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Apr 2908:00 PM EDT
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Join us for a live Ask Me Anything (AMA) session with Juno’s Co-Founder, where we’ll break down everything you need to know about financing your MBA in today’s rapidly changing landscape.
Apr 3010:00 AM EDT
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Applying to business school from a finance background? Personal MBA Coach is here to help with this quick tips video on how to set yourself apart during the MBA application process!
Apr 3010:00 AM EDT
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Sia Admissions Founder Susan Berishaj will walk through why reach/target/safety produces the wrong list for many specific profiles, how admissions committees at different programs read the same background differently, and more...
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Apr 3009:00 PM IST
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May 0108:30 AM EDT
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Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered.
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05 Apr 2007, 16:19
Kudos
Bookmarks
One thing I didn't really consider was the quality of accommodations available for buy v. rent. If you have a family or are hauling around some dead weight 
then a house would be nice.
I also had incorrect transaction costs while I was thinking about it. Brokers fees will be about $20k (friend of the family discount) for me to sell my house here, but the fees would only be a few thousand dollars for places near Durham or Charlottesville.
There would be almost no way to recover the $30-40k in brokers fees I was mistakenly thinking about. I think there is zero chance I would stay on afterwards and selling seems like a big hassle to me. I understand RTP is a very nice place to live though.
then a house would be nice.
I also had incorrect transaction costs while I was thinking about it. Brokers fees will be about $20k (friend of the family discount) for me to sell my house here, but the fees would only be a few thousand dollars for places near Durham or Charlottesville.
There would be almost no way to recover the $30-40k in brokers fees I was mistakenly thinking about. I think there is zero chance I would stay on afterwards and selling seems like a big hassle to me. I understand RTP is a very nice place to live though.
06 Apr 2007, 10:50
Kudos
Bookmarks
Here are two ways to get a mortgage as a B-school student
1. Purchase the home before you quit your job. Say the property is a 2nd home or an investment property. Don't leave your job until after your loan funds. One of the last things a lender does is re-verify employment.
2. If you've already quit your job, get a NO DOC or NINA (no income no asset) loan. These loans require no income documentation or employment verification. Stated income really isn't an option because lenders still verify employment. Stating that you earn 50k a year at a job you just quit is fraud. If you still have a job or legitimate business in B-School, Stated Income would be a good option.
Option 1 will probably get you a better rate, and require less money down, but it will vary from lender to lender. If anyone has questions about mortgage stuff, feel free to send me a pm.
1. Purchase the home before you quit your job. Say the property is a 2nd home or an investment property. Don't leave your job until after your loan funds. One of the last things a lender does is re-verify employment.
2. If you've already quit your job, get a NO DOC or NINA (no income no asset) loan. These loans require no income documentation or employment verification. Stated income really isn't an option because lenders still verify employment. Stating that you earn 50k a year at a job you just quit is fraud. If you still have a job or legitimate business in B-School, Stated Income would be a good option.
Option 1 will probably get you a better rate, and require less money down, but it will vary from lender to lender. If anyone has questions about mortgage stuff, feel free to send me a pm.
