How do you know if it’s better to go with a wholesale lender or a retail lender. I was quoted 6% from wholesale lender and 5.65% from boa with 10k down payment assistance and 7500 closing cost credit. Just by comparison BOA sounds better but I’ve heard of horror stories about hidden fees and longer processing time with retail but wondering if anyone has any input or advice on how to choose who to go with when picking lender

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

Who is the lender with 5.65

like

BoA

like

What is down payment assistance?

Yes this is correct it is under 175k I believe and might be area dependent

7500 closing points seem quite expensive to me. I just paid 1325 with a 6% rate.

Go with boa but manage your timeline and your commitment letter....if they need March statement, provide all pages, even if it's blank...nothing worse than calling a borrower asking for page 7 of their statement....it's all in the details.

Related Posts

I’m prepping someone’s tax return who I see everyday on tv. It’s kind of cool being privy to a celebrity’s confidential financial information. 😁 I’ve also prepped a famous athlete and actor last week.

likeuplifting

What is the *prime* amount of money to bring you happiness?

like

How much I can expect monthly take home salary. I pay rent 1LPA,1.5 LPA 80c. Any suggestions to minimize the tax deductions?

Post Photo
like

Hi Fishes !
What are your thoughts about investing in reliance power for long term !
I'm a newbie in stocks .
Any suggestion will be appreciated !

How many of y'all have trust funds? What'd you do with the $$$?

like

So, Partners... What's your spending breakdown like? Curious to see what expenses y'all have. # of yrs as Partner may also help.

Thanks for sharing! Again, just for fun and curiosity.

likehelpfulfunny

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like

What’s the most you would feel comfortable spending on rent in BH/WeHo for a 1bed at $250k TC and no debt?

likesmart

Best and worst cars you’ve ever owned?

Finished Stern interview and think I have a good shot of getting in. Trying to determine if 200k is worth it for an EMBA? The debt scares the shit out of me. Thoughts?

like

What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

like

Do we have tax calculator in tcs

like

Has anybody invested in Yamuna gaur city or planning to do so?

like

Any thoughts of investing in gold or gold related instruments?

like

Can one become financially stable after being discharged from the military?

like

Hey investors - question from the other side: when you’re looking to invest, what are the biggest components you look for?

like

Just uncovered my Binance account from 2018 with shitcoins (doge, trx, bnb) now worth $3k. What would you do? Can I transfer them for free to a platform that is easier to navigate than Binance?

like
like

Does anyone think there is long-term viability in Cryptos?

like
like

More Posts

Late Friday after a tough week and the hubs calls from the deli to ask which fancy cheese you’d like. 😍

like

Does anyone have a spare bunny day lamp and bed recipe??? That's all I'm missing :( I have an extra wardrobe!!!

like

Mimi.. what an amazing movie!! A mainstream indian movie worth watching after such a long time.

like

How to track my BGV in Natwest. I have submitted all the documents. How to check my current status? I received link from First Advantage. I have submitted documents.

like

Anyone tried meditating and found it helpful to deal with work stress (or just stress in general)?

like

So I'm an older student with 10+ years of career experience. I am trying to update my resumes, yes plural, because I have experience in many industries. My biggest struggle right now is keeping my skills list concise for Marketing Analyst. What is an appropriate number of listed skills for both hard and soft

like

Just curious - What is a ballpark estimate of in hand salaries for people with around 5+ years of work ex and an MBA degree(Tier 1 college) in India?

like

Hi! I am a BSN RN with 16 years experience, working in hospital setting day surgery PACU in oklahoma. Just want to know if $40 / hour is a comparable rate to other RNs In my area with same years of experience. Please help

like

What is the potential contract rate or full time salary for a python full stack developer in Toronto ?

like
like

Hi all,

I am joining Natwest Group in July 2022 and as per my agreement with HR and manager, I will be working from office after 2 months of joining (from September onwards)

My question is how will my onboarding be online or I have to be in office for onboarding process.

Your help is highly appreciated

like

Hi Guys, Can you please tell me which tech stack is better :
Gartner : Azure Synapse analytics and Azure Data Factory
Dunnhumby - PySpark and Airflow

Salary is same in both of them.

like

LinkedIn has to end

Post Photo
funnylike

How much I can expect monthly take home salary. I pay rent 1LPA,1.5 LPA 80c. Any suggestions to minimize the tax deductions?

Post Photo
like

Hi, I’m pregnant and interested in lateraling in LA after my maternity leave. Would anyone know if any of these firms are supportive of new mothers and/or have a substantial representation of female partners? I’m in a specialty group in corporate. Latham, Gibson Dunn, White & Case, Mayer Brown, Troutman Pepper, and MoFo

like

Any tips for interviewing for a Analyst role in VISA implementation sector ?

like

Hey! Considering negotiating my pay after 1 year of CT experience. In Florida my base is $29/hr. How much of a raise should I ask for (if they don’t automatically give one)? And should I wait to be a travel tech with another year of experience?

like

Hey fishes Has IBM started to call employees to office? My joining is at Pune location.

IBM

like

Moving from government to BigLaw as a 6th year. Since I'm coming in as a mid-level, I feel like this transition is different than a junior whom partners expect to know little. Any advice?

like

Is it possible to transfer from audit 8 months in to FDD considering this market? I feel undervalued and want to contribute more…

like

Additional Posts in The Real Estate Bowl

Quoted a 30 year mortgage, 5% down for a ~600k home for 4% interest no points.

Profile: 250k salary, 800 credit score

Is this any good??

likefunny

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

Anyone ever had the trim on your house painted? 2000 square feet, was quoted $3500. This included the trim, garage door, and front door. Seems reasonable, no?

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

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

like

Got news that my house closing may have to be moved due to a delay in the sale of my home. My partner’s income was excluded in the DI ratio, but if it were included we’d be well under the % threshold and can be approved to close on time regardless of the sale of my house. However our mortgage company’s underwriting team has been painfully slow in confirming if her income qualifies. She’s been at her new job 1 month after a year off. Anyone with underwriting experience have insight?

like

Worked with an agent on my first deal, great. Second deal now and I’m getting my license myself. I’d like to use her as a backboard for ideas and don’t mind giving her a “finders fee” or something but would like to capture the commissions myself. What would be the normal way to have this convo?

like

Hi - any good books recommendations for getting started on real estate investing?

like

What are your opinions on financing furniture purchases? Most of the big stores are offering 0% for a few years and I’m wondering if there are reasons I shouldn’t do it

like

4 years into RE. Happy with the results so far! Thinking I should take on more debt with current IR, but the market is too competitive

Post Photo
likeuplifting

What price per sq foot to investors start buying in the north ATX home? My home is on the market and not moving. Trying to understand at what price point does it become attractive to investors

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

Bi-annual plug to say I’m a realtor in Charlotte, NC if anyone needs help buying a home or investment property. DM me!

like

My realtor looked at a unit for me, and shared the video w me. I’m interested. The unit is on MLS. Then he posted on his IG story seeking buyer. I’m kinda annoyed because now I may have competitions since he is my realtor OR should I be ok for him to do that since it’s equal playing field on MLS?

likefunny

Are commercial properties getting inflated like residential? Thinking of getting into commercial to extra income.

Does anyone have experience with out of state turnkey real estate investing? Would you recommend any companies? I live in Sacramento where prices for real estate are inflated so I can't buy local.

like

Is this legal?
After being mugged and having my things (including my keys) stolen, I was locked out of my townhome after business hours on a weekend. I was told on the phone when dialing my complex’s after hours number (which is managed by a 3rd party company) that my complex’s policy would let me in for a cost of $100 (as it was after hours). After I was let in, property manager informed me the charge was $200. Is there anything I can do here? This is in Minnesota. Help appreciated!!

like

Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

like

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

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

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