The New “What did you do with your Z today” (with off topic replies) XXXVI

Leingod · 05-31-2020, 12:45 PM

Pulling a few cuts of salmon out of the freezer to put over some charcoal for dinner. Breaded artichoke hearts and a salad for sides I think.

bunk · 05-31-2020, 01:09 PM

Has anyone here used their VA Home loan?

I was looking at some housing developments. Within the price range of the houses and what I could afford to put down @ 5% interest, the mortgage would be 500 dollars less than what Im paying in rent.

Spooler · 05-31-2020, 01:36 PM

Quote:

Originally Posted by bunk

Has anyone here used their VA Home loan?

I was looking at some housing developments. Within the price range of the houses and what I could afford to put down @ 5% interest, the mortgage would be 500 dollars less than what Im paying in rent.

Yes, I have. It's no big deal. Just an inspection that needs to be passed by someone authorized to do so.

bunk · 05-31-2020, 01:40 PM

Quote:

Originally Posted by Spooler

Yes, I have. It's no big deal. Just an inspection that needs to be passed by someone authorized to do so.

How do you apply for it? It looks pretty confusing just applying for it.

Im eyeing new houses so inspection should be a breeze.

Spooler · 05-31-2020, 01:44 PM

Quote:

Originally Posted by bunk

How do you apply for it? It looks pretty confusing just applying for it.

Im eyeing new houses so inspection should be a breeze.

I had help. Mortgage company knew what to do.

bunk · 05-31-2020, 02:52 PM

Quote:

Originally Posted by Spooler

I had help. Mortgage company knew what to do.

I just remembered I have USAA...

Ghostvette · 06-01-2020, 09:16 AM

Quote:

Originally Posted by bunk

Has anyone here used their VA Home loan?

I was looking at some housing developments. Within the price range of the houses and what I could afford to put down @ 5% interest, the mortgage would be 500 dollars less than what Im paying in rent.

I used mine on this house. $0 down on a 219K house, P&I w/escrow $1650. My interest rate is about 5% if I recall correctly. I did pay some $$ up front to get the rate down a little.
I may refi later this year, the rates are predicted to drop to sub 3%.

bunk · 06-01-2020, 09:25 AM

Quote:

Originally Posted by Ghostvette

I used mine on this house. $0 down on a 219K house, P&I w/escrow $1650. My interest rate is about 5% if I recall correctly. I did pay some $$ up front to get the rate down a little.
I may refi later this year, the rates are predicted to drop to sub 3%.

You can do zero down? How much were you approved for? Im getting a COE ready. Did you go through the VA or CU?

Ghostvette · 06-01-2020, 09:33 AM

Quote:

Originally Posted by bunk

You can do zero down? How much were you approved for? Im getting a COE ready. Did you go through the VA or CU?

VA is $0 down. I just had to provide a copy of my DD214 to the finance folks and they did the paperwork. Mine is financed through Planet Home Lending right now, I may go with USAA when I refi, I'd really like to go 15 or 20 years instead of 30. The $$ per month is higher than my current 30 year note. What you have to keep in mind is that they will quote you a P&I (principal & interest) amount and 'kinda forget' about the escrow amount. My escrow (taxes & insurance) runs about $440, so my P&I payment is around $1200. If I can get my P&I down to around $800, then I'll refi, otherwise, I'll stick with what I have. The house across the street from me just sold at $285K, and it needs more work than mine.

bunk · 06-01-2020, 09:41 AM

Quote:

Originally Posted by Ghostvette

VA is $0 down. I just had to provide a copy of my DD214 to the finance folks and they did the paperwork. Mine is financed through Planet Home Lending right now, I may go with USAA when I refi, I'd really like to go 15 or 20 years instead of 30. The $$ per month is higher than my current 30 year note. What you have to keep in mind is that they will quote you a P&I (principal & interest) amount and 'kinda forget' about the escrow amount. My escrow (taxes & insurance) runs about $440, so my P&I payment is around $1200. If I can get my P&I down to around $800, then I'll refi, otherwise, I'll stick with what I have. The house across the street from me just sold at $285K, and it needs more work than mine.

The monthly note numbers I came out with was from the VA Benefits mortgage calculator. Im not sure if P&I and Escrow are both included. Either way, at the price point Im looking at, it would probably still be cheaper than my current rent.

-ZS-Carpenter · 05-31-2020, 02:31 PM

We got another one boys!

Incoming "What oil should I use?" post

My new 2nd Z

bunk · 05-31-2020, 02:50 PM

Quote:

Originally Posted by -ZS-Carpenter

We got another one boys!

Incoming "What oil should I use?" post

My new 2nd Z

I just spoiled everyones fun....lol gave the new guy a break.

Rusty · 05-31-2020, 06:30 PM

Quote:

Originally Posted by -ZS-Carpenter

We got another one boys!

Incoming "What oil should I use?" post

My new 2nd Z

Threw my

in.

madwi · 05-31-2020, 03:01 PM

Took a family friend out for a ride down the road.

The z does not disappoint, it brings smiles for ear to ear.

Spooler · 05-31-2020, 04:21 PM

Quote:

Originally Posted by madwi

Took a family friend out for a ride down the road.

The z does not disappoint, it brings smiles for ear to ear.

Joby has been the only one to ride in my car. Wife was too scared to ride in it. 2000 miles after I am back up and running the first order of business is to go down to my home town and take my best friend for a ride. He has no idea what he is in for. LMAO.... When you graduate to giggles per gallon. Things can get a little weird. It is hard for folks to process what is happening or has happened. They need time for it to sink in. I know the first time I drove it hard it took a little while to process everything. It was sensory overload.

05-31-2020, 12:45 PM	#1 (permalink)
Leingod A True Z Fanatic Join Date: Mar 2015 Location: Some Place Cold Posts: 16,060 Drives: In Circles Rep Power: 2684397	Pulling a few cuts of salmon out of the freezer to put over some charcoal for dinner. Breaded artichoke hearts and a salad for sides I think. __________________ I AM FLOOF! SOMEBODY FLOOF MY HORN!! ALL HAIL THE FLOOF!!I JUST FLOOFED ON THE FLOOR

05-31-2020, 01:09 PM	#2 (permalink)
bunk A True Z Fanatic Join Date: Mar 2018 Location: Southern California Posts: 4,077 Drives: 2010 370z Roadster Rep Power: 2684370	Has anyone here used their VA Home loan? I was looking at some housing developments. Within the price range of the houses and what I could afford to put down @ 5% interest, the mortgage would be 500 dollars less than what Im paying in rent. __________________ -Drop in K&N Filter -Invidia Gemini CBE -Z1 Oil Cooler -Swift Springs - EcuTek -Forgestar F14 -SPL Camber Links -Akebono BBK Upgrade -Z1 Premium SS Lines -SPL Diff Bushings -SPL FUCAs - BellRaceworks Diff Brace Last edited by bunk; 05-31-2020 at 01:15 PM.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The New "What did you do with your Z today" (with off topic replies) Cooking Edition	Leingod	The Lounge (Off Topic)	319	09-28-2021 10:10 PM
The New “What did you do with your Z today” (with off topic replies) XXXV	Spoiler	The Lounge (Off Topic)	9999	04-08-2020 08:47 PM
The New “What did you do with your Z today” (with off topic replies) XXXIV	Spoiler	The Lounge (Off Topic)	9999	01-24-2020 05:42 PM
The New "What did you do with your Z today" (with off topic replies) XXII	eastwest2300	The Lounge (Off Topic)	10001	04-05-2016 08:15 PM

05-31-2020, 02:31 PM	#11 (permalink)
-ZS-Carpenter A True Z Fanatic Join Date: Sep 2016 Location: Illinois Posts: 2,410 Drives: 13 370z 6MT Rep Power: 2684367	We got another one boys! Incoming "What oil should I use?" post My new 2nd Z

05-31-2020, 03:01 PM	#14 (permalink)
madwi A True Z Fanatic Join Date: Sep 2012 Location: West Michigan Posts: 31,410 Drives: Granma red Z Rep Power: 2684429	Took a family friend out for a ride down the road. The z does not disappoint, it brings smiles for ear to ear.