OK that makes more sense. There is no prepayment penalty on the vast majority of mortgages, but if it is paid off within 6 months for whatever reason, then there are major penalties to the originators. I helped someone out last year around christmas whose house sale wasn't going to close until after he needed to get into his new home for the holidays, and I was really up front "hey I know you are going to get a lot of money selling your house, please agree to make 6 payments and THEN pay it off, or else I actually will owe money for doing this loan, that is why no one else would help you because of the risk..." Of course he said no problem and of course I had a 4000 dollar fine taken out of my paycheck as my christmas present when he paid it off a week after closing. Rude, not illegal. That is just why I wanted to ask if they were encouraging people to do that inside the 6 month period because I would be rather upset at the prospect.

When did you get your loan initially? Curious about a servicer with a refinance option that is soon after closing, normally they fine the initial originator if someone refinances too soon, so I am intrigued how often that is happening

Would just caution anyone reading this thread who wants to go to capcenter or any other similarly structured internet lender that you can go to www.nmlsconsumeraccess.org and type in your loan officer and view their work history and see what kind of experience they have - depending on how straightforward someone's circumstances are, they might be fine with someone who is fairly new, and no loan officer is 100% flawless, but I think it would be valuable info if I were shopping lenders.

Maddy is delightful, congrats on the new house!

CH 13 you can get an FHA loan as soon as you have made 12 on time payments on the plan, it's just a manual underwrite which means more thorough documentation. Different waiting periods for different circumstances and loan programs- sorry not trying to pick on you just wanted to make sure there was info here for anyone maybe reading this thread and getting discouraged.

Yep, you can put 50% down on an FHA loan and the MI never drops off. I think it changed in the last 10 years but can't quite remember when.

No, even a streamline FHA at 80% loan to value will have PMI. It’s a bummer but just how those loans work

Ughhhh I would love to know who you talked to because that’s not right- there’s only a five year waiting period on conventional for multiple filings. The FHA plan is likely still the right one but I hate when people give out bad info to borrowers because it’s too much work to look up the right answer. See it all the time on the Reddit, too.

Hey there! Happy to help out any way I can, shoot me a message if you’d like or if u/mcflare92 sent you my cell then a text is great and we can set something up.

A credit union is likely your worst bet for your specific situation- they tend to have more stringent qualification requirements for credit history and score than other lenders.

SUVs can wear on suspensions more so that smaller cars if this is your first one. 70k miles is low but some of the rubber components are going to wear on those more with years exposed to elements versus miles being used, so if you were driving a standard 15k miles a year, that’s right around when I expect those items to all need replaced. Not unheard of at all.

It sounds like it worked out great!

It still blows my mind there are whole industries where people do that much interviewing. I would be somewhat less than thrilled to be expected to take that much time off my current job to do unpaid BS for another employer.

I would look for an internal medicine specialist at a vet hospital versus a cat specialist. I love Dr Miller from when I lived in charlottesville so I drive to her when needed, but there may be someone similar in richmond if your cat doesn't travel: https://vavetspecialists.com/veterinarian-charlottesville-va/