Latestarter's ramblings/musings/gripes and grumbles.

@Latestarter Just finished reading the thread! Congrats on finding a place to call Home. I am hoping to follow in your foot steps in a couple of years as I start planning my "retirement". Am looking forward to hearing about the move itself and then what you do with your new place (with LOTS of pictures ).

I do have to ask though, what is a BYH Greeter/Friend?

Does than mean @HomeOnTheRange that you're eyeing joining the Texas group of BYHers? Whoop Whoop and a half a dozen Well Alrights!

A BYH Greeter is someone who tried to welcome all the new folks on BYH and a BYH Friend is someone who is just that, a friend to chat with, rant with, wish with and @Latestarter does that to a "T". We are lucky, and pleased, to have him here. You'd be surprised at what he knows!

Yes @animalmom this Son of Texas is hoping to return home soon. After reading through @Latestarter 's thread, I can see why he has those titles!! Thanks for the info!

@Latestarter, I think you can profit 250,000.00 on your sell and not pay taxes on it no matter what you do with the money.

animalmom said:

A BYH Greeter is someone who tried to welcome all the new folks on BYH and a BYH Friend is someone who is just that, a friend to chat with, rant with, wish with and @Latestarter does that to a "T". We are lucky, and pleased, to have him here. You'd be surprised at what he knows!

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Yes, I agree - Latestarter fits both designations to a "T"! And then some . . . .

Now I have a question. What is a "Golden Herd Member" and why did HomeOnTheRange get it after being a member only one day???

Inquiring minds want to know . . .

Not that I'm jealous or anything.

@Devonviolet - I paid my $20 bucks...

Devonviolet said:

Yes, I agree - Latestarter fits both designations to a "T"! And then some . . . .

Now I have a question. What is a "Golden Herd Member" and why did HomeOnTheRange get it after being a member only one day???

Inquiring minds want to know . . .

Not that I'm jealous or anything.

Just curious . . .
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You can update your account. It's $12 for 6 months and $20 for one year. Not sure what the benefits are though...

HomeOnTheRange said:

@Devonviolet - I paid my $20 bucks...

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Wellll, it shows to go ya, what money will buy ya these days!!

HomeOnTheRange said:

@Devonviolet - I paid my $20 bucks...

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What are the benefits of it?

Oh man Babs... I SOOOOOOooooooo hope you're right! Either way, the exemption/exclusion if required (used to was years ago, last I recall) or no longer factored unless above $250K... I'm def down with that either way. I just don't want to lose any more of it for ANY reason!

OK, so just got off the phone with NFCU and "David"... So I now have loan pre-approval (Oh gee! Thanks! After I did all your work for you!), with the stipulation that the 3 debts I'm carrying get paid off. No problem, had intended to do that regardless. So, good to go you'd think ,right? NOPE! Not just yet... So they throw up some MORE road blocks...

I need to pay for the VA appraisal up front, no problem, SOP. But THEN he informs me that if the appraiser states that the property can be used to generate income, then it would be a farm, and they won't do the loan. So I ask him if he's serious... I mean the back of the property is wooded and I could generate income from timber sales. There are fields... I could generate income from hay sales. I mean for Christ's good sake, it's an acreage property, it goes without saying that some income "could" be generated. The fact that I'm not buying it for that purpose (to run a business/make a profit) makes this a huge potential issue/problem! So I told him I wanted the appraiser's name and contact info so that if they blow this loan up I can get it re-issued through another lender. He told me 48 hours after they receive the appraisal I'll have a copy. I explained that typically that's provided at closing, but early suits me.

So THEN he tells me just paying off the credit debts is not sufficient... even providing written proof from the creditor is insufficient... They need to wait and verify it through the credit bureaus to accept it as fact That could take up to a week So they want 2 weeks between closes Even though one of them is THEIR OWN ACCOUNT, and the proceeds from the sale will be wired into my account WITH THEM! to verify funds to close!

Then he asks if I have proof of the earnest money and proof of the option money paid to the seller to allow the property inspection. and they want a copy of the property inspection. I told him both were paid by check drawn on my NFCU account so they can verify it easy enough. Then told him I don't know why they feel they need a copy of the home inspection report as it has nothing to do with the loan. They will have an appraisal that I'm also paying for, for them. They don't need a copy of a report I'm paying for for me, and I won't provide it to them.

Then he says he needs a receipt and report from the termite inspection. I informed him that the seller pays for the termite inspection so I won't have a receipt for that, and the report would be provided to the lender of course. It's part of doing a VA loan or any other really depending on what part of the country you live in.

I openly told him that I can't for the life of me understand why they keep throwing up road blocks to doing this loan. I told him with my past experiences doing the loan for here, and what I've been dealing with trying to get this loan done, I feel as If they are just setting me up to body slam me. They just keep throwing up reasons they won't do the loan. I once more told him It's a golden loan that will NEVER go into default! I'm putting over 25% down and agreed to go even higher if necessary. My income won't stop until the nation ceases to exist or I die. It's a govt pension for God's sake. It will go away if the govt goes away. My credit is excellent. I've been with them for over 20 years, and they AREN'T SELLING THE LOAN! It's not like they have to worry a potential buyer will balk at any portion of it. They are so afraid that if they do this loan I might be able to make money from it somehow... They want it so only they can make any money from it. I just want to scream!