The Official Homeowners Thread

[GoFlipAPack]

So you will have mortgage for $56k? The I'm assuming you're going to do some work and get the property appraised? If that's the case, you'd have an appraised value of $156k, a mortgage of $56k. Most banks limit the loan to value (LTV) to 85%, so the most you'd be able to cash out is $76,600. [(156,000 * .85) - 56,000 ]. You'd also have a new mortgage of $132k.

If I were you, I'd look into owner financing.

Why owner financing?

 

[GoFlipAPack]

My boy said he wanted to by a crib when he got back to the states. I told him to buy the crib 1st before he got a new car. What did this mofo go out and do?












..............went out and copped a panamera nice car but he should have waited.

 

[Akae Beka]

Closing tomorrow on my 1st home y'all. It is/wassuch a BS process with what they requested and paperwork needed!!

I'm happy but seeing me pour my last 23k away, hurt

I'll be 60 by the time it's paid off

 

[UserNameless]

Walk around and inspect your property periodically... so often the rat race has folks running in and out and not really looking over their land ... but it’s important . You’d be surprised by the changes you might find in terrain , stuff insects and animals have done , vegetation that needs upkeep ,cosmetic issues that have popped up , neighbors infringing on property lines thinking you won’t catch it ... etc...

 

[5010]

Anybody have experience getting their lender to drop your PMI based on recent sales in your area?

A few recent sales down the block indicate I have at least 25-30%.

 

[OfTheCross]

Anybody have experience getting their lender to drop your PMI based on recent sales in your area?

A few recent sales down the block indicate I have at least 25-30%.

They're gonna ask you to pay for a new appraisal...

Which is worth the savings.

I didn't do it, though, cause I've done a bunch of unpermitted work and didn't want to raise suspicion

 

[Yinny]

Anybody have experience getting their lender to drop your PMI based on recent sales in your area?

A few recent sales down the block indicate I have at least 25-30%.

I’m a RE agent in NJ and I do these frequently for people trying to cancel their PMI. You have to request it they send someone out to inspect the home and draw up comps for your area.

 

[Capital Steez]

Looking to get a modern, newly renovated condo in 2021 in Chicago.

Hoping to land a 2 or 3 bedroom for about $315K max in an up and coming neighborhood like Bronzeville, Kenwood, South Shore, etc.

Was looking to do an FHA, I'm interested in maybe going the rehab route w/ that FHA rehab loan, but have heard it's pretty difficult to do.

Any advice or tips for a 1st-time homebuyer would be greatly appreciated.

 

[levitate]

Bona hardwood cleaning products with quite well...


Fairly inexpensive too...

 

[Akata Man Bromo]

Anyone have good sites for ideas to redo my whole back yard?

 

[Akae Beka]

Spoiler: 2020

 

[Petty Crocker]

I heard some noises across the street at my neighbor's house. I peeked out my window and saw that it looked like they were having work done on their fence

So I walked over and asked them if they could replace mine and for how much. I was quoted a great price and he said they could come tomorrow.
One less thing I gotta worry about.

 

[el_oh_el]

Just had to spend 400 for a leaky pipe and stuck item in toilet drain.
Not tripping too much, long as the shyt is fixed

 

[newarkhiphop]

any landlords in here?

pros and cons? advice?

thinking about buying a second house next summer

 

[Petty Crocker]

New fence is real nice. They did a great job. 10/10 would recommend.