Re: Off Topic Bullsh*t Thread Volume XX

[socalrappy700]

Nice one!  So do you have to call the credit union after you hear back from him?

[Peelz]

Nice one!  So do you have to call the credit union after you hear back from him?

I will probably have to go down there with a written deal.

[socalrappy700]

Nice one!  So do you have to call the credit union after you hear back from him?

I will probably have to go down there with a written deal.

taking tomorrow off to get it all done?

[Peelz]

Nice one!  So do you have to call the credit union after you hear back from him?

I will probably have to go down there with a written deal.

taking tomorrow off to get it all done?

As soon as he writes up an offer, damn right. I did when I bought the last toys. Or at least part of the day. :grin_nod: we'll call it  "personal time"

[Flynbyu]

Randy, check this out.

Link: http://www.hud.gov/buying/loans.cfm

There's a lot of good information on the site. I would recommend an FHA loan your first time out. The qualifications are much easier than conventional financing. Above the picture, there's information by state.

~Brian

[socalrappy700]

He would still need 3% or 5% down for fha right?

[Krandall]

Randy, check this out.

Link: http://www.hud.gov/buying/loans.cfm

There's a lot of good information on the site. I would recommend an FHA loan your first time out. The qualifications are much easier than conventional financing. Above the picture, there's information by state.

~Brian

Thanks, I'll do some reading.

[Peelz]

Our first was FHA, worked out great everything included. Ins, prop taxes...everything...and at a fixed rate! And a minimal down payment.

[Flynbyu]

He would still need 3% or 5% down for fha right?

Correct.

Much less than a conventional loan. If your credit file is limited, it is the best way to go.

$100,000 home = $3000 down. Closing costs CAN be financed in. Rates are still typically low for FHA loans. Once you get the loan, give it a couple of years and evaluate refinancing.

~Brian

[Krandall]

from my reading, sounds like FHA is the way to go for me. Now I just need to find a lender around that I can talk to.

ugh. I don't like talking to people... I hate being uncomfortable.

[socalrappy700]

from my reading, sounds like FHA is the way to go for me. Now I just need to find a lender around that I can talk to.

ugh. I don't like talking to people... I hate being uncomfortable.

Again..

Rinse, wash and repeat.

[Krandall]

.... yea yea yea.. sory, this is my first time.

Is a realtor needed or more just handy to have?

[LittleBuddha]

from my reading, sounds like FHA is the way to go for me. Now I just need to find a lender around that I can talk to.

ugh. I don't like talking to people... I hate being uncomfortable.

Again..

Rinse, wash and repeat.

Oh that brings back memories...   

[LittleBuddha]

I'm doing a refi right now.  I paid a point to get 4.75%.  Plus I got rid of my heloc so now I can get a sand rail.   

[socalrappy700]

.... yea yea yea.. sory, this is my first time.

Is a realtor needed or more just handy to have?

If its a good realtor they are great to have.  They can really watch out for you throughout the deal.  But make sure they know contracts and what you should and shouldn't pay for.  They will also help determine your offer a house and help with searching for properties if you are still looking.