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Complex Loans - SMM Buzz
c/complex-loans
22
c/complex-loans
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annas87
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2d ago
Vent: had to choose between a cosigner and a 14% rate, still second guessing myself
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21
c/complex-loans
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anderson.david
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3d ago
PSA: The notary at my bank in Boise read my loan papers upside down for 20 minutes
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15
c/complex-loans
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derek656
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6d ago
Appreciation post: a loan officer in Boise pointed out my debt-to-income ratio was off by 4 points and it changed my whole refi
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6
c/complex-loans
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kaid59
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6d ago
Rant: I refinanced my truck and the payoff quote came back $1,847 higher than my balance
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21
c/complex-loans
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joseph_torres
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8d ago
Pulled a $12k hard money loan at 14% to flip a roof in Cleveland and the lender tacked on a $900 'doc fee' at closing
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17
c/complex-loans
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lane.eric
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11d ago
Just realized my HELOC closing got bumped 3 times because the appraiser wrote 'garage' on a house that has a carport
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19
c/complex-loans
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flores.patricia
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11d ago
Vent: I called private money loans a scam for 2 years, then a guy in Phoenix closed my $85k deal in 9 days
1 comments
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19
c/complex-loans
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emery_young13
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11d ago
Hot take: 10 years ago my broker could do a stated income loan over the phone in 20 minutes, now the same deal takes 3 weeks and 40 pages of paperwork
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24
c/complex-loans
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alexc93
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11d ago
HELOC vs. cash-out refi on my rental in Mesa, and one saved me $4,100
1 comments
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9
c/complex-loans
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jamesm48
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12d ago
Serious question, did anyone else get burned by the 3/1 ARM reset in spring 2023 before the rate freeze?
1 comments
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27
c/complex-loans
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jessica_ross38
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13d ago
Took the 7-year ARM at 5.75% over the fixed at 6.5%, now I'm second guessing myself
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12
c/complex-loans
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charlie_ellis
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14d ago
Everyone says hard money is a trap, but the $3,400 in points on my first flip in Mesa was the cheapest money I ever got
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7
c/complex-loans
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grant918
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19d ago
Just realized the old loan officer who taught me to read a rate sheet by hand was right about one thing
1 comments
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3
c/complex-loans
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miles72
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19d ago
Appreciation post: the $340 seller carry back note that almost fell apart at a Starbucks in Reno
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33
c/complex-loans
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paige86
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20d ago
My CPA told me to just do a simple 15 year refi and I fought him on it for months
1 comments
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