Favorite team:	LSU
Location:	Lafayette
Biography:
Interests:
Occupation:
Number of Posts:	209
Registered on:	9/25/2012
Online Status:	Not Online

Hiking in Louisiana

Posted by CajunTigerBabe on 5/26/17 at 6:25 pm

Where is a good place to go hiking with the family? We are in Lafayette but are willing to drive a couple of hours.

Outdoor Board

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re: Under contract to buy a home and septic system failed inspection.....

Posted by CajunTigerBabe on 5/26/17 at 6:22 pm to Slim Chance

I'm a lender so I know what I'm talking about. This depends on the type of loan you are doing. A conventional loan will allow this to be fixed after closing. All other loan types you will need this repaired prior to closing if this is noted by the appraiser. If you are still with in your inspection period, you should continue to negotiate with the seller to get him to fix it prior to closing. Also, a good realtor would have put that the seller pay for the inspection and a pump out prior to closing. Good Luck!

Outdoor Board

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re: Selling a Home - Can I fix some things in the inspection report?

Posted by CajunTigerBabe on 8/18/14 at 4:55 pm to lsufanintexas

I'm calling BS on this. Are you telling me that if you buy a house in TX and have inspection done, then sell the home a couple of years later and not all the items were fixed then you have to disclose everything? I don't think so. I'm a licensed mortgage lender in TX. I would fix the items yourself to save money if you can. Fire the realtor. Get a new realtor and don't tell them about the inspection. She wasted your money by having you do one in the first place. You do need to disclose major things with the house like age of roof, flooding and termites.

O-T Lounge

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re: So which fees are legit and which are not? TIA

Posted by CajunTigerBabe on 11/29/12 at 7:15 pm to CajunTigerBabe

BTW, I am licensed to do loans in Texas too. Let me know if you want to talk. I can get you closed in about 20 days.

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re: So which fees are legit and which are not? TIA

Posted by CajunTigerBabe on 11/29/12 at 7:12 pm to rmc

Unless they did credit repair on you the credit report fee is excessive. Appraisal shouldn't be more than $450. Why are you paying a discount fee. You shouldn't be buying down a rate with current interest rates. 1% orig is standard but you can get out of it if you ask. So, you are paying too much. Are they giving you any lender credits?

Money Talk

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re: PMI Calculations for Home Mortgage

Posted by CajunTigerBabe on 11/29/12 at 7:07 pm to tigeraddict

The more you put down and the higher your credit score, the lower your PMI on conventional loans. It is that simple. FHA and RD have the same rate no matter what you put down or your FICO score.

Money Talk

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re: Marital property question

Posted by CajunTigerBabe on 11/27/12 at 8:15 pm to rmc

You need to call a Real Estate attorney. You may need up get a pre-nup.

Money Talk

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re: FHA VS Conventional

Posted by CajunTigerBabe on 11/17/12 at 9:23 pm to ocelot4ark

If you have at least a 720 and can put 5% down, go Conv. You will save money on up front MI and monthly MI is lower. Rate may be slightly higher, but still the better loan.

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re: Expedite the closing on a home as a seller

Posted by CajunTigerBabe on 11/17/12 at 9:20 pm to dillpickleLSU

Nobody can expedite RD. Sorry. They are underwriting files received on Oct. 22nd as of Friday. It will be a while.

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re: Expedite the closing on a home as a seller

Posted by CajunTigerBabe on 11/17/12 at 8:08 am to dillpickleLSU

Rural Development is very backed up. My RD loans are taking over 45 days now. It is not the lenders fault. Blame it on the government.

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re: PMI bullshite

Posted by CajunTigerBabe on 11/16/12 at 2:08 pm to RandySavage

quote:
If you re-finance do you have to start over and pay off 20% of the refi amount or is it still 20% of the original loan amount?

When you refinace, you go by appraised value. So, in order to get out of PMI on a refi, you must have at least 20% equity in the home. This is determined by the appraisal.

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re: PMI bullshite

Posted by CajunTigerBabe on 11/15/12 at 2:32 pm to MikeBRLA

First of all, you can't turn around and refi. There is a 12 month waiting period for you to use appraised value.

Some lenders let you do up front MI (UFMI). This is a percentage of your loan. You can pay it in cash or finance it back into the loan. It would be somewhere around 1.25% depending on LTV and credit score. You would not have any monthly MI if you choose this.

Some lenders also have a 2nd mortgage option. This is the 80/10/10. Not all lenders do this.

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re: Improving credit score.

Posted by CajunTigerBabe on 11/14/12 at 3:41 pm to BACONisMEATcandy

quote:
Credit Karma says 778 right now... So I should request 10k from Amex?

What is Credit Karma? If it ain't FICO, then it ain't shite.

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re: Improving credit score.

Posted by CajunTigerBabe on 11/14/12 at 3:40 pm to Bmath

quote:
Where do I look for a card with this type of limit? Our chase freedom card bumped us up to 3200 last year, but this is dicey since we try and put most on it for cash back.

If I were to get a better card should I close other lower limit accounts?

I had a card cancel on me bc I hadn't used it in over a year. I heard this can drop my credit score.

Capital One and Citi have high limit cards. Just do some research and call around. DO NOT close the one you have. Just make a small purchase on it from time to time to give it a bump.

Money Talk

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re: Improving credit score.

Posted by CajunTigerBabe on 11/14/12 at 1:05 pm to BACONisMEATcandy

quote:
What should I ask for my limit to be if I am spend roughly 3k a month on the same card?

$10K- you dont really want to use more than 30% of your limit.

I do rapid rescoring at my office and I run scenario credit programs. My advice is legit.

Money Talk

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re: Improving credit score.

Posted by CajunTigerBabe on 11/14/12 at 12:48 pm to Bmath

quote:
After doing a little more research by only paying my statement balance I am doing what most consider paying my balance in full.

The biggest draw back is that I come close to my card limit each month. This doesnt allow for any wiggle room if I put a lot on the card two months in a row.

You need a card with a higher limit. You should come close to your limit. Again, depending on when your card reports (they only report once a month and it is a snapshot at that point in time)you could be hurting your credit score. I pull credit reports all day long. I have a lot of business guys that use credit cards for work and then get reimbursed. They pay the card off each month, but the report shows them close to their limit. This hurts your score!

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re: Improving credit score.

Posted by CajunTigerBabe on 11/14/12 at 12:45 pm to bigblake

Only a $100 balance is good. You could go down to $50 to pay less interest. When you use a card and pay it off every month (depending on when the card reports) it will show inactive. If you keep a very small balance it will report basically as a responsible use of credit and your score will go up. I only advise carring a small balance if you are actively trying to raise your score. Otherwise, you are paying interest for nothing. This does work. I have people do it all the time when I need to increase their scores.

Money Talk

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re: Spinoff: what are good ways to build..

Posted by CajunTigerBabe on 11/13/12 at 2:34 pm to bryso

quote:
quote:

Is there any way I can find out if a credit card reports to all 3 bureaus?

dont know if you find out let me know

You can pull your credit report free online once a year. You can also go to myfico.com to look at your FICO scores. I think you can buy 2 of the three scores here. You will have to pay for them. You can pull your credit and your scores as often as you want, and it won't be a hard hit. It is considered a consumer hit. Don't pay to look at any other scores unless they say FICO scores. Most other scoring sytems are bogus and aren't used for anything important.

Money Talk

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re: So Mr Bs is out for rehearsal dinner. Why the high minimums? Any ideas?

Posted by CajunTigerBabe on 11/13/12 at 11:54 am to HebertFest08

Does the $4K include alcohol? If it does, it really isn't that bad. If it doesn't, then that is way too much. We went to Arnaud's Saturday night and spent almost $200/person.

Food and Drink

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