Search found 359 matches

by easye418
Fri Sep 11, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

just locked 2.625% 30 year in TX with LenderFi.

:sharebeer

Started with 3.75%>3.25% no cost + $2500 AMEX credit> 2.625% no cost
by easye418
Fri Sep 11, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

coconutpolito wrote: Fri Sep 11, 2020 1:25 am
easye418 wrote: Thu Sep 10, 2020 1:45 pm you guys are getting great rates.

In TX, LTV 78%, 2.875% 30 year, with a $2800 lender credit.
I was just offered a 30 yr for 2.5% (no closing costs) or a 25 yr loan for 2.625 (no closing costs). I'm in SoCal.
Incredible. I've called around other lenders, I am still hitting the 2.875% no cost for here in TX.

Does anyone feel like they are the only ones who get lost in the black hole of lender's voicemails while everyone else is scoring unreal rates? Because I do.
by easye418
Thu Sep 10, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

beingzero wrote: Thu Sep 10, 2020 2:42 pm
easye418 wrote: Thu Sep 10, 2020 2:18 pm can anyone give me someone to talk to at Loan Cabin?
I have tried several numbers and they all go to VM.
Got it. Thanks.
by easye418
Thu Sep 10, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

can anyone give me someone to talk to at Loan Cabin?
by easye418
Thu Sep 10, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

you guys are getting great rates.

In TX, LTV 78%, 2.875% 30 year, with a $2800 lender credit.
by easye418
Thu Sep 10, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

I have the Better credit sitting in my AMEX ready to get cut to check.

Is there any data on potential clawback?

I refi-ed quickly to get the credit @ 3.25%, but now, LenderFi can offer me a 2.875% no cost re-fi.

Just want to make sure, want to get in before December new refi fee hits.
by easye418
Thu Jul 16, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

It has been confirmed multiple times that you did not have to be targeted by Amex to take advantage of the offer. Not sure who you follow up with if you don't receive the credit though. I contacted American Express' "Digital Assistance" Team @ 800-297-7500 (I originally called the number on my card and got transferred 5x before they found the right people to help me). Better sends Amex the funds to apply to the card, but Amex has opened an investigation to contact Better and check on that for me. They did remind me that 8-12 weeks is 3 months, but usually folks are paid out sooner than 3 months. I am NOT worried about getting the funds, but I don't want to muck around with it too much and have been sitting tight/antsy until it po...
by easye418
Thu Jul 16, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

How long after closing did you guys receive your Amex credit? I know it says 8-12 weeks. But curious if it really takes that long. I did a search in a reddit AMEX discussion site and found that people are reporting that they got their credit in a about a month. I wish I was that lucky. I'm past two months now. At this point, I haven't proceeded to schedule closing on my new refi with Better until the old refi's credit posts to my Amex. I’m down to refi again if the opportunity arises. But I just afraid that it might mess up the Amex credit. But I’m also a worry wart. Sometimes. Lol Good lord, I did not think that rates would fall through the floor! :o I closed with Better @ 3.25% (they suck imo) but I am waiting on the $2500 credit. I am g...
by easye418
Thu Jun 18, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

I already did appraisal with Better.com and have the report, but I may have to find a new lender now because Better.com has some issue with my 2nd mortgage that I’m keeping. They were supposed to let me know whether they can proceed by yesterday, but they didn’t. Better.com was really good when they wanted my business but then after I locked it’s been a completely different experience. The processing expert doesn’t respond to my emails and doesn’t call me when we have an appointment. Thankfully I didn’t have to pay for appraisal because of the AMEX deal. If I switch lenders now, would I be able to transfer the appraisal from Better.com to the new lender? What issue are they having? I'm in process now and am also keeping my 2nd (or at least...
by easye418
Thu Jun 18, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Buzzhead wrote: Thu Jun 18, 2020 12:13 pm So far not impressed with Better.com. They seem worse to me and your"concierge" is a joke- always unreachable. I'd bail if it weren't for the $2500 amex credit after closing.
Agreed, process has been horrendous, the team sucks. Disorganized, the first lady I talked to was ignorant. I thought about bailing but the $2500 credit makes any other deal not make any sense.

I locked too early (3.25%) but hey, can't time the market perfectly. $2500 costs - $1815 lender credit -$2500 Amex Credit = $1800 gain.

Lenderfi was able to get me to 3.0% with $1,100 lender credit, 6 year breakeven. I think I will be out of this house in 4 so don't want to gamble.

Oh well, money is money. I shave off 4 years of payments this way. Win
by easye418
Thu Jun 11, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Regardless, I think the timing is a bit unfortunate for me, because the 30-year fixed rate mortgage average published on stlouisfed.org is actually Freddie Mac's Primary Mortgage Market Survey (http://www.freddiemac.com/pmms/). They explain that the rates reflect loans offered Monday through Wednesday : Survey reminder emails are sent out on Mondays and lenders are asked to respond by close of business Wednesday. If we have received no response on Tuesday, we follow-up with a reminder email on Wednesday morning. We receive a few responses on Monday, but most responses are returned on Tuesday with the balance received on Wednesday. So, in general, the PMMS rates reflect loans offered Monday through Wednesday Last week, 10 year treasury rate...
by easye418
Thu Jun 11, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

LenderFi quoted me 3.0% with $1,100 credit (or 2.875% with $250 in points). I am almost at the finish line with Better but I am seeing if they will throw me a bone.

Currently locked at 3.25% with $1700 credit, if they match, it would be 3.0% with $600 credit. $1100 difference or 2.3 yr break even.
by easye418
Tue May 19, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Has anyone refinanced in Texas? I am not able to find these sub-3% rates without points (and forget no-fee refinance). I'm wondering what my Texas neighbors are finding. I locked a 3.25% 30 year for no cost (when you including the Better credit, I make $1000). Since I have to subordinate a 2nd lien, that is the best I am getting. Presumably you are not talking about the Better Amex promo and instead their “beat by at least $1,000” offer? If so, just note that the latter is not guaranteed. They often do it, but not always. For me, they didn’t even match it and were $150 more expensive than the competing offer, but I proceeded anyways because of the Amex promo. I am talking about the Better AMEX credit. I also used the "match' feature. ...
by easye418
Tue May 19, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

new2bogle wrote: Mon May 18, 2020 3:50 pm Has anyone refinanced in Texas? I am not able to find these sub-3% rates without points (and forget no-fee refinance).

I'm wondering what my Texas neighbors are finding.
I locked a 3.25% 30 year for no cost (when you including the Better credit, I make $1000). Since I have to subordinate a 2nd lien, that is the best I am getting.
by easye418
Thu Apr 23, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Made an account here to say thanks to everyone contributing to this thread. I was able to score a great deal because of you guys. I used the Amex deal thru better.com so it’s a 50/50 chance of getting the statement credit but I still had a great deal even if it doesn’t work out. I was 3 years into a 30 yr loan at 4.125% and refinanced with Better at 2.75% on a 15 year loan at 2199 plus taxes/title which is right around 2500 total with everything. So if I do end up getting the Amex credit then this will be a complete wash. I was able to get a better rate at aimloans and had them price match and Better also waived the appraisal fee. They have been communicating quickly and so far I am happy with how the process is going. I am located in Miss...
by easye418
Tue Apr 21, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

db79 wrote: Tue Apr 21, 2020 7:33 am I locked last night with AIM 30yr 3.25% with $90 lender fee - I'll be coming down from 4.125% and 10 months into a 30yr. They are providing a credit for appraisal as I was able to have the appraisal waived. Was waiting for 3.125% with no/low fee but over the long haul the difference between 3.125 vs 3.25% is minimal.
Agreed. I was waiting for the same thing. I got closing down to $2k on the 3.25% but I am subordinating a 2nd lien which I take a huge rate hit. With the Better credit, it will be a no cost refi.
by easye418
Mon Apr 20, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

First time refinancer hopeful. When you all say ‘closing costs’, are you referring to what you will be paying out of pocket at closing, or are you referring to the whole kit and caboodle: Origination fees Discount points Appraisal fee Title-Lender Title Insurance And the list goes on....to $11K! Rolled into the loan they said. I received an offer of 2.99% @ 30yrs with an 3.29 APR. This is with 2.4 points at $6,747 3.5%(3.56 APR) with no points but this doesn’t seem beneficial to me(or is it?) Currently at 3.875 so the 3.29 is seemingly nice. It would save me $153/month. My inevitably inaccurate calculations tell me it would take 6yrs to break even, which is ok since l don’t plan on moving.(11,000/$153/12=6yrs) Any insight why my fees are m...
by easye418
Sun Apr 19, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Someone on this thread had mentioned Northpointe. So, I reached out to them to get an estimate. They sent me a Closing Costs Worksheet. I sent that to Better to ask if they could beat that price. Better mentioned that I need to get an official loan estimate for them to determine if they could do a price match. Will Northpointe send an official loan estimate? Do I have to apply for a loan and pay a deposit before receiving an official loan estimate? Also, Northpointe is including Appraisal fee ($400) in their estimates although the appraisal will be waived (I believe Better checked that our current mortgage is with Fannie Mae and confirmed it'll be waived). Better cannot exclude the appraisal fee from the estimate before doing a price match...
by easye418
Fri Apr 17, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

wootwoot wrote: Fri Apr 17, 2020 8:46 pm
easye418 wrote: Fri Apr 17, 2020 8:42 pm LenderFi was great when I spoke with the guy, website a bit clunky.

I have to subordinate a 2nd loan but he still got me at 3.25% for low closing cost. Take the Loan Estimate to Better for the $2500 credit. Would have went with him if it wasn't for the $2500 credit. Better.com is a bit difficult to work with.
When you applied at LenderFi what was the no-cost refi rate?
3.375% was $900, 3.25% is $2100 ($900 lender credit - $3000 closing costs (title in TX is expensive). I suppose true no cost would be the 3.5% and I would get a few bucks back. I am getting the $2500 credit from Better so I don't mind paying a bit.
by easye418
Fri Apr 17, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

LenderFi was great when I spoke with the guy, website a bit clunky.

I have to subordinate a 2nd loan but he still got me at 3.25% for low closing cost. Take the Loan Estimate to Better for the $2500 credit. Would have went with him if it wasn't for the $2500 credit. Better.com is a bit difficult to work with.
by easye418
Fri Apr 17, 2020 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Got pretty much a 30 year 3.25% no cost refi using the Better AMEX credit. Might just take that.

I had a 3.375%, $1k cost cash out refi but the appraisal didn't come back.
by easye418
Thu Apr 16, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Dang, I am tempted to do the Northpointe 2.625% 15 year just offered instead of the 3.375% 30 year (cash out refi). Tough choice. Think I am leaning 30 year for flexibility if necessary.

Edit: LOL nevermind. Northpointe wanted like $9K in points to get to 3.375% on a 30, gonna keep my 3.375% 30 for $1k instead.
by easye418
Thu Apr 16, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Can you provide any additional info on your loan? I've checked LenderFi 3 times throughout the day and the best no cost rate was 3.75. 510k conforming (bringing in a little cash to get down to this balance), ~30% LTV (SF bay area with a lot of appreciation over the last 7 years), excellent credit scores. Let me know if you want any other info. It seems like you have to apply and talk to someone as the rates I was offered over the phone were lower than what I was seeing on the site. Thank you that is helpful. When checking today the rates dropped from 3.75 to 3.5 no cost refi. I'm tempted to apply and see what they have to offer on the phone. If I could get a no cost 3.25% or lower 30 year I'd be really happy. That's what I did. System botc...
by easye418
Thu Apr 16, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

MTZ wrote: Wed Apr 15, 2020 10:50 pm Bit the bullet and locked 3% 30yr fixed with LenderFi today. We were offered 3.125 no cost or $400 for the 3%. We spent the $400.

I feel like rates may drift downward and maybe hit bottom in June but I'd rather just get this thing closed and start enjoying the lower payment, it's a lot of savings coming from 3.75.
Would love to get this (3%), applied on LenderFi right now. waiting to talk to someone.
by easye418
Wed Apr 15, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Currently:

3.75%, 30 year, $289K 318 months left

5.99%, 20 year, $24K 144 payments left

New:

3.375%, 30 year, $313K, total closing cost $3.5K - $2.5K credit = $1K

Lender kinda pushed me to lock in so they could get the appraisal going. She said if rates drop, they could still match.

Payment will go from $1671 +$78 PMI to $1384, monthly savings $365.

I was told a cash out refi is usually 1/8 of a point higher than a regular 30 year. I was really looking for 3.25% so this kinda did it for me. Plus to consolidate the loans and having $2.5K credit + free appraisal made it pretty easy.

How did I do?
by easye418
Wed Apr 15, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

hm, my lending threw out the idea of doing a cash out refi to scoop up my home improvement loan.

Current: 3.75% 30 year $1450 P&I, and 5.99% 20 year $221 P&I. $1671 total.

New: 3.375% 30 year, $1406, $3445 closing (inc $1000 lender credit)


or I could always do the Northpointe 2.75% 15 year for just the primary.

Better.com is doing the free appraisal anyways so that will be great. I am just waiting to see if they can match the lender above and wipe out all my cost.
by easye418
Tue Apr 14, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Hey guys, sorry I am little confused. currently: $289K out of $314k, 4 years into 30 years @ 3.75% new: 30 year @ 3.25%, $3K closing ($2500 better credit) OR 15 year @ 2.65% (2.75% APR) One lender said I would be insane to reset to 30 year for 3.25%, he said I should only be looking at 15 year. Is he right? My criteria for a 30-year reset is: 1) no cost 2) at least a 0.5% rate reduction I think in the current environment that you could do better than 3.25% particularly if you can afford to wait. But if there’s any chance you can lose your job I’d do the 30-year sooner than later. In case of job loss, a 30-year is much more affordable. Still, I would think you could get 3% for no cost if you shop around a bit. Personally I’m waiting for 30-...
by easye418
Tue Apr 14, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

need403bhelp wrote: Tue Apr 14, 2020 5:47 pm
easye418 wrote: Tue Apr 14, 2020 5:38 pm Better had terrible rates. They wanted me to pay $7K in pts for a 3.25% 30 year. I was floored at how bad it was. Even with the credit and free appraisal, it doesn't make sense.
They will beat any other lender’s loan estimate by $1000. Google better price guarantee. Combines just fine with $2500 credit through AmEx offer.
thank you. this helps.
by easye418
Tue Apr 14, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Better had terrible rates. They wanted me to pay $7K in pts for a 3.25% 30 year. I was floored at how bad it was. Even with the credit and free appraisal, it doesn't make sense.
by easye418
Tue Apr 14, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Hey guys, sorry I am little confused. currently: $289K out of $314k, 4 years into 30 years @ 3.75% new: 30 year @ 3.25%, $3K closing ($2500 better credit) OR 15 year @ 2.65% (2.75% APR) One lender said I would be insane to reset to 30 year for 3.25%, he said I should only be looking at 15 year. Is he right? In 2012, I did a no cost/no points/no escrow account refinance. We just paid for the appraisal fee upfront and it was refunded back at closing. I have a 30-year fixed rate mortgage at 3.235%. I’m hoping to refinance again and have not been able to find anything under 3% without having to pay something out of pocket. It looks like it could possibly happen in the weeks ahead, though. As a side note, I’ve found that not having an escrow ac...
by easye418
Tue Apr 14, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Hey guys, sorry I am little confused. currently: $289K out of $314k, 4 years into 30 years @ 3.75% new: 30 year @ 3.25%, $3K closing ($2500 better credit) OR 15 year @ 2.65% (2.75% APR) One lender said I would be insane to reset to 30 year for 3.25%, he said I should only be looking at 15 year. Is he right? My criteria for a 30-year reset is: 1) no cost 2) at least a 0.5% rate reduction I think in the current environment that you could do better than 3.25% particularly if you can afford to wait. But if there’s any chance you can lose your job I’d do the 30-year sooner than later. In case of job loss, a 30-year is much more affordable. Still, I would think you could get 3% for no cost if you shop around a bit. Personally I’m waiting for 30-...
by easye418
Tue Apr 14, 2020 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1276754

Re: Refinance Mega Thread

Hey guys, sorry I am little confused.

currently: $289K out of $314k, 4 years into 30 years @ 3.75%

new: 30 year @ 3.25%, $3K closing ($2500 better credit) OR 15 year @ 2.65% (2.75% APR)

One lender said I would be insane to reset to 30 year for 3.25%, he said I should only be looking at 15 year. Is he right?
by easye418
Mon Jan 27, 2020 5:13 pm
Forum: Personal Investments
Topic: Re-invest my RMD: Up 401K % or open ROTH IRA?
Replies: 3
Views: 591

Re-invest my RMD: Up 401K % or open ROTH IRA?

So I think I kinda screwed this up (nothing CRAZY but still not optimal) 2019 gross MFJ income: ~$205K (won't be this high in 2020, probably $185k, had a sign on bonus and bonus pay out in same year) - $125K sitting in an inherited IRA going over the 30 year stretch withdrawal rule, I believe it is traditional. No fed withholding from RMD. - $30K sitting in a traditional IRA Each year, I take an RMD from the i-IRA and then turn around and throw it back into the t IRA. I have been doing this for several years. Each tax year I get a statement from Vanguard and I pay the taxes on the RMD. I believe I should never have opened the t IRA and should always have opened a ROTH IRA. So I have the $2,100 sitting in cash in my checking and don't know w...
by easye418
Thu Jan 17, 2019 9:49 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 82085

Re: John Bogle has died at age 89

Thank you Jack and RIP.
by easye418
Tue Apr 11, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 3587

Re: Need help picking term life policy (updated 04/10)

Term life insurance is cheap at your age. We got ours at about your age when we had our first child. I suggest the 30yr term for $1M for each you and your wife. We got that and it was about $700/yr for female, $900/yr for male. Since it's cheap, don't skimp with a 20yr policy or less than $1M. You don't want the policy running out when your youngest kids(s) is just entering college. (We each purchased an additional $500K policy when we had kids 3 and 4) We got ours through selectquote.com. Very easy. gave us 3-4 AAA rated policies to choose from. I like that idea of adding on policy if we have kids 3-4. And I agree, I just want to be covered for the younger years of my children's life so 30 year works well. I am going to get my wife a poli...
by easye418
Mon Apr 10, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 3587

Re: Need help picking term life policy (updated 04/10)

So I ended up going through my insurance company (Amica), they have highest rating A+, they were extremely fair on my past history (both parents passing), and I got approved for a 30 year, $1MM for $78 dollars a month (plus it will knock $42 dollars off my car insurance). I got approved for the 2nd best health rating, I guess I was knocked for taking a prescription for my jaw. Not to mention, I didn't really like working through independent brokers and they were pretty persistent on getting my business. It's convertible to permanent at the 15 year mark. Anything else I need to be aware of? I have a feeling if all goes well, I will be redoing the policy within the next 5 years anyways. Just good to be covered now. This takes me to 58, which ...
by easye418
Fri Mar 24, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 3587

Re: Need help picking term life policy (updated)

Agent #1 sounds good, agent #2 a little over the top. Standard is probably correct best-case for psoriatic arthritis with those meds, possibly standard-plus as a stretch. Agent #1 sounds good, agent #2 a little over the top. Standard is probably correct best-case for psoriatic arthritis with those meds, possibly standard-plus as a stretch. I agree. I think agent #2 is either being dishonest or ignorant about why people need life insurance. Those who are either empty-nesters or don't have any kids/spouse/any other dependents may not necessarily need life insurance. Thank you for the responses. Agent #2 is actually pushing Universal life on me as well. "Protective Universal Life" lock in the $1MM for then when I get to the 21st yea...
by easye418
Fri Mar 24, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 3587

Re: Need help picking term life policy

So I went through TERM4SALE and spoke with 2 independent agents (I was tired after the 2nd so I just let the 3rd know I am educating myself)... Wow-wee. You really need to be careful with those calculators, Preferred Plus health rating..... :oops: Both agents were actually quite informative... 1. Not really opinionated on "how much/how long", more focused on client understanding policies, understanding on how companies will look at the client's history and deem them health worthiness, wants to look at the facts. Seems like a straight shooter, honest guy. 2. "You cannot afford NOT to have life insurance". Very salesy, so happens to be from New York moved to Florida, long timer, told me a bunch of stories about clients dro...
by easye418
Mon Mar 06, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 3587

Re: Need help picking term life policy

Your parents' history of cancer with one of them dying prior to age 60 complicates your picture a bit. There are only a few insurance companies that will offer you a preferred plus rate. Make sure you're applying with one of those companies. An independent agent should be able to steer you to the correct company. As for the 30 vs. 20-year term, I'd go with the 30-year. You won't even be 50 in 20 years, and, while you might be doing well now, stuff happens. If you decide you don't need the policy after only 20 years, just stop paying the premiums then. I would go for the 30 year policy, especially if you're going to have 1 or more kids in the next few years. A 30 year policy will ensure the surviving spouse will have extra money to raise al...
by easye418
Mon Mar 06, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 3587

Need help picking term life policy (updated 04/10)

Hello, I was on TERM4SALE.com and I really am undecided on really how much and how long of a policy I need? Here is the relevant info: Me: 28/Male/Both parents died of cancer (mother at 55 (Breast)/father at 62 (fatty tissue)/Non Smoker/ Healthy Wife: 27/Female/Both parents still living/ Healthy/ Non Smoker Me: $112K base Wife: $75k base Son is on the way in July. Plans to have 1-2 more (3 total) within the next 5 years. Assets: $526K (that is probably light, more like $550k) Debts: $413K (aggressively paying it off now 8-) ) My initial thought was 30 year, $1MM for myself and 30 year, $500-$750K for my wife. However, after looking, I was almost considering dropping it to a 20 year term because should we really need life insurance past 50 g...
by easye418
Mon Feb 15, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help with shopping 30 yr rates...
Replies: 5
Views: 1317

Re: Help with shopping 30 yr rates...

All, I am looking for some wisdom here as I am trying to get the best possible rate on a 30 year mortgage. This will be my 2nd mortgage (1st was at 4.125%). What are the best places to search? I have a guy I use but I want to keep him honest and make sure I am getting the best loan for my family. I was always using PenFed 30 year fixed as a benchmark (currently 3.627% APR). Looking to lock in sooner than later. Thank you! :sharebeer I used the CNLs last time I refinanced from the Mortgage Professor and got the best deal anywhere: http://www.mtgprofessor.com/ShoppingReasons/CertifiedNetworkLenders.html These could also be helpful: http://www.mtgprofessor.com/a%20-%20umls/list_of_upfront_mortgage_lenders.aspx I then go to the big online prov...
by easye418
Mon Feb 15, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my mortgage
Replies: 30
Views: 3549

Re: Should I refinance my mortgage

jjface wrote:
easye418 wrote:
bosabad wrote:I am 34 years old and my wife is 29, and we are debating if we should refinance our 30 years fixed mortgage and would like to

2. 30 year fixed
- Rate : 3.125%
- APR : 3.299%
- Monthly Payment : $1,477
- Closing Cost : $8,632
I echo the other poster.... where are you finding a 30 year at 3.29% APR? I am going to lock in to a 30 year mortgage rate fairly soon and would love to get in at that rate.
They may be paying points for that rate.
That doesn't seem outrageous. Maybe I need to look at buying a few points.
by easye418
Mon Feb 15, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Help with shopping 30 yr rates...
Replies: 5
Views: 1317

Help with shopping 30 yr rates...

All,

I am looking for some wisdom here as I am trying to get the best possible rate on a 30 year mortgage. This will be my 2nd mortgage (1st was at 4.125%).

What are the best places to search? I have a guy I use but I want to keep him honest and make sure I am getting the best loan for my family. I was always using PenFed 30 year fixed as a benchmark (currently 3.627% APR).

Looking to lock in sooner than later. Thank you! :sharebeer

Also, to buy points or to not buy points?
by easye418
Mon Feb 15, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my mortgage
Replies: 30
Views: 3549

Re: Should I refinance my mortgage

bosabad wrote:I am 34 years old and my wife is 29, and we are debating if we should refinance our 30 years fixed mortgage and would like to

2. 30 year fixed
- Rate : 3.125%
- APR : 3.299%
- Monthly Payment : $1,477
- Closing Cost : $8,632
I echo the other poster.... where are you finding a 30 year at 3.29% APR? I am going to lock in to a 30 year mortgage rate fairly soon and would love to get in at that rate.
by easye418
Fri Jan 22, 2016 12:47 pm
Forum: Personal Investments
Topic: New 401k, need input on AA
Replies: 5
Views: 839

Re: New 401k, need input on AA

I don't see all of the expense ratios, but you can certainly do international with a Vanguard choice...just a matter of selecting the ratio of foreign to domestic. You also have a small cap fund, so you can replicate the total US stock market. You did not mention bonds. Do you have another tax-advantaged account for them? In your 401k what are the expense ratios charged for these funds? Vanguard Total International Stock Market Index Fund Investor Shares VGTSX Vanguard Small-Cap Index Fund Investor Shares NAESX PIMCO Total Return Bond Fund Class Q PTRQX PIMCO Income Fund Institutional Class PIMIX Sometimes the expense ratios charged in a 401k are different than the expense ratios charged to the general public, so we can't just look them up...
by easye418
Fri Jan 22, 2016 9:48 am
Forum: Personal Investments
Topic: New 401k, need input on AA
Replies: 5
Views: 839

New 401k, need input on AA

I am 99.999% sure I am going to go 100% in VFINX. However, I might not mind diversifying with a little international and 10% bonds in VFFVX. Only reason I am questioning because some of these funds I have never seen before, not sure if my company is offering me a premium choice. Thank you! Tax Filing Status: MFJ Tax Rate: 25% Federal, 0% State State of Residence: Texas Age: 26/26 Desired Asset allocation: 100% stock or 90% stocks / 10% bonds Current Portfolio: $73k in Bene IRA, $12k in tIRA, $6k 401k Salary: $135,000/Year Pre-Tax International Stock Funds American Funds EuroPacific Growth Fund® Class R-5 RERFX Goldman Sachs Emerging Markets Equity Insights Fund International Shares GERIX Oppenheimer International Small-Mid Company Fund Clas...
by easye418
Thu Jan 07, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: (Solved) Home Builder didn't put gutters yet it states it in MLS
Replies: 15
Views: 1926

Re: Home Builder didn't put gutters yet it states it in MLS

Wow. Thank you for all the responses. Apparently, the Metal Deverters are actually "FHA Gutters". All is well. That is what I thought were the gutters all along but then the builder I was speaking to called them Metal Deverters, not Gutters. There are no issues with my Foundation, I have had an inspector come out 4-5 months ago, said no signs of foundation problems. Technically, there isn't a draining issue as the water isn't there after 24 hours. The house is only 1.5 years old. I mainly was saying that for the purpose of why I need them to put them on the house. That's a relief! I'm about to put my 5th home on the market and I know how stressful it can be. It seems there is always a problem and the rules always change! I don't ...
by easye418
Thu Jan 07, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: (Solved) Home Builder didn't put gutters yet it states it in MLS
Replies: 15
Views: 1926

Re: Home Builder didn't put gutters yet it states it in MLS

Wow. Thank you for all the responses.

Apparently, the Metal Deverters are actually "FHA Gutters". All is well. That is what I thought were the gutters all along but then the builder I was speaking to called them Metal Deverters, not Gutters.

There are no issues with my Foundation, I have had an inspector come out 4-5 months ago, said no signs of foundation problems. Technically, there isn't a draining issue as the water isn't there after 24 hours. The house is only 1.5 years old.

I mainly was saying that for the purpose of why I need them to put them on the house.
by easye418
Thu Jan 07, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: (Solved) Home Builder didn't put gutters yet it states it in MLS
Replies: 15
Views: 1926

Re: Home Builder didn't put gutters yet it states it in MLS

I'm pretty sure the MLS listing sheet isn't a legally binding agreement for things like that. Mistakes happen. The MLS sheet is mostly an advertisement and the ones I used in IL specifically said at the bottom that mistakes can occur and to verify all information yourself. The only "binding" part was the Realtor commission, if it said 30% on accident instead of 3.0%, the Realtor could try and collect 30%. Perhaps that is what they are thinking of it being legally binding. However, if you look through the contract you signed with said builder, that may or may not list gutters as an improvement. If the contract has it listed but you don't have them, you may have something to work with. I don't see why it wouldn't be a legal documen...
by easye418
Thu Jan 07, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: (Solved) Home Builder didn't put gutters yet it states it in MLS
Replies: 15
Views: 1926

Re: Home Builder didn't put Gutters yet it states it in MLS

All, I am putting my house up for sale (today actually) and my new realtor noticed my original MLS listing states "Gutters" as an exterior feature. Not one single gutter is on my house and I have been fighting with eroding grass and standing water for the past 1.5 years. My realtor stated that the MLS is a legally binding document and I should have gutters on my house. I am ticked off that they failed to mention this and we have had an extremely bad rain season in Texas that last 12 months. I am most concerned about the fact that my foundation could have suffered damages from the lack of gutters. I was a first time home buyer and they told me that the metal deverters were all I needed. What can I feasible ask from them in return ...