
     
  21. HuskerInMiami

    HuskerInMiami Well-Known Member
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    3.5% I think. Whatever minimum is for FHA.
     
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  22. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Are you down here in South Florida?

    I'm looking to refinance my house to get rid of my PMI (~$450/month). Bought it for 323k (put 3.5% down)+ 5k on top . Owe about 295k right now.

    Redfin claims it's worth $486k 2 years later. Say I want to refinance it, what would be a good amount to do it at? Assuming a good scenario and it appraises at say 420k.
     
  23. Jorts

    Jorts "Ask about my Mortgage Services"
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    PM sent
     
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  24. CF3234

    CF3234 Fan of: Bandwagons
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    been 6 weeks and still waiting. me right now

    [​IMG]
     
  25. Jorts

    Jorts "Ask about my Mortgage Services"
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    It’ll end up working out better for you, as I’ll definitely be at my new gig & have better options fo you.
     
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  26. Jorts

    Jorts "Ask about my Mortgage Services"
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    Why did you go FHA?
     
    #16876 Jorts, Nov 30, 2018
    Last edited: Nov 30, 2018
  27. CF3234

    CF3234 Fan of: Bandwagons
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    still waiting on your why credit unions are bad thoughts btw.
     
  28. Jorts

    Jorts "Ask about my Mortgage Services"
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    Credit Unions aren’t bad, they are great. I was laughing at the product he mentioned
     
  29. CF3234

    CF3234 Fan of: Bandwagons
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    still go on...
     
  30. MODEVIL

    MODEVIL Well-Known Member
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    Guy next door just took a leaf blower and blew all the leaves on his property out into the street or under the fence (which I paid for) onto my property. I told my wife I’m going to rake the leaves and dump them back over the fence. She’s quickly trying to plan something for us to do right now so I don’t do that this afternoon.
     
  31. MoJo

    MoJo It bees that way sometimes...
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    Pics are not only warranted in this situation, they are required!
     
  32. Dex

    Dex Well-Known Member
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    Current house under contract and now I get to start the house search in a new town.

    No issues on inspection and appraisal was in my favor. Now just hope nothing happens between now and closing date.
     
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  33. HuskerInMiami

    HuskerInMiami Well-Known Member
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    My wife was in Med school and I only made 80k at time and we were broke.
     
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  34. bigred77

    bigred77 Well-Known Member
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    Noticed a hole in the yard the other day, at first I thought it was the new puppy but upon further inspection I realized it looked like a small sink hole, right near where the septic tank is
    I figured it was just a spot on the side of the tank that had finally settled or something, couple of shovels of sand and it was filled....
    Couple of days later I noticed back... more sand and I realize it ain't filling up, and I realize I am hearing the sand "splash" as it falls down the hole
    Fuck, i realize i have a hole in the top of my septic tank

    Luckily i married into a huge spanish family, which means you name the trade and i have a brother or cousin in law that is in that trade.... tell the wife to call DV and ask him to check it out
    He sent his son today, who digs it up and finds that it looks like they lost one of the clean out plugs when originally installing the tank and just put a couple of bricks over the hole and covered it with dirt. Well 20 years later the bricks gave way and fell into the tank
    He sucked it all out and is coming back tomorrow to fix it right with actual clean out covers

    Best side of BIL/CIL owned trade businesses is they seem to always refuse to let me pay them a fair amount for help in these situations
     
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  35. NDfanPSUgrad

    NDfanPSUgrad Well-Known Member
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    So we recently moved back to my hometown a few years ago and now my dad tells me today his job wants to move him to Houston. I thought for sure he would say no but he and his new wife are actually considering it. Personally I don’t think it makes sense since they aren’t forcing him and he has a freshman in High School.

    Somebody with knowledge of Houston give me some pros/cons.
     
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  36. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
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    Great food. Everything else is unspectacular or sucks.
     
  37. texasraider

    texasraider thanks
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    Awful place.
     
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  38. bigred77

    bigred77 Well-Known Member
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    Armpit of the state
     
  39. Wallcoq

    Wallcoq Miles of D.
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    That's fantastic. Literally was saying to the wife last night just how lucky we are to know the people that we do. Same deal, but I told her they've saved us tens of thousands of dollars as a baseline. That doesn't even factor in the money I would cost myself fucking shit up in the process.
     
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  40. EMAW FC

    EMAW FC Proud Smucker
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    Our Samsung electric dryer hasn’t been heating. It is in the basement so the exhaust has to travel about 6 feet up and then out. It exits the house underneath the patio. Had to climb down there and clear lint the best I could. That didn’t help w/ the lack of heating. Had repairman come today and said the heating element was the issue. $300 later we have a fully functional dryer again.

    Of course when doing the first dryer load after repair the touchpad displays the “HE” error code. Would’ve loved to see that error message a week ago. Thanks for nothing Samsung
     
  41. bigred77

    bigred77 Well-Known Member
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    That means it's in "high efficiency" mode, so you are saving energy
     
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  42. Wallcoq

    Wallcoq Miles of D.
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    Saving energy at $300 a repair.
     
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  43. THF

    THF Banned From Hogville for Being an Ass
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    What was the recommendation for cordless drills?

    Milwaukee? I have a dewalt but am thinking of asking for an upgrade for Xmas.
     
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  44. bigred77

    bigred77 Well-Known Member
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    Does your dewalt work for what you do with it?
     
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  45. Baron

    Baron Well-Known Member
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    Druce did you ever try defrosting your freezer like you said you were? I think I'm going to try it this weekend.
     
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  46. Pharm

    Pharm Right Handed
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    The last picture is supposed to be panoramic but not working
     
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  47. Baron

    Baron Well-Known Member
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    whoever caulked that did a terrible job
     
  48. Pharm

    Pharm Right Handed
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    It's not done and I agree
     
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  49. Jorts

    Jorts "Ask about my Mortgage Services"
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    Love the house... but the lone, blue shutter irritates me
     
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