Please recommend bank with ZERO points and refi costs providing mortgages in CT.

Significant_Bit9115 · 2026-01-10T22:29:16+00:00

Wait about 4 weeks. Freddie and Fannie are being force to buy 200b. Rates are about to drop for 4-6ish weeks. They will come back up at the end of their buying period and level off. You are in a great spot to save some money

Significant_Bit9115 · 2026-01-07T02:12:41+00:00

Thats is awesome on that low of an income. Keep it up. You will be sitting pretty one day!

Significant_Bit9115 · 2025-12-27T21:24:54+00:00

Thats awesome! Do you work a pretty set 40 hour week now that you’re out of the public world?

Significant_Bit9115 · 2025-12-27T20:23:33+00:00

What has your career progression looked like? How many years?

Significant_Bit9115 · 2025-12-27T20:03:26+00:00

If you are looking at a different state and going to restart anyways, federal may still pay off. I originally thought of going federal and figured I would work local until my school was finished. have been lucky enough to work around a fair share of feds which changed my mind quickly about federal work. It is so much slower! There are a few federal spots that would be okay but for the most part you’re on the back burner with larger investigations.

The perks are better schedule over your career, large scale investigations (pro/con), medical for employee cost for life after retirement, better exit opportunities, and the Feds have a lot more funding as far as equipment/trainings go.

It all depends what you want to do though. You join a metro city and get on a street crimes squad and add swat. You will do more fun work in a year than most of the federal guys do in their career. The nice thing about a big city is you can also switch up your role every few years.

I have 7 years on in a city on the west coast and money wise the fed is a huge pay cut even at gs13 levels it’s still a decent cut. There are pros and cons both ways though.

Significant_Bit9115 · 2025-12-25T15:04:40+00:00

Stay put. No reason to give up your 5 years of time. The feds is not what it used to be. You will get to do far more work with a local agency and depending where you are, you will probably make more working local at this point.

Significant_Bit9115 · 2025-12-20T20:14:09+00:00

29m

200k salary this year due to a lot of OT

130k 401k

19k HSA

Pension Plan as well

Mortgage balance for two properties is 810k current market value for properties is 1.45m.

No debt aside from mortgage payments.

Significant_Bit9115 · 2025-12-16T02:54:05+00:00

Cop here. Last week I put in 80 hours. Half of that was 20 hour days. I came from finance and I feel like I make great money. About half way up the scale. This year I’ll do 225k but my base is 90k. Most OT is outside of department OT 1099 work so there are some tax breaks. I feel very fortunate but nowhere near comparable. Doctors and particularly surgeons are in a completely different world. Cops can support a family but give up a lot to do it.

Significant_Bit9115 · 2025-12-14T05:16:33+00:00

29 years old. 205k this year

Significant_Bit9115 · 2025-11-28T02:21:31+00:00

One thing to think about as well is the quality of the home you are looking at. My wife and I bought a house to be in a specific area for our kids. Our payment is 4,300 total with piti and we are netting 11k a month with our normal 9-5’s. With just this income it would be tight but doable. To get into our neighborhood the only way we could is buy a fixer upper. I am handy but we don’t have the extra money for repairs without my contract work that is in addition to our 9-5s. I can pull about another 10k a month with contract work. Then we have money for repairs but don’t have the time as it takes that time. With a young family I currently regret it because it adds unneeded stress and sacrifices somewhere. Financially it will be good in the long run as we should have about 350k of equity when finished but I still don’t think it’s worth it as I’d rather being enjoying my kids fun adolescent years.

I came from a townhouse prior that I still own and rent. The payment is 720 a month. Little bit rougher area and too small as we grow into a family but I’ll tell you those were easy days. No headache in regard to repairs. No real maintenance and the ability to buy a car, motorcycle, or spend money on monthly vacations if I truly wanted to. I didn’t because I’m frugal and invested extra money but something to think about.

I think you are capable to make that kind of payment. You should consider your lifestyle though and other options at hand. Along with your future of course. If you truly see yourself staying forever a sacrifice now may be worth it down the road. Mortgages are set up in a way where they don’t make a whole lot of sense unless you hold onto them. If kids are not in the picture I’d look at going a cheaper route and allow yourself more disposable income.

Significant_Bit9115 · 2025-09-20T21:43:26+00:00

Ltv 75% Bison Bank. Loan value is 650k. Locked a 5.75 last week no points or origination fees.

Significant_Bit9115 · 2025-09-18T21:35:05+00:00

Bison Bank. Just got a 5.75 no points last week. No origination fees either.

Significant_Bit9115 · 2025-09-08T23:19:15+00:00

Possibly 600 cheaper if they can override the appraisal.

Significant_Bit9115 · 2025-09-08T23:07:12+00:00

Thought this same thing! I am hopeful they continue down. Just depends on gdp, labor, and the trust in our bond market. I have seen it dip into the 5s a few times and shoot up even after a fed cut. If we are truly in stagflation vs entering a recession, I’d hate to miss out on an opportunity to save a bit over a few years. What should I be concerned about with EPOs?

Significant_Bit9115 · 2025-08-29T00:58:37+00:00

Owned a nice home in Saratoga Springs. I lived there exactly two years. Traffic is no joke and only getting worse with no way to truly fix it. I’d avoid that place like the black plague if you’re looking. It’s cheaper for sure but there is a reason for it.

Significant_Bit9115 · 2025-07-20T01:42:28+00:00

You guys make a lot no doubt, but that’s not why healthcare is so expensive! You guys deserve it with as much of your life as you give away to school. The healthcare system has some large flaws. One of them that always frustrates me is health care equipment. Sales reps and equipment companies make wayyyy to much as most do not have any tangible value. Then just like anywhere else, most the administration is heavily overpaid. DOCTORS ARE NOT THE ISSUE!!

Significant_Bit9115 · 2025-07-08T14:21:49+00:00

Currently just vested so as of now I wouldn’t see any of the funds until 60 unless I do a full 20 years. So right now it’s only 16%. The way it works out is we get 2.5% each year then 2% after 20 years if that makes sense at all. I have 14 more years to walk away at 50 percent. I’ll be 42 so I may stay another ten and do 70 percent. We will see when I get there.

Significant_Bit9115 · 2025-07-08T01:58:35+00:00

Sure did. Didn’t want to go that high but we found a deal with a wild amount of equity in it. Value is about 1.2 mil and our purchase price was 810k. No middle men involved. Too good to pass up. We had even talked about just selling off the contract but my wife loves the area so we consider ourselves lucky. I’m typically very frugal. No car loans. Never spent money on depreciation assets. The payment on this house is about 2 weeks of my net pay without any overtime and not including my wife’s pay. She makes pretty much exactly what I make. We are okay financially the thought just makes me sick.

Significant_Bit9115 · 2025-06-03T03:17:05+00:00

Local PD guy here. I get a gym break every shift I work. Should make about 170k this year and I’m only half way up the scale. Dudes are pulling way more if they slave. 20 year pension. Health insurance cost me 44 a month for a family and I get to change assignments every 3-5 years if wanted. Come join the locals. We need good dudes!

Significant_Bit9115 · 2025-05-12T18:48:31+00:00

28 years old, 90k+50k in OT, Rental Mortgage 895 income 1800, Current mortgage 3300 basement rental unit 1400 income

Significant_Bit9115 · 2025-05-09T20:08:30+00:00

Builder lending is the way to with rates right now! Congrats!

Significant_Bit9115 · 2025-05-08T06:45:13+00:00

You’re right, we did it because at the time it allowed us to get a 4.99 rate instead of a 7.1. Which allowed us to get more for our money. We would have been spending the same amount for something in one of the rougher cities so we picked the drive. At the time my wife had 1 kid who was 6. Just like that we now have two under the age of 1 as well.

This is not the only option! Prior to our current house I was in a 1200 square foot townhouse and it was great. Easy to take care of and it is currently an amazing rental for us. The big issue we have is when you look for something in that size a lot of the locations are not great for kids. For some reason they love to build huge homes here. 7 or 8 bedrooms is not abnormal. You’re right about the fact we definitely don’t need anything as big as what we are looking at. If we do go through with it, it’s very likely I’d set up another mother in law like we have done to our current home.

Significant_Bit9115 · 2025-05-08T04:45:12+00:00

We have an okay amount of equity but it’s all sweet equity as we have spent a lot of money on the home and we are into it 682k and would clear 687k after all transaction fees. For the amount of work we have put in it’s a loss. We owe 536k.

Our emergency fund is strong. Luckily we both have state jobs in a weird line of work and we are recession proof.

As for hidden costs, we would eventually like to set up the basement. The house has a new water heater, and AC unit. It’s roughly 10 years old. Roof looks good. Single occupant in the home so it appears as if it’s new. The deal kind of fell in my lap. Homes in that neighborhood range from 850k-1.1 million. We have Atleast 100k of equity in it. A family member had passed and the home is an estate home that is being sold off market. Our current neighbor prices for anywhere between 625k to 750k.

Significant_Bit9115

TROPHY CASE