OT X - Here for the Crang Bang
- wap
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Can't get the seller to pick up, or share, closing costs?[user not found] wrote: ↑Fri Aug 11, 2017 10:21 pm
Received mortgage packet today, suddenly realizing how much closing costs and other costs actually will be. Learning the hard way here.
Fuck. I'm not sure I can actually move forward on closing. This blows the budget.
- dtraill27
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Escrow and closing is a fuckin killer. Hopefully you can work something out[user not found] wrote: ↑Fri Aug 11, 2017 10:45 pmDenied there.
I've got a couple ideas, but as it stands right now I can't move forward. I'm over budget by about $5k on closing costs, including all escrow and prepaid costs. I had only budgeted for closing. Nobody ever told me what to expect for escrow.
- wap
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Good luck, mang.[user not found] wrote: ↑Fri Aug 11, 2017 11:20 pmYeah. I think I found some solutions.
I've send some e-mails to my attorney and my mortgage officer for answers and clarification.
- Calvinball
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Tweaked my back. Haven't had back pain for a long time now. Poop.
Sent from the Beer Depository
Sent from the Beer Depository
- razr390
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Calvinball wrote: ↑Fri Aug 11, 2017 11:47 pm Tweaked my back. Haven't had back pain for a long time now. Poop.
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speaking of
I am making one as we speak
Desertbreh wrote: ↑Thu Oct 17, 2019 3:05 pm DFD. The forum where everybody makes the same choices and then tells anybody trying to join the club that they are the stupidest motherfucker to ever walk the earth.
- Johnny_P
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In today's market seller pays closing[user not found] wrote: ↑Fri Aug 11, 2017 10:21 pm
Received mortgage packet today, suddenly realizing how much closing costs and other costs actually will be. Learning the hard way here.
Fuck. I'm not sure I can actually move forward on closing. This blows the budget.
- ChrisoftheNorth
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Wrap closing costs into the mortgage? Or are you too tight on down payment to do that?[user not found] wrote: ↑Sat Aug 12, 2017 1:27 amI got the seller to pay for a new HVAC. In return I'm eating closing.
It's a seller's market, breh. Good luck getting someone to pay closing for you unless it's a real turd of a haus.
Buying a house is a fucking expensive proposition just from the Closing costs in large part are how the mortgage companies make their money. They sell the loan instantly to the .gov, so they don't even get the interest.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
- ChrisoftheNorth
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That's not uncommon. I've done that with my last two mortgages.Tarspin wrote: ↑Sat Aug 12, 2017 9:19 amWe somehow roll the expenses into our mortgage. Congrats on the new house, you'll be happy you did this when you're 's age.[user not found] wrote:
I got the seller to pay for a new HVAC. In return I'm eating closing.
It's a seller's market, breh. Good luck getting someone to pay closing for you unless it's a real turd of a haus.
The only catch is if you're on the edge for down payment %. If wrapping the CC in prevents you from putting 20% down or whatever.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
- CorvetteWaxer
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Talk about audience participation.
- Calvinball
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- ChrisoftheNorth
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No mortgage process is easy. Sucks that yours is even worse.[user not found] wrote: ↑Sat Aug 12, 2017 9:34 amThanks to me being commission based and the wife being 1099 based for income, it was not easy to get the approval, and we're at the max of our approval even though it's well within what we can "afford" per the 36% rule. Her deductions killed us.
This hasn't been an easy process.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
- Barnes93cb
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Not sure yet.wap wrote: ↑Fri Aug 11, 2017 4:51 pmWhere is she going?Barnes93cb wrote: ↑Fri Aug 11, 2017 4:16 pm Actually there will be a lot of car time coming up. Ive got a suspension to install, wideband, and ecu to install/tune.
Plus the wife is being sent on a business trip for an undetermined amount of time.
- CorvetteWaxer
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Sounds ominous, like you are plotting something..
- wap
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Glad you figured it out.[user not found] wrote: ↑Fri Aug 11, 2017 11:46 pmI found I can pull money out of my IRA (up to $10k) as a qualified disbursement as a first time homebuyer. I'm only going to pull out $5k, as I'm about $5k over budget.
I just was starting to panic a bit.
- wap
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100%Tarspin wrote: ↑Sat Aug 12, 2017 9:19 amWe somehow roll the expenses into our mortgage. Congrats on the new house, you'll be happy you did this when you're 's age.[user not found] wrote:
I got the seller to pay for a new HVAC. In return I'm eating closing.
It's a seller's market, breh. Good luck getting someone to pay closing for you unless it's a real turd of a haus.
I'm 23 months away from paying mine off and it feels to be almost there.
- Barnes93cb
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How did you know?
Or it sounds like the military is just being assholes and not telling us.
- Calvinball
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- Barnes93cb
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Whats a mortgage?
- fledonfoot
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A 72 month car note?
- CorvetteWaxer
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Hot tub delivered.
Weight bench disassembled and moved into storage.
Need to empty the safes and move them out of my office next and start clearing the bedrooms so I can paint them this coming week. I recently disassembled my desk and put it all back together, so I am not looking forward to that again.
Weight bench disassembled and moved into storage.
Need to empty the safes and move them out of my office next and start clearing the bedrooms so I can paint them this coming week. I recently disassembled my desk and put it all back together, so I am not looking forward to that again.