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RedBeardedPilot 02-23-2016 10:18 AM

Home mortgage help
 
Relocating to base in MSP and looking at buying. Anyone in the MSP area have a lender that they have gone through that understands airline pilot income? I've heard stories that it's easy to run into issues since we don't have a typical 40 hour work week. Also if anyone knows of any good realtors they have dealt with in the past, any help would be appreciated!

Fourpaw 02-23-2016 10:20 AM


Originally Posted by RedBeardedPilot (Post 2073983)
Relocating to base in MSP and looking at buying. Anyone in the MSP area have a lender that they have gone through that understands airline pilot income? I've heard stories that it's easy to run into issues since we don't have a typical 40 hour work week. Also if anyone knows of any good realtors they have dealt with in the past, any help would be appreciated!


Easy answer...Wings Financial Credit Union :D

Skittles9E 02-23-2016 10:24 AM


Originally Posted by Fourpaw (Post 2073985)
Easy answer...Wings Financial Credit Union :D

I second this, great company and extremely competitive rates.

HighFlight 02-23-2016 10:49 AM

If you've ever bought a house before, try FSBO first. No need to give your hard-earned money away for nothing.

CFin 02-23-2016 11:09 AM

I bought a house this time last year and everything went very smoothly. I used a Keller Williams realtor who has a friend at SkyWest, so she got it, and Alerus Mortgaging. I'd be more than happy to put you in contact with both if you want to PM me.

B200 Hawk 02-23-2016 11:58 AM

Take your hourly rate and multiply by 1,000 for your yearly income. Then they'll ask for a paystub. Never heard of issues that way. (Personal as well)

Majerus 02-23-2016 12:24 PM


Originally Posted by HighFlight (Post 2073996)
If you've ever bought a house before, try FSBO first. No need to give your hard-earned money away for nothing.

Seller pays commission, its not gonna cost a buyer anything to use a realtor. Finding a good realtor to help you buy and negotiate would be well worth it.

Systemized 02-23-2016 12:59 PM

Bankrate.com shows lenders with the lowest rates and zero BS. Just click on the mortgage tab and input your location. Big banks never have the best terms.

Systemized 02-23-2016 01:05 PM


Originally Posted by Majerus (Post 2074055)
Seller pays commission, its not gonna cost a buyer anything to use a realtor. Finding a good realtor to help you buy and negotiate would be well worth it.

You could always pay a closing attorney(since they do all the work anyways) and negotiate a lower price without the buyers Realtor commission factored in. I'd rather sell to a buyer that's not using a Realtor.

mike734 02-23-2016 08:24 PM


Originally Posted by Majerus (Post 2074055)
Seller pays commission, its not gonna cost a buyer anything to use a realtor. Finding a good realtor to help you buy and negotiate would be well worth it.

Seller raises the price of the house to cover the commission. This has always been the case. 6% is outrageous for home in my area.


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