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Posts posted by UTPhil2006
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On 3/30/2020 at 3:37 PM, UTPhil2006 said:
10 year down .07 to .67. DJI up 690.
Also, we may start to see things tightening up as far as the low end of things from traditional lenders. If you're 680 and up, and a solid DTI, you're still for the most part set. If you're getting the fringe limits of DTI, they're gonna want more reserves (ability to repay), etc. Self employed will face a bit tighter restrictions. Nothing over the top quite yet, but just leaning towards stronger loans. If you've got a good stat line (good credit, good DTI, reserves/down payment) nothing to worry about as of now. And this is only one lender so far, but I'm willing to bet their stance starts to trickle down.
10 year finished the week at 0.58. Lenders still haven't really passed that on yet, so we're still somewhat in a holding pattern. Still good rates to be had but got to search for them and hope you time it right with the right lender on the right program at the right time of day/week
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COVID-19 Addendum: (The original form created by TR, #2520)
This form provides for a 30-day extension of the closing date in a residential sales contract if the closing cannot occur due to a voluntary or mandatory COVID-19 quarantine or closure.
Commercial COVID-19 Addendum: (Made available 3/31, #1952)
This form provides for a 30-day extension of the closing date in a commercial sales contract if the closing cannot occur due to a voluntary or mandatory COVID-19 quarantine or closure.
COVID-19 Lease Payment Plan Agreement: (Made available 3/31, #2227)
This form is intended to be used with tenants who are facing financial difficulties directly linked to COVID-19. This form enables the tenant and landlord temporary flexibility for paying rent and other sums.
Model COVID-19 Certification for Property Access: (Made available 3/31, no number)
This model form was created so that a brokerage can adopt for use when a potential buyer or other service provider will access the property for a viewing or other transaction-related service. -
18 hours ago, Gil Bang said:
So our brokerage (a really big one in SoCal) is now requiring that all parties involved in a showing/inspection/appraisal/whatever sign a release form for COVID.
This is in addition to the COVID addendum to our purchase contracts
Makes sense I guess.
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I really hope they're building up to something because these have been just bad
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19 hours ago, SA-KC_Horn said:
I'm already below 3.9, where's my participation trophy.
You get to level up to 15
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Winners: People who refi
Losers: People who don't
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1 hour ago, 2300 Nueces said:
I'm a builder in DFW. Contemplating dumping inventory to front run the flood of pre owned homes about to hit the market. Have loan conditions frozen for new home buyers?
As long as they have a strong stat line (good LTV, credit, DTI) they're fine. Now FHA (and all gov loans) are gonna tighten up pretty soon. By April 15th soon.
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1 minute ago, Hmbre97 said:
For someone with good credit (750+), what is the DTI limit for loans now?
Also, for first time home buyers programs in Texas, when does the 3 yr clock start to determine eligibility?
45% for conventional 50% for FHA. UWM (one of the bigger lenders) is at 40% DTI unless you have 3 months reserves, then its normal. Haven't seen anything from any other lenders yet.
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Lol at Madison "I've had a manicure that lasts longer than that"
Also Jenna is unncessarily petty
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4 minutes ago, TexasBeta said:
Perfect. I need this as well. Thx!!!Actually hang tight til tomorrow he said, they have some new software/system/something like that that the machine that does inspections won't work until April 1st (tomorrow)
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My dads Lambs Store at 183/Braker is open. Ask for Pat.
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3 hours ago, closetohumping said:
Shit I’m in Seattle. I wonder if it will happen here.
on Redfin I’m seeing a ton of back on markets and reductions
Construction is fine in Dallas/Houston/SA so I wouldn't necessarily follow anything Mayor Adler/Austin does as gospel
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2 hours ago, Celery Man said:
How are you single homies doing? My frame of reference is all fucked up since all I can think be doing is a rapid cycle of drinking until to blackout, waking up in a cold sweat panic, and starting again. For all my bitching about being slammed last week I’m counting my blessings that I haven’t gotten remotely bored yet and I’m getting enough socialization with my wife to not be going a bit weird. Thinking about you guys.
Boredom and no sports the biggest thing. But during the week I'm pretty slammed with Refinances and whatnot so not much different there. So all in all not bad at all.
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3 hours ago, Helobious said:
All the incredibly unnecessary (former) spending I'm seeing in this thread is making my head spin. Hope this is a wake up call for Americans.
It’s almost as if they’re acting like the Yankees
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No sports probably will save me easily $1000/mo all things included
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10 year down .07 to .67. DJI up 690.
Also, we may start to see things tightening up as far as the low end of things from traditional lenders. If you're 680 and up, and a solid DTI, you're still for the most part set. If you're getting the fringe limits of DTI, they're gonna want more reserves (ability to repay), etc. Self employed will face a bit tighter restrictions. Nothing over the top quite yet, but just leaning towards stronger loans. If you've got a good stat line (good credit, good DTI, reserves/down payment) nothing to worry about as of now. And this is only one lender so far, but I'm willing to bet their stance starts to trickle down.
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On 3/28/2020 at 2:54 PM, UT_OB1 said:
Thanks for the “don’t worry” upthread.
Does stimulus bill do much for owner/landlords? I don’t have any other employees than myself and my wife (and I don’t mean we are represented as employees) and we use contractors.
@troph has had pretty solid advice on the Surly owners thread so they may be who to ask better, but my initial thought is probably not
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Lil Joe Exotic?
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Based on those numbers you’re pretty set.
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15 minutes ago, Gil Bang said:
FHA has something called a streamline refinance. Pretty easy to lower your interest rate without an appraisal or anything like thatYeah he needs to get out of the life MI. 3.75 FHA to Conventional 3.5-3.75 Conv should be the goal.
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Claritin isn't as effective as Zyrtec for me. But moving out of Austin also helped as well.
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4 minutes ago, Steel Shank said:
We're at 64% LTV, 3.50% (30 yr) and both w/ excellent credit scores. Plan to be here a while. Any chance of improving on the rate? A 15 yr maybe?
That's pretty solid. If 30's got down to 3.0 or you were open to buying points to get it there it might work, but would probably need to be 3.0% on a 30 for it to make it worth your while. You can email me at the email address a couple posts up if you want me to take a look at costs to get to 3.0
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8 minutes ago, JesusSweatDuck said:
Can someone point me to a broker or bank that will return my calls? I have 3 houses I would like to refi (primary and 2 rentals) but can't get anyone to respond
Have you reached out to me? Can't think of anyone we've missed over the last couple weeks, but if I have I apologize. You can email me if we havent spoke though - pdubord@prodigymbo.com
MTV's The Challenge- Season 35
in Movies and TV
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Hey Wes and Bananas.. if you're gonna have a secret alliance, might want to keep up appearances that you still hate each other