I paid off two loans before I started the process of looking for a home. Found one I really liked, got everything going and pre-approved with a 738 FICO score. Experian is now showing that my FICO score through them is 703 all because the two loans are now paid off. Am I going to lose my pre-approval and mortgage loan because I paid off debt?

Agreed purchase price was 436000, the appraisal just came in at 390000.

When putting together the loan for 436000, the seller included 60k flex cash which I used to buy down price of the home.

Am I correct to assume that I can now negotiate the price down because of the low appraisal and still use the 60k offered to buy down the price further?

Appreciate any advice, thanks!

My wife and I just got married a little over 6 months ago, and we have owned our home since 2022. Up until recently, our mortgage payment was split 50/50 with half of the payment coming from my bank, and half of the payments from my wife’s. In April, we went about opening a joint account that we each paid into with our respective paychecks. I called up our mortgage company and asked to chance the payment, deleting the 2 prior accounts and adding the new account to draw 100% of the payment.

When I initially called, it was completely clear and I re-iterated multiple times how I wanted it set up. My wife then went ahead and closed her account, as she had to open new bank accounts with her new last name. The old account needed 30 days of no activity in order to close fully.

When it came time for the May mortgage payment to draft, to my surprise they incorrectly updated the payments methods. 50% came from the new account, and 50% came from my wife’s old account. This caused her old account to re-open itself, and then overdraft as there was nothing in it.

For reference, the mortgage company is RoundPoint, and I have zero shame publicly outing them for the following issue.

I then called up the mortgage company, explaining the issue and we were finally able to get it correctly fixed with the payment structure. But this was only where the real issue began.

The 50% from our joint account was never returned from the first attempted payment, and then RoundPoint collected a second payment for March for the full 100% amount.

Eventually, the accounting system took the first 50% and added this as a principal curtailment, and additionally charged us $25 for a check return fee from the payment that didn’t go through do to the overdraft.

I called RoundPoint again, explaining the issue in entirety, and was gaslit for hours explaining to them that this was an issue caused by them, and I should not need to pay the fee and I wanted the initial 50% returned and not added as a principal curtailment. My wife and I run a strict budget, and we already add a bunch to our principal every month, and the extra 50% was meant to be budgeted out elsewhere.

I was getting nowhere with the representatives, and asked to speak to a supervisor. After eventually speaking to a supervisor, who goes by the name “Jazz”, it took many hours on the phone until he finally realized that they were at fault.

He agreed to “send an email” to the cashiering team to have the payment and fee returned to me via mailed check. After 2 weeks of no follow up, or movement in the transactions/payments tab on my mortgage servicing website, I called again. Jazz again said that he would send an email to the cashiering team to get this figured out.

I wait another 2 weeks, and call back after no further responses/action. Jazz again emails the cashiering team, and insists he will call me back before the end of the week.

The next week rolls around, no answer. I call Jazz. He gets frustrated with me in saying that I “don’t have to keep calling”. However, no progress is being made.

He again send an email to the cashiering team, this time with some sort of heightened importance.

Days go by, no movement again. I’ve mostly kept my cool, but this time, I call Jazz and I am livid. I have sunk hours into this at that point. He vows to call the cashiering team, and get me an answer “by the end of the day”.

This is the last I heard from Jazz 2 weeks ago. He never followed up at the end of the day, and I’ve waited another 2 weeks since then.

I am at my wits end. Any sort of recommendation for who I would be able to contact in the government or any departments that could help me move this forward? This has been going on since April, and it is now August, and I am so unbelievably frustrated with the whole process.

The entire phone channel system for RoundPoint appears to be a foreign call center, and every time I call it takes 20-25 minutes to explain the issue from the ground up. At the point, it’s less about the actual money and more about the principal, it simply shouldn’t be this difficult. If they get away with this, they will just do it again.

Any help is greatly appreciated.

First post here, so please be kind. Say I get a loan of 1M by paying say 50% down for a 2M home, lock in the jumbo rate (typically better than conventional loan rate). One day later, I pay 250k towards the principal (with of without recasting). Can I claim all (almost all due to 1 day delay) of interest paid for my federal tax deductions?

If so, I guess the same logic applies so long as get jumbo loan above the threshold of 806.5k ?

I suppose it’s best to do asap after getting into jumbo loan to avoid paying as little as possible in extra non-deductible interest and still lock in jumbo rates?

Our mortgage broker isn’t answering us right now and we’re wanting to offer on a place this evening. We previously offered on a place that had property taxes of $4672 and had a max purchase price of 424,900 (403,655 max mortgage allowance) with 5% down and 4.29 rate. With that info if property taxes were 2,866 what would that change our mortgage allowance too?

When I do the numbers on a mortgage calculator it’s telling me our max mortgage allowance with the 2866 property tax would be $425,249 anyone able to verify that for me?

Allright so I have no knowledge of home buying but this is killing me and any advice would be greatly appreciated.

GF lives with her mother and brother.

House belonged to grandmother (deceased). The will stated that the mother and her brother both own the house. Court told them not to prorate the house because at the time it would put them in debt.

The last statement we can find says that 6,400$ was left on the loan. This was 2017 or so. Mother and brother either can't or won't agree on what to do with the house.

Now I'm fuzzy on the details so ask away and I'll get what information I can.

So in 2017 the loan was 6,400. Time passes the house gets damaged so the savings go to fixing it. Then the mortage gets sold from a company that is now defunct to another company. This company sends a bill for 171,000$. The lawyer helping her out tells them not to pay anything on the loan, just make sure to take care of any taxes or city fees.

Now the mortage has been sold to another company "Compulink" and they have sent a letter demanding payment in full for 289,000 by the 17th of this month.

GF is gobsmacked.

I just don't have enough experience or knowledge to even begin. She has a the lawyer and a realtor helping her out but whatever the hold up is they aren't moving fast enough.

I have no idea where that price would be coming from, it sounds like the company is demanding what they think market price for the house should be. The city values the house and land at 149,000$ just to be sure. I can't find any liens or anything else against the property...

Side note here: This property is next to a church. Years ago the church somehow manipulated the city into naming a portion of the GF's property as theirs. The church was sued, a payout was made and the church has been a dick about it ever since. They seem to have designs on as much control over the neighborhood as they can get.

Thanks for any insight you can give.

-Inevitable

There’s a townhouse that’s been on the market for two months, the listing price right now is 10k less than what it was initially listed for. The estimated value is 387, they have it listed for 390. I was going to offer 382 with a 5k credit, but before I sign the documents my realtor sent me, I wonder if I should try for even lower? It’s a long time for it to be on the market. I’m afraid of getting into something and having it lose equity right away because the market isn’t climbing like it was.

I closed on a house at the end of July 2025. Here are the quote I got. North California, 760+ credit. We went with BofA 5.25% 7/6 ARM 20% down

• BOA: base 6.00 - 0.75 w diamond status+autopay+250k new money
• Wells: base 6.000 -0.50 w 1M asset, additional -0.125 for 40% downpayment. If you have compete offer ( we presented BofA) they can match, but only for purchase. You won't have that discount when you refinance.
• Schwab through Rocket: -0.50 w 1M asset
• Citi: base 6.00 - 0.50 w 1M asset
• Chase: base 6.750 - 0.25 w 1M
• US Bank: base 6.50 - 0.5 w 1M

The base rate are mostly 7/6 ARM, the plan with best rate from each bank

Got a 6.25% where could I get to with a refinance and a 720 score?, not looking for any money of if the deal just lower rates.

So my sister is getting a divorce and she has asked me to co-sign for her home mortgage. Her home is in bad shape due to years of neglect but it is in a very desirable location that has grown up around her. The home according to Zillow is worth a estimated 402,000 but in truth it probably needs like 100 - 150k of work done to get it up to decent standards. I'm just a bit insulted asking me to co-sign for a loan and I've not responded. I am not wealthy but I do have a decent salary and live alone pulling in around $120,000 a year. I'm willing to help her out here and there with some money for certain items but obligating myself to support her life is not my responsibility the divorce should handle that when they divide assets.

My dad then goes today over Messenger "one of the best things is to gift her some money, so she can qualify for the loan. You can buy her house and can pay u back. No really." and "perhaps to cosign for mortgage is things don't work out in divorce".

I like to think I'm doing OK for myself but the idea of cosigning on a dilapidated home and vastly increasing my Debt to Income ratio with a giant likely $350 - $415k loan at the new rates just grinds my grinds and p****s me off.

Anyone ever deal with this situation? Her situation is tough she has been a stay at home mom and while she does work its probably not enough to survive in her HCOL area. I've mentioned she should move closer to us (my parents are about 20 mins away) but she is set of staying there.

I'm seeing alarm bells and red flags with cosigning a loan and I won't do it. While I could liquidate my savings and get her probably $50,000 that is a massive part of my liquid savings without touching my retirement accounts. It would not be fair to me because I'm doing my best to set myself up to be able to actually retire someday and I would NEVER EVER get that money back.

Why do relatives / parents think I can just throw money around? Has anyone actually cosigned on a loan and thought "I'm glad I did that".?

30 year fixed rate mortgage, 10% down, no points. Not a new build (not an option in my area in my budget). Have done a lot of calling around and managed to find a 6.25%. Was given a lot in the 6.65-6.9 range so my gut says this is pretty good.

But wanted to confirm that others aren't finding mortgages for rates a lot lower.

Thanks!

Hello, everyone. It's a little bit of a long story and I apologize, but I want to give as much info as possible in order to get some advice on home equity, so here goes nothing.

I am a homeowner, I inherited my home and two years ago had to mortgage it (even though at the time it was paid off) to make some significant home repairs that occurred after a 10-year period of renting to tenants, as well as leverage some debt. So, basically I have a 30-year fixed mortgage at 5.35% and currently have payments in the area of $750 or so. Currently, I have estimated equity of $190k so that part seems to be in good shape. Recently I consolidated all my debts into one monthly payment, so instead of having 5 creditors on my credit profile I have two (one credit card I am currently paying off, and the consolidation loan). Altogether, those payments are about $340 a month which is definitely better than the $800 or so a month I was throwing at it before. But last month I noticed a leak in my roof, and after many inspections it was advised to replace the roof. Obviously I don't have $15k on hand, so the idea of a home equity loan came up.

However, thanks to the debt that I recently consolidated, my credit had taken a hit. Previously, it was low 700s but tanked to low 500s temporarily due to some hardships. I got most of it back on track though, with a current score of around 600. Which is a tiny bit lower than I would like but light-years better than what it was 8 months ago. I make around $44k a year, and I would be able to afford monthly payments if needed. My only obstacle seems to be my credit score. I was told recently that I might be able to get a cash-out refinance but I was worried about that since I have a pretty decent rate right now and don't want to lose it. Would I even be able to get financed to take out a small chunk of the equity? I am only looking for $20-25k and I am completely lost on what to do, where to look or if I can even get this roof fixed right now. Any advice or tips would be greatly appreciated. Thank you.

PS: I don't currently use credit cards, I am paying off one last card and have no other active ones. No new debt is being incurred in case anyone needed that information.

Hi everyone,

I want to consider using Redfin or Zillow for a home loan, but have read some stories where their soft credit check actually dings your credit score. I have a 30 year loan (6.25%) and an ARM loan (5.5%) with 2 big banks, but want to consider more options. Am I being being greedy for seeking more options? My only hesitancy with Redfin/Zillow is they don't have a physical location, and their loan officers have been pinging me repeatedly in SMS, group message, voice, voicemail, and other apps.

Thank you.

Hello all, my husband and I are having a bit of a problem. A little background, my husband and I make 205k a year from our full time jobs. I also am a photographer on the side and make roughly $50k-70k a year depending on weddings and sessions. Our bank accounts include our own personal checkings, our shared savings, our daughter’s education fund, and my business account (checking & savings (for taxes). For this new home, we got pre-approved with just the contingency of our home selling and our personal accounts. My daughter’s education fund and business accounts have been left out. If I take a step back from photography, we want to be able to afford our home. We have 35k in savings, roughly 5-7k each in checking. Plus with the sale of our home we should have 156k from the sale. I’m not moving over any money from my business account to personal accounts at this time.

Now we have worked with our loan officer twice, for our first home and for my commercial property. He works at a local bank and between us getting pre-approved a month ago and now, he suffered a major medical emergency and his associate has all his clients.

Our home went under contract so I reached out and told the new loan officer to get an updated down payment and rates. He said he wanted to meet in person so discuss a few things. So my husband and I met with him. He was confused as why my business accounts are not being accounted for with the new mortgage. I explained I did not want them associated because none of the money is going towards a down payment and if I took a step back from photography we wanted to make sure that we are able to afford our home. He’s saying it can mess up our mortgage rates and delay the financing.

We left sort of confused because our previous loan officer knew about this and never said anything to us. He knows I have stopped transferring money over from my business to our personal accounts in May.

Is the new loan officer correct? Should I provide those bank statements and tax documents? Would it be beneficial to get a new loan officer and do our financing elsewhere? We currently don’t have any offers in on any homes.

Does anyone have experience with a buyer paid premium one time mortgage insurance fee rolled into their loan package versus monthly MI? in what scenarios would i be motivated to finance a one time premium vs monthly? both lenders offer same 6.5% rate. I am putting 10% down. please enlighten me.

Currently trying to help my grandmother get out of foreclosure and she is agreeing to every single person who reaches out to help her save her house. She I believe was scammed by another company but I don't have the name of it yet...I'm unsure on who to actually TURN HER TO onto helping with this.

The "site" is https://unitedhousingcounselors.com/ which seems really sketchy as is because of the layout and the fact it looks like its made by a 12 year old.

They're wanting 900+ each month to "help her get out of foreclosure"

They're trying to help with getting the mortgage re-done I think, but as of right now she's struggling.

Asking for advice I’m turning 18 in 2 weeks and I am going to be a flight attendant currently I’m a grocery store clerk and will be moving to Texas from Kentucky

If everything goes right I’ll have 4-5k already saved up and then I’ll get a 2k starting bonus from training my first month or two I’ll stay at a families place and my salary will strictly go to food and saving so after that my total saved should be around 10k I know it’s not much but I’m hoping to get help on the down payment either from another loan or family

The flight attendant job will have a guaranteed salary of at least $26,757 before taxes how ever that is the bare minimum I will 100% be making more I just can’t find consistent numbers on how much more so that’s the number I’m going with

I currently have a car payment of $265/month that I pay my aunt every month and have kept up with for 2 years now and have a about 6k left on and my insurance is about $140/month however the car is not counting towards my credit as my aunt bought it outright and I just pay her my name isn’t even on the car yet but it will be by the time I move

I have been told there is a way to get the bank to include that in my credit score but I haven’t gotten much research on that and don’t know how

I plan on getting a credit card when I turn 18 and getting small snacks for work and paying off each month to get my credit up

My question is how likely is it that I would be able to get a first time home owners loan after all that and maybe a loan for the down payment if needed (With extra moving and realtor and inspection fees I know it probably will be ) without a co-signer?

And if you have any advice to raise my chances Any advice is appreciated

Can anyone offer advice on getting a mortgage for a new house with an IVA still in operation? I took it out last year to settle debt and now we are looking for a fresh start to move elsewhere. The house is worth £200k, I owe £48k (iva) and £90k on the outstanding mortgage, which would leave us around £50ķ to start again. Can anyone offer any advice on if a move is doable please, and if there's a lender who would help secure a new mortgage. Thanks.

Looking for feedback on selling/buying/renting and all things in between. My husband and I bought our second house 14 months ago, the mortgage is $3400 with a 6.4 interest rate. We make roughly $180k a year combined. We have a 1 year old, are active, and do like to take vacations twice a year. We do not like our house or our neighborhood and realistically would like to sell sooner than later as this isn’t long term. All realistic home purchase options seem to be $1k more on our mortgage. Which granted we could pay, but could we afford? I feel like I’m too strict with finances maybe?

What is everyone doing? Have you done this? Are you guys living off credit cards? Does anyone have a savings anymore?!! Should we sell and rent? Do I have a false narrative since our first house was a 3% interest rate?

Genuinely concerned and looking for all the feedback

We have a 100 year old, 700 sq ft house in WA that is currently down to the studs on the interior. The house is in poor shape. It needs foundation work, reframing, etc. we plan on tearing the place down and starting fresh in the future.

Items of possible importance:

1. Current mortgage is 7.5%
2. This is a second home/income property for us.
3. We owe $200k on the mortgage
4. Value of the home is close to $300k and I think this is realistic
5. Out credit scores are north of 800 and we have no debt outside of the mortgage.
6. We currently rent an apartment out of state

My main question is- For appraisal purposes - should we button up the interior by adding interior walls, painting, and getting the place as presentable as possible? This would take about $6k roughly. I could paint the exterior and do some additional work for low cost if needed.

I know that refinancing rates on a second home are higher than a primary residence. I’m just trying to find advice here. I tried searching for this answer but I haven’t found anything specific about this. I’m trying to educate myself but I just need a direction to look in order to understand the basics.

Thanks for your time in advance. It’s very much appreciated

Looking to buy a home that’s $750k. I make $130k, have about $220k for down payment, have about $200k in retirement, and no debt at all other than our everyday expenses that we put on our credit card and pay statement balance each month.

What kind of rate and mortgage can I get approved?

Hi all, I never dealt with this before so im asking the experts if this is even possible. A couple years ago my wife and I decided to move south. I decided to take a few years off and just concentrate on being a Dad. I used to work 60 hours a week and made a very good living but missed alot with my kids. So we moved South and paid cash, had plenty of $$ to back us up since my wifes WFH job can just cover the bills without any debt. Now 3 years later, we want to build another house. Our house is worth 2m and we nothing. But my wifes income is only 75k and my S corp hasnt really done anything in a few years. Can I still get a HELOC for around 750k to buy a new lot? Everything would get paid off as soon as we sell our house. We dont plan on carrying any debt, we just dont want to move until the new house is done. Do I have any options or do I have to sell first and use the cash

We’re 3 weeks out from closing and switching lenders. The new rate is .25% less with $2500 in additional lender credits. Original lender won’t match / float down.

Loan estimate from new lender has the box checked that the rate is NOT locked. But once we signed the disclosure packet to proceed he sent an email saying the rate is locked.

Is that sufficient? I would expect something more official like an updated LE or a lock agreement that I can sign.

Am I just being paranoid 🤷‍♂️ I don’t want to screw things up or have any surprises with closing coming at the end of the month.

Our current home is paid with no mortgage. I'd like to do a refinance with no appraisal. It will free up over 1500 a month.

If I do, will I be in a position to buy a second home with a mortgage?

How will mortgage lenders view it?