All Forum Posts by: Evelina Khaimova

What do I say to supervisor? 

@Ryan Howell

I got an email from him, he wants me to bring double the amount he asked me to bring to closing previously. He is saying he will give me the rate I am looking for but I need to bring more money to

Close. I don’t understand how we went from - you are qualified and mortgage got approved to if you don’t bring double the amount we already agreed to- you won’t qualify. I asked for official paperwork. Let’s see what these numbers break down to.

@Matt Ziegler I am being told by new broker that I need to pay for new appraisal. Is that right? 

@Theresa Harris - i am afraid to switch to another mortgage broker becuase restarting a new loan means that we would have to go another 30-60 days (in NY) by paying this crazy mortgage because they will need to do appraisal again, order title again, etc. All this guy needs to do is lock our rate and we can close! But instead he is dragging it out. When we call by the way, he doesn’t answer. 

@Ryan Howell I really don’t want to bring more money to closing when I did everything I should and more to get this loan closed. We already paid off credit cards under his instruction and we already agreed to bring more money than we originally had agreed to. He is offering to get the loan closed by loosing his commissions but in reality he IS instructing me to bring more money to closing. In fact he said that we would have to pull money out of our retirement account. He told me over email he will get us numbers “tomorrow” - this would of been last Friday. It’s end of day Monday. I’m still waiting for the numbers. I just feel like we aren’t his priority anymore and when I am telling him we need to close because we can’t keep paying this crazy mortgage - he isn’t being responsive. I don’t want to file a complaint but I want to know what my options (rights) are as a consumer of a mortgage just in case if he really decides to drag this out for longer than I could handle at this point.

Hi guys. Can any actions be taken against the mortgage broker for not locking in my rate when the rate was still low? We have been trying to refi since November. We are in March and we have submitted everything they asked for and have been doing everything they asked for. The broker sent us the loan commitment letter to sign but the language in there indicated it was "variable" - I of course questioned that but it took him (no joke) 3 weeks to answer the question of if it's in fact variable or fixed. When he confirmed, we asked him for a new loan commitment letter without any wording of variable and then we were waiting and waiting. Long story short, he apologized for dropping the ball and missing the time to lock our rate when it was still low. Now rates are higher and he is asking that we bring more money to the closing to lower LTV. We were already bringing more than we originally discussed. I'm disappointed and at this point financially drained becuase we have to maintain our crazy mortgage and we had to pay off some debt under his request. Is there anything I can do? He did say that he will try to close us at the lower rate and will loose our commission but then he said he will do that and we would have to bring more money to closing table. It's been almost 2 days and we still don't know how much money. Any advice would be greatly appreciated!! Thank you!!

I am a first time investor looking to get a vacation home/ short term rental property. Short term rental is priority. I live in NYC. I have two options to go with based on my budget: Pocono Lake area PA or Florida. The exact area in Florida is still being determined. But I am thinking Orlando area, a new construction with a nice pool. Both would be in a gated community with HOA fees. The thing is.. Pocono is 3 hours by car and Florida is 3 hours by plane. How should I determine which area to invest for a short term rental? What should I be looking at? (Side note: I really initially wanted a waterview condo but am learning that short terms are not allowed and my budget won't allow for any apartments that do allow a short term so that is off the question. I've looked in south beach and Panama City)

What questions would you ask, think about? What would be a deal maker or breaker for you? Any advise from pros to first time investors? Thank you all in advance!!

@Duriel Taylor Yes I am referring to hurricane season. How do you all handle that time of the year? And yes you are right - I would prefer to buy a property by the water that I can use when its not rented out. But from research it seems like the properties that allow short term rentals have steep HOA fees. Am I wasting my time looking for those?

@Duriel Taylor

I’m a little hesitant to buy a house in FL bc of frequent bad weather. Am I wrong?

Plus I want ocean view or water bay view

Hi all! I am looking to invest in a waterview condo in Florida with a partner. We wanted to do Airbnb but are figuring out that Airbnb is allowed in only a handful of condos in south Florida. I was hoping investor pros could help us shine some light on weather we should keep searching for an Airbnb condo or forget that all together and buy a unit for long term rental? First time investor here.