Search found 581 matches

by e5116
Fri Sep 18, 2020 3:22 pm
Forum: Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 107
Views: 14631

Re: Can I afford a $1,400,000 house

Thanks for the update, OP. Congrats on everything! I personally agree with you that this site is generally quite conservative with regards to home spending, particularly for people younger in their careers. It can be quite lucrative really to buy a house earlier on, depending on market forces and ho...
by e5116
Thu Sep 17, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

After 3 weeks of wait, was contacted by Loan Cabin over the phone to go over available rates & closing costs. The agent locked 2.5% 30Yr for $26 closing cost. I just received the LE, and am surprised to see the loan amount is 2K more than the outstanding balance on my current mortgage. That doesn't...
by e5116
Thu Sep 17, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

RE: BSI and the earlier posts expressing concern based on terrible online reviews. I asked LenderFi and they said they (LF) technically are the servicer of the loan, but simply use BSI's platform for servicing functions. Not sure if that changes anything. I have my fingers crossed.... Are there peo...
by e5116
Thu Sep 17, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

RE: BSI and the earlier posts expressing concern based on terrible online reviews. I asked LenderFi and they said they (LF) technically are the servicer of the loan, but simply use BSI's platform for servicing functions. Not sure if that changes anything. I have my fingers crossed.... Are there peop...
by e5116
Tue Sep 15, 2020 11:01 am
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 42
Views: 2941

Re: Struggling Over whether to Sell my Tesla Stock

^Yes, I agree with the above. I'd "hedge" my emotions and sell some and keep some. Then you can't be wrong!! :) You can always sell more later and then say "well, at least I already sold a bunch" or "I'm glad I held onto some for longer!"
by e5116
Mon Sep 14, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

I have been having issue with servicing post close. At the table they told me servicing would be sold, and to wait to get info from the "interim servicing" department before mailing a payment. No problem, not unusual... Never heard anything after that and finally had to call/email the week before m...
by e5116
Fri Sep 11, 2020 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

Anybody have BSI Financial Services as their servicer who closed this year? See it mentioned earlier in the thread with links to not so savory reviews so wondering if anybody has had first hand experience this year. Perhaps they've cleaned up their act. Seems like LenderFi is going to them with regu...
by e5116
Fri Sep 11, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Not sure how quick other lenders will follow but just got this email from Better “Lock now — prices go up on 9/21 As you may know, the FHFA has introduced a 0.5% fee on all refinance loans funded after November 30, 2020. That means you must lock a rate before September 21 to avoid additional costs....
by e5116
Thu Sep 10, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6320
Views: 583228

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

[...] My sheet indeed only goes up to 100 days. But also, it uses this range (that you can choose) for both correlation and volatility. From what I understand now, I should adjust it so that the correlation and volatility ranges can be defined separately. Eg. You could set the correlation range to ...
by e5116
Thu Sep 03, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Hello, first post ever on Bogleheads. I am in my first Refi (current 30yr @ 3.5%). I was tracking rates at Ally (pre-approved but not locked), when I read on this forum about Lenderfi. Today I saw a good rate at Ally and went to compare with Lenderfi. Lenderfi looked better and so I applied. During...
by e5116
Wed Sep 02, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Makes sense. Will be going with the 30 and paying the 25 year rate in that case. Love this thread - thank you! I'll provide a contrarian view on why a 25 might be better for certain situations. I actually went with a 25-year as didn't want to reset the clock on my mortgage in a residence I've alrea...
by e5116
Wed Sep 02, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Hello, first post ever on Bogleheads. I am in my first Refi (current 30yr @ 3.5%). I was tracking rates at Ally (pre-approved but not locked), when I read on this forum about Lenderfi. Today I saw a good rate at Ally and went to compare with Lenderfi. Lenderfi looked better and so I applied. During...
by e5116
Wed Sep 02, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Just wanted to give another data point here, since this thread is so helpful. State : CA Loan Amoun t: $565k LTV : ~40% Current Rate : 2.85% (First Republic) on a 30 year fixed I had just refied earlier this year with First Republic, but rates kept dropping, so was looking for a no-cost refi on ano...
by e5116
Mon Aug 31, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Holy cow. To me it looks like there are a lot of redundant or unnecessary fees in LC's LE. In addition to poking around some websites, you could try requesting a quote from Amrock. I just had to email clientrelations@amrock.com with the address, loan amount, name of lender, and the fact that it's a...
by e5116
Mon Aug 31, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

I just locked a no-cost refi with LenderFi @2.5% (30 year) having gone through the process with them in February/March (was @3.125%). A+B+C+E-Lender Credits = -$30. My numbers (credit score, LTV, loan amount) are pretty optimal I think for a good rate. I didn't have to fill out a new application. C...
by e5116
Mon Aug 31, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

I just locked a no-cost refi with LenderFi @2.5% (30 year) having gone through the process with them in February/March (was @3.125%). A+B+C+E-Lender Credits = -$30. My numbers (credit score, LTV, loan amount) are pretty optimal I think for a good rate. I didn't have to fill out a new application. C...
by e5116
Mon Aug 31, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

I just locked a no-cost refi with LenderFi @2.5% (30 year) having gone through the process with them in February/March (was @3.125%). A+B+C+E-Lender Credits = -$30. My numbers (credit score, LTV, loan amount) are pretty optimal I think for a good rate. I didn't have to fill out a new application. C...
by e5116
Mon Aug 31, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

I just locked a no-cost refi with LenderFi @2.5% (30 year) having gone through the process with them in February/March (was @3.125%). A+B+C+E-Lender Credits = -$30. My numbers (credit score, LTV, loan amount) are pretty optimal I think for a good rate. I didn't have to fill out a new application. Co...
by e5116
Sun Aug 30, 2020 8:12 pm
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: 6774

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

You can use a wholesale mortgage broker as well. United Wholesale Mortgage (which announced 1.99% 30-year rates but definitely costs points, and no idea if they do jumbo loans), Guaranteed Rate, etc. They basically do the search for you and get wholesale rates that often aren't available. Worth the ...
by e5116
Wed Aug 26, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Guys need some clarification here. So our loan funded and it is with the new lender. My fear is Lenderfi slipped in a fee in the end that I just noticed :( Based on the last page $642.99 was rolled into the closing costs of the loan. Loan Amt - $207997 Pay off amt to old lender with interest is $20...
by e5116
Tue Aug 25, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

The Fannie Mae and Freddie Mac fee has been delayed until Dec 1, 2020. https://www.fhfa.gov/Media/PublicAffairs/Pages/Adverse-Market-Refinance-Fee-Implementation-Now-December-1.aspx WOW! Game changer! Thanks for linking. Note that the December 1 date is when it gets DELIVERED to the FHA. Not the cl...
by e5116
Mon Aug 17, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Hello Everyone, I'm hoping someone can help me understand how to compare two options. So far I've only seen discussions on comparing rate quotes and fees between two lenders but haven't seen much talk about loan amount vs. payoff amount. In my specific scenario, LF provided an LE for 2.5% 30yr fixe...
by e5116
Sun Aug 16, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Protecting assets from mental disorders (e.g. Bipolar)
Replies: 24
Views: 2631

Re: Protecting assets from mental disorders (e.g. Bipolar)

In extreme situations where individual does not want to be helped, is an adult, and is at risk of considerable loss, the resolution may be to file for financial guardianship. State laws on this vary. If successful, guardian can control and disburse assets and can even be co-guardian with a third par...
by e5116
Fri Aug 14, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

I just got a letter notifying that my Lenderfi loan is sold to Wells Fargo. The letter gave my loan account number at Wells Fargo. I browsed to Wells Fargo website and tried enrolling for online access using my social and loan number. It shows the error We couldn't process your request online. Plea...
by e5116
Fri Aug 14, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

Jumbo 30 yr had a huge drop today. Lower than conforming now. This more for my knowledge - how do you determine that Jumbo is lower than confirming today? I don't see that in the MND link.. or I am probably not reading it right. Look for the "Jumbo 30" text on this page: http://www.mortgagenewsdail...
by e5116
Thu Aug 13, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

For the record, I reached out to LenderFi to ask how the 180 "no refinance" clause is counted. I was told it's 180 days from when the loan is sold so actually about 190 days from closing. Any proof they will follow through? How will they charge it? Send a bill? Dunno, I didn't ask those things.
by e5116
Thu Aug 13, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1134
Views: 101195

Re: My LenderFi refinance is going well

For the record, I reached out to LenderFi to ask how the 180 "no refinance" clause is counted. I was told it's 180 days from when the loan is sold so actually about 190 days from closing.
by e5116
Wed Aug 12, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

I just closed on my cashout refinance at 3.625% 30 years. I am eager to do another refinance to lower rates (3.25% no cost refi 30 years or 2.375% 15-year with about $3100 in closing costs). How long do I have to wait before refinancing again? My current lender said 6 months but I read over all the...
by e5116
Sat Aug 08, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth the House Upgrade
Replies: 39
Views: 2911

Re: Is it worth the House Upgrade

I don't think you need a house larger than 2900 SQ ft - that should be plenty. But you seemingly would like a house with another BR/better layout for your family. I think that's probably worth it given you said money isn't an issue but I'd look for one that is similar in size with an extra BR OR con...
by e5116
Tue Aug 04, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on reducing EFC [Expected Family Contribution]
Replies: 33
Views: 2089

Re: Need advice on reducing EFC

Keep 529 as parents contribution, not child's. Know the difference between those held in parent, child and others (grandparents, etc.) and differences/advantages. Generally, parents is better, but sometimes grandparents can be used final year to advantage. For FAFSA purposes, parent-owned and stude...
by e5116
Fri Jul 31, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

15 year at 1.875%, anyone? https://finance.yahoo.com/news/head-turner-mortgage-rates-15-060000865.html Anyone feel like this is a marketing stunt? 1) In order for them to offer 1.85 (without outrageous points), they would need to sell into 1.0 MBS and to best of my research, that hasn't been activa...
by e5116
Thu Jul 30, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

For those refinancing with Lendersfi. Which company is the loan transferred to? I see that it shows on my docs that Lendersfi will transfer the loan. Is it one of the big banks, like Chase, Bank of America, Wells Fargo, etc? Mine went to Wells Fargo immediately. Seems like that's a common one but a...
by e5116
Thu Jul 30, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448257

Re: Refinance Mega Thread

For those refinancing with Lendersfi. Which company is the loan transferred to? I see that it shows on my docs that Lendersfi will transfer the loan. Is it one of the big banks, like Chase, Bank of America, Wells Fargo, etc? Mine went to Wells Fargo immediately. Seems like that's a common one but a...
by e5116
Tue Jul 28, 2020 9:25 pm
Forum: Personal Investments
Topic: Roth IRA Idea: Burst my bubble
Replies: 35
Views: 4052

Re: Roth IRA Idea: Burst my bubble

Hi all!! Newbie here seeking some advice... Background: My wife didn't had a retirement account so I started reading to see what option she had and when reading about Roth IRA being able to withdraw any contributions (not the gains) at any moment w/o paying penalties or fees a light bulb turned on....
by e5116
Mon Jul 27, 2020 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1881
Views: 459544

Re: Share your net worth progression

It's hard to grasp the American system for a European. In most countries studying is basically free (even in the best ranked universities). How is it "free"? Who pays the professors ? :confused Tax payers / the society Yes I know we are all tax payers. But people with higher income will contribute ...
by e5116
Sun Jul 26, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1881
Views: 459544

Re: Share your net worth progression

Below is mine, mostly based on consistent savings and standard investment returns. Salary has gone up as well, particularly in last two years. These are all near year end amounts. 2007 - $21k - graduated college this year - age 22 2008 - $36k - age 23 2009 - $61k - age 24 2010 - $156k - age 25 - got...
by e5116
Tue Jul 21, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Govt Retirees Considering Relocating Permanently from IL to FL - Input and Thoughts Pls
Replies: 40
Views: 2860

Re: Govt Retirees Considering Relocating Permanently from IL to FL - Input and Thoughts Pls

By the way, why Florida? If it's not a family hub, why not San Diego? No brutal summers to contend with. Because money? Florida is definitely a jump in cost of living from Illinois but we are talking another planet of expenses to go to CA though. I agree that the weather is nice though. FL and IL a...
by e5116
Sun Jul 19, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I raid my kids college fund to buy a new computer?
Replies: 29
Views: 2735

Re: Should I raid my kids college fund to buy a new computer?

You have a net worth of $2M+ and are worried about where to take money out of for an $800 purchase? My honest opinion is it doesn't matter....it's not even worth worrying about. If you think you have too much in there and are taking classes yourself, sure take it from the 529. I'd hardly call taking...
by e5116
Sat Jul 18, 2020 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 13871

Re: Tired Lawyer, Need career and life advice

Is the question whether you have enough to quit working? If so, the answer is yes. With a $3.5MM net worth, this isn’t a “maybe” situation. It’s easy - do whatever you want. Money is not a concern. I agree. I think the really interesting question is why the OP doesn't retire even though he clearly ...
by e5116
Fri Jul 10, 2020 4:18 pm
Forum: Personal Investments
Topic: Investment strategy at 35
Replies: 30
Views: 2707

Re: Investment strategy at 35

makes complete sense. But then why would one choose dividend portfolio strategy? So confusing. Different types of companies...Some like dividend plays. Recently, those types of companies haven't done as well given tech has been exploding and usually eschews dividends. Basically, dividends help to r...
by e5116
Tue Jul 07, 2020 7:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund
Replies: 75
Views: 6115

Re: Vanguard Prime Money Market Fund

Several have stated: "+1 to online savings (with account sign-up bonus) and CDs" So ... What is the best current Online Savings and/or Checking bonus offers out there now?? Thanks Wells Fargo checking for $400 bonus with at least $4000 in direct deposit, Citi checking and savings for $400 bonus wit...
by e5116
Tue Jul 07, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 46867

Re: College in fall

Nobody polices attendance in university classes -- non-students can freely enter classrooms and attend whatever classes they want. There's a reason that universities don't police this. Virtually nobody does it. If it were the education that was desired, then people who couldn't get in, or couldn't ...
by e5116
Sun Jul 05, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: What’s important and what’s not?
Replies: 17
Views: 1782

Re: What’s important and what’s not?

Good topic. I struggle with this. I like doing quick internet searches to price compare on electronics and the like as it's easy and I derive some enjoyment out of it. However, something like house cleaning I am VERY happy to pay somebody else to do. It was a source of angst/stress in my relationshi...
by e5116
Sun Jul 05, 2020 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 46867

Re: College in fall

This. The unfortunate reality is, in this current environment, the chances of a young adult doing anything productive with a gap year are very slim. In most situations , at this time, that's the last thing I would recommend a young college student to do right now. How about a gap year doing public ...
by e5116
Thu Jul 02, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: refinance question/property taxes in two places in prepaids?
Replies: 7
Views: 310

Re: refinance question/property taxes in two places in prepaids?

We are refinancing, and got a new lower Loan Estimate from our (likely) lender (Loan Depot) b/c another bank (EagleBank) reached out to us with a lower rate. In the new loan estimate from Loan Depot, for some reason property taxes are listed twice, both in the prepaids (F) and the escrow (G). In ou...
by e5116
Thu Jul 02, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 45
Views: 4177

Re: 529 fairness?

You pose an interesting question. I know of someone who had a college fund set up for them and her two siblings. All of them had the same amount put in, but they ended up with wildly different amounts given they went to school at different times, withdrew slightly different amounts. In the end, one ...
by e5116
Wed Jul 01, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1881
Views: 459544

Re: Share your net worth progression

It's interesting to see so many people up this year in NW given investment performance. Is this selection bias? I'm about where I was in November/December 2019 still even after contributing heavily to new investments over the past 6 months. My skew to small-cap value has not helped certainly....Are ...
by e5116
Wed Jul 01, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 46867

Re: College in fall

A big part of college is learning how to live on your own and transitioning from adolescence to adulthood. I truly do not believe this happens well for those still living with parents. I fear we might be creating a whole new generation of failure to launch children! I completely disagree with this....
by e5116
Sat Jun 27, 2020 6:29 pm
Forum: Personal Investments
Topic: What is the tax-equivalent return of EE bonds?
Replies: 10
Views: 1227

Re: What is the tax-equivalent return of EE bonds?

Yeah I think my math is right so long as I remain in the 38.8% bracket all the way through those 20 years. That’s a 5% risk-free tax equivalent return. :shock: You just have to hold on very at least 20 years or else the return is much much lower (obviously). So, it's certainly not as flexible as ot...
by e5116
Fri Jun 26, 2020 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance?
Replies: 146
Views: 7724

Re: How much umbrella insurance?

In civil cases, plaintiffs can ask for a signed affidavit by a defendent of what assets they possess. Of course, defendent is under no obligation to reveal but may choose to do so if they don't have much and if they don't reveal, plaintiff often assumes they have a lot to lose....