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All Forum Posts by: Kaci Hunter

Kaci Hunter has started 4 posts and replied 38 times.

Post: Buying before divorce: brilliant or stupid?

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

Hi Roger,

You say she can't qualify to buy her own house; why is that?  

And are ya'll located in a community property state?

Post: A friend's divorce mediation and a townhouse involved

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

@Bruce Lynn is spot on. Saw a similar situation with friends. They had two properties. Later she was unable to refinance, and the ex-husband kept making payments for her so the property wouldn't go into foreclosure.

I would highly suggest to your friend to contact Noel Cookman DURING the mediation process, not after. He's in Grapevine and a divorce lending specialist. Super nice guy, and a genius.

You can also go checkout Divorce Lending Association and find a local CDLP if you'd prefer. Several options, just don't wait. Be proactive, not reactive.

Post: When to File Bankruptcy?

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

I agree with what everyone else has said about trying to sell before going the bankruptcy route, or at the very least speaking with an expert about it. Would any of these be more successful as short-term or mid-term rentals?  Also you stated, "the utilities, taxes, and insurance were all triple the amount forecasted." If these are long-term rents, I'd have the tenants pay the electricity. Have you contested the taxes? Have you shopped for new insurance? Why was this so much higher than originally projected?

Post: Alternative K-12 Education - What's Out There?

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

As a previous public school teacher for 18 years, I can testify that public schools (at least in Texas) are headed in the wrong direction because of the emphasis on the state testing scores, especially in large school districts. I've told my own children multiple times that they must be prepared to homeschool or send their children to private schools. 

As for college degrees, the degrees should be valued the same as real estate.  What's the Return on Investment? Think about it like this...some kids are going into debt at $100,000 for a 4- or 6-year degree that doesn't even guarantee them a job. I know several art and psychology majors who didn't use those degrees in there field of work or don't make much money to live on. Some of these degrees need to be strictly online, and cut the cost of all the fees associated with going to college (recreation center, parking passes, library pass, etc.) There are junior colleges that you could pay for in cash, and immediately be making money at the age of 20 for $50,000-$100,000 (air traffic controller, radiation therapist, dental hygienist, etc.)  Trade schools need to be emphasized. When I hire a plumber, a mechanic or an electrician, they are rarely under 45 years old, and many are into their 60's. 

I guess all this to say, yes, education needs a major overhaul, and it's highly unlikely that it will be coming from our government officials.

Post: Divorcing and considering my future

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

Why can't we edit posts? Annoying. I promise I can spell. :)

Post: Divorcing and considering my future

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

Yes! You may have to find the CDLP's and CDFA's yourself and make the introduction to your lawyer (if they're not already working with one). Hopefully your lawyer will see the benefit of using their expertise . It's really benefecial for everyone involved. 

I've got couple of stories of divorces gone wrong. 

Post: Divorcing and considering my future

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

Hi Tina,

Is your attorney working with a Certified Divorce Lending Profossional and a Certified Divorce Financial Advisor DURING the divorce process? This will help you set up your funds and property so that you can make a future purchase easier. CDLP's do not cost additional money. Cannot speak for CDFA's. I had a friend that went through a divorce and speaking to the CDFA put her mind at ease. :)

There's websites to locate some in your area or checkout LinkedIn. In Texas, you can usually find them on Collaborative Divorce Texas. Not sure where you're located. 

Post: Assistance to fund down payment?

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

My suggestion is you get with a lender in your area that can walk you through loan options and the amount of money you'll need to fund the loan. Go to findamortgagebroker.com for a lender or ask other investors in your area who they use and WHY.  A knowledgeable lender will help you devise a plan and refer you to a great realtor who will negotiate on your behalf as the buyer. This is a great season to get some seller concessions or even negotiate to a lower price.  Best of luck.

Post: What difference can having a great lender on your team make?

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33

Having a bad lender can be a deal breaker, literally.

I spoke with a fellow BP member. She was working with a lender that took her two weeks just to get preapproved. Ridiculous. While you're trying to get preapproved, a great lender has already closed the deal. 

The number one complaint I hear from realtors is lack of communication from the lender. Shouldn't take more than a couple of hours to respond to a phone call, text, or email. 

@Scott E. makes a great point. Shop around. You'll find certain lenders are better at certain products than others. Many lenders pick a niche and try to win all those by being the expert. I think of it like being a Chic-fil-a. All they do is chicken and nobody does it better. :)

I agree @Adam Bartling that choosing a lender is like choosing a CPA. They need to know YOU, your goals, and their products.  

Post: I’ll give you $1000 a month to tell me how to dress!

Kaci HunterPosted
  • Lender
  • Comfort, TX
  • Posts 38
  • Votes 33
Quote from @Carola Dunham:

When I was in sales, I learned people first look at your face then your shoes, pause for a moment, then back to your face.  Get some awesome shoes! Stick your foot in the door and keep on talking!


 Good reminder to make sure you get that pedicure when you're wearing the open-toed shoes.