# Finally moving up....

**URL:** https://forums.speedlife.net/t/finally-moving-up/254936
**Category:** Shift518 Off Topic
**Created:** [October 7, 2010, 7:12pm UTC](https://forums.speedlife.net/t/finally-moving-up/254936 "2010-10-07T19:12:16Z")
**Posts on this page:** 1
**Showing post:** 22

<div class="post-metadata">

### Author: ![offroadzj](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/offroadzj/32/6428_2.png) [@offroadzj](https://forums.speedlife.net/u/offroadzj)
#### Post date: [October 9, 2010, 5:41am UTC](https://forums.speedlife.net/t/finally-moving-up/254936/22 "2010-10-09T05:41:13Z")

</div>

> [@Windshield? any hook ups?](https://forums.speedlife.net/t/windshield-any-hook-ups/35626/16):
>
> Um… you got snookered last time.  
> #1- every real estate attorney I know gets paid upon closeing… knowing they sometimes dont get paid, much like a realtor, if it doesnt close… nature of the business  
> #2 a single family apprasial is generally $350… never higher thand $425 from the many I know  
> #3 No idea what other fees were involved, other than application fees, which are often $200 or less… and processing fees, which are refunded if rejected.  
> #4 FHA story with additional underwriter is an odd story. FHA is a type of loan a bank offers, thats backed by the gov. ODD
> 
> Best of luck this time around! What bank are you using?

Ok so apparently I was a little off on the figures (everything was done in my wife and mother-in-law’s name so I only got bits and pieces from each). I guess the appraisal fee was around $800 or so, inspection was $500, lawyer fee was around $300-$400, and then some other small fees; and it was NOT an FHA underwriter, but the bank’s head underwriter. So it wasn’t as bad as I thought before but still sucked to pay for something and get absolutely nothing out of it. And I know that its the nature of the business for the realtor, but I still felt bad b/c she was absolutely great and spent countless hours with us… and then ended up with nothing. Going through SEFCU.

> [@Windshield? any hook ups?](https://forums.speedlife.net/t/windshield-any-hook-ups/35626/17):
>
> so are you moving out of your moter in-laws rental house? or are you building a garage?

Getting the hell out of this money pit… lol.

> [@Roc V Blo Possible Track Day Poll](https://forums.speedlife.net/t/roc-v-blo-possible-track-day-poll/35617/23):
>
> I’ve got a question, how important is it to have 10% down these days or in this current market. I remember someone telling me if you dont have atleast 10% down dont even try to get a mortgage for a home

I wasn’t expecting to actually get approved so we have been putting our money towards paying stuff off and have very little saved up for a down payment. With an FHA loan, its only a minimal 3.5% down… but FHA is a little anal when it comes to the house condition… and apparently has gotten even more anal. There can’t be any peeling paint on the exterior, no major holes/damage on the interior, etc. But with the low down payment, and good rate, its worth it.

---

_[View the full topic](https://forums.speedlife.net/t/finally-moving-up/254936)._