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Luckily for you GMAT prep is really easy/cheap - just buy the offical GMAT study books that have actual questions from past test banks and and then download the computerized test from the GMAT website. I think I spent $100 or so for the three books and the test was free, pounded out practice...

Mortgage Required Income 9,000 * 12 = 108,000 annual mortgage expense At a comfortable 25% DTI: ( 108,000 / .25 ) = 432,000 in annual income, assuming no other monthly debts.

Reminds me more of Eomer than Lyrical: I mean, I could"ve started working for my dad (financial planner/asset manager) when I was 18 instead of going to university, and started taking over his clients as he transitioned to retirement, but I decided to go to school and do it independently rather...

I mean, your personal financial statement would look thin on paper - especially since you"re about to quit your job entirely. Your wife would definitely have to co-sign any loans, I don"t know what your situation is there, but anecdotally, almost all of our problem loans that I worked on had...

I have worked for a "community" commercial lender for the last couple of years; for C&I loans (commercial and industrial loans, not secured by real estate), we"d usually want to see three years of personal tax returns, three years of business tax returns (if it"s not a start-up business), three...

Was she too busy to talk to Google because she was looking for an expensive gift for her assistant? Or helping people on the internet shop for engagement rings?

That"s an FHA rule, is it not? Do you have enough equity (20%) to refi into a fannie/freddie loan?

Vampirefreaks.com, I would imagine

Christ, shit like this thread makes me glad I don"t show up in google search results for my own name. I just caught up on all of this thread in one sitting and it has been great e-Detective work, everyone... thanks for the giggles.

Hey, home prices will always increase over time, right? Sorry, it was pretty accurate in the areas that I"ve lived, so I thought it was a fair shot. Your mileage may vary on it I suppose.

@Chaotic - check out zillow.com if you"re just looking for real estate listings/photos/prices. It does an OK job of showing pricing trends in an area and keeps track of recently sold properties on the map as well. Alternatively you can just get straight at the MLS data if you"re just browsing.

Can you stop attempting to shit up threads with your terrible trolling? Or at least step up your game some? Thanks, brah.

I don"t know much about Canada other than some old guildies who used to live in Victoria. Why are the home prices so expensive over that way? Are wages comparably high to make it affordable? I didn"t think west Canada was such a hotbed of economic activity.

Relax bro, this sort of thing can happen, you wouldn"t believe how many hands touch your mortgage before all is said and done. If your closing docs said 70$, and their docs said 70$, then it"s 70$. Just call back when they indicated and keep your cool. There absolutely is no way they can inflate...

Jesus fuck, Eomer. Condo fees around here aren"t even half of that. Must be a fancy place.

Man, I wish I lived (or was going to live) in an area where housing is cheaper. I"m jealous of you guys having actual homes, while I spend $750 a month on a studio. I don"t really want the home and the yard, just more space for my dollar

That"s a function of how mortgage backed securities (or any fixed income security) are priced, not necessarily a program. A bond issued at a higher coupon than the market rate comes with a premium, that is, in this case you"d get money back to pay down your closing costs / waive your 1%...

I think it needs more crosses in the living room, but other than that, congrats man. Home ownership is great.

My bank didn"t do a whole lot in the jumbo arena for fixed rate loans, but if you"re in a county where you"re eligible for a fannie high balance (jumbo) loan, the process is essentially the same as a normal fannie, with similar credit risk adjustments (at your ltv/scores, i.e. none). There"s...

No doubt. Conventionals are great if you"re borrowing less than 60% of the home"s value, but that"s almost never for first timers.

The 620 score bit only applies to FHA loans. If you tried to get a fannie/freddie loan with a 620 you"d get laughed out the door and a 2% credit risk adjustment tacked on.

I don"t know how the preapproval stuff works exactly lender to lender, but both of the numbers I quoted you above are well within the "safe" debt to income range for your mortgage. If you"re not going to borrow a large amount, look into a 15 year mortgage, they"ve got better rates (generally 1%...

Dunno, do you have 50 grand in credit card debt? Or student loans? Etc. If you"re reasonably debt free I don"t see why you wouldn"t be able to borrow up to the conforming loan limits in your area ($417,000 or so, higher in some parts of VA). Someone else earlier mentioned as a rule of thumb you...

If you as a lender approve someone up to $417,000 at the peak of the borrowers" allowed debt-to-income, then you as a lender legitimize someone going out and buying a home that may be above the borrower"s real means / needs. The MLOs I worked with got verbal information from the borrowers about...

Agency loans have specific adjustments set by FNMA/FHLMC for risk adjustment - FHA loans have these loan plan adjustments too, just significantly fewer - easier fico requirement, no LTV adjustments, no loan amount adjustments once you break 100k. The FHA lending limits are also lower than the...

Been a couple days, I"ve been on vacation... Evelys, as long as you"re above a 600 FICO you should be fine on an FHA. We tack on a .250% adjustment for FICO between 601-620, but if you"re sub 600 it"s a 1.250% adjustment. That"s just for FHA loans, conventional (Fannie/Freddie) loans have more...

Agree on the buy side at least. Maybe it"s just because I"m from a younger generation, but when I moved for my job I started looking at condos on zillow/MLS without even thinking to call up a real estate agent or anything like that. I could understand for people who are too busy to do their own...

If you follow these recommendations for a $1,010 mortgage payment (Principal and interest), you"re looking at a little over 10% DTI, which is a very safe debt ratio for your housing, honestly. Really, extraordinarily safe. Eyeballing our rate sheets from today, FHA/VA 30 year fixed loans are...

Nice to meet you, Florida real estate bubble of 2005-2008. I see houses every day that appraise for $100,000 less than they did one or two years earlier, every single day.

I was wondering how he had time to do the Ivy League undergrad, then get a JD, then start his MBA while having "several years" of experience in the entertainment biz and still be 27. I thought his MBA homework seemed way too easy to be true, tbh.

I just scrolled through all ten pages, hella lovin" this thread. Puts all the guild dramawhores I"ve ever heard of to shame.

Why oh why was I playing WAR instead of watching the camwhores

I swear someone said she was 18. Oh well, carry on with the loli.

An internet for you sir, an internet for you.

Jesus christ, she"s been on for three or four hours. Does she do anything but sit around in front of the cam and do handstands (like show her tits?)

is on live now - at least i think so. been looking every few minutes and it doesn"t look like a loop.

Reading this post bent my mind

TheSouthernUnited States.

All of the hookers here are fat and/or black and/or hispanic; pass.

Yeah, I"ve been F5ing like a motherfucker hoping something juicy shows up. Hotel room + Business Trip = Snooooozeeeee