Author Topic: Any mortgage experts on the forums?  (Read 14365 times)

Offline efflpetzel

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Re: Any mortgage experts on the forums?
« Reply #30 on: September 06, 2019, 08:43:33 AM »
Through a broker? Or direct by the bank?
Broker

Offline tzifanya54

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Re: Any mortgage experts on the forums?
« Reply #31 on: September 06, 2019, 09:38:26 AM »
Broker
Please PM details. I went back to the same guy I used originally, and he was saying 3.5-3.6.

Offline Pad18

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Re: Any mortgage experts on the forums?
« Reply #32 on: December 03, 2019, 11:59:09 PM »
Hi, does some know if the bank take in consideration debt-to-income ratio balance of a business credit card ? Or only of personal credit card ?

Offline ckmk47

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Re: Any mortgage experts on the forums?
« Reply #33 on: December 04, 2019, 03:13:28 AM »
Hi, does some know if the bank take in consideration debt-to-income ratio balance of a business credit card ? Or only of personal credit card ?
Dan always emphasizes that business cards are not.

Offline sillypainter

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Re: Any mortgage experts on the forums?
« Reply #34 on: December 04, 2019, 08:02:29 AM »
Dan always emphasizes that business cards are not.

Key is not if it's business or personal. Most business cards don't get reported to the credit bureaus, so if you have a biz card that does like Cap1 it will iof course count.

Offline Pad18

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Re: Any mortgage experts on the forums?
« Reply #35 on: December 04, 2019, 08:22:08 AM »
Dan always emphasizes that business cards are not.
Correct, I know that they do not reported on your credit profile.
Question is if someone know how the bank calculate, if they do somehow calculate business card balance or not.

Key is not if it's business or personal. Most business cards don't get reported to the credit bureaus, so if you have a biz card that does like Cap1 it will iof course count.

So it's not.

Do you know for a fact ? Or you assume ? (As me, and this is my question ..)
And yes of course speaking about cards that don't report to your credit.

Offline yelped

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Re: Any mortgage experts on the forums?
« Reply #36 on: December 04, 2019, 11:06:18 AM »
Cards that don't get reported on your credit report will not be counted. Personal experience. Had close to 100k that I was floating at the time on business cards, and all that mattered to the bank was the few hundred dollars I had on my personal cards.

Offline Pad18

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Re: Any mortgage experts on the forums?
« Reply #37 on: December 04, 2019, 05:19:20 PM »
Cards that don't get reported on your credit report will not be counted. Personal experience. Had close to 100k that I was floating at the time on business cards, and all that mattered to the bank was the few hundred dollars I had on my personal cards.

Thanks! Excellent info.

Offline yelped

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Re: Any mortgage experts on the forums?
« Reply #38 on: December 04, 2019, 06:43:30 PM »
Thanks! Excellent info.
Mazel Tov and much success!

Offline Mikeoracle

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Re: Any mortgage experts on the forums?
« Reply #39 on: February 27, 2020, 09:32:50 PM »
Since I see mortgage rates dropping, I got a quote today to refinance at 3% for 15 years (3.375% for 30 year). Fees around 1200 for closing and around 1500 for title insurance.
Am I missing any fees and is there anything better out there these days?
Lakewood NJ if that makes a difference

Offline stmark

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Re: Any mortgage experts on the forums?
« Reply #40 on: February 28, 2020, 10:21:53 AM »
Since I see mortgage rates dropping, I got a quote today to refinance at 3% for 15 years (3.375% for 30 year). Fees around 1200 for closing and around 1500 for title insurance.
Am I missing any fees and is there anything better out there these days?
Lakewood NJ if that makes a difference

Approved Funding in NJ - speak to Ari. He gave me a quote of 3.25% on a 30 with fees baked in. He said its 1.5% on a 10 year. and in the upper 2's for a 15 year in NJ.

Offline ltttc

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Re: Any mortgage experts on the forums?
« Reply #41 on: February 28, 2020, 10:29:12 AM »
Approved Funding in NJ - speak to Ari. He gave me a quote of 3.25% on a 30 with fees baked in. He said its 1.5% on a 10 year. and in the upper 2's for a 15 year in NJ.
Do you have his phone #?

Offline ltttc

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Re: Any mortgage experts on the forums?
« Reply #42 on: February 28, 2020, 11:13:15 AM »
Approved Funding in NJ - speak to Ari. He gave me a quote of 3.25% on a 30 with fees baked in. He said its 1.5% on a 10 year. and in the upper 2's for a 15 year in NJ.
Also, are these rates applicable on investment properties as well?

Offline Mikeoracle

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Re: Any mortgage experts on the forums?
« Reply #43 on: February 28, 2020, 11:41:54 AM »
Approved Funding in NJ - speak to Ari. He gave me a quote of 3.25% on a 30 with fees baked in. He said its 1.5% on a 10 year. and in the upper 2's for a 15 year in NJ.
can you send me contact info please ?

Online Jellybelly

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Re: Any mortgage experts on the forums?
« Reply #44 on: February 28, 2020, 01:59:55 PM »
Are rates expected to drop more now with the market tanking?