Forum Replies Created
I think your going to need more funds saved up. If you have 6k on your action plan they want you to still have 1-2 months mortgage payment available. If you put 5k down will you get that back? You will need money for homeowners insurance, prepaid interest, escrow property tax, and home inspection. When naca always always air on the side of caution. Save save!
Don’t give up. First stop comparing yourself to others. Who knows what is really going on in their life. You may have to look in different areas outside of what you have found more further out.
@mcooper is your payment shock 1650 the same as your rent or does that include other bills? If your planning to get a mortgage equal to your rent than there wouldn’t be a payment shock. You would need to show that you paid/saved that amount for a few months.
If you saved for ie April to August payment shock and then moved August but now showing rent payment of August, September and October that should still show payment shock. Depending on your rent amount and how much you expect the mortgage to be
What does that mean release of EMD? They dropped your contract? Have you spoken to the office manager? Have you went into the office? I always find its better to do things face to face.
Once credit access approved you should receive the appraisal and sign the bank app. From that point to will take about a month
@redkool06 they have an office in Delaware. I never went there but the office manager from Philadelphia runs the DE spot.
I went directly at the Phila office.
I did find a really good home inspector. He was literally the only one person in my area willing to do Naca.September 5, 2019 at 8:47 pm in reply to: Success Story of Buying Perfect House to Becoming a Realtor in Miami, FL #58917
@southflorida you definitely a lot of good information on the boards.
I closed on my house end of August and through this process I learned more information than I could have imagined. I have started the realtor classes as well.
I found the new process is definitely better. They got rig of the CC, and now thru have the processing center. My MC never reached out to me after the bank app. I saw her only in passing last week when I signed the closing papers.
If you call the processing center and it says it’s busy and transfers to member services. I would hang up and call right back. Member services isn’t helpful at all at this point.
I would keep checking with the processing center for conditions. The conditions have to be reviewed before posted to the webfile. I found that it may be a day later before it get checked again
It’s interesting they don’t give the seller’s agent a copy of the CD. At my settlement last week I signed multiple copies of the CD and it went to the buyer and seller agents.
I got my closing disclosure on 8/14 and closed 8/22. I got my mortgage commitment letter 8/12 then the closing disclosure. I think the buyer needs to call and check their webfile. It should have been issued.
I went to the ATD in Rochester last June.August 22, 2019 at 11:16 pm in reply to: Counselor has Poor Communication & is Making Errors (Under Contract) #58625
My very first loan estimate that I received by email where I had to accept was incorrect rate. The other one that I got in the mail from BOA was the correct interest rate. I also received a copy of the bank app in the mail and the interest rate was on there.
Actually if your in credit access you wouldn’t have received these docs. Once signing the bank app from there. The interest rate was correct.
Woohooo tomorrow’s the big day!
PRN means contract? You said your getting guaranteed hours, but since it’s contract i’m Sure they would want your company to guarantee the contract will be good for at least a year or more. I don’t think it’s a money issue but a job commitment issue.
I search the boards for people who work contract and they get they needed to show the work would continue. I think it was a year.
But when you log on can’t you use the student loan calculator to see the different loan options include the IBR. When I first was going through the intake I called Navient and got a letter saying how much my payment would be once I got of deferment.
By the time I got qualified the loan was in repayment so I didn’t have to use the letter.
For deferred student loans don’t you provide documentation from the loan provider showing what the payment will be once in repayment?