Search found 127 matches

by John Doe 123
Tue May 11, 2021 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home warranty instead of home inspection contingency
Replies: 21
Views: 1173

Re: Home warranty instead of home inspection contingency

Read the home warranty. It probably isn't worth the paper it's printed on.

Get a home inspection. Get one from an inspector that you've found independent of your realtor.

If this isn't possible, then negotiate the price down accordingly. Do not rely on a home warranty.
by John Doe 123
Mon Apr 12, 2021 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi refinance experience -- not so good
Replies: 22
Views: 1499

Re: LenderFi refinance experience -- not so good

OP, I got about half way through your post & had to stop. You say they lied, were awful, rude and tried to weasel more money but you never really gave any specifics. This is a post if you ranting but no real meat to what you’re saying. Maybe you should read through the end. :) I'm glad to see t...
by John Doe 123
Tue Mar 30, 2021 1:15 am
Forum: Personal Investments
Topic: Are these 401(k) fees normal?
Replies: 25
Views: 2240

Re: Are these 401(k) fees normal?

The only fees I see listed at vanguard is a quarterly $10 plan fee.

I'd send an inquiry to chase and/or to your employers benefits team to see if they can explain what those fees are.
by John Doe 123
Thu Mar 18, 2021 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help Finding an Independent Insurance Agent for LTD
Replies: 6
Views: 413

Re: Help Finding an Independent Insurance Agent for LTD

tj wrote: Thu Mar 18, 2021 10:08 pm Just PM Boglehead user BruDude. He can help you.
+1
by John Doe 123
Fri Feb 26, 2021 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing
Replies: 140
Views: 11053

Re: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing

My mortgage is 5.5% Do I aggressively pay off my mortgage before investing more money in my taxable account? You refinance ASAP. Not so fast. How much is left on the mortgage balance? Do you have earned income to prove to the bank you can pay the mortgage off? Refinance works if you have a balance ...
by John Doe 123
Tue Dec 15, 2020 9:18 pm
Forum: Personal Consumer Issues
Topic: Best ice making with dispenser refrigerator for under $1600 usd?
Replies: 19
Views: 1281

Re: Best ice making with dispenser refrigerator for under $1600 usd?

Do not buy a samsung refrigerator! We bought a house that came with a samsung fridge about 1.5 years ago. It's broken twice - the ice maker died and then the inverter board died. Luckily I was able to troubleshoot these issues myself because I am somewhat handy, so I was able to repair them for a co...
by John Doe 123
Sat Nov 14, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: What'd you pay in closing costs recently?
Replies: 11
Views: 1058

Re: What'd you pay in closing costs recently?

The upper limits on conventional loans are usually in the neighborhood of a half million. Your loan will likely not have the same lucrative terms as someone with a lower mortgage balance. Keep that in mind when you review people's responses.
by John Doe 123
Fri Oct 23, 2020 1:02 pm
Forum: Personal Investments
Topic: Going “all in” on paying mortgage
Replies: 178
Views: 14787

Re: Going “all in” on paying mortgage

Okay, I'm sorry; I simply don't understand this! In other words you would have preferred to let the loan that you signed up for go into default since it was non-recourse? Wow! Seems to me that logic created a LOT of problems in the economy didn't it? On a separate note; if you or any of us had the ...
by John Doe 123
Fri Oct 16, 2020 12:51 am
Forum: Personal Consumer Issues
Topic: [Cheapest "Bring-Your-Own-Device" Cell Phone Service?]
Replies: 8
Views: 1171

Re: Cell Phone Service

Red pocket mobile
by John Doe 123
Wed Oct 07, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage Refinance - What's the catch?
Replies: 12
Views: 1288

Re: Home Mortgage Refinance - What's the catch?

To answer your question OP - refinancing is a no brainer for you. Ask the lender what the total out of pocket cost for you would be and confirm that it is a net credit. If there are out of pocket costs for you, ask them about a "no cost" refinance. I've refinanced 4 or 5 times over the cou...
by John Doe 123
Wed Oct 07, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage Refinance - What's the catch?
Replies: 12
Views: 1288

Re: Home Mortgage Refinance - What's the catch?

If you only stay in your home for 5 years, are you saving anything? I am expecting that I will have paid more of the principal when I sell the house. Isn’t it the case? Not much. Based on the numbers that he provided, it seems his mortgage balance is roughly $425k. He'd be knocking the interest rat...
by John Doe 123
Thu Sep 24, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Large Nest Egg...should I run a deficit to pay a larger mortgage?
Replies: 40
Views: 3130

Re: Large Nest Egg...should I run a deficit to pay a larger mortgage?

Type "sequence of returns risk" into the google machine. Yes, the market will likely return 6-8 percent over a long period of time. But you don't have the luxury of time when a bank is demanding payment on a mortgage note. It doesn't matter if the stock is up 8% or down 50% --you have to s...
by John Doe 123
Fri Sep 18, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4894

Re: Reason not to rent out your old house?

I believe if you haven't used the home as a primary residence for 2 of the past 4 calendar years, then you have to pay capital gains on the sale of the home.
by John Doe 123
Sun Sep 13, 2020 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 15166

Re: Paying off sub 4% mortgage interest rate early

You are totally missing the point. Let’s say you purchase a car worth $40,000 and you put $10,000 down so you owe $30,000. If the car gets in an accident and is now worth $20,000, even though it has been restored to a working condition, do you know oh $30,000 on a $20,000 car. Even if your rate is ...
by John Doe 123
Sun Sep 13, 2020 2:51 am
Forum: Personal Investments
Topic: Ally Bank Not Reliable
Replies: 50
Views: 5160

Re: Ally Bank Not Reliable

I am sorry for your struggle, but it seems they accommodated you per your request once you called. Are you sure you want to give up on them so quickly? I really didn't want to, however being locked out for days seems almost unreal. It also raises a number of other questions, for example, were this ...
by John Doe 123
Sun Aug 16, 2020 11:07 pm
Forum: Personal Consumer Issues
Topic: USPS shipping: Caveat Emptor
Replies: 79
Views: 5070

Re: USPS shipping: Caveat Emptor

I bought a DVD on eBay July 24th. It was sent July 25th via USPS media mail from Michigan. I am in Wisconsin. It has still not arrived.

I've had great experiences with USPS until recently. It's almost as if something has changed recently....
by John Doe 123
Tue Apr 21, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 301
Views: 25715

Re: Are we better off now than Dec 2018?

What I am doing is a marketwide version of "I am not buying XYZ.com because I believe it to be overvalued". Or the same thing but I am selling it for the same reason. Do you all believe that you cannot time the purchase or sale of an individual stock? The market knows all? Not really. Som...
by John Doe 123
Fri Mar 13, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: NCAA cancels March Madness tournaments
Replies: 51
Views: 2645

Re: NCAA cancels March Madness tournaments

The NCAA championship wasn’t canceled during WWII. Too bad we don’t have more of the greatest generation around. People are wimps these days. Cancelling NCAA would have had no impact on War. But cancelling NCAA and large gatherings can slow down spread of the virus. It’s just being prudent. Doesn’t...
by John Doe 123
Wed Mar 11, 2020 12:55 am
Forum: Personal Investments
Topic: Refinance dilemma - Please help
Replies: 8
Views: 740

Re: Refinance dilemma - Please help

Thank you for all the responses. I forgot to add that I was trying to change the loan term to a 15-year term for a faster payoff and less total interest payment. The best rate I could find for my rental was 3.5% (same as my current 30-year fixed rate). Does it still make sense to refinance or shoul...
by John Doe 123
Thu Feb 06, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Mortgage Question
Replies: 20
Views: 1853

Re: Simple Mortgage Question

So you believe that the ability to reduce the P&I from $1,360 to $999 is worth paying an additional $2,583 in annual interest, almost $108/month? That seems like a terrible trade-off to me. If the OP's 3 month emergency fund isn't enough, building it up to 6 months or more would seem to be a fa...
by John Doe 123
Thu Jan 09, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Need help finding parts for a Maytag dryer Model DG606 I might need a thermocouple or a gas valve.
Replies: 19
Views: 961

Re: Need help finding parts for a Maytag dryer Model DG606 I might need a thermocouple or a gas valve.

Find the serial number for your dryer, google for a part diagram, and then put the part numbers into ebay and/or amazon.
by John Doe 123
Tue Jan 07, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: Does pulling money out because of fear make the market go down?
Replies: 79
Views: 6072

Re: Does pulling money out because of fear make the market go down?

greg24 wrote: Mon Jan 06, 2020 12:12 pm $71k invested? I hate to be blunt, but there are people on this board who gain or lose that much money on a single trading day.
With friends like these, who needs enemies?
by John Doe 123
Tue Jan 07, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial Looking for Creative Alternatives for Loan/Mortgage
Replies: 77
Views: 5546

Re: Millennial Looking for Creative Alternatives for Loan/Mortgage

You want a below market rate and you want to dictate how the lender appropriates the discounted interest you pay? :shock:

If you really make 180k/year then save for a few more years and buy a house in cash.
by John Doe 123
Wed Jan 01, 2020 5:52 pm
Forum: Personal Investments
Topic: Can I retire part time? Age 36
Replies: 28
Views: 4596

Re: Can I retire part time? Age 36

The responses is this thread are kind of silly. OP has $920k, and needs ~$12k/yr to make ends meet after going part-time. That's a 1.3% withdrawal rate. So the real question is will a 1.3% SWR last ~50 years? I think most people would say yes (including me), yet everyone here is saying no. My only ...
by John Doe 123
Tue Dec 31, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: $1.05 fee for changing my address?
Replies: 23
Views: 3691

Re: $1.05 fee for changing my address?

Moving into a new apartment soon and filled out one of those paper forms at the local post office. No problem. But then I figured to be sure I'll do it online as well at usps.com and for that privilege I need to pay a $1.05 fee. Is this new? Its not new. It serves as a way to prevent fraud and veri...
by John Doe 123
Tue Dec 31, 2019 12:41 pm
Forum: Personal Investments
Topic: Should I cash out mom's whole life insurance (burial) policy?
Replies: 8
Views: 633

Re: Should I cash out mom's whole life insurance (burial) policy?

The premiums paid are a sunk cost. In my eyes it is a math problem. $10,022 - 2,857 = $7,165 difference in cash out vs benefit amt upon death $7,165 divided by $74 premium = 96 months ie 8 years. Taking the time value of money into account, the break even point is probably somewhere around 6-7 years...
by John Doe 123
Mon Dec 09, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: $1.05 fee for changing my address?
Replies: 23
Views: 3691

Re: $1.05 fee for changing my address?

Moving into a new apartment soon and filled out one of those paper forms at the local post office. No problem. But then I figured to be sure I'll do it online as well at usps.com and for that privilege I need to pay a $1.05 fee. Is this new? Its not new. It serves as a way to prevent fraud and veri...
by John Doe 123
Mon Dec 09, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: $1.05 fee for changing my address?
Replies: 23
Views: 3691

Re: $1.05 fee for changing my address?

Moving into a new apartment soon and filled out one of those paper forms at the local post office. No problem. But then I figured to be sure I'll do it online as well at usps.com and for that privilege I need to pay a $1.05 fee. Is this new? Its not new. It serves as a way to prevent fraud and veri...
by John Doe 123
Tue Nov 19, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Bill Gates' backed Heliogen may revolutionize energy industry
Replies: 65
Views: 6737

Re: Bill Gates' backed Heliogen may revolutionize energy industry

I agree with a number of the earlier posts that I don't think this is a revolutionary concept. I think they are just adding '"AI" as part of the technology to add some more buzz to the story. The manner in which the sun moves across the sky has been known for years. Maybe they had to twea...
by John Doe 123
Thu Nov 07, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Sell equities to pay down mortgage
Replies: 22
Views: 2236

Re: Sell equities to pay down mortgage

How much are you paying in PMI? It might make sense to sell some equities and pay the taxes on the gains to get rid of that PMI... but probably does not make sense beyond that IMO
by John Doe 123
Mon Sep 09, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance or pay off mortgage?
Replies: 19
Views: 1984

Re: Refinance or pay off mortgage?

I would look into no cost refinance options. You should be able to refinance to a rate that is higher than the prevailing market rates, but lower than 4.25% without paying anything into closing costs.
by John Doe 123
Thu Sep 05, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 4987

Re: Wedding/Engagement Ring Insurance

Big difference in cost between a jewelry policy sold by a jewelry store and personal property on a homeowner's / renter's policy. We have $13,500 of listed items and pay $26.40 per year. Imagine if a piece of jewelry simply falls off (necklace breaks). Or stones fall out of a setting. Less than $30...
by John Doe 123
Thu Sep 05, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 4987

Re: Wedding/Engagement Ring Insurance

Your insurer may require a new appraisal in order to reduce the level of coverage to $15K. Annoyingly, my insurer bumps the value by 6%/year, even though the value of the insured item has not increased at that rate. The only way to have my insurer reduce the insured value was to submit a new apprai...
by John Doe 123
Wed Sep 04, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 37
Views: 4030

Re: Home warranty - is it worth the money?

Our last house came with a home warranty that was paid for by the seller. We tried to make a claim within the first month and one of the company's customer service reps pointed to the fine print and told me that it was not covered. I took a closer look at the fine print, and found that I was able to...
by John Doe 123
Wed Sep 04, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 2632

Re: Do you have disability insurance?

I have it and I also work a white collar desk job. I had a group policy through my office for several years. When we had a baby I started to actually look at that policy and discovered it was a pretty lousy policy. I purchased an individual policy, and while it isn't cheap I do find it to be worthwh...
by John Doe 123
Wed Sep 04, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 254
Views: 35245

Re: Michael Burry: Index Funds are like Subprime CDOs

I read the article and I think that he makes a good point. I agree, a very good point... I'm just not sure that there's a better way than passive index funds, as I don't have the time to do security level analysis on thousands of equities, and I also don't think there are any actively managed funds...
by John Doe 123
Wed Sep 04, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 254
Views: 35245

Re: Michael Burry: Index Funds are like Subprime CDOs

vitaflo wrote: Wed Sep 04, 2019 9:05 am At the end of The Big Short, it said Burry was only focused on investing in one commodity: Water. Whatever happened to that one?
Did you read the article?
by John Doe 123
Wed Aug 28, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Tailgating Equipment Recommendations
Replies: 22
Views: 1525

Re: Tailgating Equipment Recommendations

Back in college I had season tickets to the Brewers with a few buddies. One of them bought a pop up canopy similar to the one below and kept it in his trunk. It saved us numerous times, and we even made some friends when it happened to rain. https://www.walmart.com/ip/Ktaxon-EZ-POP-UP-10-X-10-Anti-U...
by John Doe 123
Wed Jul 24, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5782

Re: How do you deal with looking bad compared to others?

Spend less time around toxic/superficial people would be my suggestion.
by John Doe 123
Thu Jul 18, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Why Personal Finance is not taught in Schools in the US
Replies: 59
Views: 3368

Re: Why Personal Finance is not taught in Schools in the US

I had a personal finance class at my public high school (class of 2003) that was a part of the required curriculum to graduate.

Most kids didn't care to take it seriously.
by John Doe 123
Tue Jul 16, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15977

Re: House not appraising for amount we were offered!

Any competent buyers agent is going to reply back offering the appraised value and put the ball back in the seller's court. In a 'normal' market, yes. But in a strong seller's market, they'd better not unless they want the buyers to lose any chance of acquiring the home. Our current area is the sec...
by John Doe 123
Mon Jul 15, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15977

Re: House not appraising for amount we were offered!

Any competent buyers agent is going to reply back offering the appraised value and put the ball back in the seller's court. In a 'normal' market, yes. But in a strong seller's market, they'd better not unless they want the buyers to lose any chance of acquiring the home. Our current area is the sec...
by John Doe 123
Mon Jul 15, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15977

Re: House not appraising for amount we were offered!

We had the same problem when we sold our home in April. Any competent buyers agent is going to reply back offering the appraised value and put the ball back in the seller's court. We ended up negotiating, and the buyer was willing in to cough up some cash out of pocket. In the end we met roughly in ...
by John Doe 123
Thu Jul 04, 2019 8:49 pm
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 5990

Re: Reservations about purchasing a 16 year old house

If you have reservations over the purchase of a 16 year old house, then perhaps you should consider renting.

Things will go wrong with a house no matter the age. If you don't want to deal with the headaches then renting is absolutely the best option for you.

A house is a lifestyle choice.
by John Doe 123
Mon Jul 01, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lock in 30y Mortgage Rate at 3.875%?
Replies: 56
Views: 6491

Re: Lock in 30y Mortgage Rate at 3.875%?

I am in the process of refinancing to a 30 year @ 3.625 for no cost. You can almost certainly do better than 3.875% if you go through a private brokerage instead of using a bank or credit union. I wish I figured this out years ago, it would have saved me thousands. This. I am seeing 3.5-3.7% intere...
by John Doe 123
Mon Jul 01, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Going to switzerland this september-advice?
Replies: 30
Views: 2338

Re: Going to switzerland this september-advice?

We stayed in Gimmelwald for 3 days. The Bener Oberland region above Interlaken is probably the most amazing place I have ever been. I cannot recommend it enough. If I get to go again I might stay in Murren which is one stop down mountain on the cable car. It had equally beautiful views and seemed to...
by John Doe 123
Mon Jul 01, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lock in 30y Mortgage Rate at 3.875%?
Replies: 56
Views: 6491

Re: Lock in 30y Mortgage Rate at 3.875%?

I am in the process of refinancing to a 30 year @ 3.625 for no cost.

You can almost certainly do better than 3.875% if you go through a private brokerage instead of using a bank or credit union.

I wish I figured this out years ago, it would have saved me thousands.