Search found 48 matches

by FS51
Wed Oct 14, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1638
Views: 152306

Re: My LenderFi refinance is going well

Data point - I closed on my refinance in Sept and my loan was just sold to AmeriHome. Question - I prepaid taxes that are due 11/01. The bill appears to still be outstanding. Shouldn't LenderFi be paying these taxes? When should they be paid? I just emailed them and I'm awaiting a response but I th...
by FS51
Tue Oct 13, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1638
Views: 152306

Re: My LenderFi refinance is going well

Data point - I closed on my refinance in Sept and my loan was just sold to AmeriHome. Question - I prepaid taxes that are due 11/01. The bill appears to still be outstanding. Shouldn't LenderFi be paying these taxes? When should they be paid? I just emailed them and I'm awaiting a response but I th...
by FS51
Tue Oct 13, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1638
Views: 152306

Re: My LenderFi refinance is going well

Data point - I closed on my refinance in Sept and my loan was just sold to AmeriHome. Question - I prepaid taxes that are due 11/01. The bill appears to still be outstanding. Shouldn't LenderFi be paying these taxes? When should they be paid? I just emailed them and I'm awaiting a response but I tho...
by FS51
Tue Sep 29, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 159
Views: 20002

Re: Landlords: How are you doing this year?

whoshighpitch wrote: Tue Sep 29, 2020 1:06 pm I'm doing great! Took advantage of the real estate boom and sold my single family rental house! Rolling the proceeds into Vanguard mutual funds and letting it ride. Couldn't be happier about it. :happy
+1
by FS51
Wed Sep 16, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

whats the preference between LenderFi and Loan Depot? Who closes the fastest? anyone? I can tell you LD tried to play with prepaids and say they were having me bring less cash to close and then tried to put the hard push to lock right away. Lenderfi was a 30 day rate lock and LD was 60 but said the...
by FS51
Fri Sep 11, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1638
Views: 152306

Re: My LenderFi refinance is going well

My LenderFi data point: Applied - 8/16 (11:30pm) LE - 8/18 Updated LE (lower rate) - 8/19 Verbally locked rate and uploaded docs - 8/20 Locked LE - 8/21 Loan Processor asked about additional docs - 8/23 Pre closing CD - 8/27 Scheduled Closing for Sept 3rd disbursement for 9/8 - 8/28 Final CD - 8/31 ...
by FS51
Wed Sep 02, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

Has anyone worked with Silk title company through lenderfi? They are seemingly in the process of dropping the ball on my close tomorrow.
by FS51
Mon Aug 31, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

Helping a friend through a refi now and I didn't realize his LTV was over 80% so it includes PMI. He's started getting his first LEs and they've been pretty solid. No cost ABCE - Lender Credits = 0 and 2.625% rate. What I'm running into that I don't fully understand as I haven't dealt with it before...
by FS51
Thu Aug 27, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

Quick question: I just received my pre closing disclosure and my prepaids and initial escrow amounts went up significantly. Am I right in assuming this all comes out in the wash as it's my escrow and prepaids that I have already funded or would be funding anyway? I don't mind paying the extra cash ...
by FS51
Thu Aug 27, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

Quick question: I just received my pre closing disclosure and my prepaids and initial escrow amounts went up significantly. Am I right in assuming this all comes out in the wash as it's my escrow and prepaids that I have already funded or would be funding anyway? I don't mind paying the extra cash a...
by FS51
Mon Aug 17, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

Received LE from lender 3.00% 30yr Fixed A - 0 B - 201 C - 1070 D - 1271 E - 205 F - 987 G - 1849 I - 3041 J - 2836 (D+I - 4312 - 1476 lender credit) I was looking for a no cost. Am I reading this right? Looking at 3041 in prepaids and escrow and the lender credit wipes out the loan costs? Still 28...
by FS51
Mon Aug 17, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

Received LE from lender 3.00% 30yr Fixed A - 0 B - 201 C - 1070 D - 1271 E - 205 F - 987 G - 1849 I - 3041 J - 2836 (D+I - 4312 - 1476 lender credit) I was looking for a no cost. Am I reading this right? Looking at 3041 in prepaids and escrow and the lender credit wipes out the loan costs? Still 283...
by FS51
Fri Aug 14, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

I've been watching rates since March but due to outside forces haven't been ready to refinance yet. We're looking at a jumbo refi at approximately 70% LTV. Current rate is just over 4%!! Rates I've been seeing have been low 3s at little or no cost. With this new bs .5 money grab is there any expect...
by FS51
Fri Aug 14, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9506
Views: 664184

Re: Refinance Mega Thread

I've been watching rates since March but due to outside forces haven't been ready to refinance yet. We're looking at a jumbo refi at approximately 70% LTV. Current rate is just over 4%!! Rates I've been seeing have been low 3s at little or no cost. With this new bs .5 money grab is there any expecta...
by FS51
Mon Aug 10, 2020 11:50 am
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

I recently looked this up as I am in the process of selling a house converted to rental. From what I recall, the cost-basis for computing a loss is the lesser of original cost basis at purchase vs fair market value at time of conversion. https://www.bradyware.com/home-to-rental-conversion-tax-rules...
by FS51
Sun Aug 09, 2020 8:42 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

MarkNYC wrote: Sun Aug 09, 2020 8:37 pm How many years have you owned the property, and how much less is the selling price than the purchase price?
Owned the property 8 years. Approximately 45k less.
by FS51
Sun Aug 09, 2020 8:31 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

Thank you for the quick replies! How does one determine the fmv at time of conversions? In my mind, it was worth what we paid for it, haha. Purchase price minus depreciation, I believe I'm still the red. You'd need to have some independent documentation that establishes its value around the time of...
by FS51
Sun Aug 09, 2020 8:17 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

I understood. It's why I wouldn't go that route, haha. It's good to know my options though!
by FS51
Sun Aug 09, 2020 8:07 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

Gill wrote: Sun Aug 09, 2020 8:03 pm Appraisers can give you an “as of” appraisal. My guess is it might be close in value to your current selling price.
Gill
Yes. I believe if I asked for an appraiser to give me an as of appraisal right after selling my home, it would be fairly close to what it sold for. I appreciate your input!
by FS51
Sun Aug 09, 2020 8:02 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

Thank you for the quick replies! How does one determine the fmv at time of conversions? In my mind, it was worth what we paid for it, haha. Purchase price minus depreciation, I believe I'm still the red. You'd need to have some independent documentation that establishes its value around the time of...
by FS51
Sun Aug 09, 2020 7:41 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

Re: TLH Sale Of Rental Property Against Stock Gains

Thank you for the quick replies! How does one determine the fmv at time of conversions? In my mind, it was worth what we paid for it, haha.

Purchase price minus depreciation, I believe I'm still the red.
by FS51
Sun Aug 09, 2020 7:31 pm
Forum: Personal Investments
Topic: TLH Sale Of Rental Property Against Stock Gains
Replies: 16
Views: 593

TLH Sale Of Rental Property Against Stock Gains

I'm hoping someone will be able to point me in the right direction... 3 years ago we moved out of state for work. We were unable to sell our home but we were able to rent it out. I converted the home to a rental property 2 years ago and started depreciating it as a rental property on our taxes. As t...
by FS51
Tue Apr 21, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: I Got Scammed To Send Amazon Gift Cards
Replies: 139
Views: 13233

Re: I Got Scammed To Send Amazon Gift Cards

Have you tried https://smile.amazon.com/gp/help/custom ... redirect=1 ?

I get an option for live chat as well as to have Amazon call me.

Sorry to hear about the scam!
by FS51
Thu Mar 26, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65562

Re: So bottom is probably behind us....right?

bottom was in 100 years ago. If you invested 10K in a diversified folio 100 years ago and never sell during market correction. Go figure how much the $10k investment worth today. What happend last 3 weeks is just pothole when you look back 5 years later. Stay calm, stay the course. Are you The High...
by FS51
Sun Mar 22, 2020 10:23 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 379
Views: 41210

Re: It's Not Different This Time

#notdifferent
by FS51
Thu Mar 19, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: Pay cleaning lady during coronavirus pause?
Replies: 73
Views: 6087

Re: Pay cleaning lady during coronavirus pause?

We just text our cleaning lady not to come but that we would continue to pay. Waiting on response.
by FS51
Tue Mar 10, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47885

Re: 30 year mortgage under 3%

Just got a quote from my current mortgage lender. Wells Fargo... Currently have 2 mortgages with them. 1 @ 3.625 and 1 @ 4.25. the 3.625 is a rental property so I don't think I can do any better there. The 4.25 is my current residence. I'm approximately 75% LTV on a jumbo loan. They offered me a 30...
by FS51
Mon Mar 09, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47885

Re: 30 year mortgage under 3%

Just got a quote from my current mortgage lender. Wells Fargo... Currently have 2 mortgages with them. 1 @ 3.625 and 1 @ 4.25. the 3.625 is a rental property so I don't think I can do any better there. The 4.25 is my current residence. I'm approximately 75% LTV on a jumbo loan. They offered me a 30y...
by FS51
Fri Feb 07, 2020 11:56 pm
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 109
Views: 8989

Re: What do you/did you spend your bonus on?

Was a big one this year. Did 2 overpriced boss Hogg's and the rest went towards my AA.
by FS51
Sat Jan 11, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone sold a home to Zillow?
Replies: 26
Views: 5237

Re: Has anyone sold a home to Zillow?

I posted details in another thread but the basics are- Zillow was right on value based on what we were listing the house for. Zillow has a high commission plus you pay their closing costs and what they want for repairs (you can't make the repairs). If I remember correctly we were looking at between...
by FS51
Mon Sep 16, 2019 7:51 pm
Forum: Personal Investments
Topic: Emp Stock Purchase vs 401k increase
Replies: 33
Views: 2576

Re: Emp Stock Purchase vs 401k increase

I utilize my ESPP to the maximum because you're almost guaranteed to make at least 15% ROI (but if your stock has appreciated over the period you might make more than that!) but I sell the first day I can. I'd rather not take risk of the stock tanking just to get the favorable tax rate. Up to you b...
by FS51
Sun Jul 28, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Weed clearing: Landlord vs. tenant responsibility?
Replies: 50
Views: 4984

Re: Weed clearing: Landlord vs. tenant responsibility?

As a reluctant landlord, I have very clear language about responsibility of the yard. I know full well anything I rely on the renters to take care of will likely not be done to my liking or done at all. I have my current renter doing his own mowing, snow removal and fall cleanups. I, however, on top...
by FS51
Mon Jan 21, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: Have you searched for your unclaimed property?
Replies: 64
Views: 6780

Re: Have you searched for your unclaimed property?

I did this about 10 years ago and never got around to mailing the form in. I finally did about 6 months ago and I had a Western Digital Rebate from when I was in college. Figured it would be about $5 bucks. It was $80 and I was thrilled. Good day. It's the little things...
by FS51
Sun Dec 23, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: how to effectively trade off location & price? (Boston area)
Replies: 57
Views: 3182

Re: Home purchase: how to effectively trade off location & price? (Boston area)

We just went through this... I relocated for work, can live anywhere in the greater Boston area and my wife was looking for a new position. Where she landed ended up being one of the deciding factors due to commute (along with schools, swuare footage, etc.). She landed in Waltham. We'd have loved to...
by FS51
Tue Jul 24, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 661
Views: 94132

Re: Flaunt Your High-Mileage Car

2011 Honda Pilot - 130k
2010 Lexus ES350 - 230k
by FS51
Tue Oct 31, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 4050

Re: Will we be house poor in Boston? Help us to set a budget limit

DW and I are in a similar position with not quite the income or savings you have. I have been extensively researching locations around Boston and at your price point you should be able to find a house no problem within your range without the need for significant renovations. What areas are you looki...
by FS51
Sat Sep 30, 2017 7:03 am
Forum: Personal Consumer Issues
Topic: Caught by speed camera
Replies: 49
Views: 6242

Re: Caught by speed camera

A few years ago I got a collection notice from a company in DC that I owed 250 for getting caught by a speed camera 2 years prior. The car was a rental while I was in DC for work. I knew nothing of the ticket until I got the collections notice. I'm assuming it took a long time for them to track me d...
by FS51
Wed Jun 07, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: My Wife is having our 5th child. What is an appropriately extravagant push gift?
Replies: 90
Views: 12431

Re: My Wife is having our 5th child. What is an appropriately extravagant push gift?

I got my wife a Heather Moore necklace/pendant. 3 pendants actually with 2 being our first initials and one being our child's first and middle name on one side and date of birth on the other. Representative of our family. When our second child was born I added another pendant with that child's first...
by FS51
Tue Jun 06, 2017 1:14 pm
Forum: Personal Investments
Topic: Backdoor Roth Question
Replies: 1
Views: 399

Backdoor Roth Question

I know there's 1000 topics on Backdoor Roth IRAs and I've read the WiKi but I have a simple question I'm hoping someone can help me with. Due to income limitations between me and my spouse, we cannot contribute to Roth IRAs. I currently have a rolled over 401k from a previous employer at Vanguard in...
by FS51
Tue Jun 30, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's your net worth break down? What's ideal?
Replies: 44
Views: 9499

Re: What's your net worth break down? What's ideal?

30's

401ks - 68.10%
Roths - 4.94%
Taxable - 3.50%
Cash - 8.29%
Real Estate - 14.80%
529 - 0.37% (newborn just started contributing)
by FS51
Tue Sep 16, 2014 8:17 pm
Forum: Personal Investments
Topic: Tax Benefit of 529 vs. Flexibility of Roth IRA
Replies: 6
Views: 898

Re: Tax Benefit of 529 vs. Flexibility of Roth IRA

Ybsybs, Thank you so much for the detailed response. I'm reading on my phone right now and have read through twice and while I do think I follow the variables and logic, I'm definitely going to need to re-read this tomorrow on a larger screen. Thank you again for all of the insight. I will follow up...
by FS51
Tue Sep 16, 2014 8:04 pm
Forum: Personal Investments
Topic: Tax Benefit of 529 vs. Flexibility of Roth IRA
Replies: 6
Views: 898

Re: Tax Benefit of 529 vs. Flexibility of Roth IRA

Hi, welcome! It seems I'm a slow writer and trueblueky beat me to it. I'm going to assume you're currently 30s and you might tap into your Roth IRA in your 70s or later. Here's how I would look at it: - If you do the Roth IRA, you pay state and federal tax now, but the $10,000 grows tax-free for 40...
by FS51
Tue Sep 16, 2014 7:56 pm
Forum: Personal Investments
Topic: Tax Benefit of 529 vs. Flexibility of Roth IRA
Replies: 6
Views: 898

Re: Tax Benefit of 529 vs. Flexibility of Roth IRA

Remember to pay $4,000 per year of tuition for four tax years (unfortunately, not the same as school years) from current income or from a taxable account to get the $2,500/year American Opportunity Tax Credit. You can't pay this from Roth or 529. Thank you very much for this!! I hadn't even stumble...
by FS51
Tue Sep 16, 2014 6:48 pm
Forum: Personal Investments
Topic: Tax Benefit of 529 vs. Flexibility of Roth IRA
Replies: 6
Views: 898

Tax Benefit of 529 vs. Flexibility of Roth IRA

I'm hoping someone out there with a little more knowledge on the subject will be able to give some advice/opinion on my family's scenario and this investing question in general. My wife is currently pregnant with our first child and I've been researching 529s a bit and have a quick question. I belie...
by FS51
Mon Sep 15, 2014 5:15 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 56459

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I posted the above question earlier but it didn't get any response so I thought I would try again on just the most specific question I have 😃. Wouldn't contributing to a 529 plan in a state that gives a tax deduction make more sense than a Roth IRA post taxes? Granted you have less control over the...
by FS51
Mon Sep 15, 2014 1:55 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 56459

Re: "Why 97% of People Don't Use 529 College Savings Plans."

My wife is currently pregnant with our first and I've been researching 529s a bit and have a quick question. I believe I understand many of the different opinions of a 529 vs maxing out retirement accounts first, however, I do have a quick question... The wife and I are currently maxing our 401k's ...
by FS51
Thu Sep 11, 2014 11:24 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 56459

Re: "Why 97% of People Don't Use 529 College Savings Plans."

My wife is currently pregnant with our first and I've been researching 529s a bit and have a quick question. I believe I understand many of the different opinions of a 529 vs maxing out retirement accounts first, however, I do have a quick question... The wife and I are currently maxing our 401k's a...