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Savingscaptain

Haha okay. I just couldn't find anything that was as trusted of a community as this so took a shot.

Savingscaptain

Day trading of options - what could possibly go wrong? [note: there are a few on this board who buy and write puts and calls for specific goals, but day-trading of options is a whole ‘nother animal] Why? Just because I want to play with a small amount of money. The odds at a casino are much worse. ...

Savingscaptain

Day trading of options - what could possibly go wrong? [note: there are a few on this board who buy and write puts and calls for specific goals, but day-trading of options is a whole ‘nother animal] Why? Just because I want to play with a small amount of money. The odds at a casino are much worse. ...

Savingscaptain

Hey guys,

So I totally understand disciplined investing, what I would love to know though if I anyone here uses any options signals service or forum? I want to play with some options, but don't have time to actively scan. Hoping someone can recommend a service that pushes day trade signals.

Savingscaptain

How far out are people seeing standard rate locks? I'm about 100 days out from closing on new construction, and am gauging when to re-starting the mortgage shopping process (got 2 hard inquiry hits during the initial pre-qual for verifications that my builder required). Go WF or citi with a new pur...

Savingscaptain

Hi folks, I am wondering what's the best way to find an advisor that does active money trading? Years ago, I found a big-firm adviser that would do daily option buys and day trading with whatever portion of money you designate, and you benefit from above average returns >15% on that small sum. I ca...

Savingscaptain

Hi folks, I am wondering what's the best way to find an advisor that does active money trading? Years ago, I found a big-firm adviser that would do daily option buys and day trading with whatever portion of money you designate, and you benefit from above average returns >15% on that small sum. I can...

Savingscaptain

Hi folks, I know there are a few rental property threads, but my head is spinning a bit, so hoping someone can break this down for me: 1. I have a rental property in another state that i bought about 8 years ago, then lived in it for 2 years and the past 6 have been rental. 2. The rental property ge...

Savingscaptain

smby wrote: ↑Wed Dec 23, 2020 4:51 pm same question...is this for refi or purchase at Wells?

Refi some family members locked in WA with WF. They had enough assets that WF is allowing IO. But lower LTV which has a different rate sheet

Savingscaptain

I see a 3% for LTV < 65% Wells fargo seems to have crazy low rates today at 25% down. Or 75% or less Ltv for refi What rates are you seeing? The website says I can get 3.125% on my 30 yr jumbo refinance Oh never go by rate sheet. Just ask a LO. They had 2.125 again for 10/6mo which is annoying and ...

Savingscaptain

Wells fargo seems to have crazy low rates today at 25% down. Or 75% or less Ltv for refi

Savingscaptain

triom6 wrote: ↑Mon Dec 07, 2020 11:22 am Receive a quote this morning from WF for 1.8m loan, 2.5m property, 72% LTV Rates are pre-discount. $1m in AUM will get .5% discount 30yr 2.75% w/$1630 WF fees 10/6 2.375 w/$1630 WF fees 7/6 2.125% w/$6130 WF fees (more points?) 5/6 2.25% w/$1630 WF fees 10/6...

Savingscaptain

Just got off a call with Quicken Loans and they were upbeat to offer 2.75% with 5-6K in closing cost without asking any of my details. This is before Charles Schwab relationship pricing. I don't trust them, since their website offers much much higher rates. Did any of you try with them recently ? N...

Savingscaptain

triom6 wrote: ↑Mon Dec 07, 2020 11:22 am Receive a quote this morning from WF for 1.8m loan, 2.5m property, 72% LTV Rates are pre-discount. $1m in AUM will get .5% discount 30yr 2.75% w/$1630 WF fees 10/6 2.375 w/$1630 WF fees 7/6 2.125% w/$6130 WF fees (more points?) 5/6 2.25% w/$1630 WF fees 10/6...

Savingscaptain

Not me, but my new neighbor just refi'd 10/1 for 2.125 with citi.

Purchase is a bit better both after relationship discount. Best way to find an lo is to contact a citi private banker, tell them about your assets, and then ask for a loan officer they know works with hnw folks

Savingscaptain

Convincing me to not buy a condo (likely approaching $1m) in late 2020 in San Francisco sounds easy, right? But... the many of the usual assumptions are different for this kind of post: I actually like it here! Want to for at least 5-10+ more years. Have enough cash for at least 20% down on a condo...

Savingscaptain

Anyone can sell a loan anytime. Small bank can be acquired. Don't worry too much. Stick to WF, citi, chase. Get a low enough rate that no one wants to buy your loan. No one probably wants me 1.75% rate.

Savingscaptain

triom6 wrote: ↑Mon Dec 07, 2020 11:22 am Receive a quote this morning from WF for 1.8m loan, 2.5m property, 72% LTV Rates are pre-discount. $1m in AUM will get .5% discount 30yr 2.75% w/$1630 WF fees 10/6 2.375 w/$1630 WF fees 7/6 2.125% w/$6130 WF fees (more points?) 5/6 2.25% w/$1630 WF fees 10/6...

Savingscaptain

Got it thanks all. I need to revamp my CC strategy have to go through that thread

Savingscaptain

I was in lowe's today, and someone bought $4k in amazon gift cards with a chase sapphire preferred card. Wondering what arbitrage opportunity they were leveraging. Just sign up bonus?

Savingscaptain

First Republic quoted a rate of 2.95% (30yr Fixed) ... I took this quote to my Chase lender. He was then able to offer me 2.875% ... (all this before the relationship discount) Are you saying that Chase matched (beat) First Republic's rate, and they're also giving you the relationship discount? Wha...

Savingscaptain

I tried to bring a WF rate for Chase to match BEFORE relationship discount but was told they could only match after the relationship discount was taken. I was told someone got fired because they matched another bank and put the relationship discount on top of it. Well the trick is never saying some...

Savingscaptain

First Republic quoted a rate of 2.95% (30yr Fixed) ... I took this quote to my Chase lender. He was then able to offer me 2.875% ... (all this before the relationship discount) Are you saying that Chase matched (beat) First Republic's rate, and they're also giving you the relationship discount? Wha...

Savingscaptain

I'm about 8 years into my career. I've been saving to purchase a home, but now that I *think* I'm ready, I'm not sure what I can actually afford vs. what would be responsible. Here's a brief outline of my current setup: I currently rent for $2750 a month plus utilities. My base salary is about $165...

Savingscaptain

You can easily negotiate 1-2% seller credit, just have to get their realtor onboard to explain to them. Basically you make a high offer with 1-2% and appraisal contingency (that is given that even in a hot market I never waive contingencies and happy to let go of houses if need be). Their realtor n...

Savingscaptain

I lived in Seattle until very recently. I will send pm you the officer he works with most big tech folks in the area. You can easily negotiate 1-2% seller credit, just have to get their realtor onboard to explain to them. Basically you make a high offer with 1-2% and appraisal contingency (that is ...

Savingscaptain

I pay about $1000 a year...from Amica. I'm the only driver and ancient but I do put a lot of miles on the car. I had a minor accident a couple of years ago, not my fault. No tickets for decades. Amica is stupid. I had them for years but their risk models aren't clear. I have no accidents ever or ti...

Savingscaptain

We are going to buy a new car from a dealer in the next three to four months. We will not have a trade-in, and could either pay cash or finance it. I remember reading in the Millionaire Next Door his method for car buying: handle it like a procurement specialist. Contact the sales manager with your...

Savingscaptain

Wondering if I can do better than the following: Currently on track to purchase a SFH in WA (Seattle area) with mortgage 700k+ at 2.75% 30 year with enough lender credit to cover most costs. I'm definitely open to refinancing immediately after closing (with a local lender). However I was wondering ...

Savingscaptain

I read my loan documents carefully. Turns out, of you got a crazy low rate, you can transfer the loan to anyone (given they meet qualification). Meaning if you sell your house to a qualified buyer who can assume the loan and pay down payment+ equity in cash they can assume your low rate. Or they can...

Savingscaptain

My spouse and I are entertaining refinancing our home mortgage. We have approximately 20 years remaining on a 30 year mortgage. The remaining principle is about $80,000 and our current rate is 4.125%. First, some background: When compared to others nationally, we are a middle income range family (a...

Savingscaptain

Wondering if I can do better than the following: Currently on track to purchase a SFH in WA (Seattle area) with mortgage 700k+ at 2.75% 30 year with enough lender credit to cover most costs. I'm definitely open to refinancing immediately after closing (with a local lender). However I was wondering ...

Savingscaptain

We are going to buy a new car from a dealer in the next three to four months. We will not have a trade-in, and could either pay cash or finance it. I remember reading in the Millionaire Next Door his method for car buying: handle it like a procurement specialist. Contact the sales manager with your...

Savingscaptain

I just moved to a state with little higher crime rate and my driving record is less than perfect (but nothing crazy) I got a quote of $1000/month from Geico. What can I do? Should I call other insurance companies? Or would it be an option to contact my accountant and see if I can sell my car to my ...

Savingscaptain

We are going to buy a new car from a dealer in the next three to four months. We will not have a trade-in, and could either pay cash or finance it. I remember reading in the Millionaire Next Door his method for car buying: handle it like a procurement specialist. Contact the sales manager with your...

Savingscaptain

We are going to buy a new car from a dealer in the next three to four months. We will not have a trade-in, and could either pay cash or finance it. I remember reading in the Millionaire Next Door his method for car buying: handle it like a procurement specialist. Contact the sales manager with your...

Savingscaptain

cost.basis wrote: ↑Thu Nov 26, 2020 6:07 pm I completed a VA no cost refinance with Loan Depot at 2.25% with in Northern California. No costs covers lenders fees and I was responsible for recording and escrow costs. Do you think rates will go lower than this? Has a anyone obtain a no cost refinance lower than 2.25%?

What loan term?

Savingscaptain

Jbanks1280 wrote: ↑Fri Nov 27, 2020 2:27 am Loan Officer Recommendations.
Please PM me. I was given one, but she was no longer with Loan Depot. Looking for Amerisave, Loan Depot, Northepoint, LoanFlight, Interactive Mortgage. I'm from MA so no LoanCabin, Better for me.

For MA best is to call WF after you get all your quotes.

Savingscaptain

Got it. I assume your last refi was with LenderFi then. They seem to be the only ones who ask people to sign such a document. You need a $350k loan amount in order to qualify for the 2.375% at Interactive Mortgage. Since you are so close, maybe you can get there by financing prepaids or something. ...

Savingscaptain

abuss368 wrote: ↑Fri Nov 27, 2020 4:45 pm Pulled the trigger this afternoon and locked in 2.75% from 3.625%.

Incredible.

Take that to bbva and get them to beat it.

Savingscaptain

I just moved to a state with little higher crime rate and my driving record is less than perfect (but nothing crazy) I got a quote of $1000/month from Geico. What can I do? Should I call other insurance companies? Or would it be an option to contact my accountant and see if I can sell my car to my ...

Savingscaptain

I pay about $1000 a year...from Amica. I'm the only driver and ancient but I do put a lot of miles on the car. I had a minor accident a couple of years ago, not my fault. No tickets for decades. Amica is stupid. I had them for years but their risk models aren't clear. I have no accidents ever or ti...

Savingscaptain

Is Citi’s 2% rate with or without a relationship discount? 1M relationship discount (.5% off) Oh weird that WF didn't beat that like crazy. I got a 10/1 at 1.75 and I was getting pretty good until my buddy got 1.625 and all of a sudden I wasn't the cool kid anymore Really, when was this? I don't ev...

Savingscaptain

There a few things for a new "community" purchase you should know: 1. Realtor- it honestly doesn't matter if you get a realtor. all the paperwork is done by the builder's office and their realtor on their paper. I would call the community anonymously and ask how much "the referral fe...

Savingscaptain

There a few things for a new "community" purchase you should know: 1. Realtor- it honestly doesn't matter if you get a realtor. all the paperwork is done by the builder's office and their realtor on their paper. I would call the community anonymously and ask how much "the referral fee...

Savingscaptain

oracle101 wrote: ↑Sat Nov 21, 2020 6:27 pm
presto987 wrote: ↑Sat Nov 21, 2020 6:14 pm Is Citi’s 2% rate with or without a relationship discount?
1M relationship discount (.5% off)

Oh weird that WF didn't beat that like crazy. I got a 10/1 at 1.75 and I was getting pretty good until my buddy got 1.625 and all of a sudden I wasn't the cool kid anymore

Savingscaptain

We're 36 with kids aged 5 and 2. Combined income = $190k per year Net worth = $1.15 M Current Home Value = $460k Current mortgage balance = $132k Current Home equity = $318k Investments (401k, HSA, Taxable Brokerage) = $710k Cash accounts ~ $150k We're looking at buying a new house for about $725k ...

Savingscaptain

If you really want to spend time for a rate. Get the WF quote after moving assets (loan estimate) send to Citi and then move assets there and take their reduction. Will WF/Citi (or any other bank) give you a Loan Estimate showing the relationship discount before you transfer assets? Or do you mean ...

Savingscaptain

Update on my efforts and request for assistance. WF: 1.2mm refi in GA. Moving $1mm gets me 50bps off their quoted rates. With the 50bps reduction this looks to be 2.875% on a 30yr and 2.625% on a 10/1 ARM. Thoughts on competitiveness? Ideally, I'd like to get one of the below to quote me and then h...

Savingscaptain

FWIW, rates tanked today on Jumbos. Buddy just relocked (not float down) for 1.625 after relationship for a 10/1 jumbo with WF. So annoyed that I already closed. Were there any points at play here? That is far from what I am getting quoted from WF just yesterday. No points. Mine (and others here I ...

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