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What do you think about this C3 1969 Chevrolet Corvette Convertible with side pipes, big block.
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July has been a very hectic month for you and Doreen, Peter. A lot has happened especially with the mortgage process and bumps towards closing. Moving is a huge deal. All the years worth of furniture, belongings, moving to a new area and a brand new home. To top it off, you adopted Bullet, a five month old Doberman Pinscher. Five month old puppies are a handful. They have so much energy that it can and will drain anyone out. I got Chase when he was seven months old and boy was he a handful. They will make you laugh though. Take a lot of pictures and videos because it is once in a lifetime moments. I still look back at pictures and video clips of my late dogs who passed. Anyway, lots of great lifechanging events happened to the Arcuri Family. Talk to you soon, my friend.
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Bari Beef, in Elgin, Illinois, is a restaurant that serves Italian beef sandwiches that are popular in Chicago and the surrounding areas. Italian beef sandwiches comprise thin slices of roast beef served on an Italian roll and often topped with hot giardiniera or sweet peppers.
What sets Bari Beef’s Italian beef apart from others? I cannot provide exact information on how they prepare or make their sandwich unique compared to any other place because I am still determining it. However, there can be differentiating factors among these establishments, such as types of spices used for seasoning meats and cooking methods applied during preparation stages, like grilling over open fire pits versus baking them slowly inside ovens till tender enough, etc. Still, since there are no confirmed facts regarding what exactly bari does differently than elsewhere, I won’t be able to answer this question precisely.
When was Bari Beef created, and who currently owns it in Elgin? I don’t know the real dates when this establishment came into being, nor am I aware of its present proprietors’ identities. This kind of local business-specific knowledge may change over time without wide coverage.
Has anyone written any reviews lately for Bari Beef? Unfortunately, there is no way to access the restaurant’s current review data. On different occasions over varying durations, people give restaurants mixed bad, bad best, and ratings; hence, I would need more time to accurately respond to whether most reviews were positive, negative, or average.
For more up-to-date information about Bari Beef, try checking local directories listing businesses within your area. If available, look through their official site – if they have one- to get recent info, including prices offered, etcetera. Another option involves reading the latest posts made by customers on well-known online platforms where individuals post feedback after having visited various eateries within cities nationwide. Alternatively, consider asking around residents living near Elgin town center since some may be conversant with current news concerning reputations enjoyed by different diners in that region.
https://restaurantguru.com/Bari-Foods-South-Elgin
restaurantguru.com
Bari Foods in South Elgin - Restaurant menu and reviews
I recommend you to visit the restaurant Bari Foods. Find more about this place with Restaurant Guru App.
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For the better, I hope. Peter, hope everything is going well with you, Doreen, and your family on your move to your brand new home. Waiting for you to post tons of pictures of Bullet and your new home. Let’s connect soon, my friend.
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Another funny prank call video clip
https://www.facebook.com/share/v/dWb1WMYqTA4mhsUB/?mibextid=D5vuiz
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Hilarious funny prank call video clip
https://www.facebook.com/share/r/4GsWqJogH1eBPcHD/?mibextid=D5vuiz
facebook.com
Quaker Twitter Review gone Wrong #prank 😂😂
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Here’s a cute video clip of 18 month old Chase. Chase loves ❤️ 😍 💖 ❣️ 😍💕 💘 his red ball.
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Sure. The rule of net tangible benefit (NTB) is one of the important guidelines of HUD, the parent of FHA, for streamlining refinance loans. It was formulated to ensure that a borrower gets real benefits from refinancing their existing FHA-insured loan. Let us examine this further:
Objective Of Net Tangible Benefit Rule:
- Safeguarding borrowers against unnecessary refinancing.
- Preventing predatory lending practices.
- Ensuring there are clear financial gains for the borrower.
Key Requirements: Combined Rate Reduction:
- The new combined rate (interest rate plus annual MIP rate) should be 0.5% lower than the combined rate on the current mortgage.
- For instance, if your present interest is 4% with an annual MIP of 0.85% (totaling 4.85%), then your new interest should be at most 4.35% (3.5% + 0.85%).
Term Reduction:
- Whereby, if a shorter term is chosen for a new mortgage, its combined rate must stay within the existing mortgage’s by more than two percentage points.
Total Mortgage Payment Reduction:
- The new total mortgage payment, comprising principal, interest, and MIP, ought to be at least 5% less than the previous one.
Additional Considerations:
Seasoning Requirements:
- At least six monthly payments must have been made on the borrower’s current FHA-insured loan.
- At least six full months should pass between the first payment date due under the mortgage and the closing date of the original one being replaced.
- A minimum of two hundred ten days must have elapsed since the initial closure date for the mortgage being refinanced through a streamlined refinance transaction.
Payment History:
- All monthly installments for any twelve-month period prior to case number assignment need to be paid within the month they are due.
- One late payment not exceeding thirty days during the last twelve months.
Maximum Mortgage Amount:
- The maximum mortgage amount is limited to the outstanding principal balance of the original loan being replaced and sixty days’ interest together with UFMIP.
Documentation:
- Lenders are required to document and keep evidence of net tangible benefit (NTB) to borrowers.
- Normally, this includes comparing terms between existing mortgages and proposed new ones.
Exceptions: Refinancing an adjustable-rate mortgage (ARM) into a fixed-rate mortgage is exempted from the 0.5% point reduction requirement but still should meet NTB in other ways.
Importance For Borrowers: Makes sure that refinancing is truly beneficial not only for generating fees by lenders
Enables borrowers to avoid moving into even worse financial positions through refinances.
Sets clear yardstick against which possible advantages of refinancing can be assessed
Lender Responsibilities:
Lenders must carefully evaluate and document NTB for every streamlined refinance and certify that their loan satisfies HUD’s FHA Streamline Refinance Loans requirements.
Failure may attract penalties or sanctions against them
Potential Benefits To Borrowers:
- Lowering monthly payments.
- Reducing interest rates charged on loans.
- Shortening loan durations.
- Moving from adjustable rate mortgages (ARMs) to fixed-rate ones.
It should be remembered that while the rule provides a standardized method for evaluating benefits, people should look at their financial situations and long-term plans before deciding whether or not to refinance their homes. This means minimum levels are required, but a refinance could still be unfavorable depending on individual circumstances.
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Gustan
AdministratorJuly 22, 2024 at 3:49 pm in reply to: OTC NEW CONSTRUCTION LOANS ON CONVENTIONAL LOANSOne-Time-Close (OTC) New Construction Loans on Conventional Loans
How It Works
A One-Time-Close (OTC) New Construction loan finances both the construction of a new home and the permanent mortgage after construction is completed. This loan type combines the construction loan with the permanent mortgage into one loan, which means there is only one closing, reducing closing costs and streamlining the process.
Eligibility Criteria
Credit Score: A minimum credit score of 620 is normally required, but some lenders may have higher requirements.
Income and Employment: Steady employment history with stable and sufficient income.
Debt-to-Income Ratio (DTI): Lenders usually allow a DTI ratio of up to 45%, but sometimes, up to 50% might be accepted if strong compensating factors exist.
Down Payment: Typically between 5% – 20% depending on lender/borrower creditworthiness.
What You Can Build
The following can be built using OTC New Construction Loans:
- Single-family homes
- Multi-family homes (up to 4 units)
- Modular homes
- Manufactured homes (with some restrictions)
Mortgage Process
Pre-Approval: Get pre-approved by your lender to know how much you can borrow.
Choose a Builder: Pick out an approved licensed builder for your project.
Loan Application: Fill out a loan application and the plans and specifications for your new home.
Appraisal: An appraiser will assess what they believe will be worth once completed and built!
Closing: Close on both construction loans & permanent mortgages at once!
Construction Phase: As each stage progresses, funds are released to the builder in stages, who uses them accordingly until completion, when this becomes unnecessary as everything has already been paid off.
Completion: Once complete, this converts into a regular mortgage, so there’s no need for another closing!
Down Payment Requirements
Standard Conventional Loans typically require a down payment of between 5% and 20%; however, some programs may allow for lower down payments with private mortgage insurance (PMI).
Credit Score Guidelines
Minimum Credit Score: Typically 620 but can be higher depending on lender requirements for better terms.
Debt-to-Income Requirements
Maximum DTI: Usually 45%, but higher ratios might be permitted if compensating factors exist.
Types of Properties
- Single-family residences
- Multi-family units (up to 4)
- Modular and manufactured homes (subject to lender restrictions)
Additional Considerations
Builder Approval: The builder you choose must get approved by your lender before any work begins!
Construction Timeline: Construction should typically be completed within a year or so at most to save money and avoid paying extra interest!
Interest Rates: Interest rates can either stay fixed throughout the loan period or fluctuate according to market conditions; they might also differ during the construction phase compared to permanent ones.
OTC New Construction Loans offer borrowers a hassle-free process when building their dream home as they only have one closing, thus saving them time and money. However, you must deal with an experienced OTC lender who will help guide you through these steps and ensure everything runs smoothly from start to finish.
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