Search found 218 matches

by psychoslowmatic
Thu Oct 15, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: WCI Debt & Mortgage Payoff VHCOL $700k payoff WWYD
Replies: 16
Views: 1758

Re: WCI Debt & Mortgage Payoff VHCOL $700k payoff WWYD

Did you look at https://www.interactivemortgage.com/ for a refi? If you’re in CA (they only lend in a few states) they’re offering 2.25% rate and APR (so no cost) 15 year refis. If not CA Third Federal has a $295 costs 2.79% 10 year fixed they offer in many states. Taxes are going to be a big drag o...
by psychoslowmatic
Mon Oct 12, 2020 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Should we refinance to a 15-year mortgage?
Replies: 74
Views: 5554

Re: Should we refinance to a 15-year mortgage?

Your original plan seems good. Look at https://owning.com and https://www.interactivemortgage.com/ , they both have a good reputation on the refinance mega thread but owning is CA only, Interactive is CA and a couple other states only.
by psychoslowmatic
Sun Oct 04, 2020 7:17 pm
Forum: Personal Consumer Issues
Topic: Any experience with a heat pump?
Replies: 47
Views: 2589

Re: Any experience with a heat pump?

I have an air-sourced heat pump combined with an oil forced hot air furnace. I'm in southern NH with a single-zone ranch house. The heat pump keeps me cool in the summer and heats in the shoulder seasons. I did experience what some are complaining about, that the heat pump just blows cold air, but I...
by psychoslowmatic
Fri Sep 25, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

I put my money where my mouth is and applied with Third Federal for my small loan balance. I'm in NH, owe 127k on 260k (49% LTV) and currently am in year 6 of a Penfed 5/5 at 3.3125%. I applied for Third Federal's 10 year fixed at 2.79%, fixed $295 closing costs. I could maybe get closer to 2.5% on...
by psychoslowmatic
Tue Sep 01, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

I put my money where my mouth is and applied with Third Federal for my small loan balance. I'm in NH, owe 127k on 260k (49% LTV) and currently am in year 6 of a Penfed 5/5 at 3.3125%. I applied for Third Federal's 10 year fixed at 2.79%, fixed $295 closing costs. I could maybe get closer to 2.5% on...
by psychoslowmatic
Sat Aug 29, 2020 12:13 pm
Forum: Personal Investments
Topic: What to do with $150K Bonus?
Replies: 31
Views: 3549

Re: What to do with $150K Bonus?

I would "refinance" your mortgage by taking out a HELOC and paying off the mortgage at closing. You can find 2.75% adjustable if you look, Tower FCU or local banks. Keep the balance on the HELOC just long enough that they'll cover closing costs then pay it off. Draw on the line if needed f...
by psychoslowmatic
Mon Aug 17, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance General Question on what to do
Replies: 9
Views: 685

Re: Refinance General Question on what to do

I don’t owe much on my home either. I’m thinking pretty hard about going with the 10-year $295 closing costs with Third Federal. Note the 295 doesn’t include prepaids or escrow. https://www.thirdfederal.com/ Don’t know anything about the tax credit thing, sorry. Interesting... maybe I'll go this ro...
by psychoslowmatic
Mon Aug 17, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

I put my money where my mouth is and applied with Third Federal for my small loan balance. I'm in NH, owe 127k on 260k (49% LTV) and currently am in year 6 of a Penfed 5/5 at 3.3125%. I applied for Third Federal's 10 year fixed at 2.79%, fixed $295 closing costs. I could maybe get closer to 2.5% on ...
by psychoslowmatic
Sun Aug 16, 2020 11:36 am
Forum: Personal Investments
Topic: Should I refinance?
Replies: 12
Views: 1282

Re: Should I refinance?

You're having a hard time deciding because they're all good. I would go with A myself but instead of paying fees to go to 2.625% I'd try to get back to 0 costs at 2.75% which still drops your rate 0.75%. With paying off 60k@3.75% and lowering your primary 0.75% you save $2623.5 the first year, but l...
by psychoslowmatic
Fri Aug 14, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance General Question on what to do
Replies: 9
Views: 685

Re: Refinance General Question on what to do

I don’t owe much on my home either. I’m thinking pretty hard about going with the 10-year $295 closing costs with Third Federal. Note the 295 doesn’t include prepaids or escrow.
https://www.thirdfederal.com/

Don’t know anything about the tax credit thing, sorry.
by psychoslowmatic
Tue Aug 11, 2020 8:55 am
Forum: Personal Investments
Topic: No fee/low refinance investment property
Replies: 2
Views: 259

Re: No fee/low refinance investment property

Aimloan was pretty good, Northpointe beat them by a few hundred but there generally aren’t no-cost options I found.
by psychoslowmatic
Fri Aug 07, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

I have a $175,000, 30 year, @ 4%, I'm 9 years into it, but have lived in this house 17 years, have done a few refi's, and will be here another 10-20 years. balance is $140,000, value is $350,000, In Mass. Was quoted 2.810% on a 20yr, 2.810% on a 17yr, and 2.625% on a 15yr, Credit is 800 and 820, of...
by psychoslowmatic
Fri Aug 07, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 2.75% 30 year fixed??
Replies: 8
Views: 1266

Re: Refinance 2.75% 30 year fixed??

I’m in a similar boat, small loan balance and a decent low 3.3125 rate. I’m thinking of paying it off with a HELOC. Tower FCU and Eastern bank are both offering 2.75%, and if I paid off my mortgage I’d probably open one anyway. Need to make some calls to see if they’ll do a HELOC in first position.
by psychoslowmatic
Thu Jul 30, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

Looks like Third Federal dropped their rates on their $295 closing cost mortgages. 10 year 2.79%, 3/1 15 year 2.49%.
by psychoslowmatic
Thu Jul 02, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

Am I overthinking? Essentially, I can pay $2k in loan fees to refinance a 30 year at 3.50% to a 30 year at 2.99%, and plan on not paying it off any faster than required and investing the difference. To me, that sums it up and there's nothing else to really iron out. I am getting caught up on the mo...
by psychoslowmatic
Wed Jul 01, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it to refinance?
Replies: 10
Views: 917

Re: Worth it to refinance?

You won’t get the absolute best rates because your balance is barely over 100k. If they lend in your state I would look at Third Federal’s $295 closing cost mortgages. They have several ARMs less than 3% and a 10 year fixed at 2.99%.
by psychoslowmatic
Wed Jul 01, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

Don’t they have to show that the loan provides a benefit to you? I don’t think the 2k refund counts, nor the couple bucks your payment will drop. Might be worth asking them if refinancing to the same rate and term are ok. I think you're referring to the Net Tangible Benefit Test, and I agree that t...
by psychoslowmatic
Wed Jul 01, 2020 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

[quote=BrandonBogle post_id=5341917 time=<a href="tel:1593465399">1593465399</a> user_id=42519] Got a rate lock (locked on Friday) and estimate today for: State: NC Rate: 2.25% * Term: 15-year fixed Loan Amount: $150k No escrow Section A + B + C + E = $2,977 - $338 lender credit = $2,639 ...
by psychoslowmatic
Tue Jun 30, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

I would first like to thank everyone who have responded to this refinance mega thread. It's been very informative. I'm trying to help someone who is going through their first refi, and it's been a challenge. I've concentrated on the lenders that are mentioned the most (LenderFi, Loan Depot, Better,...
by psychoslowmatic
Mon Jun 29, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

BackOfTheNet wrote: Mon Jun 29, 2020 8:44 am Looks like Penfed has stopped offering the 5/5 ARM.
It's a very customer-unfriendly sign how much they've hidden all mortgage information on their site, too. They used to be great.
by psychoslowmatic
Sat Jun 27, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

Thought I'd offer my situation as a data point. I started applying 6/18 and locked this up 6/22. Maine investment property, $250k loan amount 75% LTV, bought six months ago with Aimloan @4%. I intend to own this property forever and think investment loan rates won't get much cheaper, so I was ready ...
by psychoslowmatic
Sun Jun 21, 2020 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Finished Refi- what Next? Increase retirement, rebuild EF?
Replies: 14
Views: 1111

Re: Finished Refi- what Next? Increase retirement, rebuild EF?

There’s no downside to backdoor Roth even if you don’t need to, so you can keep making contributions even if your income is too high. If there’s and doubt and you want to contribute early in the year, just do that. I’d refinance and or get rid of the car loan, then max out pretax contributions. Mayb...
by psychoslowmatic
Mon Jun 15, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Offer in hand, shall I renegotiate with current employer?
Replies: 36
Views: 2966

Re: Offer in hand, shall I renegotiate with current employer?

The money right now is better. The opportunities in the future are better. Why bother getting them to match? You haven’t given any reason why you’d want to stay.
by psychoslowmatic
Wed May 27, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance to a 20 Year Mortgage 2.875%
Replies: 16
Views: 1323

Re: Should I Refinance to a 20 Year Mortgage 2.875%

It’s good not fantastic. I’d keep looking for the same rate with lower costs in a 30 year or 15. 25 and 20 tend to be less competitive.
by psychoslowmatic
Mon May 18, 2020 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

Owning.com only refinances in California per chat this weekend.
by psychoslowmatic
Thu May 14, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: Peloton Treadmill: Anyone here own one..,,
Replies: 59
Views: 5384

Re: Peloton Treadmill: Anyone here own one..,,

Not sure why Woodway hasn’t been mentioned yet. They’re undoubtably the best and undoubtedly the most expensive treadmills. They’re the Cadillac of treadmills, they cost way more to get you from point A to point A but you’ll go nowhere in style
by psychoslowmatic
Wed May 13, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation strategy (rocket ship tech)
Replies: 46
Views: 6702

Re: Compensation negotiation strategy (rocket ship tech)

Earn money. Spend less. Start grooming your network to include VC people and think of ideas for your own startup. Welcome to the boring middle. Congratulations on your growth, I remember your “should I relocate to the Bay Area?” thread. I’m in electrical engineering and was daydreaming of doing the...
by psychoslowmatic
Tue May 12, 2020 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

[quote=frankandbeans post_id=5245522 time=<a href="tel:1589240456">1589240456</a> user_id=145034] [quote=4Health post_id=5245482 time=<a href="tel:1589239335">1589239335</a> user_id=57863] Another data point for the unsolicited mortgage rate reduction offer from Chase that some ...
by psychoslowmatic
Tue May 12, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation strategy (rocket ship tech)
Replies: 46
Views: 6702

Re: Compensation negotiation strategy (rocket ship tech)

Earn money. Spend less. Start grooming your network to include VC people and think of ideas for your own startup. Welcome to the boring middle. Congratulations on your growth, I remember your “should I relocate to the Bay Area?” thread. I’m in electrical engineering and was daydreaming of doing the ...
by psychoslowmatic
Tue May 05, 2020 11:52 pm
Forum: Personal Investments
Topic: Find myself with too much liquidity after *not* buying a house
Replies: 16
Views: 1464

Re: Find myself with too much liquidity after *not* buying a house

Second no-penalty CDs. Lock the rate but can break them in minutes in Ally’s case if you find a house.

Or if you must do something chase the signup bonuses.
by psychoslowmatic
Tue May 05, 2020 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Another Should I Refinance Thread
Replies: 13
Views: 795

Re: Another Should I Refinance Thread

It’s fine I guess. Not really going to move the needle but it’s a net savings. I’d ask if there’s a lock in period when you’ll get dinged to pay back the lender credit if rates fall more and you want to refi again. Also if it’s possible for you to pay down to the conforming loan limit for your area ...
by psychoslowmatic
Fri Apr 10, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

I hate sounding like a shill, but I recommend everyone at least check out Better Mortgage using the better.com/with/Amex link. Better has a price match guarantee and promises to beat your estimate by at least $1000, and, if you have a personal (non-business) Amex card you get $2500 after closing. A...
by psychoslowmatic
Mon Mar 30, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Penfed 5/5 ARM – refi or wait for rate reset?
Replies: 9
Views: 980

Re: Penfed 5/5 ARM – refi or wait for rate reset?

Just wait a few more months, almost exactly 10 months before it resets you should get a reset offer to lock in the current rate -1/16 for $250. That's not super competitive right now but you'll have until 45 (maybe) days before it resets to accept. Also do you know it reamortizes when it resets (or ...
by psychoslowmatic
Sat Mar 07, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Re: Refinance Mega Thread
Replies: 23
Views: 2217

Re: Refinance Mega Thread

If you want to turn it into a rental before it’s paid off I’d chose a 30yr instead.

If set on 15 year, take the no cost one. If this is the new normal then you’ll want to refi in 6 months once mortgage rates have caught up to treasury levels.
by psychoslowmatic
Thu Mar 05, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8053
Views: 561371

Re: Refinance Mega Thread

Anyone have experience refi’ing investment loans? Looking for places to check.
by psychoslowmatic
Mon Mar 02, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: Retire or relocate to Portland, Maine
Replies: 34
Views: 6235

Re: Retire or relocate to Portland, Maine

All breweries mentioned are great but check out Bunker Brewing near Bissell if lagers and pilsners are your thing. They do other styles well but they’re great at those. Also Slab for great Sicilian pizza and Maine Beer Company in Freeport for awesome beer and great pizza.
by psychoslowmatic
Sun Mar 01, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lock or float mortgage rate?
Replies: 8
Views: 856

Re: Lock or float mortgage rate?

I’d probably take the lock and plan on refinancing again in 6 months if the world has actually ended.
by psychoslowmatic
Sun Mar 01, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever put down an extremely large down payment on a house?
Replies: 12
Views: 1406

Re: Has anyone ever put down an extremely large down payment on a house?

It’s cheaper up front to roll closing costs into a large loan than a small one. Because closing costs are relatively the same whether you borrow 100k or 1M, the entity lending the money will accept a smaller premium and assume they’ll make the costs back fast. So (made up numbers) if I were buying a...
by psychoslowmatic
Wed Feb 26, 2020 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Dirt cheap HEL / HELOC or 10/15 yr mortgage available? Where?
Replies: 12
Views: 961

Re: Dirt cheap HEL / HELOC or 10/15 yr mortgage available? Where?

I still remember that deal and regret I didn’t take it. One of the few that got away. Cash flow would’ve been tight but it turns out would’ve been fine in hindsight. Third Federal’s prime-1.01 is the lowest I’ve seen for a HELOC. They also have a cheap 10-year fixed at 3.19 with $295 closing costs. ...
by psychoslowmatic
Wed Feb 26, 2020 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47439

Re: 30 year mortgage under 3%

I always like to give info from PSECU as a data point for others. As of Feb 25, 2020 10-year: 2.625 15-year: 2.75 20-year: 3.125 30-year: 3.25 I am currently 2 years in on a 30-year at 3.875. 200k paid down to 180k with a few extra payments. Refi would cost 3650 or so. Wow. I have a refi app with a...
by psychoslowmatic
Sun Feb 09, 2020 10:42 am
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3386

Re: 17 mo CD 2.25 apy Is there better?

hirlaw wrote: Sun Feb 09, 2020 9:54 am I just opened two CD's at Cy Fair Fed. Credit Union in Houston:

One year: 2.35%

Three years: 2.60%

www.cyfairfcu.org/rates#DepositRates
Am I missing something on their "join" page or can you only become a member if you live in Harris or certain zip codes in Waller County, Texas?
by psychoslowmatic
Sat Feb 08, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5300

Re: Refinance Mortgage?

Did everyone suggesting prepaying/15 year miss that the OP has 4 kids in or about to be in college? Their cash flow has other demands for the foreseeable future. OP, it's not a bad loan, but I'd shop LenderFi, Better.com, or zillow mortgage marketplace to look for a closer-to-zero cost loan. The hig...
by psychoslowmatic
Fri Feb 07, 2020 10:46 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3386

Re: 17 mo CD 2.25 apy Is there better?

You're glossing over the best thing about this CD, that it's a $50 min add-on CD, unfortunately capped at 75k. Open it now with $50 and in a year you'll have a 2.25% 5 month CD.

Alas that is a top-5 CD rate for that duration right now, at least in the Northeast.
by psychoslowmatic
Sat Feb 01, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Best bank for holding EF and short term savings?
Replies: 40
Views: 2730

Re: Best bank for holding EF and short term savings?

If you don't know about it yet, check out https://www.depositaccounts.com/blog/ There's a menu bar at the top with different kinds of accounts (savings, checking, money market, CDs). Click on one, enter your zip code and the amount you keep in it, and it'll organize all the accounts available starti...
by psychoslowmatic
Wed Jan 29, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3859

Re: Made partner but no contract after 2 months, what should I do?

It sounds like they added you as partner at the same time as they’re revising the partnership agreement for everyone. In your shoes I would approach the other partners saying that you really would like to start the buy-in clock and could you sign a copy of the old partnership agreement with the unde...
by psychoslowmatic
Fri Jan 10, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance Help
Replies: 6
Views: 454

Re: Mortgage Refinance Help

It varies by lender but I thought PMI was cheaper sometimes if you have a 15 year mortgage? I’d stick with the 30 year for cash flow insurance but pay down to avoid PMI I don’t know. It’s a nice secondary emergency fund, your PMI is pretty cheap but it’s always annoying to pay more. I’d lean towards...
by psychoslowmatic
Tue Nov 05, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Job change + high healthcare costs = pay deductible twice?
Replies: 17
Views: 1381

Re: Job change + high healthcare costs = pay deductible twice?

No idea if this is right, but would taking COBRA coverage through the old company through the end of the year avoid repaying the deductible?
by psychoslowmatic
Wed Jul 17, 2019 10:18 am
Forum: Personal Investments
Topic: Add on CD as insurance against falling rates
Replies: 9
Views: 1443

Re: Add on CD as insurance against falling rates

FYI for anyone who opened one of the United Bank CDs OP mentioned, the bank is being bought by People’s United Bank.