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Posts posted by UTPhil2006
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You are correct, VA is 0% down with no MI. Seller can certainly help with closing costs as well (title, to be negotiated by your Realtor, which we can be and assist you with as well). Credit score would be the other main qualification which as long as your 650+ (in most cases) and income requirements (Debt to income ratio) as well as making sure you are eligible for a VA loan (which it sounds like you are) via https://www.benefits.va.gov/HOMELOANS/purchaseco_certificate.asp
As far as sellers not liking VA loans, it just really depends. It just is less wiggle room when the appraisal comes. In a multiple offer situation they may choose a different loan because of stronger qualifications (higher earnest/option money, cash down, etc) but can't really speak to sellers across the board not liking them -- case by case basis.
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1 hour ago, Fastbreak said:
I just did my 2nd refi with Phil and Prodigy. I am probably a worst case scenario, I live outside of the US (in a country that basically has a 1/2 page yearly income statement), have limited US income, had a high credit to asset ratio and have a condo that is a rental unit -- but the guys got it done.
Thanks! No more CC debt!
That's right people - Prodigy Mortgage is worldwide bitches! Thanks for the kind words, glad we could take care of you again!
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On 5/4/2018 at 10:13 AM, FigurelliPwC said:
Thanks Phil, that is exactly what my lender quoted so that makes me feel better. He suggested we go with the 30 and just make extra payments if we want to payoff sooner.
Yep that makes a lot of sense. You can always pay the 30 like a 15 and have that cushion if something comes up. Especially in this case where the rates are almost the same.
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59 minutes ago, Mez2 said:
I don't miss you that much. You're the reason we lost
I was warming up in the pen. They chose Peacock
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3 hours ago, ChickenSandwich said:
Phil helped me with my home purchase last year. Happy satisfied customer.
Thanks man!
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4 hours ago, FigurelliPwC said:
Phil - what do current rates look like in Austin for a 15yr fixed 2nd home (rental property). 740+ with 20 or 25% down. Conforming loan.
5.0 on a 15 and 5.25 or so on a 30. Our rate sheets don’t like the 15 year inv route apparently
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Me and ldogg are at mini Luckys. Mez is not here.
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10 hours ago, Mez2 said:
I miss your smell
You can see me at the game today or happy hour with my sister after. McIntyre’s or Cottonwood.
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7 hours ago, vicerous said:
Thanks for the info Tx/Phil, that's about what I had assumed. Stubborn MIL is despondent about the house - It needs a roof and some other things and she's completely overwhelmed. Needs the cash sooner rather than later but I'm trying to get her to listen to reason/talk to an actual realtor so she at least knows where she stands.
Yep we’ll for sure give her a call today to go over things.
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Yeah they’re definitely going to lowball you.
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<--- Resource. We do Mortgages and Real Estate and have done 500+ Surly/Shaggy members homes. I can definitely help you and walk you through the entire process. You can always email me at pdubord@prodigymbo.com (Mortgage) or phil@reihomerealty.com (Real Estate) at any time with any questions. Where are you located?
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40 minutes ago, Ldogg53 said:
You are such a whore.
You know you miss me.
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2 minutes ago, next2naus said:
I just closed yesterday, 4 checks and 50 minutes of passing paper and signing my name
Did they say how they finally found the paperwork that should have taken 5 min to find?
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Anybody buying or selling or refinancing up in the GOOF? It's about time we had another Cottonwood HH
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May TOTM - Texas Hottie - Cabbage slaw, Texas Hot chicken tender, chow-chow pickled relish with a drizzle of chipotle sauce and honey & cotija cheese on a flour tortilla.
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Anyone going to the day game Thursday?
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Fried Crawfish
Crawfish PoBoy
Crawfish Scampi
Get drunk and eat the rest today
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On 4/25/2018 at 1:34 PM, UTPhil2006 said:
Passed 3.00 for the first time since 2013 sitting at 3.03 currently.
Got about 10 points of it back. Hopefully keeps sliding back down, especially with the housing market really about to heat up for Summer season
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Land of the Lost
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On 4/20/2018 at 8:42 AM, UTPhil2006 said:
Back up to 2.90 area. Basically we go up to around 2.95 then down to 2.75 and hover in between in the interim, at least that's how it's been for about the last 90 days for those that have asked about rates or the future of rates.
Passed 3.00 for the first time since 2013 sitting at 3.03 currently.
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Baseball America with us as the 12 overall seed matched up with Ole Miss at 5. Aggy as the 2, DBU as the 3, Wright St as the 4.
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Would love to be the realtor on that transaction. Damn.
All Encompassing Mortgage and Real Estate Thread
in 6th Street Journal
Posted
Guessing Austin because of teaching in AISD. Good info on the minimum standards and DD214