Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
sleevedraw
Revolver Ocelot
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Even if you're healthy after the age of 65, you can already use HSA money to pay for your Medicare Part B, C, and D premiums tax-free. Just not Medigap policies.
They're great; I honestly believe that for most people, they should be prioritized immediately after 401k match money and before IRAs.
They're great; I honestly believe that for most people, they should be prioritized immediately after 401k match money and before IRAs.
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I agree except for one thing. A lot of companies put seed money into them and a lot of it is tied to things like going to get a check up or teeth cleaning or what not. In that case you got to make sure you get all the company contributions first before you max the HSA, because they both count towards the same ultimate maximum. In that way it does not operate like a 401k (where the company can put money into it for you above your own 19.5k contribution).
Sanrith Descartes
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fris
Vyemm Raider
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How negotiable is an interest rate?
Im looking to refinance my home. When I got a divorce in 2018, went through a guy were used previously because he could do it fast. I should have shopped around cause I got 4.875%
I've been in the home 10 years and the outstanding balance is about 50% of the home appraisal.
Im seeing mid 3s, and debating a 20 year or 15 depending on the rate.
Given my credit rate (768 per credit karma), can I hope to negotiate down a rate (not buy down) than what banks address advertising?
Im looking to refinance my home. When I got a divorce in 2018, went through a guy were used previously because he could do it fast. I should have shopped around cause I got 4.875%
I've been in the home 10 years and the outstanding balance is about 50% of the home appraisal.
Im seeing mid 3s, and debating a 20 year or 15 depending on the rate.
Given my credit rate (768 per credit karma), can I hope to negotiate down a rate (not buy down) than what banks address advertising?
Sanrith Descartes
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fris
Vyemm Raider
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I intend to shop around. But say I ask WF, and they quote me these numbers: Mortgage Calculator with Rates and Payments | Wells Fargo
Can I hope for an even lower rate or should I just look up rates for each institution?
Can I hope for an even lower rate or should I just look up rates for each institution?
Asshat wormie
2023 Asshat Award Winner
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Khane
Got something right about marriage
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I don't think there is much wiggle room on the rates for most banks. Shop around anyway but like wormie said I've never really heard of rate negotiation being possible. Unless maybe you're spending millions of dollars and it's a very out of the ordinary transaction.
In general, the shorter the term the better your rate will be though.
In general, the shorter the term the better your rate will be though.
Blazin
Creative Title
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The people you are dealing with are just going to sell your loan the moment its settled. They don't even set the rate. They may have a tiny fraction of wiggle room as part of how they make their living. They do have the ability to increase your rate (make more for themselves) if they think they can get away with it, if that's what is happening shopping around fixes the problem. This is rare though most brokers just want to book as many loans as possible and make their money from the volume. People with bad credit are the ones who have to be more careful as rates become more ambiguous and it becomes more possible they are taking advantage.
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Cad
scientia potentia est
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sleevedraw
Revolver Ocelot
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Most banks won't negotiate rate, but most banks will negotiate closing costs, especially if you go to a big bank with a couple offers from competing online vendors or credit unions in hand and/or you are a high-balance customer with the bank.
BofA tends to have pretty high closing fees, but they will lower them aggressively if you have another offer in hand.
Cad
scientia potentia est
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Obviously *I* know what that means. Who gives a shit if the underlying loan is sold? Honestly who cares if the servicing is sold either? Oh wow some other name appears on my ACH debit. Who gives a shit.
My point is I seriously doubt he has any idea whether his loan was sold and you can't easily access MERS to even know, often the banks don't even know who owns a particular loan. (Source: have sued many banks.) . On top of that, it makes literally no difference whether your loan is sold or not.
alavaz
Trakanon Raider
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I don't know what MERS is.... If you are trying to illustrate some naivety on my part about what "selling" loans means, then you got me! What I mean though is that, unlike friends who receive a letter informing them about their new lender and servicer (often different), I never received such letters and only ever payed the Credit Union.
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alavaz
Trakanon Raider
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Cad
scientia potentia est
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Not really man, and honestly no insult intended. I was probably a little snippy in my criticism. I was just wondering why you threw that in that the loan was sold or not sold. If you acknowledge it's an irrelevant detail, it's like saying yea and the guy at my credit union has pleated pants. Okay?
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alavaz
Trakanon Raider
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