Search found 986 matches

by batpot
Fri Aug 07, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4621
Views: 317205

Re: Refinance Mega Thread

Home Value $460,000 Current Loan $190,000 (PenFed year 2 of 5/1 at 2.8125%) HELCO Balance $0 ($75K limit) We are wanting to do an addition that would be about $85K. Will pay about $25K out of pocket and borrow the rest. Is it better pay for the addition with the HELCO and then refinance the first a...
by batpot
Fri Aug 07, 2020 3:29 pm
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 203
Views: 14666

Re: Oddly Difficult to Find Items During the Pandemic

Large container of taco seasoning. have had no problem finding chili powder at Costco. Take 2 minutes to whip up a batch for a pound of ground meat with other spices from the cabinet: 1 tablespoon chili powder ¼ teaspoon garlic powder ¼ teaspoon onion powder ¼ teaspoon dried oregano ½ teaspoon papr...
by batpot
Fri Aug 07, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 806
Views: 44561

Re: What are you listening to now

randomly came across an interview with Bill Withers when he was inducted into R&R HoF.
https://www.rollingstone.com/music/musi ... ay-111535/
Awesome man...didn't know he died in March. :(

https://www.youtube.com/watch?v=g3hBYTkI-sE
by batpot
Fri Aug 07, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Old Bike Values?
Replies: 15
Views: 1309

Re: Old Bike Values?

found your listing...good luck. :greedy
by batpot
Fri Aug 07, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance...any reason NOT to?
Replies: 17
Views: 1366

Re: Refinance...any reason NOT to?

The only reason NOT to refi is that your amortization starts over. You'd have to do the math for yourself, but arguably if you paid on the new loan as you're paying on your current higher rate loan (extra principle payments), there's a point in the future where the lower rate will equate to a faster...
by batpot
Fri Aug 07, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4621
Views: 317205

Re: Refinance Mega Thread

Be cautious in starting a loan process with one company and jumping to another one to save a $100. I just spoke with a processor who provided a great rate but his company has now stopped taking leads that come through from bogleheads because of people jumping ship. As the phrase goes "Pigs get fat ...
by batpot
Fri Aug 07, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4621
Views: 317205

Re: Refinance Mega Thread

Qw1221wq wrote:
Fri Aug 07, 2020 2:24 pm
Rates are going down below 2%. The longer you wait the more you'll save.
say who with the what now?
by batpot
Thu Aug 06, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 28
Views: 2778

Re: GEICO Umbrella: Significant Increase in Premium

For the first time, Amica was competitive.

They're only slightly cheaper on the whole, but close enough to switch.

Time to start shopping...
by batpot
Thu Aug 06, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4621
Views: 317205

Re: Refinance Mega Thread

Sebonic had 2.5% APR 30 year fixed on Tuesday.
Couldn't get them on the phone.
Rates shot up yesterday, and even higher today.
by batpot
Fri Jul 24, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Deciphering AXA's 403b Prospectus; Send Help!
Replies: 2
Views: 193

Re: Deciphering AXA's 403b Prospectus; Send Help!

How about a compounding interest formula that shows how much is being taken from at 2% vs whatever Vanguard's ER is (say 0.2%). You could use the excel FV formula to show how much they're losing at a delta 1.8% compounding interest with monthly contributions. This guy has an example on how you might...
by batpot
Fri Jul 24, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: Mortgage broker won't lock the rate
Replies: 21
Views: 1565

Re: Mortgage broker won't lock the rate

How much earnest money are you risking by being late to close?

It's VERY odd he won't lock at 2.75%, especially for a purchase where time of the essence.
You need someone who is going to close quickly and not futz around.
Be quick, don't be greedy.
by batpot
Wed Jul 22, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: top suvs for tall driver & good mpg
Replies: 36
Views: 2353

Re: top suvs for tall driver & good mpg

Mr. Rumples wrote:
Wed Jul 22, 2020 5:37 am
Interesting topic. Keep in mind your shoe size. Sounds silly to some, but as you get older, your feet get bigger...news to me, but the ladies tell me they run into this all the time. I have gone from a size 13 narrow to a size 14 wide.
I'm convinced shoes sizes are shrinking.
by batpot
Tue Jul 21, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can you recommend a good HELOC lender for a rental property?
Replies: 9
Views: 488

Re: Can you recommend a good HELOC lender for a rental property?

Hmm, but this is for a rental, not a second home. you're right, I missed that. This is interesting. I'm looking to purchase an investment property and had planned on using my HELOC on my primary residence (100k through PenFed) to pay for the renovations on the new investment property. I had assumed...
by batpot
Tue Jul 21, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can you recommend a good HELOC lender for a rental property?
Replies: 9
Views: 488

Re: Can you recommend a good HELOC lender for a rental property?

This says you are wrong: https://www.schwab.com/resource-center/insights/content/is-interest-on-heloc-still-tax-deductible For the record, second homes count, too Fortunately, the new laws and limits do still apply to the purchase and improvement of second homes. However, the total home-secured debt...
by batpot
Tue Jul 21, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can you recommend a good HELOC lender for a rental property?
Replies: 9
Views: 488

Re: Can you recommend a good HELOC lender for a rental property?

Why would you take out a HELOC against the rental, and not your primary residence?

I'm not sure any one HELOC is better than another. Check your local credit unions.
by batpot
Tue Jul 21, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 806
Views: 44561

Re: What are you listening to now

Faith No More.
Angel Dust is one of the best albums ever written.
never got into their reunion album.
by batpot
Mon Jul 20, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about parking $30k with Morgan Stanley for a free Amex Plat Card
Replies: 14
Views: 2417

Re: Thinking about parking $30k with Morgan Stanley for a free Amex Plat Card

If there were a simple minimum to hold in the account to avoid all the fees then it would be a good deal for someone who wanted the card. Having to remember to move $5,000 in and out every month sounds like way too much hassle. I suppose it works fine if you are willing to make it a primary checkin...
by batpot
Tue Jul 14, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rental vs. Second Home?
Replies: 3
Views: 385

Re: Rental vs. Second Home?

FYI... https://www.forbes.com/sites/janetberryjohnson/2016/07/27/tax-rules-for-renting-to-a-relative/#34cb52615345 When you rent a home to a relative, such as a spouse, child, grandchild, parent, grandparent, or sibling, any day rented at less than the fair rental price is considered a personal use ...
by batpot
Tue Jul 14, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bored to Tiers: banking perks don’t seem worth it
Replies: 40
Views: 5016

Re: Bored to Tiers

Bank of America Preferred Rewards is the best I"m aware of, but keep in mind it is a marketing gimmick to attract assets so it could change at any time. It's not a lifetime guarantee of free perks. You can take advantage of it while it lasts but I would not expect it to last forever. If it goes awa...
by batpot
Tue Jul 14, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bored to Tiers: banking perks don’t seem worth it
Replies: 40
Views: 5016

Re: Bored to Tiers

Bank of America Preferred Rewards is the best I"m aware of, but keep in mind it is a marketing gimmick to attract assets so it could change at any time. It's not a lifetime guarantee of free perks. You can take advantage of it while it lasts but I would not expect it to last forever. If it goes awa...
by batpot
Mon Jul 13, 2020 3:21 pm
Forum: Personal Consumer Issues
Topic: Neighborhood Noise
Replies: 188
Views: 12667

Re: Neighborhood Noise

Not here yet but coming: https://www.nytimes.com/2020/07/11/science/windows-street-noise.html "Researchers in Singapore have developed an apparatus that can be placed in a window to reduce incoming sound by 10 decibels. The system was created by a team of scientists, including Masaharu Nishimura, w...
by batpot
Mon Jul 13, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: Debt collection response
Replies: 16
Views: 1561

Re: Debt collection response

my experience with debt collectors is they are not in any position to negotiate...and are ready and primed to dispel anything you throw at them. Think of the worst customer support you've ever encountered...they're worse.
You need to deal w/ the debter directly.
by batpot
Mon Jul 13, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: whole house water filter -- do you have one? if so, share details
Replies: 16
Views: 961

Re: whole house water filter -- do you have one? if so, share details

I had that in a house from early 60s. All galvanized steel piping. They looked just like this: https://americanvintagehome.com/wp-content/uploads/2017/04/featured-image-galvanizedpipes-640x400-2.jpg source: https://americanvintagehome.com/advice-for-older-homes/need-swap-galvanized-pipes/ If this is...
by batpot
Fri Jul 10, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: TPMS(tire pressure monitoring system) lifespan
Replies: 80
Views: 3864

Re: TPMS(tire pressure monitoring system) lifespan

Had not considered this, but mine are still working after 10.5 years on 2010 Rav4...so any day now. Can the batteries be replaced? It's possible Discount did so when I got new wheels and tires in ~2013. No. You think the manufacturer would rather sell you a $2 battery or a new sensor.? You can get ...
by batpot
Fri Jul 10, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Spouse to Title during Refi, Should I? (was Refi Fees / tax increase due to spouse not "vested"?)
Replies: 6
Views: 576

Re: Refi Fees / tax increase due to spouse not "vested"?

2 things:
1. $2k does not sound reasonable for something relatively routine like this

2. Why change to co-borrowers? It means nothing if she's still on the title. Undo this, and if they're an honest company they'll undo their $2k fee.
by batpot
Fri Jul 10, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: what do you look for when shopping around for home insurance?
Replies: 12
Views: 883

Re: what do you look for when shopping around for home insurance?

A personal insurance expert once told me - -choose your auto insurance company based almost entirely on price, because claims are either standard (e.g., auto repair damage) or in the case of casualty claims, usually are paid to the other party, not you. On the other hand, choose your homeowners pol...
by batpot
Fri Jul 10, 2020 12:52 pm
Forum: Personal Consumer Issues
Topic: TPMS(tire pressure monitoring system) lifespan
Replies: 80
Views: 3864

Re: TPMS(tire pressure monitoring system) lifespan

Had not considered this, but mine are still working after 10.5 years on 2010 Rav4...so any day now.
Can the batteries be replaced? It's possible Discount did so when I got new wheels and tires in ~2013.
by batpot
Fri Jul 10, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 6992

Re: House not apprising to sale price

Happened to us as buyers. Contract price was $616k, appraisal came in at $550k. Market was rapidly rising at the time with minimal inventory, and comps were lagging. They had a second buyer at $610k, apparently. As we did have a financing contingency, our options were: (a) Come up with the extra $6...
by batpot
Fri Jul 10, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7232

Re: 15 year or 30 year mortgage?

I'd do 30 if you're anywhere near being tight on 15. Absolutely. +2 Often, a 15 year makes no sense. A recent example from another thread: 3% 30 year vs a 2.65% 15 year. 15 year costs $674/mo per $100k. 30 year costs $422/mo per $100k. If you pay $674/mo per $100k on the 30 year loan, you'll have p...
by batpot
Fri Jul 10, 2020 12:20 pm
Forum: Personal Consumer Issues
Topic: "Virtual credit card number," Capital One: any reason why not?
Replies: 16
Views: 1340

Re: "Virtual credit card number," Capital One: any reason why not?

I think that it is the exact opposite of a security concern and is, as you say, a no-brainer in order to reduce the risk of fraud. Cheers Sure, if you don't mind Capital One's browser plug in application "Eno" snooping on very website you visit and recording every click you make, while staying in t...
by batpot
Fri Jul 10, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 138671

Re: Coronavirus (Consumer Issues) How you are preparing?

...Bought a 2 liter bottle of hand sanitizer years ago, and we're only 1/3rd of the way through it.... The alcohol in the hand sanitizer can evaporate over time and eventually drop to point where it may not longer be effective for the intended purpose. Correct, but evaporation is negligible if the ...
by batpot
Fri Jul 10, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: Alternative to SiriusXM - Amazon Music HD worth it?
Replies: 23
Views: 903

Re: Alternative to SiriusXM - Amazon Music HD worth it?

Only reason to keep Sirius anymore is if you like the exclusive programs. I've been happy w/ Google Play Music, and a big bonus is it includes ad-free Youtube, and Youtube Music. Youtube Music gets you access to a lot of bootlegs and live recordings that just don't exist anywhere else, but unfortuna...
by batpot
Thu Jul 09, 2020 4:37 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5659
Views: 1369099

Re: What Movie Have You Recently Watched?

Doctor Sleep terrible modern-day continuation of The Shining. one of the worst movies I've sat through in a really long time. Once Upon a Time in Hollywood not Tarrantino's best, but still good Some coworkers and I were musing how awesome it would be if all of his movies existing in the same univers...
by batpot
Thu Jul 09, 2020 4:34 pm
Forum: Personal Consumer Issues
Topic: Contemporary Leather Recliner?
Replies: 7
Views: 688

Re: Contemporary Leather Recliner?

What about an Eames?
by batpot
Wed Jul 08, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: losing ability to ensure good computer hygiene- what to do
Replies: 49
Views: 3810

Re: losing ability to ensure good computer hygiene- what to do

everybody gets their own login.
only your account is the admin account.
Boys don't get to install games; only you can.

This will provide quite a bit of protection.
by batpot
Wed Jul 08, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 1.25% to 1.10%
Replies: 81
Views: 8767

Re: Ally Bank savings interest rate dropping from 1.25% to 1.10%

You guys are aware of this site, right?
https://www.doctorofcredit.com/high-int ... gs-to-get/

Rates are dropping fast...
Just last week Sallie Mae was at 1.25%.
Vio appears to be consistently among the highest, but there's zero guarantee.

thinking hard about a MYGA now.
by batpot
Wed Jul 08, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Home Build - What to do with current house?
Replies: 5
Views: 586

Re: Home Build - What to do with current house?

Jack FFR1846 wrote:
Wed Jul 08, 2020 10:46 am
Live in the current house while you're building. Then take advantage of the gain exemption and unload the thing.
Definitely.
Jack FFR1846 wrote:
Wed Jul 08, 2020 10:46 am
Your [monthly] rent isn't even 1% of the value of the house. Not a good investment.
This is a good rule of thumb.
A good investment would be at least 1.5%.
by batpot
Tue Jul 07, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 138671

Re: Coronavirus (Consumer Issues) How you are preparing?

In terms of groceries and household goods, things have returned to normal in our area (Maryland). We still do not go inside stores but everything is available now. here as well. Our routine has not changed much. Wear a mask, wash hands constantly. Bought a 2 liter bottle of hand sanitizer years ago...
by batpot
Tue Jul 07, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: Neighborhood Noise
Replies: 188
Views: 12667

Re: Neighborhood Noise

Rural areas: - ATVs snowmobiles chainsaws leaf blowers - farm & construction machinery - pumps & generators, fracking - microlights (planes) - country & western festivals, metalhead festivals - motorbike enthusiasts - dogs chained up outdoors that bark or whine constantly Rural areas can be quiet b...
by batpot
Tue Jul 07, 2020 4:22 pm
Forum: Personal Consumer Issues
Topic: Neighborhood Noise
Replies: 188
Views: 12667

Re: Neighborhood Noise

People just seemed SUPER PRIMED to let off as many illegal fireworks as possible this year, at least in part due to the fact that (all?) public shows were cancelled. Just one example: https://www.ksl.com/article/46773651/have-you-seen-this-drone-footage-of-thousands-of-illegal-fireworks I wouldn't g...
by batpot
Tue Jul 07, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Streamlining my estate - HELOC?
Replies: 8
Views: 510

Re: Streamlining my estate - HELOC?

What's it costing you annually? Why do you think you need it if you have enough cash for emergencies? We used one for a remodel, but combined it into a refi, and closed it out. It costs me nothing annually. I don't think I need the HELOC anymore--I am just double checking my decision with the smart...
by batpot
Tue Jul 07, 2020 3:00 pm
Forum: Personal Consumer Issues
Topic: Fireproof & waterproof folders or safes for important documents?
Replies: 26
Views: 1302

Re: Fireproof & waterproof folders or safes for important documents?

digitize, and cloud it.
The best place for local physical copy storage is a large, heavy (gun) safe bolted to the floor.
The sentry safes can be easily carried off, and don't offer much in the way of physical security.
by batpot
Tue Jul 07, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Streamlining my estate - HELOC?
Replies: 8
Views: 510

Re: Streamlining my estate - HELOC?

What's it costing you annually?
Why do you think you need it if you have enough cash for emergencies?

We used one for a remodel, but combined it into a refi, and closed it out.
by batpot
Tue Jul 07, 2020 12:23 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 557
Views: 20670

Re: Bird watchers – what birds are you seeing?

went to the beach this weekend
Numerous Great Blue Herons
A couple Bald Eagles
Probably a juvenile bald eagle (very large and speckled)
An Osprey
And countless seagulls and common crows.

Also watched seals hunting salmon
by batpot
Tue Jul 07, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 153
Views: 7654

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

you're paying a huge premium for a name and some silly symbols.

Get something from, say, etsy, made of of a heavier weight full grain leather, and it will likely last you a lifetime.
by batpot
Mon Jul 06, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7232

Re: 15 year or 30 year mortgage?

I'd do 30 if you're anywhere near being tight on 15. Absolutely. +2 Often, a 15 year makes no sense. A recent example from another thread: 3% 30 year vs a 2.65% 15 year. 15 year costs $674/mo per $100k. 30 year costs $422/mo per $100k. If you pay $674/mo per $100k on the 30 year loan, you'll have p...
by batpot
Mon Jul 06, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15 or 20 yr?
Replies: 7
Views: 616

Re: Refinance to 15 or 20 yr?

20 year usually has same rate at 30 year. if so, 20 year makes no sense; do a 30 year at the same rate and pay extra to pay it down in 15-20 years. 15 year can make sense if you can afford it, and only if the rate is significantly lower enough to make sense. Some quick online calcs indicates a 3% 30...
by batpot
Mon Jul 06, 2020 2:51 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5659
Views: 1369099

Re: What Movie Have You Recently Watched?

Knives Out
An OK whodunit.
by batpot
Mon Jul 06, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4621
Views: 317205

Re: Refinance Mega Thread

is there a limit on lender credit? i have been told $5000 from one lender and i have other lender giving me 6500 lender credit!? who is right? same rate/same loan amt. any one? it's a game they're playing, and it's working. who has the better rate? What is the sum of non-negotiable/non-shoppable cl...
by batpot
Mon Jul 06, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Actions at end of life to benefit heirs
Replies: 101
Views: 6556

Re: Actions at end of life to benefit heirs

Setup a beneficiary deed, or transfer-on-death deed, on your real estate property, if your state offers one. It means the value assessment for calculating gains/losses is on the date of your passing, not on the date you acquired it. Setup a medical power of attorney so that one of your beneficiaries...