Search found 608 matches

by need403bhelp
Sun Nov 11, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

One spouse can be on the note if his/her credit is sufficient to satisfy the lender. But the lender will want all of the owners of the property on the mortgage. The lender doesn't want to have to foreclose on one owner's interest and not be able to force a sale of the entire property. Thank you so ...
by need403bhelp
Sun Nov 11, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

HueyLD wrote:
Sun Nov 11, 2018 2:40 pm
Not in Texas, but a widow client was demanded to pay her late husband's credit card debt even though the credit card was in his name only. They lived in a community property state.
I see. Thanks so much for sharing your non-Texas community property state experience.
by need403bhelp
Sun Nov 11, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

Not a lawyer nor a creditor but I do live in Texas and I am pretty sure that even if you are the only one on the mortgage, creditors can still go after your spouse if they need to. "(in Community Property States) Debts are owed by both spouses only if the debt benefits the marriage (for example, th...
by need403bhelp
Sun Nov 11, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

OP, When I applied for a mortgage in Texas and refinanced a couple times, it was all only on my name. We both are on the deed though. It's been more than a decade now and we have had zero problems so I highly recommend it (if financially possible to do it on one income). Good luck! Thank you so muc...
by need403bhelp
Sun Nov 11, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

We are both on our deed and our mortgage, but when we got the mortgage we dropped my spouse's income from the application because we easily qualified with just mine. This allowed us to forego providing income documentation for my spouse, who was about to start a new job 2,000 miles away from where ...
by need403bhelp
Sat Nov 10, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

I suspect theory and practice would differ in that situation. In theory the mortgage would be due on sale if she were to get the house and you were no longer on the deed. In practice I suspect if payments continued to be made there wouldn’t be an issue, at least until those payments stopped or she ...
by need403bhelp
Sat Nov 10, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

Re: after death. When my MIL (single) died and my wife called to tell the bank, their first question was, “is anyone going to continue to make payments?” This was Wells Fargo. They’re not interested in taking a house back if someone will keep paying and they even offered to defer three months’ wort...
by need403bhelp
Sat Nov 10, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

I ran into the same dilemma, so I added my wife to my credit cards and her credit score became almost even with mine; we're both on the mortgage. Thanks. Unfortunately, I believe they made a change to FICO8 scoring some years ago now, and authorized user cards don't actually count (at least as much...
by need403bhelp
Sat Nov 10, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

You really need to talk to a mortgage banker in your state of TX. As you know, TX is a community property state and has some unique rules that don't apply to those who live outside of TX. And the family home looks to be a community property and I think the banker will want both spouses' income and ...
by need403bhelp
Sat Nov 10, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

Not saying this would happen but I had a friend who did this. Put both people on mortgage, house went underwater by 350K, He just couldn't walk away. He kept paying. House has recovered but still underwater by 200K. Not encouraging someone to default but banks take advantage of people as well. So h...
by need403bhelp
Fri Nov 09, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Re: Mortgage with or without spouse?

If you make enough to quality for mortguage enough to buy a house, then just do with your name.. lets assume the house goes totally underwater or some bad situation where u cant pay your mortgage or need short sale or need to walk away, you just screw your FICO instead of screwing both.. I see, tha...
by need403bhelp
Fri Nov 09, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with or without spouse?
Replies: 26
Views: 2004

Mortgage with or without spouse?

Dear All: Thank you so much for your past help! We are planning to purchase a house. Up until recently, our plan was to have both of our names on the deed but the mortgage in my name alone. Specifically, my FICO 8 was significantly better than DW's, and it seemed that we could get a better rate this...
by need403bhelp
Thu Nov 08, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Free Credit Monitoring - Need All 3 Credit Bureaus Included
Replies: 7
Views: 533

Re: Free Credit Monitoring - Need All 3 Credit Bureaus Included

Freecreditscore.com for Experian provided by Experian itself.
by need403bhelp
Sat Nov 03, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Best date to schedule I bond purchase? (Fixed rate 0.5%)
Replies: 2
Views: 355

Re: Best date to schedule I bond purchase? (Fixed rate 0.5%)

You're on the right track, but I'd go with the 28th just to avoid the risk of a possible delay in executing the purchase. The two days is probably only about $2-3 on the savings account. Gill I see. Thank you so much for your advice to purchase on the 28th to avoid risk of possible delays executing...
by need403bhelp
Sat Nov 03, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Best date to schedule I bond purchase? (Fixed rate 0.5%)
Replies: 2
Views: 355

Best date to schedule I bond purchase? (Fixed rate 0.5%)

FWIW, I haven't seen the new fixed rate for I bonds posted on bogleheads.org yet, it is 0.5% ! https://seekingalpha.com/article/4216999-great-news-bond-investors-treasury-raises-fixed-rate-0_50-percent We are planning to purchase $10,000 each of I bonds (me and DW) near the end of this month, in ord...
by need403bhelp
Fri Oct 26, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio with TIAA funds from specific plan
Replies: 4
Views: 420

Re: 3 fund portfolio with TIAA funds from specific plan

Yes, that would be the implementation of a traditional diversified index fund portfolio. Another effective portfolio would be: CREF Stock TIAA-CREF Bond Index Fund or TIAA Traditional CREF stock is an all-in-one stock portfolio which will alleviate the need for participants to rebalance across stoc...
by need403bhelp
Thu Oct 25, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio with TIAA funds from specific plan
Replies: 4
Views: 420

Re: 3 fund portfolio with TIAA funds from specific plan

Dear All: I recently gave a lecture to our residents about finance and had some questions about the TIAA plan that is accessible to them. I wanted to check my understanding of their plan before I make any recommendations. (snip) My thoughts regarding the three fund portfolio would be: * US equities...
by need403bhelp
Thu Oct 25, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio with TIAA funds from specific plan
Replies: 4
Views: 420

3 fund portfolio with TIAA funds from specific plan

Dear All: I recently gave a lecture to our residents about finance and had some questions about the TIAA plan that is accessible to them. I wanted to check my understanding of their plan before I make any recommendations. Specifically, they have the following options: TIAA Traditional Annuity - Grou...
by need403bhelp
Sun Oct 21, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: What to do with >$1000 in Amazon credits?
Replies: 57
Views: 5227

Re: What to do with >$1000 in Amazon credits?

FYI, there is a trick to transfer the balance to other accounts via gift of prime memberships:

https://www.dansdeals.com/shopping-deal ... mberships/

I’ve used it multiple times
by need403bhelp
Sun Oct 21, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 57
Views: 7839

Re: Credit card question - get Uber's new 4%er?

Ok, so it seems that Apple Pay etc only get 2% when used online, so wouldn't work in store at Costco to get 2%.

Another question - do 3rd party sites like Kayak, Expedia, and StudentUniverse get 3% on travel? I'm not sure if they are "travel agencies" per se.

Thank you so much!
by need403bhelp
Thu Oct 18, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

My wife and I always apply for individual credit, including mortgages. It will be simpler if you do not need to involve any of her accounts where you aren't a joint owner. One important thing that I have learned though is that you don't have to disclose ALL of your assets. You only need to disclose...
by need403bhelp
Thu Oct 18, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

sunny_socal wrote:
Thu Oct 18, 2018 9:41 am
You'll need to show a paper trail, that's all. If you can show where the money went, you're GTG.
I see. Even if the mortgage is in my name only and some of the funds are only in my wife's name to meet Ally requirements?
by need403bhelp
Wed Oct 17, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

Are you complicating your lives by chasing 1% for a potentially small amount of time? So, to be fair, I believe the annualized yield is something like 4-5%. With that said, that's what I'm trying to figure out. I don't know whether it will complicate our lives - hence I am seeking the input of thos...
by need403bhelp
Wed Oct 17, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

I don’t think having separate accounts would impact your mortgage application. I see. Even if the mortgage is only in my name? I do hope you’re not going to let your dream house go on 1/10 in order to keep the money in through 1/15 for the % bonus. Yes, we definitely would forego the bonus if we fo...
by need403bhelp
Wed Oct 17, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

Are you complicating your lives by chasing 1% for a potentially small amount of time? So, to be fair, I believe the annualized yield is something like 4-5%. With that said, that's what I'm trying to figure out. I don't know whether it will complicate our lives - hence I am seeking the input of thos...
by need403bhelp
Wed Oct 17, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49568

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Mods, if it is inappropriate to post here, please delete my post. However, I am thinking about taking advantage of this promotion for our down payment, but had some questions related to the specifics (having to do two separate accounts to be able to get $1000 bonus for me and DW whereas we'd like to...
by need403bhelp
Wed Oct 17, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Down payment into Ally 1% offer, how will it affect mortgage applications?

Thank you all for your past help. DW & I have ~$200k saved as a downpayment for a home. Unfortunately, due to a fairly large natural disaster in the area in the past years, the housing market in the area we seek (close to work, good public schools) has not had a lot of great options for us. We did f...
by need403bhelp
Mon Oct 08, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 57
Views: 7839

Re: Credit card question - get Uber's new 4%er?

Do people consistently get 2% cash back when using this card with Apple Pay? It is not listed in the terms and conditions, but a Google search shows that as of 12/2017 it should get 2% when paying with mobile wallets. If so, anyone tried the card via Apple Pay at Costco? Most of ours cards are Maste...
by need403bhelp
Mon Oct 08, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4575

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

https://www.nerdwallet.com/blog/finance/security-flaw-at-experian-allows-easy-access-to-pin-to-unlock-credit-freeze/ Any ideas for remedies if one has had one's Experian frozen? According to USPIRG, https://uspirg.org/news/usp/you-should-change-your-experian-credit-freeze-pin , you should spend 30-...
by need403bhelp
Sun Oct 07, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4575

"Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

https://www.nerdwallet.com/blog/finance/security-flaw-at-experian-allows-easy-access-to-pin-to-unlock-credit-freeze/ Haven't yet seen this posted here. Apparently, although Experian asked knowledge-based authentication questions to recover your PIN ("what year honda accord do you own?") answering "N...
by need403bhelp
Sun Sep 30, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1333

Re: Buy I-bonds Oct 2018 for EF? If not, what else?

Thank you all for your past help! I saw some discussions on this forum in the past few months that I bonds are no longer as great as they were in the past low interest rate environment. DW and I max out all our tax-advantaged savings account. Last year, we began to move some of our emergency fund t...
by need403bhelp
Sat Sep 29, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1333

Re: Buy I-bonds Oct 2018 for EF? If not, what else?

Personally, I'd wait until the new fixed rate is announced Nov 1st. Right now it's 0.3% but it could go up in November. I'm fairly confident it won't go down and figure it would more likely go up... or stay the same. :) I'd put the $ in a MM fund and buy your I-Bonds at the end of November. It make...
by need403bhelp
Sat Sep 29, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1333

Buy I-bonds Oct 2018 for EF? If not, what else?

Thank you all for your past help! I saw some discussions on this forum in the past few months that I bonds are no longer as great as they were in the past low interest rate environment. DW and I max out all our tax-advantaged savings account. Last year, we began to move some of our emergency fund to...
by need403bhelp
Sun Sep 16, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 143
Views: 18758

Re: 2018 Forester vs CRV vs RAV4

Four months have passed since your last comment. Have you made a decision, or are you waiting for the 2019 Forester and RAV4 to hit the dealerships? We are waiting for the 2019 Forester to hit the dealerships. Additionally, my wife is now working quite close to my work, and I have re-arranged my sc...
by need403bhelp
Tue Aug 07, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Added as joint account owner - Is it a gift (gift/estate tax)? Is it a good idea?
Replies: 16
Views: 1312

Re: Added as joint account owner - Is it a gift (gift/estate tax)? Is it a good idea?

This is not a gift to you so maybe that helps answer the other concerns. Gill Gill, Why wouldn't this be a gift? Not suggesting any bad or illegal intentions, but if the lady dies and the poster then owns the full 50k, isn't this avoiding gift tax when it was given? No, it’s not a gift at the time ...
by need403bhelp
Mon Aug 06, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

FWIW, we had sent our relatives wire information for our CO360 checking account before we realized we may have a better option and posted here. Today, they did a small(er) test wire today, and it appears that no fees were charged to receive the international wire at CO360, either by CO360 or by any ...
by need403bhelp
Fri Aug 03, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

...Do I understand correctly, then, that a USD transfer from a foreign bank to a big bank (Chase, Citi, or Wells Fargo) will NOT go through any other intermediary bank? Is there any reliable reference for this? Just trying to understand, as the use of intermediary banks seems not very transparent.....
by need403bhelp
Fri Aug 03, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

rbrand1 wrote:
Fri Aug 03, 2018 1:56 am
I’ve used TransferWise as well, and am quite happy with the process.
Thanks so much. Unfortunately, TransferWise does NOT yet allow sending money FROM the specific country, although they do support sending TO some banks in that country.
by need403bhelp
Fri Aug 03, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

The exchange rate from the bank sending the wire transfer may be costing you quite a bit. I've used TransferWise for my transfers from the Eurozone abroad. The first transfer requires ID verification, but after that it's smooth sailing. Thanks so much. Unfortunately, TransferWise does NOT yet allow...
by need403bhelp
Fri Aug 03, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

Presumably you are talking of a large amount? Where you lose money is on exchanging currencies. If your money in the Far East is already in USD then any bank charges on the US side are trivial. Even a $100 on a million is still trivial. On the other hand if the Far East bank charges 1+% as a commis...
by need403bhelp
Fri Aug 03, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

We are looking to receive an international wire transfer in USD from a Southeast Asian country. Our main bank accounts are Capital One 360, Ally, and Synchrony. Due to chasing bank bonuses, we also currently have accounts at Chase, Citi, and Wells Fargo. (I also have accounts with PNC and Denizen.)...
by need403bhelp
Fri Aug 03, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

... I am almost certain that the big banks charge more than smaller banks. Some online banks may not even have the capacity to receive international wires... When possible it's best to go big bank to big bank (either Chase, Citi, or Wells Fargo should be fine) for international wires. If an interna...
by need403bhelp
Fri Aug 03, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Re: Best bank to receive international wire transfer

First, you need to ask each bank how much it charges for "incoming international wires." I am almost certain that the big banks charge more than smaller banks. Some online banks may not even have the capacity to receive international wires. Try to call Vanguard and ask for their international wire ...
by need403bhelp
Thu Aug 02, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 1151

Best bank to receive international wire transfer

We are looking to receive an international wire transfer in USD from a Southeast Asian country. Our main bank accounts are Capital One 360, Ally, and Synchrony. Due to chasing bank bonuses, we also currently have accounts at Chase, Citi, and Wells Fargo. (I also have accounts with PNC and Denizen.) ...
by need403bhelp
Mon Jul 23, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: keep disability insurance while not working?
Replies: 7
Views: 516

Re: keep disability insurance while not working?

Just because you have a working spouse doesn’t mean you shouldn’t insure your income. How sad would you be if you went through 10 years of training to earn that six figure income and then became disabled before you ever had the chance to make some money? It would be very, terribly sad but it wouldn...
by need403bhelp
Thu Jul 19, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 838

Re: Can you ACH PUSH to TreasuryDirect?

HueyLD wrote:
Thu Jul 19, 2018 12:57 pm
Not thoughts, but actual experience.
I see. Thanks for the clarification.
by need403bhelp
Thu Jul 19, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 838

Re: Can you ACH PUSH to TreasuryDirect?

You can transfer to TD from ALLY but not the other way around. TD does not accept ACH debits of any kind. So to send the money back you would have to link the accounts in TD and do a withdrawal from the TD site. I see. So it sounds like Ally probably wouldn't even link the accounts as the test depo...
by need403bhelp
Thu Jul 19, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 838

Re: Can you ACH PUSH to TreasuryDirect?

You can transfer to TD from ALLY but not the other way around. TD does not accept ACH debits of any kind. So to send the money back you would have to link the accounts in TD and do a withdrawal from the TD site. I see. So it sounds like Ally probably wouldn't even link the accounts as the test depo...
by need403bhelp
Wed Jul 18, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 838

Re: Can you ACH PUSH to TreasuryDirect?

I’m not sure of the answer to your question. But why would you want to do this in the first place? I don’t think the C of I “account” earns anything. You can setup Treasury Direct to purchase from a saving account, and pay out to a savings account. At least I did so with purepoint savings, purchasi...
by need403bhelp
Wed Jul 18, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 838

Can you ACH PUSH to TreasuryDirect?

This may be a dumb question, but I noticed that TreasuryDirect allows employers to direct deposit into a certificate of indebtedness for marketable securities and savings bonds without, to my understanding, having to set anything up on the TreasuryDirect side (there are two options, and this is list...