Closing on my first home. Advice for anyone with student loans in administrative forbearance per the Cares act: once your offer is accepted have you student loan servicer put your account back in repayment status.

Accounts in forbearance, even administrative forbearance, are calculated at a higher monthly payment by the underwriter.

My fictitious debt to income ratio was too high for them to approve me, and it took seven days for my loan to be officially back in repayment. So just a heads up.

like
Posting as :
works at
You are currently posting as works at

Yikes! Did you lose out on the home or are you still under contract ?

I'm good! And still going to close on time, thankfully.
But it seemed to catch everyone in the process off guard. I guess outside of Covid relief there aren't many context in which someone with a loan in forbearance would be applying for a mortgage.

like

Related Posts

What’s the fastest WI-FI provider in Austin? I have Spectrum abs it’s not fast enough for my house of 5

like

Where do first year associates / business analysts typically live in NYC? What’s a realistic rent budget?

like
like

What is the most difficult part of buying a home for the first time?

likehelpful

If I max out my traditional 401k and have a mortgage interest deduction to against my w-2 taxes does it mean I can pay way less taxes than a average person who makes same amount salary as me?

What’s going on with the stock market today?

like

Phone and Internet bills reimbursement claim in Grey HR. With this claim are we getting Income tax exemption or reimbursement of cost. Can someone clarify it.

like

Does anyone know the plan between the Chase Marriott card and the AMEX SPG?

Has anyone invested in a company that you know was initially started as a RollOver as a Business Startup (ROBS) or a ROBS holding?
I am looking at this as an incubator model to avoid interest payments and other forms of initial capitalization.
I understand the level of risk and the objections some have for ROBS.

like

What credit cards do you hold and which one do you recommend?

NJ market - Cousin of mine who has >500 rental properties advised that over next 3 yrs it’s possible for me to get 3 multi-fams if I buy 1 every year for next 3 years, by doing FHA on the first so 3.5% down and then doing less than 10% down on the next 2 if I do it right. Everywhere I read not seeing how that’s possible. can anyone explain pls? Is there a hack that after getting the 1st owner-occupied prop, I don’t have to put more than 10% down on 2nd home, and on 3rd??

like

Was just on a call with my mother who claimed someone helped her bought an investment target that has high consistent return (>25%) without loss to principal and low risk. Is this possible?

Am secretly freaking out because she doesn’t know what she bought. It is her own money but I wonder if it is my place to step in…

like

Plan is to purchase some time after 2 years or so. Primarily to save up for a larger down payment.

Here’s my plan of attack:
- $30K saved right now ($20K in IBonds and $10K cash)
- $90K saved by July 2023
-$130K saved by 2023 and target a $800K home

Location: Suburbs of Boston, MA

like

Program Manager Healthcare Foundation $85,000. Worth it? Or too low?

like

Hi Guys,
Need your advice. I have forgot to enter challan details while filing tax and then e-verified then it return with pay later option, though i had paid the income tax first first hand via pay now option.

Will i get outstanding demand plus need to pay penalty for late payment in this case?
Also when will i receive the outstanding payment notice if it happens?

What states have a big law market where I can get the most out of my dollar? Also currently work for CA firm, if I move to another state does the state tax rate switch to where I live?

like

Restarting my keto journey!! Lost about 5kg the first time I did it last year, then got lazy and fat and now want to lose 10kg!

like

Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

likehelpful

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

Does anyone have any book recommendations for information on buying a house?

like

More Posts

Hello fishes. What do you think is the average yoe times salary for Data Scientist roles. I am asking for people with less than 6-7 years experience.

like

Hey guys! Yesterday the company i worked for laid off the people in our state for economic reasons with no notice. I’m in desperate need of referral in entry level SWE/SD(or similar) positions at the moment. Any help would be greatly appreciated. Thank you!

like

Hello I’m looking for SDR/BDR roles and am based in Toronto, would anyone be willing to give me a referral or some tips on how to land a job for SaaS companies?

like
like

Does ZS revoke offer letter? I referred a friend, they got a generous offer as a SDE. But the HR is not responding since past 4 days to any call or email and the joining date is close.

Would really appreciate any suggestions.

TIA

like

Angel investors invest at the most risky time & take exit at the most lucrative time

That’s why they’re called angels, but why is it VC with the GOD complex.

like

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

Will internal transfer to Deals as A3 (2 busy seasons under belt)

standard promo in new group is 2 years staff.

Possible to make senior next year? (3 years at firm) or stuck staff lvl for 4 years?

like

What font and font size do you think is best for Outlook?

like

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

Big fan of this one. Not super bold. More velvety. Subtle leathery taste, hints of vanilla! I picked up a half case for 120, or $20 a bottle! I may actually buy more. 8/10 for price and taste. Very elegant.

Post Photo
like

This bowl is so dead y'all. Let's bring it to life 🎉 who's got fun plans this weekend?!

likeuplifting

Please help me in choosing which one to join for 5 yrs mainframe exp guy in terms of job security and WLB -
Current location Noida
NTT data - 15LPA noida (band 8)
TCS - 13 LPA kolkata (IT analyst band c)
Legato - 16 LPA Banglore (SSE)
Wipro - 14.5 LPA noisa (SSE)

please suggest!!!!!

like

Does anyone have a casebook from 2021-2022 with the latest industry overviews?

like

The lack of Canadian Big Law gossip and rants are disappointing. Do you all actually like your jobs!?!?

Any Canada Big Law firms throwing around retention bonuses again this year or are those days behind us? The work sure hasn’t slowed.

like

Hi,
I wanted to know the process how LMS convert the vendor resource employee to LMS payroll?

Can someone tell me what is TCS NON STP work location in Hyderabad

In my offer it's showing as NON STP Hyderabad

like

Oliver Wyman how is recruiting there right now..?

like

Do you feel that in SEO there are too many ways of conducting the same tasks. I have had a string of managers within the past year, it’s starting to get very annoying as each person says method A is wrong and B is right, another manager would have the complete opposite view. Have you had similar experiences when this practice and adjustment begins to interfere with client deliverables.

like

Additional Posts in The Real Estate Bowl

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

If I’m a Real Estate Agent buying my own property, can I negotiate the Buyers Agent commission to be 0% instead of being paid the buyers commission? Essentially converting what would be Income into Cost Savings for tax purposes?

like

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

We are renovating a condo and the previous owner had two Crane toilets (not sure how old, but functioning although seals are old according to our contractor). Back outlet flour mount ones are the only options for the building, and one toilet can cost $300-$500.

We are redoing all the bathroom tiles and walls and debating what we should do with the two toilets. Would resealing the toilets extend the use life? Or should we just replace the toilets? Any other recommendations? TIA!!

like

Is it common for HOA to ask you to prove your car registration is up to date?

like

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

Better mortgage vs. Rocket mortgage - anyone shopped with both and what swing your decision?

like

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

like

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

like

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

like

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?

like

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal