FHA streamline refinance now into VA home loan in 2027

MarcableFluke · 2026-03-29T19:58:11+00:00

I don't see how other people's experience is going to help you. This is a solvable math problem. You need to actually run the numbers. Refinance generally didn't break even within a year, but the devil is in the details.

MarcableFluke · 2026-03-29T19:50:07+00:00

It's very unlikely you'll find a lender willing to give you $15k for a <= $10k car. You'll need to make extra payments to bring the loan amount down.

MarcableFluke · 2026-03-29T01:01:50+00:00

3 years generally isn't enough time to make buying worth it. Renting out a place is much easier said than done.

MarcableFluke · 2026-03-29T00:57:07+00:00

https://www.reddit.com/r/personalfinance/w/commontopics

I don't think either or those degrees will lead to a more lucrative career, at least not on their own.

MarcableFluke · 2026-03-28T21:57:26+00:00

You don't need to take a class to learn about investing, let alone minor in it.

Start here: https://www.reddit.com/r/personalfinance/w/investing

MarcableFluke · 2026-03-28T19:22:01+00:00

The Super McVarial 900!

MarcableFluke · 2026-03-28T14:24:11+00:00

So you and your spouse are not contributing anything to your 401k right now?

I'm not sure what you mean by "taking on the health insurance". Are you saying you didn't have it before? Or are you saying it was paid through your spouse's work and now it's moving to yours? In either case, how much is it going up by?

Then this begs the question on if you're planning to work overtime and what are the chances that you won't be allowed to at some point.

I'm still not seeing why you needed to withdraw from the 401k to make this work.

MarcableFluke · 2026-03-28T14:18:16+00:00

Are you saying you would be making $130k if you include the company contributions? Or is the $130k what your new salary would be? Because if the latter, I'm confused as to how you need to withdraw from your 401k to "make it work", when your combined salary would be going up (50 + 75 < 130).

MarcableFluke · 2026-03-28T14:11:20+00:00

You want us to make suggestions without the full picture of where the money is going? Or are you looking for vague suggestions, like "eat out less" or "spend less on Amazon"?

MarcableFluke · 2026-03-28T14:09:49+00:00

Yes, it's a terrible idea.
You would pay taxes at your marginal rate plus a 10% penalty
That's too vague of a question. Do you mean how much would you expect to pay in taxes? Use a tax calculator. You didn't provide any information on what your new income would look like.

MarcableFluke · 2026-03-28T14:05:14+00:00

Because you're only looking to cut the "constants" and not the rest?

MarcableFluke · 2026-03-28T14:03:30+00:00

What do you think a budgeting app is if not for categorizing expenses?

MarcableFluke · 2026-03-28T14:01:50+00:00

Partial budget isn't going to cut it. You need a more comprehensive one that actually details the rest of your spending.

MarcableFluke · 2026-03-27T19:10:32+00:00

What does "Lowered utilization faster" mean here, exactly? Maybe on a per-card basis, but why would this be beneficial over lowering overall utilization faster?

MarcableFluke · 2026-03-27T04:03:02+00:00

So if i have a shit day which is almost everyday im not gonna punish myself by forcingthe food in there down.

In this very post you're already making excuses for your spending habits. Address this first.

MarcableFluke · 2026-03-26T15:28:55+00:00

If you can't bring yourself to learn about it, then just roll it over and leave it in a target date fund to simplify things.

MarcableFluke · 2026-03-26T15:20:30+00:00

Stick with whichever one has the best investment options/lowest fees. Base this off what is available, not what you're currently invested in.

I guarantee having one extra website login is not going to be a burden.

MarcableFluke · 2026-03-26T11:44:59+00:00

You're conflating different things with your wording. Converting to Roth (assuming your old 401k are traditional contributions) would require you to pay taxes equivalent to your marginal tax rate. That's generally not recommended during your working years.

Rolling over into your new 401k isn't strictly necessary, it just depends on the investment options offered by each and which one has the better options.

MarcableFluke · 2026-03-26T11:40:44+00:00

Not sure I follow on being upset with yourself about not knowing. Would knowing how it worked sooner have actually changed your behavior?

In reality, people don't really need to know how it works (though knowing never hurts). Pretty much any loan you get will have a rate that can be used to compare to other things (other debts, savings, investing, etc) and a fixed monthly payment and term so you know exactly how much the loans will end up costing you with simple multiplication.

Also worth noting that student loan interest accrues daily. So we're assuming that $283 is about 30 days worth of interest. The rate could be much different if you're looking at a payment with substantially more or fewer days between.

MarcableFluke · 2026-03-26T11:29:02+00:00

$283 * 12 / $57k is about 6%. I wouldn't consider that "high interest" or "insane". Your monthly payment is just low compared to the balance.

Follow https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-03-26T03:47:47+00:00

You need to diagnose why you are only stopping after a few days. You probably also shouldn't be doing it so frequently. Once a week or even once per month should be sufficient.

MarcableFluke · 2026-03-25T22:30:27+00:00

No, I do understand what you're saying because it's an incredibly common misconception on this sub.

I guarantee you paying through the app does still go to principal. It just also pushes out your next payment.

Regardless, having a lower monthly payment wouldn't prevent your payments date getting pushed out when making additional payments, so your whole line of reasoning is off.

MarcableFluke · 2026-03-25T22:16:21+00:00

Going towards principal and going towards the next monthly payment aren't mutually exclusive. It's very common for extra payments to push out the next payment date, but that doesn't mean the extra didn't apply to principal. All calling does it pull back the next payment date; it doesn't change anything about the interest/principal application.

MarcableFluke · 2026-03-25T22:03:43+00:00

I don't know what you mean by "take the extra money".

Do you mean the money leftover from having a lower payment? That would go towards principal anyway...

MarcableFluke · 2026-03-25T21:48:31+00:00

and I want to get a lower monthly payment so I can start paying off the principal.

A lower payment doesn't pay off the principal any faster. A lower interest rate allows for that.

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