'Safe'
Off-topic discussion. Wanna talk about corsets, duct tape, butt kicking, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Steph, that sounds like some of my coworkers. At least you (/your boss) have some leverage in the situation?
I've actually not yet encountered an author who flatly refused to change something when we requested that they do so; I'm not sure at what point we say "Okay, we'll leave your stupid-sounding title," versus "Change the title or our goons will show up to remove your kneecaps!" [SPOILER: we don't actually have goons.]
Look at you go, msbelle!
[SPOILER: we don't actually have goons.]
Dammit.
one of the key differences between FHA and non-FHA is that if you don't put down 20% you'll need to pay PMI (mortgage insurance)
FHA also requires PMI though that does not fall off when you have 20% equity. It remains for the life of the loan. FHA benefits? A lot lower down payment, debt to income ratio can be higher, and no need for a co-signer. I really don't see a downside to starting off with an FHA loan, and then refinancing in a few years to a conventional.
FHA might be a good start so you don't have to raid your reserves to come up with a huge down payment.
I like the idea of Steph with goons.
msbelle, you are TCB all day today. I'd like some of that motivation please.
[SPOILER: we don't actually have goons.]
That you know of.
I am so tired. I've had no energy all day. I think all my energy has gone to my immune system. I hope it wins.
FHA also requires PMI though that does not fall off when you have 20% equity. It remains for the life of the loan. FHA benefits? A lot lower down payment, debt to income ratio can be higher, and no need for a co-signer. I really don't see a downside to starting off with an FHA loan, and then refinancing in a few years to a conventional.
Yeah, that's actually what I was trying to say, but didn't word it well. I had an FHA loan, which I just refi'd into a conventional loan. My income meant the PMI was no longer a tax-write off, so I had extra reason to refinance. The difference between when I got my FHA and new FHA loans is that PMI is for the life of the loan (when I got mine, you were able to reassess based on equity after 5 years). So to drop PMI now, you need to refi into a conventional.
[SPOILER: we don't actually have goons.]
One word: outsourcing. You can take your pick from the highly competitive firms of Goons 'R' Us, Goons Goons Goons, or Goons Thugs and Beyond.
And it might be a higher interest rate in the future when you no longer need PMI.
Good info, thanks. My other research is saying to expect a longer escrow for FHA. Like 4-8 weeks. That will be a question I ask tomorrow.
Next up, realtor. I have a couple recommendations I'm going to check out.
You can take your pick from the highly competitive firms of Goons 'R' Us, Goons Goons Goons, or Goons Thugs and Beyond.
Oh, the hammock goons district!
t /Simpsons