ltooks

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Viewing 14 posts - 1 through 14 (of 14 total)
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  • in reply to: Co sign an apt for child. #72418
    ltooks
    Participant

    @rosiep33 thank you for tour response. I did reach out to live help who in turn emailed my mc and his manager. Just like a previous question, I have not received a response.

    in reply to: BOA interest rate reduction #72340
    ltooks
    Participant

    @nelsont that applies to all low income or just in certain targeted areas? I was under the impression that it was certain cities.

    in reply to: Priority vs. Non-Priority Member Question #72156
    ltooks
    Participant


    @nelsont
    Hi I am a little confused by your .50 statement. I thought only in certain cities when you are below the msa you receive that reduction. Please tell me I am wrong.

    in reply to: Road to Close-New Construction #72154
    ltooks
    Participant

    @kristijay I am considering new construction. Were you able to get them to contribute to reducing your interest rate?

    in reply to: Condition – 18 PAGE NACA AGREEMENT #71806
    ltooks
    Participant

    Hello,

    Please send

    Thank You.


    @dmonty2585

    in reply to: IS A GRANT CONSIDERED A “BUYER CONTRIBUTION” #71649
    ltooks
    Participant

    @Nelsont

    The grant is through the City of Houston.

    There is a repayment stipulation and Naca is listed as one of the hud approved agencies (you are required to go through a 8 hour home buyer program). I figured since they are listed we could use it.

    Here are some takeaways:
    • Assistance will be provided in the form of a zero-interest forgivable loan, secured by
    placement of a lien in the highest allowable position on the applicant property. Homeowners are required to maintain principal residency in the assisted property throughout the length of the compliance period. Cash-out refinancing, home equity
    10 Harvey Homebuyer Assistance Program Guidelines (DR-17)

    loans, are not allowed during the compliance period. A violation of this policy will
    activate the loan repayment terms.
    • Program participants must agree to compliance period and lien requirements. The
    compliance period of homes purchased will be based on the amount of assistance provided: five (5) years for $30,000 of assistance. The lien on the property will be removed upon completion of the terms and conditions of all documents related to the program and completion of the compliance period.
    • Forgiveness of the loan provided will be prorated over the course of the determined compliance period. The proration percentage will depend on the length of the period, with 100% of the loan being forgiven and the lien satisfied at the termination of the compliance period. Should the homeowner use the property as, sell, or otherwise convey their ownership interest in the property during the compliance period, the remaining prorated amount of assistance will become immediately due and payable. Should a homeowner convey ownership interest of the assisted property, HCDD will enforce recapture provisions through a lien.
    • Program participants must maintain insurance for the assisted property. Hazard, flood, and windstorm (if applicable) insurance will be monitored during the length of

    in reply to: Medical Collections #68932
    ltooks
    Participant

    Thank you for your fast response. I am so grateful you take so much time out of your day to help us during this process. I got that shock alright.

    in reply to: Next Steps ….after Intake Session? #68826
    ltooks
    Participant

    Does your action plan show your next appointment date? If they have not notified you by email of who your mc is I would believe the next step is to call your local office.

    • This reply was modified 2 years, 1 month ago by ltooks.
    in reply to: Can I try to refinance my student loan? #68371
    ltooks
    Participant

    @ttrumble I pay around 80 a month. I took the loan out for my daughter. I have a current balance of 7K. I just paid the other one I had off. I wanted to bring my monthly debt down so I could qualify for more house. Paying down wont change my monthly payment so I figured paying down about 1-2k and refinancing may help me in obtaining a smaller monthly payment.

    in reply to: Higher Qualification amount #68370
    ltooks
    Participant

    @nelsont if you fall under the 80% the .50 is reduced from the rate shown on NACA’s website?

    in reply to: LOE #68324
    ltooks
    Participant

    @ttrumble does that also apply to cash withdrawal?

    in reply to: Should I Pay Debt Or Keep Extra Savings? #67711
    ltooks
    Participant

    @firsttimephilly88 I actually like the payment Of 1400 as taxes are high in Houston Texas and surrounding counties. I just dont wont to be too disappointed when we have to lower the mortgage payment amnt due to inaccurate information.

    in reply to: Should I Pay Debt Or Keep Extra Savings? #67706
    ltooks
    Participant

    @Nelsont and @firsttimephilly88 I feel like my mc overshot the mtg payment I qualify for as my income is 52k and student loans monthly debt is 136 but my action plan only shows debt as 25.00. Not sure if im missing something with the way he came to the mtg pymnt of 1400.

    • This reply was modified 2 years, 1 month ago by ltooks.
    • This reply was modified 2 years, 1 month ago by ltooks.
    in reply to: Company Truck Driver #67705
    ltooks
    Participant

    Thank you very much response! I am very appreciative. There is not a lot of information on the web when it comes to truck drivers attempting to purchase a house.

Viewing 14 posts - 1 through 14 (of 14 total)