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[query] Is it a good idea to say a firm No due to medical reasons to a new night shift project I'm hired in?Accenture
I recently got a night shift project (2 days ago) that requires me to work from 10:30pm till 7:30am
I'm not comfortable with these timings and I'm thinking to ask my manager to put me on Bench (Due to medical reasons that involve mental health)
Is it a nice idea to say a firm No to a new project I'm hardlocked into, due to night shifts?
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McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte
#ClimateChange #Sustainability #Water #ESG
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This is a really good question for your real estate agent - they know all the ins and outs of mortgage loans and how to maneuver the process -
What's your location OP? You should run the numbers on how much you would be throwing away to the insurance over the yours before you are able to refinance. For a 5-600k home I think you are looking at 3-400/month so thinks at least 3 years of that and hoping that the house increases in value (god forbid it decreases) that's a LOT of cash. With a 20% down payment you protect yourself from going upside down with the fluctuations and then avoid all that bullshit insurance costs. It's hard as shit but I say wait it out (I'm dying to buy a house, just not enough for the down payment yet. Gotta wait it out)
@P1 shouldn't be an issue man. People get homes all the time with student debt. I know of two friends who had 150K in law school debt a piece and have two homes.
Just remember if you do an FHA you have to pay extra $$$ every month for FHA 'insurance'. It. can get a little pricey.
Ask a good mortgage broker. FHA are aimed at subprime borrowers. You can likely do much better on rate and still be in the 5-10% down range.
If you do a traditional loan you can have the loan insurance waived after you reach 20% equity. If you do an FHA loan then you're stuck with loan insurance for the life of the loan. Definitely more costly in the long run
Good to know we'll avoid FHA. We should get to 20% quickly, so will just have a temporary PMI.
I know for me I bought a home when I was only making 66K. No student debt though to your point.
Thanks everyone for your help!
If you're doing a 30 year very little goes to the principal at first. So it would take quite a while to get to the 20% point if you are coming in well below that and then you would have to refinance (can be quite annoying). You need to do more research.
I did an FHA and after paying so much got the insurance removed so don't shortchange the option @OP
^how long did it take? What % did you put down? Loan amount?
@E1 I put down 3.5%, it took me a year. I was paying extra principal. The loan amount was 75K (came up on steal, I live in TX).
Got it. Thanks for the info. It's a bit of a different situation here in CA 😒
@E1 oh my goodness. Prayers up bro/sis lol.
Find a lender that will pay the PMI. It's called LPMI and can sometimes save a good bit of $$$