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Eric76

simplesimon wrote: ↑Mon Dec 28, 2020 3:26 pm Any guesses as to how long before funding runs out?

I don't think they came close to running out of funding for the 2nd round, and they tightened up the requirements this round, so I doubt it runs out right away. But who knows?

Eric76

Maybe. Maybe not.

Eric76

I posted this in the mega thread as well, but has anybody had luck renegotiating on credits/rate with Lender Fi after a lock? My loan went to processing today.

Eric76

I locked with LenderFi a couple of weeks ago at 2.75% with a $2200 lender credit. Looking at about $1600 in closing costs (not including pre-paids and escrow). This is apparently a pretty mediocre deal right now. Can I renegotiate with them on an already locked rate, or do I need to let the lock ex...

Eric76

I locked with LenderFi a couple of weeks ago at 2.75% with a $2200 lender credit. Looking at about $1600 in closing costs (not including pre-paids and escrow). This is apparently a pretty mediocre deal right now. Can I renegotiate with them on an already locked rate, or do I need to let the lock exp...

Eric76

FYI if you have to roll any closing costs (aside from prepaids/escrow) then it is not a "no cost refi". Thank you. It seems to me that a true "no cost" loan is when the costs listed on a Loan Estimate in sections D and E (and maybe H, though I have not seen one) minus any lender...

Eric76

Just locked my refi through lenderfi at 2.75 by using the backdoor method that someone here linked to. This thread is incredible! Thanks to all who contribute.

Eric76

I don't efile my taxes but I do use EFTPS to make quarterly payments. Does anybody know if I will receive the stimulus payment to my account linked with EFTPS, or will I need to wait for a paper check because I don't efile?

Eric76

Although the 10 year has moved down ~40 bps since the rates hit 3.125% (30 year, 70% max LTV 0 origination pts, 800+ credit) at the local bank I was looking to refinance at, my quoted mortgage rate has not moved down at all. Normally, a 40 bps drop translates into 2+ origination pts or a rate drop ...

Eric76

I'm in Florida and the rates on lenderfi have somehow been going up in the past week even as the 10 year plummeted. Last week I could get 3.25 30 year with no closing costs, and now I would have some closing costs at 3.375. Makes no sense to me. Let me make sense of it for you. They are getting swa...

Eric76

I'm in Florida and the rates on lenderfi have somehow been going up in the past week even as the 10 year plummeted. Last week I could get 3.25 30 year with no closing costs, and now I would have some closing costs at 3.375. Makes no sense to me.

Eric76

Does anybody know of lenders other than LenderFi and AimLoans that don't require personal information to give quotes and closing costs?

Eric76

Happy Birthday Taylor! What is the secret to your longevity?

Eric76

Paid for my parents' 50th anniversary party.

Eric76

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next rece...

Eric76

They are sitting on $128 billion in cash that is therefore not invested. That's a cash drag. I don't pretend to understand the specifics of the insurance business to know if that cash has a business purpose for sitting there. But even if it does, I want the equity portion of my portfolio fully inve...

Eric76

Assuming you filed your 2014 taxes by the April 2015 deadline, the statute of limitations for the IRS to audit you expired in April 2018. (This is extended in some situations, but not for a minor error like yours). This is incorrect in the OP's facts and circumstances. While there is a statute of l...

Eric76

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next rece...

Eric76

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next rece...

Eric76

I'm sure Joe Davis is a sharp guy, but his market outlook for 2020 is as useful to me as a screen door on a submarine.

Eric76

I much prefer Naples to Ft. Myers.

Eric76

Did the ask price hit your limit?

Eric76

I'm surprised he only has $340 million under management even after all the notoriety.

Eric76

Negative interest rates is one way to pay off the national debt!

Someone posted a link here a while back that I can't find about how global interest rates have been declining for 600 years. Negative interest rates could be the natural result of that trend.

Eric76

I have no opinion on that particular fund, but I do want to know when you expect the market to "cool down for investing." Seems to me this thread could have been posted anytime in the last decade or so.

Eric76

Somebody posted an academic study showing that global interest rates have been in a general decline for centuries. Can't find the thread, but it was fascinating.

Eric76

VUSXX has a higher yield than VBIRX. Due to inverted yield curve I guess.

Eric76

What's the difference between a defined benefit plan and an annuity? I thought an annuity was a defined benefit plan.

Eric76

The retirement contributions should be put on hold until the credit card is paid off.

Eric76

3funder wrote: ↑Tue Apr 16, 2019 7:38 am You'll probably be fine with either.

I understand that they are both very low risk investments. I'm trying to understand the advantage of the bond fund over the mm fund with almost identical yields.

Eric76

Why would someone invest in the Short Term Bond Index Fund and assume any risk for .05% above the (essentially) risk free money market? Am I missing something? You're missing the fact that interest rate risk is not the only type of risk associated with bonds... I didn't miss that fact, which makes ...

Eric76

The SEC yield on the VG Short Term Bond Index Fund is currently 2.5%.

The SEC yield on the VG Prime Money Market is currently 2.45%.

Why would someone invest in the Short Term Bond Index Fund and assume any risk for .05% above the (essentially) risk free money market?

Am I missing something?

Eric76

The thing about the new tax law that bugs me is that I bought my home in 2015 thinking I would derive a tax benefit by itemizing, but with the 24k standard marital deduction, and itemized deductions at 23k, I may as well be renting. The TCJA eems to disincentivize home ownership.

Eric76

Move to Florida.

Eric76

Being the lowest cost ETF is nothing but marketing gimmickery at this point.

Eric76

Our 2013 SF Sport experienced a catastrophic engine failure as my wife was driving 70 mph down the interstate. Fortunately she wasn't injured, but needless to say, it could have easily been deadly. This happened after we brought the vehicle in for a safety recall on this very issue. Hard pass on Hyu...

Eric76

I maintain an over funded position in BSV as a percentage of my portfolio to cover unexpected emergencies. Will it drag my long term returns? Absolutely. I guess sleeping at night is my priority.

Eric76

I'm 100% VTSAX as well as a pension (govt). Not crazy. What's the point of accumulating if you can't rely on some good market runs? I just treat the pension as a fixed income position. There are a few with anti-pension jealousy that motivates some here. Do not listen to them or try to convince them...

Eric76

I wouldn't be comfortable with any defined benefit pension these days. I especially wouldn't be confident that the 3% cola will sustain.

Eric76

My dad is VG Flagship. Is there anything I can do to be able to invest in Prime Cap? That is the only thing I care about from Flagship. Unfortunately I can see it taking me at least 15 years to get to Flagship, since my 401k is not at VG. I've had a Vanguard account since I was a kid. I never chang...

Eric76

I can't believe people will still pay a 5.75% load. That's insane.

Eric76

SpideyIndexer wrote: ↑Sat Oct 20, 2018 1:32 pm Try Farmer's.

I've heard they know a thing or two about a thing or two.

Eric76

He might just be right. Or not.

Eric76

That was great. Long live Jack Bogle!

Eric76

First thing I would do is dump all the Berk with zero to little capital gains, and put all proceeds into the appropriate stock/bond index funds based upon your risk tolerance and time frame. Despite its diversification, Berk is in a way more risky than a typical stock because it's a gamble that whoe...

Eric76

Seems that stock splits are generally out of vogue these days. Apparently Fidelity is trying to make it cool again.

Eric76

For me there is a "sleep at night" component to my portfolio. Thus, despite what the math says, 100% equities doesn't work for me. Advising that 100% equities is the right allocation for others seems overly simplistic.

Eric76

Pretty meaningless. .04 and .03 are both basically nothing.

Eric76

My son has a MoviePass and loves it. It's also an easy decision for the theaters. It's like a casino comping a room. It's already built, so any further use is pure profit. And they make the real money on the concessions. This isn't an accurate analogy because the theaters aren't "comping"...

Eric76

When I typed Grant Cardone on google, he is noted as an "Actor." He wrote a book with a title used as a tagline in "Talladega Nights: The Ballad of Ricky Bobby." He is also the proprietor of something called "Cardone University." I'll stick to taking investment advice f...

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