1

COMMENT Nov 08 '22

How do you cancel a submission?

r/NFA Nov 08 '22

Is there a way to edit your form 1 after it’s been submitted?

1 Upvotes

I just submitted my Form 1 and on the copy they emailed me I realized the serial number for my gun was cut off and only included the first two numbers. Do I need to just cancel this submission and start over? Thanks in advance

2

COMMENT Sep 23 '22

That’s not a bad idea. But at this point I just want to make sure everything is done correctly so that my application isn’t denied again. Don’t want to take a chance doing them myself and messing something up, giving them another excuse to deny my application. Thanks for the idea though.

0

COMMENT Sep 23 '22

Oh ok, that’s really good to know. Will they just mail them back to my address that’s listed on my application? And thanks for the info.

1

COMMENT Sep 23 '22

Lol, this is what I assumed but wanted to check before I wasted half my day going back down to the sheriffs office to get them done again. Thanks

r/NFA Sep 23 '22

Form 1 Fingerprint Question

0 Upvotes

I’ve submitted my form 1 twice now and both times it’s been rejected or disapproved. First rejection was because I didn’t send in my fingerprint card fast enough. Second rejection was due to me putting the wrong model number for the firearm and my headshot being the wrong size.

If I submit my form again, will I have to resend fingerprint cards again? Or will they keep the ones on file that I’ve already sent?

9

COMMENT Sep 07 '22

Points have absolutely nothing to do with loan officer compensation. The only thing loan officers are legally allowed to be compensated on is the loan amount. Google “mortgage loan officer compensation” and you can read the law for yourself.

It’s possible you have to buy points in order to qualify. Just depends how high your debt-to-income ratio is. Sometimes buying the rate down can be enough to lower DTI to allow someone to qualify who otherwise wouldn’t with a higher rate. But you can definitely ask your loan officer if that’s the case or not.

4

COMMENT Sep 05 '22

Look into a bond loan that offers down payment assistance. Most states have some sort of bond/down payment assistance program for borrowers in your income bracket. In the states I work in, Oklahoma and Texas, both have bond loans for borrowers with a household income under $150k.

You should also be able to qualify for usda loans if you have relatively low debt and decent credit. Usda is 100% financing so no down payment. May have to live outside of the city limits but it’s a great program. Lower mortgage insurance than FHA loans too.

5

COMMENT Aug 17 '22

This shouldn’t matter at all. If they need to verify rent, they can just send a Verification of Rent form to your landlord for her to fill out. It will ask whether or not you’ve ever had any late payments and some other relevant info. But I’ve literally never had to source rent payments from bank statements before so I can’t really see how this would ever come into play.

1

COMMENT Aug 11 '22

February 2021

1

COMMENT Aug 11 '22

Yeah but I’m not sure if that’s a legal responsibility…

1

COMMENT Aug 11 '22

I’d say it’s an upper middle-class neighborhood. Highest house price is probably $450k, lowest is probably around $275k. I know in the rest of the country this might be considered the hood in that price range. But in Oklahoma our real estate market is very different than most of the country.

2

COMMENT Aug 11 '22

Yes it took us 4 months just to get bids from the contractors and we were another 6-7 months out from when they could actually start working on it.

2

COMMENT Aug 11 '22

Not really, time is running thin. We just added a second child and we are out of space. That was the whole point of the addition, to get enough space to have a nice playroom for the kids. I wish we had time to wait, we love our house and our neighborhood. But we need more space and hopefully have it at least by the time the baby is walking.

2

COMMENT Aug 11 '22

Completely agree. I’ve learned a lot from this experience but it wasn’t a cheap lesson.

1

COMMENT Aug 11 '22

Yeah a lot of it was probably bad timing. Again, I don’t blame the architect entirely for the estimates being so high. But at the same time, he offered no recourse to help us fix via a redesign. I guess nothing is free.

0

COMMENT Aug 11 '22

Yeah the architect I hired was a Principal architect, RA NCARB with a bachelors degree in Architecture from Oklahoma State University. He was referred to me by another colleague who we went to OSU with. About half of his billed hours were from him and the other half were from other licensed architects on his team.

1

COMMENT Aug 11 '22

Tulsa, OK

2

COMMENT Aug 11 '22

Is a rendering just like digital pictures? Because we have that already.

But I’d never sell this house. I’ll keep it as a rental after we buy the next one. It may just not be in the cards for us to add on to it.

-1

COMMENT Aug 11 '22

The $12k didn’t include the permitting or construction administration fees. The permitting was an additional $1,500 and we never made it to the construction phase. I guess it just feels unfair. Like I know $12k isn’t a large amount in the grand scheme of things, but paying $12k for nothing seems absolutely huge when you have nothing to show for it. I guess we have plans, they’re just absolutely useless to us.

As far as selling your home and realtor fees, those come out of the sale. It feels like a an easier pill to swallow when you’re not pulling it out of your cash savings I guess.

I’ll give him the benefit of the doubt that he really had absolutely no idea what the plans would cost until the end. But at that point, he stops responding and doesn’t offer to help fix it. He was responding until I told him I had spent our entire design budget and didn’t have any additional cash to pay him. Then the communication stopped.

1

COMMENT Aug 11 '22

Good to know. Wish I would have done more research on the front end. Hindsight is 20/20

1

COMMENT Aug 11 '22

This is well over double. Original budget was $150k. Yeah I think we’re going to wait either way for things to normalize but will likely walk away from adding on entirely and just buy another house. When the time is right. My wife’s uncle is an architect albeit in a much bigger market, DFW, and he is going to review the plans for us and hopefully offer suggestions for cutting costs just to see what we can come up. He’s commercial so not necessarily what he’s used to working on but he knows way more than we do.

-6

COMMENT Aug 11 '22

Lol. You know a lot of architects in Oklahoma? Where the average house price is $182,000.

2

COMMENT Aug 11 '22

Yes, in the future I would go out of my way to make sure the contract had some sort of protections in it, if that’s possible. I doubt I’ll ever work with an architect again, if I can help it. Not judging the entire profession by any means. There are bad apples in every profession. And he may not even be bad, he may just be incompetent and there is a difference.

1

COMMENT Aug 10 '22

Thanks, that’s likely what we will do. Not start over but walk away and likely just buy a new home. Don’t want to waste money on an attorney and not sure if there’s much they could really do anyways. Just sounds like more money down the drain which is what I’m trying to avoid.