Search found 108 matches

by Savingscaptain
Tue Feb 16, 2021 10:09 pm
Forum: Personal Investments
Topic: Options signals
Replies: 7
Views: 548

Re: Options signals

Haha okay. I just couldn't find anything that was as trusted of a community as this so took a shot.
by Savingscaptain
Tue Feb 16, 2021 1:25 pm
Forum: Personal Investments
Topic: Options signals
Replies: 7
Views: 548

Re: Options signals

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. ...
by Savingscaptain
Tue Feb 16, 2021 1:25 pm
Forum: Personal Investments
Topic: Options signals
Replies: 7
Views: 548

Re: Options signals

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. ...
by Savingscaptain
Mon Feb 15, 2021 11:12 pm
Forum: Personal Investments
Topic: Options signals
Replies: 7
Views: 548

Options signals

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.
by Savingscaptain
Mon Jan 18, 2021 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Mon Jan 04, 2021 3:20 pm
Forum: Personal Investments
Topic: Active portfolio management
Replies: 5
Views: 418

Re: Active portfolio management

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...
by Savingscaptain
Mon Jan 04, 2021 2:54 pm
Forum: Personal Investments
Topic: Active portfolio management
Replies: 5
Views: 418

Active portfolio management

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...
by Savingscaptain
Mon Jan 04, 2021 2:50 pm
Forum: Personal Investments
Topic: Another Rental Property exit thread
Replies: 1
Views: 338

Another Rental Property exit thread

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...
by Savingscaptain
Thu Dec 24, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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
by Savingscaptain
Wed Dec 23, 2020 3:05 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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 ...
by Savingscaptain
Mon Dec 21, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

Wells fargo seems to have crazy low rates today at 25% down. Or 75% or less Ltv for refi
by Savingscaptain
Mon Dec 14, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Sat Dec 12, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Thu Dec 10, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Thu Dec 10, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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
by Savingscaptain
Wed Dec 09, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a $1m condo in San Francisco in December 2020
Replies: 88
Views: 8167

Re: Talk me out of buying a $1m condo in San Francisco in December 2020

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...
by Savingscaptain
Wed Dec 09, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage refi question - brick and mortar vs online
Replies: 12
Views: 643

Re: mortgage refi question - brick and mortar vs online

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.
by Savingscaptain
Wed Dec 09, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Sun Dec 06, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: What is the arbitrage?
Replies: 4
Views: 521

Re: What is the arbitrage?

Got it thanks all. I need to revamp my CC strategy have to go through that thread
by Savingscaptain
Sat Dec 05, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the arbitrage?
Replies: 4
Views: 521

What is the arbitrage?

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?
by Savingscaptain
Wed Dec 02, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Wed Dec 02, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Wed Dec 02, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Sun Nov 29, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: 30/F – Would it be worth purchasing a home?
Replies: 23
Views: 2601

Re: 30/F – Would it be worth purchasing a home?

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...
by Savingscaptain
Sun Nov 29, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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...
by Savingscaptain
Sun Nov 29, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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 ...
by Savingscaptain
Sun Nov 29, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: My car insurance rate is $1000/month. HELP
Replies: 69
Views: 7432

Re: My car insurance rate is $1000/month. HELP

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...
by Savingscaptain
Sun Nov 29, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: New car - cash or credit?
Replies: 38
Views: 3131

Re: New car - cash or credit?

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...
by Savingscaptain
Sat Nov 28, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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 ...
by Savingscaptain
Sat Nov 28, 2020 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Wells fargo mortgage transferability!
Replies: 0
Views: 240

Wells fargo mortgage transferability!

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...
by Savingscaptain
Sat Nov 28, 2020 2:45 pm
Forum: Personal Investments
Topic: Mortgage Refinance: Struggling to Choose Loan Term
Replies: 7
Views: 759

Re: Mortgage Refinance: Struggling to Choose Loan Term

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...
by Savingscaptain
Sat Nov 28, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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 ...
by Savingscaptain
Sat Nov 28, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: New car - cash or credit?
Replies: 38
Views: 3131

Re: New car - cash or credit?

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...
by Savingscaptain
Sat Nov 28, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: My car insurance rate is $1000/month. HELP
Replies: 69
Views: 7432

Re: My car insurance rate is $1000/month. HELP

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 ...
by Savingscaptain
Sat Nov 28, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: New car - cash or credit?
Replies: 38
Views: 3131

Re: New car - cash or credit?

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...
by Savingscaptain
Sat Nov 28, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: New car - cash or credit?
Replies: 38
Views: 3131

Re: New car - cash or credit?

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...
by Savingscaptain
Sat Nov 28, 2020 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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?
by Savingscaptain
Sat Nov 28, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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.
by Savingscaptain
Sat Nov 28, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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. ...
by Savingscaptain
Sat Nov 28, 2020 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708620

Re: Refinance Mega Thread

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.
by Savingscaptain
Sat Nov 28, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: My car insurance rate is $1000/month. HELP
Replies: 69
Views: 7432

Re: My car insurance rate is $1000/month. HELP

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 ...
by Savingscaptain
Sat Nov 28, 2020 7:08 am
Forum: Personal Finance (Not Investing)
Topic: My car insurance rate is $1000/month. HELP
Replies: 69
Views: 7432

Re: My car insurance rate is $1000/month. HELP

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...
by Savingscaptain
Tue Nov 24, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Tue Nov 24, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a mortgage for a newly built house
Replies: 13
Views: 968

Re: Getting a mortgage for a newly built house

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...
by Savingscaptain
Mon Nov 23, 2020 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Getting a mortgage for a newly built house
Replies: 13
Views: 968

Re: Getting a mortgage for a newly built house

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...
by Savingscaptain
Sun Nov 22, 2020 5:11 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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
by Savingscaptain
Sat Nov 21, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 162
Views: 11974

Re: Can we afford this $725,000 house?

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 ...
by Savingscaptain
Thu Nov 19, 2020 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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 ...
by Savingscaptain
Wed Nov 18, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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...
by Savingscaptain
Wed Nov 18, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 733
Views: 113237

Re: Relationship mortgage discounts for moving a million assets

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 ...