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Inspection and sewer scope done, this place honestly keeps getting better. The whole crawlspace is encapsulated, tight but don't have to drag myself over plastic and dirt to reinsulate the ducting. The roof penetrations need some flashing work, especially the chimney but everything in the attic was dry as a bone despite some rain over the past couple weeks. Even had lights, flooring and didn't stink like rat turds! Biggest issues besides the roof flashing and adding insulation, we need to rewire the whole house (built 1959, GFCIs in the bathrooms and some random grounded outlets but two prong plugs throughout the rest), and replacing all the siding some time in the near future. Metal flashing was install at the bottom of siding to step over the foundation but the flashing has warped and leans into the house. This was the first thing I noticed when walking around the house but the eaves have good overhangs and the siding is in good shape for the most part, definitely a priority though. All costs we prepared for prior to making our offer. I swear the only thing I'm dreading about this place is they painted over wallpaper in one of the bathrooms, pretty sure I'll just say screw it and rip all the drywall out. That'd be a good time to replace the shower surround though...and cabinets and counter top...we're going to need more money...
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Oct 13, 2019 00:32
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gtkor posted:Generally speaking, the only scenario on a conventional (Fannie Mae or Freddie Mac) backed conforming loan that a lender would ask to verify more than current funds to close balance is if you are using an asset that requires liquidation. Stocks, Bonds, Mutual Funds, 401k/IRA etc, all require proof of liquidation if the balance is less than 120% of the funds to close total. Thanks for all this, that's weird since the only thing I should be on the hook for is the funds to close and the taxes/insurance since those are due the next month. I'll ask it. Having all this cash in one account I'm saying why oh why am I buying 
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Oct 13, 2019 02:10
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Finally ready to refinance and this is the e-mail I just got:quote:I will ask but I am not doing this back and forth. If I get 3 than you go with me and that is it. Sorry to be blunt but this is not a game. I need in writing they offer 3.0 zero points lol
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Oct 13, 2019 19:57
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Residency Evil posted:Finally ready to refinance and this is the e-mail I just got:  on breaking their spirit.
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Oct 13, 2019 20:11
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I played some back and forth between two people on our refi, one of whom (Bank of America’s guy) was insistent he would absolutely match any thing no problem. Email us once or twice a day to say “have you decided to go with us yet?” I sent him the loan estimate form and he went completely radio silent, except for the spam emails I get from BoA with his name on top. Tee hee.
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Oct 13, 2019 21:07
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Residency Evil posted:Finally ready to refinance and this is the e-mail I just got: Wow that's a dank rear end rate though!
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Oct 14, 2019 19:24
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Residency Evil posted:Finally ready to refinance and this is the e-mail I just got:
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Oct 14, 2019 20:37
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EAT FASTER!!!!!! posted:Wow that's a dank rear end rate though! Dik Hz posted:You know you're getting a good deal when the sales guy starts getting salty about it. Yeah I'm finally doing it. 3% on a 15-year fixed seems pretty good, and better than the 10/1 ARM I got a year ago at 4.125%. I actually went with the OTHER bank (not the one that sent the salty e-mail) because gently caress that guy for thinking he's doing me a favor. (And because 5/3rd was like 1.5k-2k cheaper in closing costs).
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Oct 14, 2019 21:49
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Residency Evil posted:Yeah I'm finally doing it. 3% on a 15-year fixed seems pretty good, and better than the 10/1 ARM I got a year ago at 4.125%. I actually went with the OTHER bank (not the one that sent the salty e-mail) because gently caress that guy for thinking he's doing me a favor. (And because 5/3rd was like 1.5k-2k cheaper in closing costs). You could burn it down by sending him the loan estimate with the little "LOCKED" checkbox on it. Buy the Land Rover.
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Oct 14, 2019 21:53
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H110Hawk posted:You could burn it down by sending him the loan estimate with the little "LOCKED" checkbox on it. lol quote:Buy the Land Rover. Unfortunately garage space being what it is, the backup car that sits outside in the weather needs to reliably take my wife to work 40 miles away. 
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Oct 14, 2019 23:32
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My realtor asks me this weekend about a commitment letter from the mortgage company. I don't have one or anything that really looks like one. She talks to the mortgage person and they say they sent it a few weeks ago. I don't have one or anything that really looks like one. Holiday weekend and my mortgage person is on vacation until the 21st, and the commit date is the 17th. E: maybe I just found something that looks like a commitment letter from a few weeks ago in an email with neither the CU name nor the mortgage person's name associated with it (and thus not coming up in my email searches). We'll see if that's good enough! E2: Nope! carticket fucked around with this message at 00:01 on Oct 15, 2019 |
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Oct 14, 2019 23:52
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Residency Evil posted:lol This is why we're in the home buying thread.
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Oct 15, 2019 00:16
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Not an edit 3: My mortgage person emails me stuff, I get automated emails on loan status, there is a website storing documents that have been esigned, but up until a few minutes ago, I did not know there was a fourth way for me to receive information. On the CU website, there is a loan status burried in the account info. Apparently that was good enough for a commitment letter (not the first thing I found, but a second thing I had found). Also, the appraisal came in $9k over. Huzzah, now I've got 13% equity. (I know it doesn't really work quite like this)
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Oct 15, 2019 00:25
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Residency Evil posted:Finally ready to refinance and this is the e-mail I just got: Who are you looking at? I'm looking for a refi too and offering a referral might help your deal lol
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Oct 15, 2019 00:26
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Tunicate posted:Who are you looking at? I'm looking for a refi too and offering a referral might help your deal lol I'm going through 5/3rd bank.
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Oct 15, 2019 00:36
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Mr. Powers posted:Also, the appraisal came in $9k over. Huzzah, now I've got 13% equity. (I know it doesn't really work quite like this) Just ordered our appraisal. How does this work?
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Oct 15, 2019 00:37
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A bank is going to consider the lower of the purchase price or the appraisal for equity or down payment needed
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Oct 15, 2019 00:39
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Debated posting here or the insurance thread. Just got contracts locked down for selling in TN and buying in OR. Planning to self move across the country with a uhaul truck. Anyone have experience or advice on best insurance methods to cover driving ~2400 miles with tens of thousands of dollars of belongings? I'm planning to call USAA tomorrow and see what they have to say or offer. I doubt my Chase CC will cover belongings insurance on the trip.
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Oct 15, 2019 22:02
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Further commitment letter talk: I double checked with my realtor about what I sent last night and she made it sound like it's obviously not what we needed even though her email last night said otherwise. Called the CU and left a message for the person filling in and they didn't even call back, just sent the document titled MORTGAGE LOAN COMMITMENT which is definitely not something I had ever been sent nor something I had ever signed. We're good now. Just need to get insurance and movers.
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Oct 15, 2019 22:42
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tangy yet delightful posted:Debated posting here or the insurance thread. Uhaul sells content insurance but it’s very limited to certain accidents and only pays ACV. What sort of loss are you looking to cover?
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Oct 16, 2019 02:04
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skipdogg posted:Uhaul sells content insurance but it’s very limited to certain accidents and only pays ACV. I suppose that optimally it would cover any accident (my fault or not) or fire or theft. Do you know any non-legalese on how uhaul would derive ACV (actual cash value)? Obviously replacement value would be better but if ACV isn't some bullshit like my computer has 10% value left and so on. Unless you mean value of loss in which case I could probably do some estimating but standard all wordly possessions stuff with a ton of expensive kitchen stuff and electronics (although I think my wife might just fly with most of her cameras/lenses).
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Oct 16, 2019 03:40
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The U-Haul plan doesn't cover theft. (collision, fire, windstorm, rollover) Not an insurance expert but Actual Cash Value is almost always bullshit. I've always paid for replacement cost coverage on my insurance policies. You might have better luck in the insurance thread. I'm not sure how to cover your specific scenario.
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Oct 16, 2019 05:33
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I'll crosspost, thanks!
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Oct 16, 2019 06:29
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Mortgage signed, obviously had to be done in person in the suspiciously plush bank. Half fixed for 10 years at 1.2%, a quarter for 5 years at 0.95% and then a quarter variable rate. The notary was actually cheaper than expected at 2.8% of the sale price. I've been looking for a nice dining table and bench made from old wood. Ludicrously expensive here so I've found a place in France that's more reasonable... Except the delivery costs are €1300 + 21% VAT. gently caress.
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Oct 16, 2019 11:24
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knox_harrington posted:Mortgage signed, obviously had to be done in person in the suspiciously plush bank. Half fixed for 10 years at 1.2%, a quarter for 5 years at 0.95% and then a quarter variable rate. The notary was actually cheaper than expected at 2.8% of the sale price. Time to take up a woodworking hobby
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Oct 16, 2019 13:54
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So a house a few doors down from me just went on the market recently and I happened across the Zillow listing and read this at the end of the description. Home may be under audio/video surveillance. Now, I can understand if it said home comes with audo/video camera system, as in, cameras watching the house, hell I've got a few cameras around my house. For it to specifically say it may be under audio/video surveillance though, wtf could that mean?
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Oct 16, 2019 15:40
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mattfl posted:So a house a few doors down from me just went on the market recently and I happened across the Zillow listing and read this at the end of the description. In most (all) areas I'm aware of it is illegal or at least not allowed by some RE ethics (?) to have A/V recording during people visiting your home as potential purchasers. But maybe if you say you are doing it then it's fine? It's probably bad because you could easily use a system like that to discriminate based on physical appearance.
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Oct 16, 2019 15:47
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Probably that there will be recording equipment in the house while it’s being shown. Realtor gave us a heads up when we checked a few places out that whatever we say might be heard by the seller
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Oct 16, 2019 15:48
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tangy yet delightful posted:In most (all) areas I'm aware of it is illegal or at least not allowed by some RE ethics (?) to have A/V recording during people visiting your home as potential purchasers. But maybe if you say you are doing it then it's fine? zelah posted:Probably that there will be recording equipment in the house while it’s being shown. Realtor gave us a heads up when we checked a few places out that whatever we say might be heard by the seller Ya you guys are right, a quick google search shows this is a new thing to do for sellers and that realtors are coming up with some standard way of letting buyers know it's happening.
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Oct 16, 2019 15:56
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mattfl posted:Home may be under audio/video surveillance. Wiretap laws make clear notice of recording equipment mandatory for times where there is an expectation of privacy - such as in a seemingly empty home you are a guest in. It also deters would be theives if it's not occupied. This is an easy way to say there was notice. It's doubly important in 2 party states.
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Oct 16, 2019 16:04
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So, now that I'm on to the next phase, how do I start with home insurance? I have auto (and apparently still have HO6 for my condo that I haven't owned for 6 months) with Progressive currently, but I wasn't all that happy with their HO6 rates after they changed underwriters. I don't want to pay an absurd amount but I don't want to spend forever shopping around. I know there's an insurance thread, but I looked in there and I still feel like this is the better place to ask.
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Oct 17, 2019 00:40
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Mr. Powers posted:So, now that I'm on to the next phase, how do I start with home insurance? I have auto (and apparently still have HO6 for my condo that I haven't owned for 6 months) with Progressive currently, but I wasn't all that happy with their HO6 rates after they changed underwriters. I don't want to pay an absurd amount but I don't want to spend forever shopping around. I know there's an insurance thread, but I looked in there and I still feel like this is the better place to ask. Find a local independent insurance agent in your area with good reviews. Call them up and have them get you a quote. An independent agent can quote like 30 or 50 companies at once and you the best rate (probably). Don't waste your time getting quotes directly from insurance companies online.
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Oct 17, 2019 00:52
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skipdogg posted:Find a local independent insurance agent in your area with good reviews. Call them up and have them get you a quote. An independent agent can quote like 30 or 50 companies at once and you the best rate (probably). Don't waste your time getting quotes directly from insurance companies online. Done. Didn't call them because it's 8PM, but I used the online contact form, and I'm going to try to go to the office on my Off-friday. Also going to try to get movers to estimate the storage unit move.
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Oct 17, 2019 01:04
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You shouldn't need to visit their office. You'll get a call asking for some extra info and they should promptly get back to you. If they don't it's a red flag. edit: very cool visit away skipdogg fucked around with this message at 01:26 on Oct 17, 2019 |
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Oct 17, 2019 01:21
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skipdogg posted:You shouldn't need to visit their office. You'll get a call asking for some extra info and they should promptly get back to you. If they don't it's a red flag. I want to visit so we can talk about auto, umbrella, and future "classic car" type policy in addition.
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Oct 17, 2019 01:24
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H110Hawk posted:Wiretap laws make clear notice of recording equipment mandatory for times where there is an expectation of privacy - such as in a seemingly empty home you are a guest in. It also deters would be theives if it's not occupied. This is an easy way to say there was notice. It's doubly important in 2 party states. There is no objective expectation of privacy when touring someone else's home even in two party or all party consent states. You should expect that the sellers are recording you when touring a home for sale.
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Oct 17, 2019 02:11
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Now I'm picturing someone is going for a quick sale to flee because the fuzz is onto them.
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Oct 17, 2019 02:19
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lampey posted:There is no objective expectation of privacy when touring someone else's home even in two party or all party consent states. You should expect that the sellers are recording you when touring a home for sale. Seriously.....in what jurisdiction would this have the slightest expectation of privacy? And you're not a guest, you're a potential client. Don't get confused about how a home turns from "a personal space you can be invited" to "an item you are evaluating that is up for sale" when you are showing up as a potential buyer.
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Oct 17, 2019 02:46
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lampey posted:There is no objective expectation of privacy when touring someone else's home even in two party or all party consent states. You should expect that the sellers are recording you when touring a home for sale. This may be another case of the people's republic of California being different - our laws include places where a reasonable person would believe that a conversation is private, even in public / semi-public spaces. If a house is unoccupied at the time of the visit a reasonable person could argue they believed that they were having a private conversation. The problem is that reasonable people are assholes. It may simply be easier to give notice than risk the lawsuit.
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Oct 17, 2019 04:09
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Hell yeah I own a house now.
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Oct 19, 2019 01:31
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