July 3, 2015 at 5:26 pm #28044rashad3000Participant
Hey, everyone. I haven’t posted here in a good while. Heck, I don’t even recognize some of the posters. Once you close, you tend to not hang around here as much.
On May 8, my wife and I closed on our dream home in Fort Worth, TX. It was a new construction. With all upgrades, it came to $214,850. My builder contributed $7500 towards our closing costs (buy-down). We contributed $4318 towards our buy-down. The rate on the 15-year mortgage the day we locked was 2.875%. With all of this buy-down money, we bought our rate down to 0.125%, the lowest that Bank of America allows. Our first payment was due on July 1. $1183 went towards principal, $22 towards interest. That is truly unbelievable! My first mortgage in 2007 was 6.875%. My principal on that would be like $100, while interest would be around $900. My balance at the end of the year will be about $207,000. How absurd is that?
Oh, by the way, we were the first ones in Texas to close on the new 15-year Wealth Building Mortgage. So it is something to be proud of.
Keep trucking along. Do not, under ANY circumstances, give up on NACA. It is well worth the extra effort to save over $500 a month on your mortgage. PMI is an absolute ripoff. Don’t fall for it!
Thanks again to Mr. Tim Trumble. The guy is someone who truly has a passion for NACA, and it shows.July 4, 2015 at 10:14 am #28064ahalesParticipant
Good stuff Rashad,
We are full out Renovation stage right now. I will be back to post my thoughts after I get this house together.July 4, 2015 at 12:41 pm #28071femmedeniseParticipant
Congrats! Post pics!July 6, 2015 at 9:46 am #28086j_donovan12Participant
That is definitely a great testimony to encourage others.July 6, 2015 at 12:22 pm #28104
There are quite a few new folks here on the forum since you closed! It’s good to see you sticking around to help the “newbies”! 🙂 Your first-hand experience can provide a lot of support and encouragement!
Your loan was genuinely historic in nature as it was the very first Freedom Loan we closed in Texas. It is indeed something additional to be proud of!
Thanks for the kind words about my work, too. My passion is really focused on the people who come to NACA to become homeowners or to save their homes. NACA is just a fantastic mechanism through which I can do that. Bruce Marks would agree with me. As he always says, “It’s personal”!
BTW I haven’t had the chance to make the small apology I owe you! Last time you were on the radio program, I said that all three of your children were girls. My apologies to you and those two handsome SONS of yours! 😀
Online Operations, NACA
July 8, 2015 at 1:59 am #28138rashad3000Participant
- This reply was modified 5 years, 5 months ago by TTrumble.
Tim, HA!!! Yeah, I wasn’t going to correct you over the radio. Our first boy just turned 9 today. Our baby girl is 4. Our baby boy will be 3 in September. We are truly blessed. My wife and I hit 10 years today. We are heading to Vegas in the morning to celebrate!
Tim, thanks again for all of your hard work. No one here can thank you enough!July 8, 2015 at 9:31 am #28139
HAPPY ANNIVERSARY!!!! Have a great time in Las Vegas!July 8, 2015 at 9:02 pm #28157HopefulMikeParticipant
Agreed! I was definitely skeptical throughout the process, but closed two weeks ago. It can be done! Congrats again rashad3000July 27, 2015 at 10:17 pm #28571PatrickMMember
Which area of Texas are you in, if you don’t mind me asking? I am interested in pursuing this program as well.July 29, 2015 at 9:09 am #28588Kristopher FraleyParticipant
YEAH!!!!!!!!January 26, 2017 at 10:27 pm #35849dangela21Member
I know this is a old post but I currently reside in Fort Worth and looking to go through the NACA program. @rashad3000 How did you get the builder to contribute towards your closing cost while going through NACA? From talking to the builders they want you to go through there lenders in order to get any of the perks. If you don’t mind me asking what builder did you use?January 27, 2017 at 2:10 pm #35858
If you like, please send me your name, email address and NACA ID number and I will have rashad3000 contact you directly. He is a HUGE NACA supporter, especially with the loan he got, so I know for a fact he will be happy to answer your questions and share his experience.
Online Operations, NACA
firstname.lastname@example.orgJanuary 27, 2017 at 2:20 pm #35859January 31, 2017 at 3:38 pm #35883Kristopher FraleyParticipant
my main man RASHAD!!!! NACA!!!!!! lolololFebruary 2, 2017 at 4:22 pm #35908Sunshineas1Participant
Tim I just sent you an email regarding the same question as dangela21.
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