Recent content by Navigatn

oh god no.  rather pay for private school in RSM than deal with that community

There must be something going on with the development.  I don't think they've started on a new lot at all this year and barely finished 1 phase in the last 2 years.

Yup, they were the builder "preferred lender" for a new construction we purchased and they were so bad I ended up going with WF.

You also can't spell dumpster truck without Trump.  :D

Also interested in this.  For me it's a purchase 35% down, $860K~ loan amount. 

My experience is every $250K for a .125% reduction maxing out at .5%.  So to go from 3.125 to 2.625 borrower would need to move $1MM.

Wait 2.7% on a $5MM ($5,000,000) jumbo?  Where are you seeing this??

Yup, can confirm.  If you want a 2.625% 30 yr fixed free loan with owning, LTV must be 50% or less.  51- 75% LTV, it's goes up to 2.875% no cost.

how will this impact home prices?

I'm looking at a lender offering 3.75% with a lender credit of $3500 for a refinance.  Total fees comes out to be $1500.  If this is real, I calculate my break even in about 6 payments.  Is this too good to be true?

Does anyone have a recommendation on custom glass work?  I have some openings in a wall that I want to have glass put in.

The real magic is how these loan request are being approved from the lenders since both Kushner and his pass through businesses report losses year after year.  For us common folks, this would never get pass credit.

Where are you getting the comps for new construction sales?  I would like to know how much previous phases sold for in a couple of new communities in South OC.  From what I'm seeing when visiting the sales office, new phases are not "starting to drop a little".  They keep going up even with...

How do you guys feel about new construction?  Do you think builders may restructure their pricing on new phases now that sales are slowing and interest rates rising? 

I can see the builder not wanting to lower BASE price, but what if the lot I'm looking at is a view lot with a $100K view premium added on?  Will they be more willing to reduce?  Also, can credits exceed closing costs and fees and the excess paid out to the buyer?