glendazamot Tracker

Re: Can someone please help with this condition...

glendazamot — Thu, 16 May 2013 02:17:55 GMT

Sounds great. Thank you so much for replying, this is a releif that I wont have to actually go to court. : )

Can someone please help with this condition...

glendazamot — Wed, 15 May 2013 23:49:06 GMT

I have just been approved through manual uw! So super excited! But I need help with this condition:

They want proof from the court system that you do not receive or pay child support. Did you and your husband file a separation agreement with the court? They usually state whether child support is going to be a part of the divorce decree.

I was never married with the father of my two children. We do not have a separation agreement and he does not pay child support.
How can I obtain proof from the court system if we have never been to court about this?

Thank you for all your help!!! Cant wait until I move to my beautiful house! : )

Re: May Closers!

glendazamot — Fri, 03 May 2013 14:58:17 GMT

Purchase Price: $179,900
Property: SFH 1900 sq ft
Submitted Offer on: 04/27/2013
Signed Purchased Contract on : 04/28/2013
Type of Loan: 30 Yr Fixed
Loan Rate: 3.25%
Pre-approved: 12/28/2013
Loan Application submitted: 05/01/2013
Loan Approved w/Conditions:
Final Approval:
Appraisal Ordered:05/02/2013
Termite Inspection: need to order
Closing Date: 5/31/13

Re: USDA interest rates

glendazamot — Wed, 01 May 2013 17:40:23 GMT

Just locked in rate on Monday for 3.25% in NC.

Earnest money and showing proof

glendazamot — Mon, 29 Apr 2013 13:08:38 GMT

I'm freaking out here. I had gone under contract in a home, well that fell through too many problems with the property. Now I have just put in an offer on a new home. Went to the bank and got money orders for the due diligence and earnest money but I know underwritters will ask for bank statement showing withdrawal for earnest money but my next bank statement won't come out until 05/24 and my due diligence perios ends 05/20. I'm freaking out here. What else can I provide to show money came out of my checking account???

Re: Best strategy for modification

glendazamot — Fri, 19 Apr 2013 12:48:02 GMT

I can give you some info about this. I work at a Loss Mitigation department for a infamous mortgage servicer. LOL

I can tell you, if you are current with the loan and do not have a hardship DO NOT APPLY FOR A LOAN MODIFICATION. First of all, in order to be consider for a loan modification the loan must be 60+ days behind. On top of that, if you fall 60+ days behind but can not prove a real financial hardship then it's useless. You will be denied. Other than that, most people think that modifications are great. Well, they are not. Modifications add everything that is past due (fees, past due installments, and more fees) to the principal and in most cases extends your loan. I don't really think you want that. Don't get me wrong, modifications are great for ppl that really went through a financial hardship and have no other way of retaining the property. So my advise, if you are current try to refi. You can try to refi through the HARP program if the value of the property has declined. Good luck, hope that helps!

Re: Questions about USDA financing. Is mortgage insurance required?

glendazamot — Thu, 18 Apr 2013 16:42:04 GMT

Yes this is normal. I am going the USDA route as well and I did have to write a check for the appraisal however my broker said if we are able to close the loan they won't cash (yay!). About the MI, at first I thorugh USDA did not have it so when I saw that in the docs I researched it and found out that yes USDA is now having a MI. Hope that helps.

Re: One Thread for Lower Mortgage Approvals.

glendazamot — Mon, 15 Apr 2013 18:53:59 GMT

Credit Score, 665, 654, 672 - They Used my mid, 665

Type of Loan: USDA

Lender: NationStar

Rate: 3.5

Term: 30 years

List Price: $149,900

Contract: $148,000

Down Payment: Exactly 0%

Seller's closing contribution : $3,500

Appraisal: 149,000

Re: What are you waiting for today ????

glendazamot — Mon, 15 Apr 2013 13:36:28 GMT

Same boat here. Waiting to hear if I am done with my 1st round of conditions, the way this is looking I expect a 2nd round. We will see. :smileyindifferent:

Re: How hateful can a landlord be?? fustrated

glendazamot — Thu, 11 Apr 2013 15:12:45 GMT

Update:

Just heard back from my broker. They were able to talked him into sending the form again with no comments since I did not make any of my payments 30+ days late. These ppl are wonderful! :smileywink:

Re: How hateful can a landlord be?? fustrated

glendazamot — Wed, 10 Apr 2013 20:04:17 GMT

:smileysad: I will try this letter.. thanks so much for the replies!!

How hateful can a landlord be?? fustrated

glendazamot — Wed, 10 Apr 2013 19:00:42 GMT

So, turns out one of my conditions for my loan approval is a rental history. My previous landlord had to fill out the verification of rent form. I rented his house for 2 years and always made my payment by the 15th but his payments are considered late after the 7th. In the verification of rent form asks how many payments 30+ days past due and he indicates 0. But then makes a note that I was always late with my rent. What??? He refuses to send the form without his comment, my broker is trying to contact him but he is just hateful..... I think I'm giving up....

Re: CONDITIONAL APPROVAL!!!

glendazamot — Wed, 10 Apr 2013 17:08:57 GMT

Good luck!

I got a conditional approval as well two weeks ago, all the conditions have been met except rent verification. I had two different landlords and I paid them with money orders. I have been stressing about this so much!

Re: Verification of rent, could I be denied for this?

glendazamot — Tue, 02 Apr 2013 01:32:02 GMT

Yes I went through my bank statements and I am able to show the withdrawls but can someone please help me write a letter of explanation without making seem irresponsible on my part not to keep the receipts of the money orders... Please!! I am so scared my loan will be denied for this. My broker at first had told me at first that the lender wasnt going to ask for rent verification if my credit score is above 640 and its not (its 665) but apparently they are asking for it.

Sorry for the typos - on my iphone.

Verification of rent, could I be denied for this?

glendazamot — Mon, 01 Apr 2013 20:49:49 GMT

So today I got my conditional approval, have submitted all of my conditions except this one. The problem, I have been paying with money orders and and I have not been kepping copies of the receipts ( I know, I dropped the ball with this one). Now, can my loan be denied simply because I can not provide a copy of the receipts?

Re: new inquiries question

glendazamot — Fri, 29 Mar 2013 12:16:44 GMT

I did mine with Geico insurance and they did a soft pull not a hard inquiry.

Re: In Underwriting..so worried/nervous :(

glendazamot — Tue, 26 Mar 2013 13:11:58 GMT

I too am in underwriting, LO says they should be receiving an answer soon. Any idea how long it can take?

Going crazy, what is the sellers won't pay for repairs? :( please advise

glendazamot — Fri, 22 Mar 2013 14:01:46 GMT

Ok so recently I put in an offer on a house. Inspection was done and it turns out there are three major things that need to be done. House need termite treatment (termites were found in a small storage room on the back of the house), septic tank need maintanance and HVAC system in the 2nd fl needs repairs. There are a lot of other little things that I am not worried about but these are major repairs. The seller put in the contract he is selling property "as is" makes no repairs but I am paying the exact amount that he listed the house for. I am waiting for an answer right now. My agent says she thinks he will pay since these are things the seller is now required to notify the next person that tried to buy the home, but she says if he won't I can walk away and only lose my due diligence money which is only $100.00 but I would have to pay out of pocket for all the inspections which add up to about 900$. If the seller walks away, is it really worth it to have this fixed instead of walking away? I am still lossing about 1k if it happens... advise would be appreciated.

Need to buy appliances, need advise

glendazamot — Mon, 18 Mar 2013 19:56:21 GMT

Hello forum ppl!

I am currently under contract on a home! I am looking into buying around 3k work of appliances and want to take out some type of credit to pay for at least half. I was thinking about a Lowe's card or Sears but I'm kind of concern with the interest that will be charged. I currently only have a capital one card for 400$ (0 balance) and I'm an authorized user on my mom's Walmart's credit card 2500.00 (350.00 balance). Would you guys recomment applying for a store card ??

Question about bedrooms without permit and appraisal

glendazamot — Wed, 06 Mar 2013 01:13:17 GMT

I just put in an offer for a house that has two bedrooms upstairs that are not permitted. The previous owner finished these two bedrooms making the house a 5 bedroom instead of 3. Now when the appraisal gets done do they include these two bedrooms and the sq ft even though is not permitted? Sorry if the question sounds a little confusing. Thanks, you guys are great here!