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SVTPerformance's Chain of Restaurants
Road Side Pub
Modular/Prebfab Homes
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<blockquote data-quote="RDJ" data-source="post: 16099126" data-attributes="member: 5905"><p>LOL never claimed to get gooder at math .... (was 350.00 on reflection) </p><p></p><p>Story on the house - I decided to look because I kept seeing 0% down 0% closing signs all over. I had no money for down or closing and was well aware that they usually added the closing and down to the end of the mortgage but wanted to test the waters anyway. Told the GF at the time to start looking adn gave her a list of must haves, like to have, and oh hell no. She found a place in a couple days and when I went to look at it the sales office the lady showed me a list of houses that were already built that the builder was paying 10 points on. </p><p></p><p>I asked her what I could use that 10% for and she said anything I wanted. closing costs? yet .. down payment? yep .. I was like uhhhh wait a sec, FHA rules say that the builder can't pay the down payment. she said they had a way around it and expained the Neimiah corp to me. basically the builder donates 3.5% (3.5 points) to the Corp and then in turn Grant me the buyer 3% for may down payment. FHA rules allows a grant so it's all good </p><p>I walked into this house and it was like "Honey! I'm home" fell in love with it. gave her a check for 1k. we went to their show room, and i picked out 2 ceiling fans and a microwave to be installed. we went to closing 15 days later and they gave ME a check for 650 bucks. I walked out with a 156k mortgage on a 160k purchase. I called my dad and told him I bought a house but needed to borrow 2500 bucks so I could get a refrigerator and something to put on the windows LOL. He was more than amenable. </p><p></p><p>the living, dining room and kitchen in this place is as big as the apartment I moved out of</p></blockquote><p></p>
[QUOTE="RDJ, post: 16099126, member: 5905"] LOL never claimed to get gooder at math .... (was 350.00 on reflection) Story on the house - I decided to look because I kept seeing 0% down 0% closing signs all over. I had no money for down or closing and was well aware that they usually added the closing and down to the end of the mortgage but wanted to test the waters anyway. Told the GF at the time to start looking adn gave her a list of must haves, like to have, and oh hell no. She found a place in a couple days and when I went to look at it the sales office the lady showed me a list of houses that were already built that the builder was paying 10 points on. I asked her what I could use that 10% for and she said anything I wanted. closing costs? yet .. down payment? yep .. I was like uhhhh wait a sec, FHA rules say that the builder can't pay the down payment. she said they had a way around it and expained the Neimiah corp to me. basically the builder donates 3.5% (3.5 points) to the Corp and then in turn Grant me the buyer 3% for may down payment. FHA rules allows a grant so it's all good I walked into this house and it was like "Honey! I'm home" fell in love with it. gave her a check for 1k. we went to their show room, and i picked out 2 ceiling fans and a microwave to be installed. we went to closing 15 days later and they gave ME a check for 650 bucks. I walked out with a 156k mortgage on a 160k purchase. I called my dad and told him I bought a house but needed to borrow 2500 bucks so I could get a refrigerator and something to put on the windows LOL. He was more than amenable. the living, dining room and kitchen in this place is as big as the apartment I moved out of [/QUOTE]
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SVTPerformance's Chain of Restaurants
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