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Re: Have to pay PMI even after dropping below 80 LTV?

The law is specific to two situations in which the loan servicer must cancel PMI. First, when the loan amortization schedule shows the borrower has reached 78% LTV based on the original value, as was the case in that other thread. Second, when the principal balance reaches 80% LTV of the original v...
by batpot
Tue Mar 18, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Have to pay PMI even after dropping below 80 LTV?
Replies: 8
Views: 887

Re: Have to pay PMI even after dropping below 80 LTV?

The law is specific to two situations in which the loan servicer must cancel PMI. First, when the loan amortization schedule shows the borrower has reached 78% LTV based on the original value, as was the case in that other thread. Second, when the principal balance reaches 80% LTV of the original v...
by batpot
Tue Mar 18, 2014 1:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Have to pay PMI even after dropping below 80 LTV?
Replies: 8
Views: 887

Re: best cash back credit card

The Discover card also offers some really good consumer protection features at no additional fee. If you buy something and it goes on sale, send them proof, and they'll send you a check for the difference. I've done this a couple times, and it was a very simple process. if you have a business, ink f...
by batpot
Tue Mar 18, 2014 12:43 am
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 20359

Re: Have to pay PMI even after dropping below 80 LTV?

eh...that didn't answer my question at all.

perhaps I wasn't clear enough...
If my house appraises for MORE than the original financed appraisal, are they required to drop the PMI payment at 78 ltv, relative to the new appraisal?
by batpot
Tue Mar 18, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Have to pay PMI even after dropping below 80 LTV?
Replies: 8
Views: 887

Have to pay PMI even after dropping below 80 LTV?

My value has gone up, not down, and based on current market value, I should now be at the 80 LTV threshold, but of course if I'd have to get an appraisal to prove it, which would be worth it. However, when I inquired, my mortgage processor told me that in order to assess dropping PMI, they take the ...
by batpot
Mon Mar 17, 2014 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have to pay PMI even after dropping below 80 LTV?
Replies: 8
Views: 887

Re: Send text messages from PC to cellphone?

When I had Sprint, they had the option to do this via their website by logging in. It would make the text message look like it came from your Sprint phone number. I don't know if other carriers have this options or not; I expect they do.

Nowadays: google voice.
by batpot
Thu Feb 27, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Send text messages from PC to cellphone?
Replies: 6
Views: 423

Mortgage Lenders in Seattle Area

I've definitely learned a lesson here...or at least, I think I know which questions to ask next time we do this. I had plenty of time to get this stuff squared away, and I neglected to do so, and am now caught scrambling. We had an offer accepted on a house on Monday, and now need to secure financin...
by batpot
Wed Jan 29, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lenders in Seattle Area
Replies: 4
Views: 454

Rolling over post-tax 401k dollars to a backdoor Roth IRA

This seems to be the most comprehensive article I can find on this topic: http://www.napa-net.org/news/technical-competence/case-of-the-week/case-of-the-week-converting-401k-plan-after-tax-accounts-to-roth-iras/ I believe everything listed there is true for our 401k plan; post-tax dollars are kept s...
by batpot
Mon Sep 16, 2013 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rolling over post-tax 401k dollars to a backdoor Roth IRA
Replies: 4
Views: 442

Re: Help with rebalancing my 401k

I made the elections, but noticed something: everything available in the 401k are fund of funds, so the 0.05% ER (which seemed exceedingly low), is actually on top of whatever other funds they're purchasing. Here's the front of the summary of the S&P 500 Index available through my 401k: The Fund...
by batpot
Fri Aug 23, 2013 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with rebalancing my 401k
Replies: 3
Views: 297

Help with rebalancing my 401k

So I've moved everything into index funds, and I'm aiming for a 60/20/20 allocation with US Stocks/International Stocks/Bonds. Only one index fund is available for the International Stock and the Bond so those decisions are pretty easy. I'm not sure how to allocate the US stocks between the followin...
by batpot
Wed Aug 21, 2013 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with rebalancing my 401k
Replies: 3
Views: 297

Re: Annuities and VULs: Why must they be different funds?

its earnings are tax-free like a Roth, and the whole life insurance policy would provide a safety net for your heirs. uh ... you may want to check that, a VUL's "earnings" aren't like a Roth, and aren't tax free. Whole life is an inefficient way to accumulate assets for your heirs, if tha...
by batpot
Thu Aug 15, 2013 1:52 pm
 
Forum: Investing - Theory, News & General
Topic: Annuities and VULs: Why must they be different funds?
Replies: 4
Views: 321

Annuities and VULs: Why must they be different funds?

We met with some advisers a few months ago who were pushing us unto a VUL. Long story short, when they said that excel couldn't show me how they got the values in their samples, we walked. It's obviously complex, and accordingly somewhat counter to the "boglehead philosophy", but I can see...
by batpot
Thu Aug 15, 2013 11:57 am
 
Forum: Investing - Theory, News & General
Topic: Annuities and VULs: Why must they be different funds?
Replies: 4
Views: 321

Re: Asset Allocation for a couple in their early 30s?

Tortoise wrote:
batpot wrote:The auto rebalance feature is nice, but I'm kind of fishing for recommendations on AA...


What's wrong with Mr. Bogle's advice of age in bonds?

So something like 50/20/30 Total US stock/Total Int'l stock/Total US Bond could be appropriate for you.


Seems like as good a measure as any.
by batpot
Thu Aug 15, 2013 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a couple in their early 30s?
Replies: 7
Views: 948

Re: Asset Allocation for a couple in their early 30s?

Vanguard's Target Funds are excellent because they rebalance for you. Choose the one with the asset allocation you want instead of based on the year. The auto rebalance feature is nice, but I'm kind of fishing for recommendations on AA... As it happens, VASGX is actually exactly what we opened the ...
by batpot
Wed Aug 14, 2013 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a couple in their early 30s?
Replies: 7
Views: 948

Asset Allocation for a couple in their early 30s?

I've been looking at a few of the "targeted" funds for 2040 and 2045 range, and they seem to have a current AA on the order of 90/10 stocks/bonds for a number of years, which seems very aggressive/risky. It seems most suggest not going more than 80/20, and many with the "lazy portfoli...
by batpot
Wed Aug 14, 2013 9:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a couple in their early 30s?
Replies: 7
Views: 948

Re: FPL Capital Management?

it can't just be a coincidence that "bogleheads.com" redirects here:
http://am.fplcapital.com/vanguard-us-equity-folio/
by batpot
Tue Aug 06, 2013 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: FPL Capital Management?
Replies: 8
Views: 939

Re: What's in your wallet? (credit cards)

this topic also exists...and is very recent: :oops: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=120428 Some notable highlights: Citi Forward card: 5% back on restaurants, bookstores (including Amazon, apparently), music and video stores, and movie theaters. Chase Ink: 5% back on cell pho...
by batpot
Sat Jul 27, 2013 3:22 pm
 
Forum: Personal Consumer Issues
Topic: What's in your wallet? (credit cards)
Replies: 18
Views: 12347

What's in your wallet? (credit cards)

Currently, I carry and use regularly 3 credit cards (and charge everything I can): Capital One World MasterCard 1% cash back immediately, with a 50% bonus paid once a year, for a net of 1.5% cash-back on all purchase No foreign transaction fee (accordingly, the only card I take when I travel abroad,...
by batpot
Sat Jul 27, 2013 2:49 pm
 
Forum: Personal Consumer Issues
Topic: What's in your wallet? (credit cards)
Replies: 18
Views: 12347

Where to setup a backdoor Roth? And post-tax 401k rollovers

First question: What's the best place to setup a backdoor Roth? Where can I keep a traditional IRA with zero balance w/out an annual "low balance" fee? Or should I instead open, rollover, then close the traditional IRA once a year when I make my out of pocket contribution? Later this year,...
by batpot
Fri Jul 26, 2013 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to setup a backdoor Roth? And post-tax 401k rollovers
Replies: 1
Views: 310

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