Search found 1231 matches

by bluebolt
Tue Sep 22, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6985
Views: 464409

Re: Refinance Mega Thread

If I'm not rolling any closing costs into the new loan, should the new loan amount be equal to payoff amount to old lender? Or at least higher then payoff amount, and then the old lender can refund me? I'm trying to make sense of a CD where loan amount is lower then payoff amount. Payoff amount inc...
by bluebolt
Mon Sep 21, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6985
Views: 464409

Re: Refinance Mega Thread

If I'm not rolling any closing costs into the new loan, should the new loan amount be equal to payoff amount to old lender? Or at least higher then payoff amount, and then the old lender can refund me? I'm trying to make sense of a CD where loan amount is lower then payoff amount. Payoff amount inc...
by bluebolt
Mon Sep 21, 2020 7:52 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1223
Views: 108453

Re: My LenderFi refinance is going well

Eurookat wrote: Mon Sep 21, 2020 7:39 am my first time refinancing and I applied via lenderfi. my current balance is 283k, why would my new refi balance show 291k? I sent the LO a msg so hoping to hear back when their office is open
They could be rolling some or all of your closing costs into the principal.
by bluebolt
Sun Sep 20, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

Is it possible that the sibling living in the home will expect to keep the home and not include it in the estate disbursement due to the current arrangement? If its owned by the parents it obviously will be part of the estate, the sibling may not see it this way though. Having read Beyond The Grave...
by bluebolt
Sun Sep 20, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

.... it's neither my will nor my house, so it's not helpful for me to seek legal counsel. Parent has made it clear they are splitting everything equally among siblings. I can recommend that they seek legal counsel, except without giving a compelling reason (and maybe even with a compelling reason),...
by bluebolt
Sat Sep 19, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

To answer a few questions raised (and some that weren't): The sibling and their family have been living in this house (purchased by parent) for many years. Their share of the estate would cover the full value of this house and much more. All the other siblings would be fine with working something o...
by bluebolt
Sat Sep 19, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

Looks like an easy situation as long as there is not a material change in the parents' financial situation (like 10 years in memory care, and related costs, or one parent dies tomorrow and the other remarries), and as long as investment accounts go to the estate and are not POD/TOD. So that's somet...
by bluebolt
Sat Sep 19, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

What are in the current wil and trust provisions? j :D No trust, will says all assets divided equally among siblings. Without details in a trust or will addressing these types of things, existing conditions create a precedent, a tacit approval. It can be argued by a good estate litigator that the p...
by bluebolt
Fri Sep 18, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

Siblings would all prefer not to sell the other sibling's home. We will have to sell parent's house. All us other siblings don't want the sibling's house or contents. Estate is large enough that each share would be a multiple of the one sibling's home price. Estate is definitely split evenly among ...
by bluebolt
Fri Sep 18, 2020 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

What are in the current wil and trust provisions? j :D No trust, will says all assets divided equally among siblings. Without details in a trust or will addressing these types of things, existing conditions create a precedent, a tacit approval. It can be argued by a good estate litigator that the p...
by bluebolt
Fri Sep 18, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

I'm assuming that it would be fine to reduce sibling's disbursement by the amount of equity in the home and transfer the deed to them, but would that work? There would be an appraisal and then that amount would be subtracted out of that siblings share of the estate. In some cases you might decide t...
by bluebolt
Fri Sep 18, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

Sandtrap wrote: Fri Sep 18, 2020 4:50 pm What are in the current wil and trust provisions?

j :D
No trust, will says all assets divided equally among siblings.
by bluebolt
Fri Sep 18, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Re: Estate considerations with sibling living in home owned by parent

To answer a few questions raised (and some that weren't): The sibling and their family have been living in this house (purchased by parent) for many years. Their share of the estate would cover the full value of this house and much more. All the other siblings would be fine with working something ou...
by bluebolt
Fri Sep 18, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2641

Estate considerations with sibling living in home owned by parent

My sibling lives in a home owned by my parent. Deed and mortgage are in parent's name and there are several years left on the mortgage. Parent is making monthly mortgage payments and intent is to continue until it's paid off. Note, parent has their own paid-off home. Parent's will does not specifica...
by bluebolt
Fri Sep 18, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50764

Re: "What are we doing wrong and what are "THEY" doing right!?"

When you buy a share of VTSAX or any stock, you are buying it on the secondary market from another shareholder. The companies whose stock you are buying get no capital at all from your transaction. The only time companies directly get capital from a stock sale is when they sell stock themselves, in...
by bluebolt
Wed Sep 16, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1223
Views: 108453

Re: My LenderFi refinance is going well

Regarding rate insurance:

What's the soonest (measured in months/weeks post-close and/or post-first payment) that someone has reached out and gotten engagement from their loan officer?
by bluebolt
Tue Sep 15, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1884
Views: 461913

Re: Share your net worth progression

tibbitts wrote: Tue Sep 15, 2020 3:15 pm
Hawaiishrimp wrote: Sun Sep 13, 2020 8:43 pm 4. Just an average joe with a household income ~200k annually.
Average household income would be more like $60k/year.
Depends whether you are talking about mean or median. Mean is over $100K.
https://fred.stlouisfed.org/series/MAFAINUSA672N
by bluebolt
Sun Sep 13, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1223
Views: 108453

Re: My LenderFi refinance is going well

I contacted them. Definitely didn’t expect them to reach out to me. They service my loan, but their guarantee statement doesn’t specify that this needs to be the case. Did you just contact your original loan officer? I was told by LenderFi to contact my original loan officer once my fifth payment w...
by bluebolt
Sun Aug 30, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Just found my dream home/offer accepted, need lending ASAP and have important questions, you're my main resource
Replies: 91
Views: 6783

Re: Just found my dream home/offer accepted, need lending ASAP and have important questions, you're my main resource

I might also reach out to a mortgage broker, who can take some of the work off your plate. You may not get the best rate from them, but you will likely get a decent rate without much hassle. Recently, some of the online mortgage providers have had the best rates, but years ago, my mortgage broker wa...
by bluebolt
Thu Aug 27, 2020 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1223
Views: 108453

Re: My LenderFi refinance is going well

It's on their website. Link below. Mentions it is only good in California and is subject to change or discontinuance. https://www.lenderfi.com/disclaimer/#:~:text=Our%20Rate%20Insurance%20Loan&text=Lenderfi%20will%20pay%20all%20of,and%20FHA%20mortgage%20insurance%20premiums.&text=This%20loan%20prog...
by bluebolt
Sat Aug 22, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I become a Professional Gambler?
Replies: 84
Views: 8304

Re: Should I become a Professional Gambler?

In the long run all gamblers lose. Simple statistics. Not true. Players who are gambling against other players (e.g. Poker) can certainly win in the long run. Players who can find in advantage in games against the house can also win. Though the house is highly incentivized to prevent this (e.g. inc...
by bluebolt
Tue Aug 18, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5685

Re: Discount vs. full-price realtor

I understand that waiving an inspection can make an offer very attractive, but this is an enormous amount of risk for a buyer. I don't think I'd be prepared for that level of risk. If I were buying a tear-down or even a fixer-upper, sure. But for a move-in ready property roughly equal in value to o...
by bluebolt
Tue Aug 18, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5685

Re: Discount vs. full-price realtor

Duplicate post
by bluebolt
Sat Aug 15, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Employee Over Paid by Six Digits
Replies: 36
Views: 4058

Re: Employee Over Paid by Six Digits

Did you have any role in overseeing payroll? Do you have accountants/auditors who look over your books every year? I think it's likely too problematic to ask the employee to reimburse the funds, though obviously you should correct it going forward. If you do plan on doing anything like that, talk to...
by bluebolt
Sat Aug 15, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 103
Views: 7376

Re: [Auto insurance companies issuing refunds due to coronavirus]

FYI - if you are in a state (like MA) that requires insurers to write 12 month policies, you will get the Geico 15% discount on the 12 month policy. You have to request the 12 month policy.
by bluebolt
Tue Aug 11, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1884
Views: 461913

Re: Share your net worth progression

novemberrain wrote: Tue Aug 11, 2020 8:08 pm
kleiner wrote: Tue Aug 11, 2020 12:42 pm $2M is the point where things started to look much more comfortable for me too.
Would you mind sharing how crossing each Million felt for you psychologically ?

Curious to know what other people felt when they crossed 1,2, 3, 4, 5 +.. Millions
Pretty, pretty good. :D
by bluebolt
Mon Aug 10, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Newbie Refinance Questions
Replies: 14
Views: 1101

Re: Newbie Refinance Questions

I would contact a local bank, a local credit union, a broker, a couple of national mortgage lenders (Wells, BofA, Chase) and a couple of online lenders (AIM Loan and Lenderfi). Ask them for their rate and estimated closing costs. You can play one off another to try and get the best deal. Do not let...
by bluebolt
Mon Aug 10, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1562

Re: Spouse got a job, now have 2 HSAs

One other tricky thing to be aware of. If your spouse is not covered by an HSA and decides to fund a medical FSA, you are ineligible for the HSA since technically you are covered by their FSA. Is that assuming that they are under the same medical insurance, right? If they each have separate medical...
by bluebolt
Mon Aug 10, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1562

Re: Spouse got a job, now have 2 HSAs

One other tricky thing to be aware of. If your spouse is not covered by an HSA and decides to fund a medical FSA, you are ineligible for the HSA since technically you are covered by their FSA. Is that assuming that they are under the same medical insurance, right? If they each have separate medical...
by bluebolt
Mon Aug 10, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1562

Re: Spouse got a job, now have 2 HSAs

One other tricky thing to be aware of. If your spouse is not covered by an HSA and decides to fund a medical FSA, you are ineligible for the HSA since technically you are covered by their FSA.
by bluebolt
Mon Aug 10, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1562

Re: Spouse got a job, now have 2 HSAs

Wait a sec... I have an HSA for which I contributed $7100 a year to. My medical benefits include only our child and myself. DH has his own medical insurance at his job. We were thinking that next year he’d sign up for the high deductible medical option so that he can then contribute $3550 to it. Is...
by bluebolt
Sun Aug 09, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage pay off Laura Pitko
Replies: 6
Views: 1377

Re: mortgage pay off Laura Pitko

It's not completely clear what the strategy is. Maybe - it's cheaper to borrow at a lower interest line of credit rate than a credit card rate? That's trivially obvious. In her discussion, she completely ignores the interest payments on the line of credit. Which you can't do. And if your line of cre...
by bluebolt
Sun Aug 09, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6985
Views: 464409

Re: Refinance Mega Thread

Questions on the timing of closing and if it's near the regular monthly payment date: I received the closing doc, and it shows the amount of the loan I requested, but still shows the current loan's balance for June, and it wants cash brought to closing to cover this amount. But, it's already ~$2400...
by bluebolt
Sun Aug 09, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: 80 yo Single Male with $1.25MM in CD's (Course of Action/Inaction)
Replies: 13
Views: 1579

Re: 80 yo Single Male with $1.25MM in CD's (Course of Action/Inaction)

It depends how risk averse you are.
You could put it into CDs at 1%. You could put it into a 3 year deferred fixed annuity/multi-year guaranteed annuity between 1.5-3%.

If you are willing to take more risk, there are additional options. Are you open to risking principal?
by bluebolt
Sun Aug 09, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Large windfall - impact on financial plan
Replies: 29
Views: 3563

Re: Large windfall - impact on financial plan

There is not one easy answer but if I was in your situation I would pay it off. The reason is that investing the money and earning a higher return is harder than it sounds even though interest rates are low because you have a sequence of returns risk. At their ages and with the amount of time left ...
by bluebolt
Sun Aug 09, 2020 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Large windfall - impact on financial plan
Replies: 29
Views: 3563

Re: Large windfall - impact on financial plan

If your spouse wants to be a stay at home parent then that should be very doable. I did not crunch the numbers but if you pay off your house and with no daycare costs your expenses would be a lot lower so living on $200K should be easy. I would guess that your monthly expenses would be less than ha...
by bluebolt
Sun Aug 09, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Large windfall - impact on financial plan
Replies: 29
Views: 3563

Re: Large windfall - impact on financial plan

There is not one easy answer but if I was in your situation I would pay it off. The reason is that investing the money and earning a higher return is harder than it sounds even though interest rates are low because you have a sequence of returns risk. At their ages and with the amount of time left ...
by bluebolt
Sat Aug 08, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1223
Views: 108453

LenderFi rate insurance - share your experience

[Post merged into here, see below (next page). --admin LadyGeek] There are a handful of posts about this in the LenderFi thread (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=300733), but I thought it would be easier to start a new thread for anyone to share their experience with LenderFi ra...
by bluebolt
Wed Aug 05, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1223
Views: 108453

Re: My LenderFi refinance is going well

masterzero wrote: Wed Aug 05, 2020 7:26 am Does anyone know if LendeFi can operate in Mass?
Thanks
Yes, they can.
by bluebolt
Tue Aug 04, 2020 12:01 pm
Forum: Personal Consumer Issues
Topic: A dumb vehicle trade-in scenario?
Replies: 33
Views: 2236

Re: A dumb vehicle trade-in scenario?

Over the course of your life, you'll come out ahead if you never borrow money to buy cars. Forces you to only buy cars you can afford. You'll come out ahead if you never *need* to borrow money to buy cars. I've come out ahead by being willing to pay cash, but taking attractive financing deals at lo...
by bluebolt
Tue Aug 04, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: A dumb vehicle trade-in scenario?
Replies: 33
Views: 2236

Re: A dumb vehicle trade-in scenario?

Over the course of your life, you'll come out ahead if you never borrow money to buy cars. Forces you to only buy cars you can afford. You'll come out ahead if you never *need* to borrow money to buy cars. I've come out ahead by being willing to pay cash, but taking attractive financing deals at lo...
by bluebolt
Sun Aug 02, 2020 2:28 pm
Forum: Personal Consumer Issues
Topic: Paying cash for a new car... should I let them run my credit?
Replies: 114
Views: 9362

Re: Paying cash for a new car... should I let them run my credit?

While I would agree a credit drop is no big deal to most people here, a hard credit check stays on your credit report for 2 years, not a month. And for those with marginal credit, it can make a difference. Hard inquiries only count against your FICO score for the first twelve months (https://www.my...
by bluebolt
Fri Jul 31, 2020 9:37 pm
Forum: Personal Consumer Issues
Topic: Replacing appliances--buy dumb
Replies: 53
Views: 4350

Re: Replacing appliances--buy dumb

I bought a new dishwasher recently and it outperforms my previous one on capacity, quietness, cleaning, and drying.
I bought a new refrigerator recently and it is much quieter and more energy efficient than the one it replaced.
by bluebolt
Tue Jul 28, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6985
Views: 464409

Re: Refinance Mega Thread

Interesting, something to think about. Although, I think I am going to wait 6 months before my next refi, I don't want to burn any bridges with LenderFi. Hopefully LenderFi proactively contacts me in 6 months if rates are 0.5% lower than what I just closed on with LenderFi (2.75% 30yr fixed), it so...
by bluebolt
Tue Jul 28, 2020 10:00 pm
Forum: Personal Consumer Issues
Topic: Adding a light to an existing 3 way circuit
Replies: 26
Views: 1863

Re: Adding a light to an existing 3 way circuit

I think a Lutron Caseta switch with any number of Pico remotes (wall mount or pedestal) can do what yOu want. I am not an electrician. I have used this solution with much success for the following scenarios: 1) Adding an additional switch to an existing wired three-way switch for an entrance/top of...
by bluebolt
Tue Jul 28, 2020 9:52 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 367
Views: 46480

Re: Don't pay full price for SiriusXM radio

sambb wrote: Tue Jul 28, 2020 8:31 pm What is included, and what isnt included in the 60/year rate?
Here's the comparison of Select vs All Access. The former is the $60/yr plan:
https://www.siriusxm.com/ourmostpopularpackages
by bluebolt
Tue Jul 28, 2020 6:25 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 367
Views: 46480

Re: Don't pay full price for SiriusXM radio

As a side note I hate companies that operate like this, just tell me the price up front and don't make my subscription auto renew for outrageous prices. I can understand that position. However, the fact that they are charging others higher prices allows them to charge less to others. If there was j...
by bluebolt
Sat Jul 25, 2020 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6985
Views: 464409

Re: Refinance Mega Thread

Last month I refinanced a HELOC with a one-year intro rate of 2.99% (Prime - 2.26%) and a rate of Prime - 0.5% after that. I'm interested in refinancing a HELOC, so could you mention who you did that with? It was a local bank here in the Northeast. They don't write loans in NM. It was also a promo ...
by bluebolt
Fri Jul 24, 2020 6:32 am
Forum: Personal Consumer Issues
Topic: First time homebuyer - things to keep in mind
Replies: 31
Views: 2461

Re: First time homebuyer - things to keep in mind

stickman731 wrote: Fri Jul 24, 2020 6:14 am 4. No corner property
The other suggestions make sense to me, but why not a corner property?
by bluebolt
Sun Jul 19, 2020 9:33 am
Forum: Personal Consumer Issues
Topic: Stainless steel appliance cleaner - need recommendation
Replies: 42
Views: 2059

Re: Stainless steel appliance cleaner - need recommendation

One reviewer's opinion: The best stainless steel cleaner in 2020: TriNova, Weiman, and more . Weiman products have done well for us, but we've hardly conducted rigorous comparison tests. Good luck! +1; We too use Weiman wipes, and found them easy to use, and effective. Available at Target, Home Dep...