Search found 333 matches

by ChiKid24
Tue Nov 24, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: What are you getting your s/o for the holidays?
Replies: 86
Views: 5500

Re: What are you getting your s/o for the holidays?

lthenderson wrote: Mon Nov 23, 2020 10:27 am A Cuisinart Food Processor. It is the gift that keeps on giving... for me anyway.
Do you have a particular model that you like? This is something I was considering for DW?
by ChiKid24
Thu Nov 19, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: High Interest Savings Account
Replies: 56
Views: 4314

Re: High Interest Savings Account

I just moved my High Interest Savings from Marcus to Affirm. First I heard about them was after buying a Peloton. They are the default 0% financing that Peloton uses on bike purchases, and my monthly payment goes through them. Then I saw they offered a nice 1% APY savings account. It's an online ban...
by ChiKid24
Wed Nov 18, 2020 2:30 pm
Forum: Personal Investments
Topic: Alternatives to not-so-high yield savings??
Replies: 21
Views: 1726

Re: Alternatives to not-so-high yield savings??

I moved my Marcus money to Affirm yesterday. APY is 1.0%. I also play the bank bonus game on the doctorofcredit link previously posted. Requires a little work, but bonuses of $200-$500 can juice the yield.
by ChiKid24
Tue Nov 17, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

I am unable to find a good rate for CA Jumbo loan re-finance. Any pointers or anyone on this group can share what worked for them? I looked at few threads though most options suggested LD, loan cabin, owning, etc are not that great with rates it seems You mention Owning in your list of options. The...
by ChiKid24
Mon Oct 12, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

It looks like I'm going to get charged two or three days of extra interested because of screw ups by the title company. I'm wondering who I should I ask for a refund (presumably the title company). Does anyone have recommendations about how to approach the title company (presumably) for getting a r...
by ChiKid24
Sat Oct 10, 2020 4:18 pm
Forum: Personal Investments
Topic: Best places to park around 25K?
Replies: 20
Views: 2474

Re: Best places to park around 25K?

Best return these days are bank bonuses. Search doctorofcredit.com. You open a new account, keep the money there for a bit of time, get a few hundred bucks bonus. Agree as long as you’re willing to deal with some of the hassles. If you and your (?) spouse can scrounge up another $5000, you can open...
by ChiKid24
Sat Oct 10, 2020 12:47 am
Forum: Personal Investments
Topic: Best places to park around 25K?
Replies: 20
Views: 2474

Re: Best places to park around 25K?

Best return these days are bank bonuses. Search doctorofcredit.com. You open a new account, keep the money there for a bit of time, get a few hundred bucks bonus.
by ChiKid24
Fri Oct 09, 2020 11:51 pm
Forum: Personal Consumer Issues
Topic: Improving home office setup: 1) monitor 2) webcam/audio
Replies: 30
Views: 1794

Re: Improving home office setup: 1) monitor 2) webcam/audio

At work I had one monitor directly in front in landscape orientation, and one other off to the right and angled in portrait orientation, allowing me to look at longer pages easier, plus my laptop screen to my left. You can see if that's something to try with your existing monitors. Most of the time...
by ChiKid24
Thu Oct 08, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136732

Re: My LenderFi refinance is going well

I don't think so, but know that LenderFi may black list you and not do a refi with you again. Oops :oops: I just did that. Had rate lock with Lenderfi and asked Better to beat it which they initially said no but then they beat it by $500, so switched to Better and told Lenderfi to withdraw my appli...
by ChiKid24
Wed Oct 07, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136732

Re: My LenderFi refinance is going well

Any updates from people on where there more recent refinances are being serviced? I closed 9/17 and funded 9/22... so not even 2 weeks. I have no update yet. My servicing was transferred to AmeriHome. I found out by checking the MERS system (link here: https://www.mers-servicerid.org/sis/) and saw ...
by ChiKid24
Wed Oct 07, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136732

Re: My LenderFi refinance is going well

I have a lock for 2.625 (zero cost A+B+C+E-J) at LenderFi. Another lender came back with 2.5 (zero cost A+B+C+E-J). Is there a fee to cancel at LenderFi? I don't think so, but know that LenderFi may black list you and not do a refi with you again. Oops :oops: I just did that. Had rate lock with Len...
by ChiKid24
Tue Oct 06, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: Buying a Tesla
Replies: 84
Views: 7610

Re: Buying a Tesla

I’m 77 and was considering a Y. Wife and I have very substantial federal and state government pensions and SS and over a mil in investments. I decided against buying not because of the cost but because I was afraid I would be overwhelmed by the technology. So if that’s not an issue for you, buy it ...
by ChiKid24
Fri Oct 02, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Just closed my refi with Better today Locked: 9/1 Loan funded: 9/28 Better Credits: No cost + ~3K credits Rate: 2.5% 30 yr fixed in CA Does anyone know what would be the wait period to refi again? Interactive Mortgage is offering 2.375. Is there a 6 month wait period with Better or do they take bac...
by ChiKid24
Wed Sep 30, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Just closed my refi with Better today Locked: 9/1 Loan funded: 9/28 Better Credits: No cost + ~3K credits Rate: 2.5% 30 yr fixed in CA Does anyone know what would be the wait period to refi again? Interactive Mortgage is offering 2.375. Is there a 6 month wait period with Better or do they take bac...
by ChiKid24
Thu Sep 17, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Re: Advice for mother-in-law

...She's 60 years old, self-employed, earning a couple thousand a month is my guess... It might be a good idea to look at her tax returns for the last few years. Sometimes people, even a MIL, have more assets than is immediately apparent. In regard to her business is she still running it? Can/shoul...
by ChiKid24
Thu Sep 17, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Re: Advice for mother-in-law

OP: Not sure what you seek to gain by making an annuity purchase now vs waiting a year from now when much more is known about your MIL's health prognosis. Fair point and agree waiting to get more clarity would be helpful. This is my first time dealing with cancer and my impression is so far is that...
by ChiKid24
Thu Sep 17, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Re: Advice for mother-in-law

One piece of advice I'm definitely giving her, and please correct me if this isn't sound, would be to devote the max $6k to ROTH every year. She has no sort of IRA now and no exposure to equity, so putting $6k a year in FXAIX feels like a no brainer for the tax benefits. She would have the income to...
by ChiKid24
Thu Sep 17, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Re: Advice for mother-in-law

OP: Not sure what you seek to gain by making an annuity purchase now vs waiting a year from now when much more is known about your MIL's health prognosis. Fair point and agree waiting to get more clarity would be helpful. This is my first time dealing with cancer and my impression is so far is that...
by ChiKid24
Thu Sep 17, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Re: Advice for mother-in-law

Does Social Security for the disabled apply in this case? Social security will definitely be a part of her equation. She'll get divorced spouse benefits I believe when she turns 62. Probably need to consult with some SS expert on that to better understand what it would pay. The other thing she want...
by ChiKid24
Thu Sep 17, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Re: Advice for mother-in-law

Thanks all. Definitely not a great situation but appreciate the feedback and advice. On the annuity, my thought in considering this as an option is that longevity insurance is actually the risk I want to protect against. She has enough saved to outlast her money if she only lives 5 years. It's outla...
by ChiKid24
Wed Sep 16, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1792

Advice for mother-in-law

I'm in a bit of a tough spot and looking for some help from the brain trust here. My mother-in-law was diagnosed with stage 4 cancer last year. She underwent 8 rounds of chemo which lowered her marker scores, but those have started rising and it looks like it's coming back. She just started back on ...
by ChiKid24
Mon Sep 07, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Man, I should have read this thread before locking my refi. Location: Chicago, IL Current: 382k remaining on 30 year fixed at 3.85% with 26 years left LTV: 75% Locked (Yesterday): Better 30 year fixed 2.875% ($1k) credit which means $1k cost for closing (A + B + C + E = $2k) I just found a lower ra...
by ChiKid24
Fri Sep 04, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Man, I should have read this thread before locking my refi. Location: Chicago, IL Current: 382k remaining on 30 year fixed at 3.85% with 26 years left LTV: 75% Locked (Yesterday): Better 30 year fixed 2.875% ($1k) credit which means $1k cost for closing (A + B + C + E = $2k) I just found a lower ra...
by ChiKid24
Fri Sep 04, 2020 5:51 pm
Forum: Personal Consumer Issues
Topic: Just Ordered Peloton Bike
Replies: 165
Views: 17278

Re: Just Ordered Peloton Bike

Got ours earlier this year and love it. After about a week I realized I was using a game-changer product, similar to when the iPhone came out and when I test drove the Tesla Model 3. It's simple, intuitive and fun. Like those products, I allocated a portion of my individual stock money and have seen...
by ChiKid24
Wed Sep 02, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: Carry on or Take your toys and go home ?
Replies: 102
Views: 9355

Re: Carry on or Take your toys and go home ?

The long-term annual growth rate of the S&P 500 is positive. That means it is not uncommon to be at or near "all time highs". Looking back at the last 7 years, here is the number of times the S&P hit an all time high in each of those years: 2013: 45 times 2014: 52 2015: 10 2016: 1...
by ChiKid24
Mon Aug 31, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Hi sorry I didn't get back to you on this. I started an application with Better and here's what I'm seeing. $171,013 loan, 799 TransUnion credit score 30 year 3.375% $811 points $756/mo 3.250% $1,543 $744 3.125% $2,796 $733 20 year 3.375% $322 points $981/mo 3.250% $1,050 $970 3.125% $2,023 $959 3....
by ChiKid24
Fri Aug 28, 2020 11:16 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1852
Views: 236632

Re: Post your Financial Milestone Announcements Here

I kept 50k for buying home but seattle house pricing is just made me to dream.... Being in state WA, where do i park 50k cash in savings for better return without equity ? I chase savings account bonuses with my excess cash. Just used $50k to get $500 from CapitalOne. It was FDIC insured, paid inte...
by ChiKid24
Fri Aug 28, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge bonus?
Replies: 30
Views: 2474

Re: Merrill Edge bonus?

Do I qualify if i need to transfer my roll over ira from fidelity to BOA Merrill ? Also, do i need to maintain the cost basis since its rollover ira ? Yes, IRA"s should qualify. I don't see any reason why you would need to maintain cost basis. Just a heads up I spoke with someone at ME yesterd...
by ChiKid24
Thu Aug 27, 2020 6:22 pm
Forum: Personal Investments
Topic: Need help deciding whether to pay off mortgage
Replies: 23
Views: 2619

Re: Need help deciding whether to pay off mortgage

How about doing something in the middle. 30-year mortgage rates these days are closer to 2.75% or lower on a no-cost refi, if you can get the balance below the jumbo limit (varies depending on your location) and have an LTV around 50%. So paying off a chunk to get yourself in those parameters could ...
by ChiKid24
Thu Aug 27, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136732

Re: My LenderFi refinance is going well

When going through the refinance process with Lenderfi, I remember them mentioning something about if rates drop more than 0.25% within 6 months you can refinance with them again. Does that ring a bell for anyone else and has anyone tried doing this? I can't seem to find this anywhere in my paperwo...
by ChiKid24
Wed Aug 26, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136732

Re: My LenderFi refinance is going well

Applied 8/3. Got told loan is fully approved and will hear from closing soon on 8/11. Rate lock expires 9/1. No word. Emailed 8/19 to ask if everything is okay and they said they’re swamped but should still close by today 8/26 at the latest to fund by end of month. 8/26, today, no word and consider...
by ChiKid24
Wed Aug 26, 2020 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance - do it or not?
Replies: 16
Views: 1756

Re: Mortgage refinance - do it or not?

With the mortgage refinance mega thread going on and several people I know running for refinancing their mortgages, I am starting to wonder if I am missing some boat or lifetime opportunity by not refinancing. I would like to take an opinion of this group so that I don't think "Should have don...
by ChiKid24
Fri Aug 21, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

You want to find a refi where the lender credits are large enough to cover all costs (except prepaids and escrow). Your loan balance should not increase. You should pay the prepaids and escrow out of pocket, since the prepaids are interest you would pay anyway and the escrow from your existing loan...
by ChiKid24
Fri Aug 21, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

I have two offers to refi, from Better and Lender Fi, both 30 fixed. ~$210k loan on $350 house, PA, perfect credit, well qualified. 1. 2.375%, APR 2.57% A=$4600 B=$550, includes appraisal C=$2100 total cost $7300 total interest paid over loan 40% 2. 2.5%, APR 2.60% A=$2300 B=$220, waived appraisal ...
by ChiKid24
Fri Aug 21, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

exactly. To be honest, I totally get the mentality here to not pay anything. But I think that applies more when interest rates were in the 3.5% - 5% range. Now, just roll that money into the loan, as its basically free money. That's my opinion anyways and I'm typically very cheap :-) It's also free...
by ChiKid24
Fri Aug 21, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Thanks for that perspective. I think I’m okay if that scenario plays out. What if rates go higher and I can’t even get 2.5% for $4,758? Plus, I feel like we are getting so low with rates that it’s almost free money. $4,758 for 2.375% over 30 years its only $1,722 in interest. Inflation alone more t...
by ChiKid24
Thu Aug 20, 2020 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

trying to figure out if this is a good quote for refinance. $445k loan (closing costs rolled in) with 85% LTV. A + B + C + E = $4,758. 2.375% 30yr fixed. Its my 3rd house, so I think I finally know what I want (though of course job changes could always impact that), which means I plan to be here fo...
by ChiKid24
Thu Aug 20, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

trying to figure out if this is a good quote for refinance. $445k loan (closing costs rolled in) with 85% LTV. A + B + C + E = $4,758. 2.375% 30yr fixed. Its my 3rd house, so I think I finally know what I want (though of course job changes could always impact that), which means I plan to be here fo...
by ChiKid24
Tue Aug 18, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing computers for student under 529 plan
Replies: 15
Views: 1432

Re: Purchasing computers for student under 529 plan

529 accounts are not limited to High School; I paid for my son's Desktop PC with 529 funds while he was in high school. Hopefully good for a couple years! Are you saying you purchased a computer with 529 funds for your son prior to the calendar year in which he started college?? This is the first t...
by ChiKid24
Tue Aug 18, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing computers for student under 529 plan
Replies: 15
Views: 1432

Re: Purchasing computers for student under 529 plan

529 accounts are not limited to High School; I paid for my son's Desktop PC with 529 funds while he was in high school. Hopefully good for a couple years! Are you saying you purchased a computer with 529 funds for your son prior to the calendar year in which he started college?? This is the first t...
by ChiKid24
Tue Aug 18, 2020 12:00 am
Forum: Personal Investments
Topic: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund
Replies: 30
Views: 2408

Re: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund

Have you considered FZROX? To me that would be the fund to compare to VTI. I'd probably still go VTI though in a taxable.
by ChiKid24
Mon Aug 17, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136732

Re: My LenderFi refinance is going well

Closed on my refinance last week and funding was slated for today. I didn’t receive any confirmation that funding occurred and didn’t get any responses from the lenderfi folks, so I’ll just go to bed crossing my fingers that it all went through and that I’ll wake up to see the payment on my current...
by ChiKid24
Mon Aug 17, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2028
Views: 490343

Re: Share your net worth progression

After reading thru these posts I have come to the conclusion that I need to save more...😀 Probably wrong but I haven't tracked my net worth just my 401k for the last few years. Really didnt start saving alot (besides my 401k) until about 5yrs ago. I have a taxable account and a Roth IRA now though....
by ChiKid24
Mon Aug 17, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2028
Views: 490343

Re: Share your net worth progression

I've been following this thread for some time and find it inspiring. I started tracking my account balances back in 2007 when I was 30. Most of my years before then were spent in school (4 years college, 4 years grad school). The numbers and tracking has been fine tuned over the years so more recent...
by ChiKid24
Sun Aug 16, 2020 10:50 pm
Forum: Personal Investments
Topic: Is it time to hold cash instead of Bonds?
Replies: 76
Views: 10684

Re: Is it time to hold cash instead of Bonds?

I've been playing the bank bonus game as a way to guarantee higher yield than CDs and HY Savings accounts. Example: I put $50k into Cap One Savings that pays a $500 bonus by keeping the money there for three months. Its FDIC insured, doesn't impact my credit and the interest rate was at 1.3% when I ...
by ChiKid24
Sun Aug 16, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Still haven’t heard back from WM. Initial offer was 2.5 no cost no escrow 30 years. After the 0.5 news came out. Haven’t heard from my LO after multiple attempts. Decided to talk to owning.com The best he can do is 2.625 30years $900. No escrow. I currently am at 2.875. It’s will save me around $40...
by ChiKid24
Sat Aug 15, 2020 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

Congrats. Would suggest to you and anyone else to make sure to check your post-closing calculations based on the actual day the loan funds. You will typically get a refund back from your old lender as well as the new. In the closing docs the new lender typically includes a few extra days of interes...
by ChiKid24
Fri Aug 14, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2088

Re: Home Appraisal in the times of COVID

We had an in house appraisal done. We opened all doors and windows in the house and turned on all the lights. I asked the guy to text when he got here and wear a mask the entire time. I opened the front door when he arrived to let him in then I went straight to the back yard while he did his work. M...
by ChiKid24
Fri Aug 14, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

My second refi of 2020 closed today, without any major issues. It was a bit of a bumpy ride. The person working my file for closing was nowhere near as responsive and effective as my loan officer. So up until 15 minutes before closing, there were still revisions to my closing disclosures. My loan a...
by ChiKid24
Fri Aug 14, 2020 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8042
Views: 560926

Re: Refinance Mega Thread

My wife and I just decided to refinance, to take advantage of low rates. Of course, my first step is to check in at the Bogleheads forum to get the lay of the land and advice that fits my approach to finances and investing. This thread, unfortunately, is rather overwhelming. I expect that it contai...