Maikeru-sama

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About Maikeru-sama

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  1. Yes, due to the Economy Credit Card companies have been saddled with huge debt and are scrambling to limit their exposure. Also, they are scrambling to make changes before new Credit Card Legislation goes into affect. I disagree about getting rid of Credit Cards as this will firmly take you out of the "Credit Card Game" and will end up hurting you in the end. I believe everyone should use Credit Cards like Debit Cards, where you only spend what you have in the bank and you pay it off after it is reported each month.
  2. swtprncess281, where in Texas are you getting your house built? I just bought a house in Murphy, TX in July, so I was just curious.
  3. Like someone else stated, go with the Loan Officer who offers you the best product. Also, as a recent first time home buyer, I put alot of stock in "gut" instinct. If I felt my Loan Officer was not on my side, I would have went with another lender. Also, if one of the Loan Officers has history with a friend/family member, I believe that should weigh heavily in the selection process.
  4. Sofaithul, do you have a friends and/or family members that have a house? If so, have you asked them about the Loan Officers they used? My Loan Officer did my mother's loan a few years ago and that is how I found him. Like any industry, Real Estate can be very shady and I am a big fan of getting referrals from friends/family.
  5. Why would the Seller's Real Estate Agent not want the deal to go through? Odd.
  6. Like someone else stated, it really is none of their business. If you have a Loan Officer that is on your side and smart, they will not disclose too much information. During my negotiations with the Seller, the Seller's Real Estate Agent contacted my Loan Officer. The Seller's Real Estate Agent just wanted to "feel" out my Loan Officer and find out how "legit" my Pre-Qualification was. I got the house because we could close in 15 days and at this time, with all the intense scrutiny, it is rare to close that fast.
  7. Good thread. I am also curious about how to get into the 800s. I have been in the 760s-780s for several years. Unfortunately, it has gone down some because I just bought a new house and a ton of people had to pull my credit. I suspect that once my mortgage is about 2-3 years old, along with my Credit Cards being about 5 years old, it should go up. Not sure though.
  8. I went with Farm Bureau, but I am not sure if they are in Alabama. They were able to beat out Progressive and Farmer's. I switched from Progressive and with my HOI bundled with my Car Insurance, my auto decreased by 50%.
  9. Yeah, I will be getting a loan mower at some point. Right now, I have some more pressing things I have to get done. One problem in particular, I may be posting in the Off Topic forum to get some thoughts on it.
  10. Yeah, it is a LiftMaster. The instructions said that there is a "Learn" button on the Motor Unit, but I couldn't find it. I will google it tomorrow. The locks dont get changed until tomorrow, so it is pointless tonight anyway.
  11. Just wanted to thank the members that gave me advice publicly and privately about Homeownership. We closed the loan in 15 days and it literally came down to the wire as we closed at around 5 PM CST today. I just got back from the new house as I had to learn how the Water Sprinkler System and AC Control Pad worked and I needed to reset the garage door keypad (wasn't able to figure this one out yet). I spent the majority of the day at utility companies as the Seller had scheduled all the utilities to be turned off tommorrow. Homeownership is kind of a beating and I know one thing, Credit Scores are more important then ever. I would have paid hundreds more in deposits to the utility companies if I had bad credit. I'm still a little worried as im still not used to the fact that I own a house, but with time, I think it will all work itself out. I need to pull my scores from MyFico as my credit has definately taken a hit with all the credit checks and this new loan appearing at some point.
  12. Also, I agree with 2ndTimeAround. I am 30 and was laid off when I was 29 and it was honestly one of the best things that has happened to me. I wish that I would have gained the experiences I got from being laid off when I was in my early 20s. You learn quite a bit when being laid off and looking for a job.
  13. This happened to me recently. I worked for the lending arm of Centex Homes last year. We were suppose to be bought by another company, the deal fell through and I ended up Volunteering during the first round of layoffs even though I could have survived for an extra 3 months. I started my new job a few months later (October 2008) and as some of you know, I am closing on my new house next Thursday. Changing jobs didn't affect me at all. Changing industries didn't effect me as I went from the Private to Public Sector. My lender said that it would only be harmful if I was doing a total "career" change.
  14. Yeah, I mispoke. As you stated, I wouldn't have been able to do both. My REA wanted to wait to see what happened with the 2nd House before giving the Seller of the 1st house an answer. However, I told him I didn't want the 1st House no matter what happened with the 2nd House because I didn't want to do business anymore with the Seller of the 1st House. On another note, the Seller has agreed to fix 4 out of 5 things we asked him to fix and we will have the Warranty Company come out and fix the 5th issue, which isnt that big of a deal. The Seller is really hurting for cash. We suspect that he is going through a divorce and cannot afford to bring any money to the closing table. I tried to get him to close on August 1st so my first payment wouldnt be due until October but he said he needed to close at the beginning of July and it was a deal breaker if I couldn't do it. The guy just can't afford to pay another mortgage in July as he is living in an Apartment Complex at the moment. I just got back from my REA's Office and he showed me the Comps on the houses in that neighborhood and on that street square foot-wise. We got our house at $77 a Sqft and the average was around $85. We close July 9th and right now I am trying to figure out if I want to roll my Closing Costs into my loan or pay it out at Closing, which right now that is what I plan to do. I will have plenty of money in the bank but it will put my savings right at the level that I start worrying about. I have an excel spreasheet with about 10 sheets in it and one of the sheets has my entire budget for the next 20 months and in November 2009, my savings should be back to where it was before paying the downpayment and closing costs. By April 2010, I should have more money then I have every had in my account but budgets are just that, budgets.
  15. We had to move quickly because we were in danger of having legally binding contracts on 2 different houses which is highly illegal. I have no doubt that if we would have asked for at least $1,000, they would have given it to us, but I didn't want to get into a lengthy haggle as I had found a much better house in which the seller was highly motivated and gave me a $18,000 discount so I needed to move quickly. We just had the new house inspected today, nothing major, so the deal is proceeding nicely.