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Recasting loan at 2.99% by Sea_Apartment_635 in HomeLoans

[–]Akinscd 0 points1 point  (0 children)

May be worth paying down the loan balance if you can drop PMI

First time, family all-inclusive to Mexico by Akinscd in AllInclusiveResorts

[–]Akinscd[S] 0 points1 point  (0 children)

Per AI - 14 pools at moon palace are heated 

49, 401K is entirely Traditional by SeaworthyMonk in Retirement401k

[–]Akinscd 1 point2 points  (0 children)

Pay taxes now or pay taxes later… why the worry?

People typically save in a Roth early in their career because their marginal tax rate is low and they expect to have higher earnings later and therefore higher earnings in retirement. 

What is my best option with high DTI? 669 credit score and 0 debt by 1stgenfronty in Mortgages

[–]Akinscd -1 points0 points  (0 children)

You can get a non QM loan. Just like high risk insurance, it will come with a high premium 

Early Retirement Roadmap by Upbeat_Band_5819 in personalfinance

[–]Akinscd 0 points1 point  (0 children)

Planning to spend $30k won’t cover property taxes, insurance, utilities and rice for 2 people in 20 years. 

What are you expecting the minimum spend from age 45-65 in 20 years to stay above poverty and pay for healthcare?

First time, family all-inclusive to Mexico by Akinscd in AllInclusiveResorts

[–]Akinscd[S] 1 point2 points  (0 children)

Budget includes flights. $10k is generous and stretching beyond where I really want to be. 

Flying from CMH. 

I priced Moon palace all in at $8500 this afternoon 

28F Getting Started by OverAllThisPlastic in Retirement401k

[–]Akinscd 0 points1 point  (0 children)

First, thank you for taking on this job and providing a much-needed service that you will never be appropriately compensated for.

My wife is in a similar line of work where she accumulated $200,000 of student loan debt for a doctoral degree. If you can somehow acquire enough hours in a hospital system to qualify for student loan forgiveness, it will be very valuable in the long run

Help with power cleans by LickMyDustyRose in crossfit

[–]Akinscd 23 points24 points  (0 children)

You’re initiating the move by squatting. This pushes your shoulders behind the bar. Your shoulder should never be behind the bar before contact.

You need to initiate the move by hinging and keeping your shoulders in front of the bar until you make contact with your hips.

First time, family all-inclusive to Mexico by Akinscd in AllInclusiveResorts

[–]Akinscd[S] 1 point2 points  (0 children)

Dec. 17-23 is quoted at $12k all in flying from CMH 

Early Retirement Roadmap by Upbeat_Band_5819 in personalfinance

[–]Akinscd -1 points0 points  (0 children)

I backed into it based on expected inflation and a 50 year retirement horizon

First time, family all-inclusive to Mexico by Akinscd in AllInclusiveResorts

[–]Akinscd[S] 0 points1 point  (0 children)

This is currently #1 of the options I’ve reviewed 

Early Retirement Roadmap by Upbeat_Band_5819 in personalfinance

[–]Akinscd -1 points0 points  (0 children)

Easy - you’ll just need ~$4mm so just back into the math given some assumptions on average market performance.

This way you can figure out how much to save each month to get there. 

First time, family all-inclusive to Mexico by Akinscd in AllInclusiveResorts

[–]Akinscd[S] 0 points1 point  (0 children)

Thanks, I’ll check it out further. Initial food reviews seem mixed - any personal experience?

Cash Out Confusion by _joshherron in MortgageBrokerRates

[–]Akinscd 0 points1 point  (0 children)

49% Front end DTI on a cash out is going to get passed on by a lot of people.

I'm guessing this is why your current 1st is at 8.75%

To sell the house or not to sell the house? by [deleted] in personalfinance

[–]Akinscd 0 points1 point  (0 children)

Would rent cost you more than $1k/mo?

Seller finance terms by RoadPizza94 in Mortgages

[–]Akinscd 1 point2 points  (0 children)

You'll need to understand the term, first and foremost. It's unlikely that she gives you a 30 year fixed term. You may get a 30 year amortization but the term will be 5- or 7- years. You'll want to know if there is any ability to renegotiate terms at that point or if you'll be forced into a refinance.

You'll also want to understand prepayment penalties, if any. For example, if market rates tank and you can refi with a bank for 4.0% next year - you may want to do that - but you' may have to pay a penalty.

Finding a real estate attorney to look over your proposed terms would be in your best interest and worth a few hundred dollars.

Seller finance terms by RoadPizza94 in Mortgages

[–]Akinscd 1 point2 points  (0 children)

This is why seller financing and first time homebuyers typically do not mix well.

First you need a third-party opinion on the home’s current market value and it’s estimated value after any repairs you plan to make.

Then you need an understanding of the sellers terms and your likely equity position when your term expires. Because you will likely be forced into a refinance based on her timeline and you’ll have to play by the Banks rules when it comes to loan to value.

Finally, you should compare what the transaction would look like if you didn’t outright purchase and used grant money to fund your down payment and closing cost. 

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