Search found 149 matches

by 3of10
Fri Nov 20, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1484
Views: 137421

Re: My LenderFi refinance is going well

Ok, so after 4 months waiting for Suntrust Refi, am initiating with LenderFi. 2.125% 15-year, 38% LTV, $2k in closing costs. Starting the clock tomorrow 10/28/20. I have a similar situation, in fact worse. a. 1 refi attempt in Jun: rate lock timed out, due to HELOC subordination delays b. 2nd refi ...
by 3of10
Tue Nov 17, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

My LoanDepot app finally went to underwriting. It's been two months, expect it take a couple more weeks. Got 30yr 2.5% on 460k loan. These days doing a refi is very frustrating. In "the good old days" you could expect 3 weeks from start to finish, no big deal. I did a refi at least once a...
by 3of10
Wed Nov 11, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Question: My loan got transfer to Mr.cooper Payment is due Nov 1st. I’m still unable to even register my account. Tried calling the customer service line and can’t get a hold of anyone. Does anyone know if they will charge a late fee or do you know if Mr.cooper has a buffer zone for new loans? Than...
by 3of10
Tue Nov 10, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 248
Views: 16249

Re: What is the single best piece of exercise equipment you bought for your home?

Rogue Power Rack - I consider it to be the best piece of exercise equipment, simply because it was the most difficult to obtain on Craigslist. They are rarely for sale. When I contacted the owner, he stated that he had already been contacted by several people who were interested, but wanted to see ...
by 3of10
Tue Nov 10, 2020 6:36 pm
Forum: Personal Consumer Issues
Topic: [Books that changed your life]
Replies: 577
Views: 62626

Re: Books that changed your life

The Bible

"Your Erroneous Zones" by Wayne Dyer - I read this book as a teenager (great timing). It gave a me great insight on the negativity of useless emotions (e.g. guilt, worry) that saps a person of their time and energy, while causing harm to the body due to unneeded stress.
by 3of10
Tue Oct 27, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

As much as I like Better's website, it's annoying that you can't view past Loan Estimates unless you know ahead of time to download each copy before it changes (pro tip for others who might be reading this). +1. As b2bserver has noted, even though a borrower has a locked LE, the LE can still be mod...
by 3of10
Wed Oct 21, 2020 7:53 pm
Forum: Personal Consumer Issues
Topic: Protein consumption strength training
Replies: 80
Views: 4579

Re: Protein consumption strength training

There have been numerous mentions of going with a protein powder/drink to add protein. It needs to be stated that these supplements are not regulated by the FDA. A 2018 CR report revealed test results for many protein powders showing "heavy metals". So, it's important to select a protein s...
by 3of10
Wed Oct 21, 2020 7:33 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 484
Views: 38899

Re: Items that are worth the money for the quality

Rogue Exercise equipment - Top tier quality (made in USA).
Zojirushi Rice Cooker
Germ-x hand sanitizer - Maybe it's just me, but it's the only hand sanitizer that I want to use.
Costco's rotisserie chicken
Mobile 1 oil
by 3of10
Sat Oct 17, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

presto987 wrote: Thu Oct 15, 2020 6:16 pmPeople's experience with a lender can be HIGHLY dependent on what LO and Loan Processor they get.
I agree. If you had a successful refi with a good LO, then if you refi again, you should contact that LO and request that your refi gets transferred over to their group.
by 3of10
Fri Oct 16, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

For people reading this thread, you aren't going to get the best rates for zero work and wanting to have zero inconvenience to yourself. If the inconvenience really is too much for you, then you will probably be stuck at 3%+ rates or hefty closing costs. To get the sub-2.75 rates with zero closing ...
by 3of10
Fri Oct 16, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: buying property owned by former(?) felon
Replies: 36
Views: 5146

Re: buying property owned by former(?) felon

Interesting. Can you talk to a real estate attorney in your area to be 100% sure? (Or, an attorney from a city nearby) The explanation I received recently was: Title Insurance for the owner would protect your purchase price. If the value goes up and there’s an issue, that’s not covered. Watch for n...
by 3of10
Fri Oct 16, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for mortgage with "no income"
Replies: 39
Views: 4447

Re: Applying for mortgage with "no income"

Social Security (not including retirement or long-term disability)..... Can you explain what "SS, not including retirement or ltd" means? It's a statement from Fannie Mae. You can get the explanation from them. https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Sub...
by 3of10
Wed Oct 14, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: buying property owned by former(?) felon
Replies: 36
Views: 5146

Re: buying property owned by former(?) felon

Interesting. Can you talk to a real estate attorney in your area to be 100% sure? (Or, an attorney from a city nearby) The explanation I received recently was: Title Insurance for the owner would protect your purchase price. If the value goes up and there’s an issue, that’s not covered. Watch for n...
by 3of10
Wed Oct 14, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for mortgage with "no income"
Replies: 39
Views: 4447

Re: Applying for mortgage with "no income"

I checked with better.com and they are not willing to pre-approve for a loan based simply on assets. When I was doing a refi with Better awhile back (this year), out of curiosity I inquired about whether assets (401K, IRA) could be used solely as income for a refi. I was told directly the following...
by 3of10
Mon Oct 12, 2020 3:38 pm
Forum: Personal Consumer Issues
Topic: Victim of online scam. problem with credit card dispute.
Replies: 99
Views: 5641

Re: Victim of online scam. problem with credit card dispute.

I'm starting to see why most of my fellow attorney Bogleheads stay out of these types of threads rather than providing honest input based upon our education, knowledge and experience. Sometimes that feedback may not be what someone wants to hear. Perhaps their non-involvement approach is the wise o...
by 3of10
Mon Oct 12, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

I've found rate shopping to be extremely difficult, since everyone wants you to send in an application with paystubs etc before quoting rates. That wasn't the case before the last financial crisis. I agree. I've found this aspect of doing a refi to be the most challenging. The gov't has changed the...
by 3of10
Mon Oct 05, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring at 55 and help deciding on Pension now or delay
Replies: 29
Views: 3779

Re: Retiring at 55 and help deciding on Pension now or delay

One question that I've haven't read is how well do you like your job? The answer to that question will factor into your decision making. When I first started working at my megacorp, it was a dream position and fit my talents well. I would have definitely stayed a few years more once I reached 55. Bu...
by 3of10
Tue Sep 29, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: How to approach kid’s middle school / high school / college decisions?
Replies: 68
Views: 6197

Re: How to approach kid’s middle school / high school / college decisions?

My wife and I are in our mid-forties. We have two kids (grade 3 and grade 5). Both are pretty smart (we think, anyway), good students, and socially are doing fine. We live in San Jose, CA in a 1,300 square foot house worth about $1.3M. The public schools are “pretty good,” in my view. The elementar...
by 3of10
Tue Sep 29, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: Oil change disaster
Replies: 127
Views: 13895

Re: Oil change disaster

Take you car to the dealer for an oil change, or to an independent shop that uses ASE certified mechanics to perform all the work on their cars, or do it yourself if you are physically able to do so. This is not effective advice. I have only rarely had oil changes done vs. doing them myself. Howeve...
by 3of10
Mon Sep 28, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

I've recently completed my closing and will chime in on what I did for calculating the closing costs. When I closed this month (September), the next mortgage payment is for November. The October payment (set to pay for the month of Sept), ended up as part of the closing (section F "prepaids&quo...
by 3of10
Thu Sep 24, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

It is not uncommon for the payoff to be sent from the settlement agent the day AFTER disbursement. The lender sends the funds to the settlement agent on the disbursement date and then the settlement agent gets the payoff out the next morning for instance. Or even if sent the same day, potentially a...
by 3of10
Thu Sep 24, 2020 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Has anybody paid closing costs with a personal check? I owe about $900 cash to close and double checked with my processor the amount owed so that I could get a cashier's check from the bank. She said that for that amount I could pay with a personal check. I was surprised because I thought a cashier...
by 3of10
Thu Sep 24, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Is there a "best" day of the week to close the loan? Or perhaps more specifically, a best day of the week for the loan to fund? I think I read that you don't want the loan to fund on a Monday because you get charged interest by both lenders over the weekend? I expect to schedule closing s...
by 3of10
Thu Sep 24, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

this is my first refi how are escrow handled? the rep I spoke to today said they would ask for 8months worth of escrow. I believe one of my taxes were just dispersed (June I wanna say) and I have like 1300 sitting in my escrow balancer. I think another draw is happening in Feb. would my current mor...
by 3of10
Thu Sep 24, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Is there a "best" day of the week to close the loan? Or perhaps more specifically, a best day of the week for the loan to fund? I think I read that you don't want the loan to fund on a Monday because you get charged interest by both lenders over the weekend? I expect to schedule closing s...
by 3of10
Thu Sep 24, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Please help. Might close this week. Cashout refi at $575k (high limit city). About 200k out for remodeling at about 75% LTV. House appraised for $745k 2.875% at 2+ points. Total closing costs are about $20k. Lender screwed up LO screwed up twice, so not happy with them. Nobody beat their rate initi...
by 3of10
Sun Sep 13, 2020 5:02 pm
Forum: Personal Consumer Issues
Topic: Replacing a 20-year-old central air conditioning
Replies: 66
Views: 6065

Re: Replacing a 20-year-old central air conditioning

The main thing is variable speed, I think. People keep throwing around this term without understanding it, which introduces tremendous confusion. When people say "variable speed," in most situations they're simply referring to an ECM blower fan. As I've previously mentioned in other threa...
by 3of10
Mon Sep 07, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

SaveStrong wrote: Mon Sep 07, 2020 10:56 am Better and Owning seem great but only for CA residents. That in mind, what’s the next best? Seeing mixed reviews for lenderfi, loan depot and loan cabin.
Better provides loans for the following states:

https://better.com/faq/about-better/doe ... n-my-state
by 3of10
Fri Sep 04, 2020 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Underwriter asking about husband's old child support as if it is current
Replies: 21
Views: 2453

Re: Underwriter asking about husband's old child support as if it is current

Just an update, they must have liked that documentation because we are clear to close on our original date! I'm still scratching my head as to why they were adamant that my husband owed child support. We checked his Experian and TransUnion reports and it wasn't listed on there at all. The entry the...
by 3of10
Fri Sep 04, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

A process question. How common is it for lenders to be super aggressive in pushing for a lock? One lender is pushing hard saying that they are certain rates are going to rise on Tuesday. It's off-putting (as is the bizarre way that mortgage lenders rely on phone calls to get information that has ei...
by 3of10
Fri Sep 04, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Duplicate
by 3of10
Fri Sep 04, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

A process question. How common is it for lenders to be super aggressive in pushing for a lock? One lender is pushing hard saying that they are certain rates are going to rise on Tuesday. It's off-putting (as is the bizarre way that mortgage lenders rely on phone calls to get information that has ei...
by 3of10
Fri Sep 04, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Disbursement date is right there on the upper left of the first page: Date issued, closing date, disbursement date. My prepaid interest is calculated from that date as well. What does "per diem interest for current loan" mean? "Per diem interest" is the daily interest charged on...
by 3of10
Fri Sep 04, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Has anyone who used Better.com for a refi been able to close in 3-4 weeks from applying and signing an intent to proceed? Did you have any hassle if you chose your own title company? We just refinanced with NBKC this summer and we're looking at refinancing again. Better.com shows possible closing d...
by 3of10
Fri Sep 04, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Disbursement date is right there on the upper left of the first page: Date issued, closing date, disbursement date. My prepaid interest is calculated from that date as well. What does "per diem interest for current loan" mean? "Per diem interest" is the daily interest charged on...
by 3of10
Fri Sep 04, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Disbursement date is right there on the upper left of the first page: Date issued, closing date, disbursement date. My prepaid interest is calculated from that date as well. What does "per diem interest for current loan" mean? "Per diem interest" is the daily interest charged on...
by 3of10
Thu Sep 03, 2020 10:02 pm
Forum: Personal Consumer Issues
Topic: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?
Replies: 70
Views: 4413

Re: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?

You might consider resistance bands as well: Buying guide: https://www.nytimes.com/wirecutter/reviews/best-resistance-bands/ Videos: https://www.youtube.com/results?search_query=resistance+bands+seniors +1. I'm looking at this question as to what can be done now, as opposed to what should be done i...
by 3of10
Thu Sep 03, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Update with what's listed for sections F (prepaid) & G (escrow). F is $6100 ($2300 -- 12 months homeowner's insurance + $300 prepaid interest + $3500 6 month property taxes). Both homeowner's insurance and 6 months property taxes have been paid by current lender within the last week. G is $7000...
by 3of10
Thu Sep 03, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

I need to get in touch with Watermark today. Any thoughts on this before I contact them? My biggest question would be should I be concerned about the difference in APR (2.46% and 2.25%). I could really use some help with my Watermark loan: 2.25% interest rate for 10 years. My current lender is show...
by 3of10
Thu Sep 03, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

I need to get in touch with Watermark today. Any thoughts on this before I contact them? My biggest question would be should I be concerned about the difference in APR (2.46% and 2.25%). I could really use some help with my Watermark loan: 2.25% interest rate for 10 years. My current lender is show...
by 3of10
Thu Sep 03, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

- Any alternatives to Radian Title? I know I can do better than LoanDepot's default title and I used Radian in December. However, Radian mentioned they are not doing loans with LoanDepot due to covid -- very strange. Does anyone here know if Radian Title works with better.com? Yes. +1. I'm currentl...
by 3of10
Thu Sep 03, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

My wife and I are wrestling with a dilemma regarding amortization period. We are about 2 years into a $624K mortgage (HCOL conforming @ 3.85%). We are looking into a no-cost refinance, and debating whether to reset the existing balance (about 600K after some extra payments) at 30 years or 25 years....
by 3of10
Wed Sep 02, 2020 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

[Some of the pages won't be filled out and you'll have to fill them out while there (i.e. a list of your residences for the last 10 years as well as whether you want to avoid funding on a Monday which could cause interest to accrue on both loans over the weekend) . Can you, or anyone else provide d...
by 3of10
Fri Aug 28, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

I applied by the deadline for the AMEX credit and am currently locked with Better. Do I need to do anything else to ensure I get the credit? Will it come up or any papers be necessary through the refi process? At some point, they will need some AMEX account info from me? Just want to make sure I do...
by 3of10
Wed Aug 26, 2020 9:34 am
Forum: Personal Consumer Issues
Topic: Effective Brands of Melatonin
Replies: 15
Views: 1390

Re: Effective Brands of Melatonin

DTalos wrote: Tue Aug 25, 2020 8:23 pm There are a lot of different brands of melatonin. Do they vary widely in quality?
The DW just had her nutritionist recommend "Pure Encapsulation". She hasn't tried it yet.
by 3of10
Tue Aug 25, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Keep in mind homeowners insurance is usually included as well. You typically will see a minimum of 2/12 held (they are allowed to keep a two-month sized reserve for pricing variations year-to-year). However, if you have a payment due within 2-3 months of your closing, they will collect that payment...
by 3of10
Mon Aug 24, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Keep in mind homeowners insurance is usually included as well. You typically will see a minimum of 2/12 held (they are allowed to keep a two-month sized reserve for pricing variations year-to-year). However, if you have a payment due within 2-3 months of your closing, they will collect that payment...
by 3of10
Mon Aug 24, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

So I'm finally getting somewhere (thank you all so far for all the wisdom here). Just got my first decent offer (in the right direction) from LenderFi... Current Loan: 249K 30yr fixed at 4.5% Loan Amount: 249K LTV: 63% Term: 30yr fixed at 2.625% A: $354 B: $217 (appraisal waived) C: $1175 D: $315 T...
by 3of10
Sun Aug 23, 2020 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

As for below 3.75% on a 30-year, I am not so sure that can be done at 88% LTV with little or nothing out of pocket. That high LTV will really sour pricing from lender, even if a person's credit is otherwise great. Interestingly enough, according to the Fannie Mae LLPA, a 88% LTV has a lower rate fe...
by 3of10
Thu Aug 20, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8125
Views: 567541

Re: Refinance Mega Thread

Question about the new Fannie Mae .5% fee. For clarification, I have not locked in a rate yet. My lender is stating that if I lock-in a rate with him BEFORE September 1st, I can avoid this .5% fee even though my loan would close AFTER September 1st. This is not how I understood how the fee works an...