Search found 222 matches

by xerxes101
Tue Jul 14, 2020 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Care to share your low cost /no cost 30 year fixed refi rate and lender?
Replies: 5
Views: 791

Re: Care to share your low cost /no cost 30 year fixed refi rate and lender?

Thanks all for your responses. I have a 2.94% 5/1 ARM right now that I want to convert into 30 year fixed.
Actually the 2.75% 30 year fixed from LenderFi sounds pretty interesting if I can get it..perhaps worth a shot
I would reduce my rate and convert into a fixed at the same time... :moneybag
by xerxes101
Sun Jul 12, 2020 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Care to share your low cost /no cost 30 year fixed refi rate and lender?
Replies: 5
Views: 791

Care to share your low cost /no cost 30 year fixed refi rate and lender?

Hello BH community, Looking to do a refi from a 30 year 5/1 ARM to 30 year fixed. Please tell me about the low cost / no cost fixed rate that you manged to recently get and the name of the lender. I have been following Refi Megathread to some extent which has been very helpful (that thread is gettin...
by xerxes101
Sun Jul 12, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: difficulty finding no-cost 10 yr mortgage refi
Replies: 24
Views: 1199

Re: difficulty finding no-cost 10 yr mortgage refi

Look into Third Federal if they offer re-fis in your state. In my location they have a 10 year fixed at 2.82% with a flat rate closing cost of $295. Search this site too. Many have reported good experiences. Thanks. Checked them out but still going to cost over $2400 with all the other fees. $295 i...
by xerxes101
Tue Jul 07, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 3029
Views: 232356

Re: Refinance Mega Thread

I just locked in a Zero Cost 2.625% for a 30 year fixed tonight. Loan amount was ~$410k on $675k house. I have used Costco in the past, but I used LenderFi for this. Rates seem to be about 0.25% better on the phone than when you punch in your info on the website. FYI, I refinanced about 3 months ag...
by xerxes101
Tue Jul 07, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 3029
Views: 232356

Re: Refinance Mega Thread

Just locked at 2.625% on a 20 year with LenderFi. Loan amount is a little over 450K and we're in Virginia. It's a nearly-no-cost refinance, as we'll have to pay $200 out of pocket for closing costs not covered by the $2,045 lender credit. This is the second time we refinance with LenderFi (last tim...
by xerxes101
Tue Jul 07, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 881
Views: 59711

Re: First 20% of bonds in long-term Treasuries

This is a helpful post. Thanks to OP.
by xerxes101
Sun Jul 05, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: new BoA Premium Card benefit
Replies: 31
Views: 3964

Re: new BoA Premium Card benefit

Very interesting. I also have a Travel Rewards card (though I have not used it since I got the BoA Premium Rewards card, which dominates it.) I did not get the email you got about the Travel Rewards card. FYI, I never received an e-mail for the Travel Rewards card. Instead I noticed a pop-up when I...
by xerxes101
Sat Jul 04, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: 401k Coronavirus Related Distribution to Rollover IRA - saving fees
Replies: 14
Views: 522

Re: 401k Coronavirus Related Distribution to Rollover IRA - saving fees

Here is my feedback: 1. How old are you, because if you are 59.5 years old you could do this without going through the coronavirus song and dance (you are likely younger but just in case you were not aware of this) 2. Does your 401K administrator charge any distribution fees? May not be much but you...
by xerxes101
Thu Jul 02, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Please suggest a Credit Card
Replies: 36
Views: 2347

Re: Please suggest a Credit Card

Maybe you are a good candidate for the premium rewards card from bank of America. There is a $95 fee but if you are a preferred rewards member you will get 3.5% on restaurants and travel plus $2.65% on all other purchases. You also get $100 off TSA pre-check and $100 off incidentals at airports whi...
by xerxes101
Thu Jul 02, 2020 11:03 am
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 4977

Re: Buying house without realtors

bdylan wrote:
Thu Jul 02, 2020 9:38 am
Thanks all! Very helpful - sounds like the key is getting a real estate lawyer and the rest should be fairly simple.
Also, hire the best home inspector your money can buy. Make sure you hire that inspector and not the seller.
by xerxes101
Thu Jul 02, 2020 11:02 am
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 4977

Re: Buying house without realtors

Murgatroyd wrote:
Wed Jul 01, 2020 3:13 pm
Consult an experienced real estate attorney
^^^ +1 be careful you are entering into a legally binding contract and while I agree that saving that 6% sounds attractive, you have no protection if you do this without an attorney.
by xerxes101
Thu Jul 02, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Please suggest a Credit Card
Replies: 36
Views: 2347

Re: Please suggest a Credit Card

I give a lot of credit to Bank of America Travel Rewards...because they changed the category to groceries noting exactly what you describe less travel, less eating out and more groceries...combined with a B of A or Merrill Edge account you can earn 2.625% on groceries...B of A said this change will ...
by xerxes101
Thu Jul 02, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing for INVESTMENT property
Replies: 11
Views: 822

Re: Refinancing for INVESTMENT property

Following. I have a 100k loan on our home at 3.25% interest but am unable to deduct the interest. I would like to borrow 100K on a commercial building I rent out and pay off my home loan. Our local banks charge more for commercial loans than residential. Are there any national companies that do the...
by xerxes101
Wed Jul 01, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing for INVESTMENT property
Replies: 11
Views: 822

Re: Refinancing for INVESTMENT property

Following. I have a 100k loan on our home at 3.25% interest but am unable to deduct the interest. I would like to borrow 100K on a commercial building I rent out and pay off my home loan. Our local banks charge more for commercial loans than residential. Are there any national companies that do the...
by xerxes101
Wed Jul 01, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 3029
Views: 232356

Re: Refinance Mega Thread

Locked today at LenderFi @ 2.75%, $0 out of pocket costs for 15yr Fixed Refi. Going to save 1% on my old mortgage rate. Application was painless, documentation was minimal. 57% LTV, 800+ credit score. We'll see how it goes Update: Loan officer called and got me down to a 2.5%, no additional out of ...
by xerxes101
Mon Jun 29, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing for INVESTMENT property
Replies: 11
Views: 822

Re: Refinancing for INVESTMENT property

frankandbeans wrote:
Sat Jun 20, 2020 1:51 pm
Closed earlier this week @ 2.875/15 year with Northpointe.
what were the closing costs, do u mind sharing?
by xerxes101
Wed Jun 17, 2020 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 616
Views: 154763

Re: Bank of America/Merrill Edge - Preferred Rewards

In my experience the checking account is not a requirement I don’t think this is correct. From the ME website: There are no fees to join or participate in Preferred Rewards. Here's all you need to enroll: An eligible Bank of America personal checking account Three-month average combined balances of...
by xerxes101
Tue Jun 16, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Best HELOC company?
Replies: 27
Views: 1564

Re: Best HELOC company?

Bcoleman7506 wrote:
Tue Jun 16, 2020 1:28 pm
Was thinking of using my equity to purchase an investment rental property. Does anyone know of the best place to get a HELOC?
+1 for Third Federal Savings and Loan..I have been a happy customer for over a year now...helpful and friendly staff also :beer
by xerxes101
Tue Jun 16, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 616
Views: 154763

Re: Bank of America/Merrill Edge - Preferred Rewards

Thanks for the information. i am planning to open Joint trading account to invest our savings. That will give preferred rewards status for both if needed. We have IRA/Roth/HSA with Vanguard, Fidelity and Schwab. They have options to invest money sitting in trading account into VMFXX, SPRXX and SWVX...
by xerxes101
Tue Jun 16, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 616
Views: 154763

Re: Bank of America/Merrill Edge - Preferred Rewards

I am planning to open ME trading account and get preferred rewards status. Do i need to open BofA checking account as well? If we open joint trading account, both of us can take advantage of preferred reward status. Are there any good sweep options for money sitting in ME account? Thanks In my expe...
by xerxes101
Mon Jun 15, 2020 7:54 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3647

Re: I May Need to Replace my 2005 4 Runner :(

I would consider repairing the car first because I agree that you should be able to get more miles from that engine. I would not take it to the dealer though..they will charge you a premium. If you really need to get a new car, I recommend a 2021 RAV4 Prime with about 40 miles of electric range, imp...
by xerxes101
Tue Jun 09, 2020 2:05 pm
Forum: Personal Investments
Topic: Struggling with bonds in AA
Replies: 29
Views: 2916

Re: Struggling with bonds in AA

What are peoples thoughts on a VTI/EDV 70/30 portfolio? I am in my early thirties and I was able to weather the crash with 100% VTI and thankfully did not panic. However going forward I would like to switch to a 2 fund portfolio and I am not a huge fan of corporate or muni bonds. If my career/inves...
by xerxes101
Tue Jun 09, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 3029
Views: 232356

Re: Refinance Mega Thread

I live in the northern Virginia area and am considering refinancing options. Our current lender is navy federal credit union and am considering refinancing thru them. Also looking at pennymac as a possible lender. Are there other lenders we should look at that service Virginia? Doesn’t seem to be a...
by xerxes101
Mon Jun 08, 2020 5:56 pm
Forum: Personal Investments
Topic: Fidelity HSA Investment
Replies: 31
Views: 3357

Re: Fidelity HSA Investment

I appreciate Fidelity taking care of my HSA for the .015% expense ratio of their S&P 500 fund. When I started index investing I seem to recall a .07% er for their total stock market fund. I would prefer that Fidelity go a little higher on their expense ratios than .015%. The free lunch can’t go on ...
by xerxes101
Fri Jun 05, 2020 9:34 am
Forum: Personal Consumer Issues
Topic: Bicycle Recommendation?
Replies: 49
Views: 4529

Re: Bicycle Recommendation?

I absolutely adore the shape and design of this e-bike :happy :

https://www.vanmoof.com/en-US/test-rides

You can test drive it in San Francisco right now apparently...I can't wait for it to be available in my neck of the woods
by xerxes101
Fri Jun 05, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Good Time for a HELOC
Replies: 20
Views: 1928

Re: Good Time for a HELOC

Some 122,000 borrowers with Countrywide home-equity lines of credit, or HELOCs, received letters in January [2008]. A few months later, thousands of customers of other major lenders -- including Bank of America, Chase, Citibank, SunTrust, USAA, Wachovia, Washington Mutual and Wells Fargo -- also re...
by xerxes101
Thu Jun 04, 2020 3:43 pm
Forum: Personal Investments
Topic: Newbie stupid question??
Replies: 20
Views: 1495

Re: Newbie stupid question??

I currently in a JP Morgan Bond Fund (ONIAX) with net expense of .75% and thinking about switching to a comparable Fidelity Bond Fund with lower fees. Any reason why I should not do so? (10 yr return, 4.26%) One possible reason that you may not want to do this could be potential tax consequences de...
by xerxes101
Thu Jun 04, 2020 1:07 pm
Forum: Personal Consumer Issues
Topic: Buying a used PC/desktop from eBay
Replies: 38
Views: 2005

Re: Buying a used PC/desktop from eBay

aednichols wrote:
Thu Jun 04, 2020 1:03 pm
xerxes101 wrote:
Thu Jun 04, 2020 12:54 pm

In order to best serve OP, who does not sound like a PC enthusiast, the surefire simplicity of a SATA SSD seems optimal.
Yes, I agree. I was just trying to push the technology envelope a bit :D ...it's a hobby what can I say :beer
by xerxes101
Thu Jun 04, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Buying a used PC/desktop from eBay
Replies: 38
Views: 2005

Re: Buying a used PC/desktop from eBay

Curious have you considered NVMe SSD OP mentions buying a 4th gen Haswell system, and those do not natively support booting NVMe. Only specific SSDs like the Samsung 950 Pro (discontinued) have a backwards compatibility mode that works on Haswell. Hmm...this is interesting https://i.dell.com/sites/...
by xerxes101
Thu Jun 04, 2020 10:52 am
Forum: Personal Consumer Issues
Topic: Buying a used PC/desktop from eBay
Replies: 38
Views: 2005

Re: Buying a used PC/desktop from eBay

Also, I ended up getting an i5-4590 with 8gb of ram. Should be more than good enough for what I need, hopefully for more than a few years! Ha ha I just bought the exact same system 3-4 weeks ago from e-Bay. Mine is a Dell Optiplex 3020 SFF and so far I have been very happy with it. One thing I reco...
by xerxes101
Thu Jun 04, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What is M1 Brokerage?
Replies: 6
Views: 711

Re: What is M1 Brokerage?

aristotelian wrote:
Thu Jun 04, 2020 7:47 am
They do have a pretty high transfer-out fee should you have second thoughts after trying out the platform.
wow $200 is really steep :shock:
by xerxes101
Wed Jun 03, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property depreciation - how does it interact with the standard deduction?
Replies: 10
Views: 744

Re: Rental property depreciation - how does it interact with the standard deduction?

The IRS draws a distinction between a repair and an improvement. Repairs are work that restores the property to its previous condition, like repairing a hole in the wall. Improvements increase the value of the property or extend its useful life. Some things you might think are repairs (like replaci...
by xerxes101
Wed Jun 03, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Buying a used PC/desktop from eBay
Replies: 38
Views: 2005

Re: Buying a used PC/desktop from eBay

Also, I ended up getting an i5-4590 with 8gb of ram. Should be more than good enough for what I need, hopefully for more than a few years! Ha ha I just bought the exact same system 3-4 weeks ago from e-Bay. Mine is a Dell Optiplex 3020 SFF and so far I have been very happy with it. One thing I reco...
by xerxes101
Wed Jun 03, 2020 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property depreciation - how does it interact with the standard deduction?
Replies: 10
Views: 744

Re: Rental property depreciation - how does it interact with the standard deduction?

Rental depreciation is re captured when you sell the property, whether or not you actually took it. This is a myth - it's not true. Depreciation, whether taken or not, will reduce adjusted basis. But upon sale, the amount of gain attributable to depreciation and subject to the special "recapture" t...
by xerxes101
Wed Jun 03, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Free Refinancing?
Replies: 18
Views: 1335

Re: Free Refinancing?

I've had my current mortgage for almost 3 years at 4% I have an offer to lower the rate to 3.25% on a 30 yr fixed. Lender claims all fees will be covered under a lender credit, nothing adding to the loan amount. All I am responsible for is funding my new escrow account, which I would get a refund f...
by xerxes101
Wed Jun 03, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: Buying a used PC/desktop from eBay
Replies: 38
Views: 2005

Re: Buying a used PC/desktop from eBay

crefwatch wrote:
Tue Jun 02, 2020 6:13 am
One conservative option is to use the included Windows 10 to make a reinstall drive on a (big) USB drive before removing the hard drive.
Do you now if is possible to wipe out the HDD and do a recovery using one's Microsoft OneDrive account?
by xerxes101
Wed Jun 03, 2020 11:38 am
Forum: Personal Consumer Issues
Topic: Buying a used PC/desktop from eBay
Replies: 38
Views: 2005

Re: Buying a used PC/desktop from eBay

Also, I ended up getting an i5-4590 with 8gb of ram. Should be more than good enough for what I need, hopefully for more than a few years! Ha ha I just bought the exact same system 3-4 weeks ago from e-Bay. Mine is a Dell Optiplex 3020 SFF and so far I have been very happy with it. One thing I reco...
by xerxes101
Tue Jun 02, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 41263

Re: How much is your cell phone bill?

Hmm...I get $19 per month for 3 GB... https://www.redpocket.com/ Did the price just go up? :shock: No, you're just overpaying by a little by going month-to-month directly through Red Pocket. If you buy a year at a time through eBay when they have a sale, you get better pricing. Here's the listing f...
by xerxes101
Tue Jun 02, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 41263

Re: How much is your cell phone bill?

cacophony wrote:
Tue Jun 02, 2020 2:34 am
Redpocket (AT&T network)

5GB LTE data (then 3GB of throttled data)
Unlimited talk / text

~$16 / month
Hmm...I get $19 per month for 3 GB...

https://www.redpocket.com/

Did the price just go up? :shock:
by xerxes101
Mon Jun 01, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 41263

Re: How much is your cell phone bill?

I am a volunteer mentor for an Afghan refugee family of 6 who just arrived to the US January 19. Their older children are 16, 14 and 12, and each go to separate schools. What would be the most economical way for the family to get a 5 phone plan, so they can coordinate plans with each other? Thanks ...
by xerxes101
Fri May 29, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 3029
Views: 232356

Re: Refinance Mega Thread

I locked at 3% and a $2,600 lender credit with Keystone Funding on a 30 year loan. Only $400 for the 2.875% rate, but I like going with the lender credits and making it a no-cost refinance. I'm also around 80% LTV and they took my value estimate and got an appraisal waiver, so no PMI for me for the...
by xerxes101
Thu May 28, 2020 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance Fees
Replies: 14
Views: 846

Re: Mortgage Refinance Fees

StarsandStripes wrote:
Thu May 28, 2020 5:31 pm
The new rate would be 3.5% with origination fees of just under $5000.
Does not seem like a good deal based on what I am reading on the Refinance Mega Thread.
by xerxes101
Thu May 28, 2020 1:11 pm
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 73
Views: 7838

Re: Hertz is declaring bankruptcy

That is interesting. I once bought a Camry from the Hertz used rental car lot and I had a good experience with it. Since then I periodically check their inventory and prices out of curiosity and would sometimes see good deals that would look tempting, In the last few months they have had lots of in...
by xerxes101
Thu May 28, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 3029
Views: 232356

Re: Refinance Mega Thread

I locked at 3% and a $2,600 lender credit with Keystone Funding on a 30 year loan. Only $400 for the 2.875% rate, but I like going with the lender credits and making it a no-cost refinance. I'm also around 80% LTV and they took my value estimate and got an appraisal waiver, so no PMI for me for the...
by xerxes101
Wed May 27, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2060

Re: Switching Insurance

Well, I did my first quote with Flo at Progressive. I started online, but called to finish the quote. The online quotes and telephone quotes were wildly different. Flo couldn't tell me why. Full coverage for 2 newer cars (250/500/250) for a full year: Progressive $1,222, State Farm $2,142. WIN! Hom...
by xerxes101
Tue May 26, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rates headed lower?
Replies: 69
Views: 7645

Re: Mortgage rates headed lower?

Great article outlining the challenges facing the mortgage market: https://www.wsj.com/articles/mortgage-credit-tightens-creating-drag-on-any-economic-recovery-11590431459?mod=hp_lead_pos8 Of particular note: Historically, 30-year fixed mortgage rates hover around 1.7 percentage points above the 10...
by xerxes101
Tue May 26, 2020 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rates headed lower?
Replies: 69
Views: 7645

Re: Mortgage rates headed lower?

I’ve seen small gyrations recently. I closed 10 days ago of 2.625% no closing costs on a 15-year, and one of the credit unions is now offering 2.25% on a 15-year, but with $3k closing costs. If things get to 2.25% with no cost, I’ll be refinancing again. And repeat if we continue to drop below 2%. ...
by xerxes101
Tue May 26, 2020 12:13 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 156
Views: 15546

Re: Pandemic buys that have improved quality of life?

upgrades to my laptop: Went from 4 GB to 8GB of RAM Replaced HDD with SSD Bought a case for the old 500 GB HDD and use it now as an external backup for all family photos very impressed so far with the upgrades as far as improved speed of applications, loading time and even improved speed of surfing ...
by xerxes101
Sun May 24, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Little decrease in premium after removing older car
Replies: 15
Views: 1339

Re: Little decrease in premium after removing older car

If saving on insurance is a primary reason for getting rid of an older vehicle, get an estimate on the premium for the remaining vehicles before making a decision. The annual auto insurance premiums for the current insurance year for me and my wife were listed as $455 for 26-year old station wagon ...
by xerxes101
Sat May 23, 2020 9:05 am
Forum: Personal Consumer Issues
Topic: Verizon Fios AutoPay Bad Idea?
Replies: 51
Views: 3408

Re: Verizon Fios AutoPay Bad Idea?

Is the gigabit Fios even worth it? Do people use it? How much is the actual speed? https://i.postimg.cc/LXzmSVmV/903839-FC-D0-EE-4858-8-E98-61-F3-F1242293.jpg Retry that on a wired connection... something is being throttled. I get over 900 up AND down. OP: yes Verizon’s CS sucks, but I’ve had them ...