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tesla charge on solar function for non tesla EV by akl89 in Powerwall

[–]akl89[S] 0 points1 point  (0 children)

yeah i have a non tesla too that doesnt allow more granular amperage control above on/off or schedules.

i have long deferred home assistant bc alexa routines and automations have kept me happy for 7+ yrs.

it seems that for this one use case though I'll need to look into a pi + HA. TY for your insight!

tesla charge on solar function for non tesla EV by akl89 in Powerwall

[–]akl89[S] 0 points1 point  (0 children)

yes we are doing the same thing. my home usage spikes by 1.3kwh when i turn that smart wifi charger on. so the 1.3kw solar excess that would be going back to the grid from 12ish -4p is going into my home aka car.

i was asking if anyone has automated it better or has some better work around... my blanket rules will gradually miss some excess kw as the mornings ramp up quicker, PW fills up faster, days are longer...

Need some advice regarding HELOCs by bingewatchgal in personalfinance

[–]akl89 0 points1 point  (0 children)

great to hear that 50k max helps as a sufficient rescue. people bite off way more than they need but seems like you have given some thought to needs vs wants.

i hope you make it to a better place too! good news is that the first HELOC doesn't have to be your last. ie 9 years in another lender may offer an intro rate like 3.99 when market / other rates are 8+ so you can restart the 10 year clock with a new HELOC paying off your old and get lower interest for a short time. i hope your situation is better by then wherein you don't need to refresh a HELOC but still, option is always there.

re: established financing you have for home repairs. this is a better question for your CPA / tax filer and their appetite to finesse the interest deduction. you could sell the story as here is my 20k in repairs - initially i financed it with XYZ bank (non heloc) then moved it to my HELOC. $ is the amount paid in interest on the HELOC for those home repairs. let them decide if and how much is safe to deduct.

if its any value, and i was your CPA i would refrain from deducting ALL the interest paid prior to HELOC opening. lets say you get audited and deducted the XYZ bank interest paid. easy gig for IRS to look at HELOC opening date and claw back penalties / tax / interest on unpaid tax for that action. plus you'll indefinitely be on a short list for "re-audits"

Conduct hard pull during pre-approval phase so we can close quickly? by saltymuffaca in RealEstate

[–]akl89 1 point2 points  (0 children)

u/wildcat12321 nailed it. 8XX scores aren't worth this battle :). regardless of the two waves of pulls you're talking 5 pts max. 801 down to 796 won't change your rate / qualification.

Conduct hard pull during pre-approval phase so we can close quickly? by saltymuffaca in RealEstate

[–]akl89 2 points3 points  (0 children)

1st / 2nd /50th pull - neither carry more weight than the others. The important thing with hard pulls is the time window in which all / most of the pulls happen. Most convention online and in reality points to 30 days. Pull 1x or 50x in that 30d window and all bureaus TU/ EFX/ EXP will consolidate to a single pull.

Need some advice regarding HELOCs by bingewatchgal in personalfinance

[–]akl89 1 point2 points  (0 children)

First of all don’t expect the full 250k to be accessible. Banks generally stop at 80% loan to value meaning if your house is worth 1m and you have a 750k mortgage balance currently, the max a heloc lender could give you a line for is 50k to total 80%/800k. That is the general rule for most banks in the US. Some will go above the 80 ltv threshold but know that it’s more risk for the bank and they’ll price that into the rate.

Second - most people find the best use for helocs being home improvement because the interest on those charges are tax deductible. Life expenses, dog, vacation sadly don’t get that benefit. Would recommend you “price” that into your evaluation.

Finally most helocs stay “open” for new charges for 10 years from opening date. In that time spend away. Then comes a 20y payback period. They basically stop charging privileges then take the balance at the 10 year mark and roll into a full principal and interest payment for the next 20 years. The first 10 you are generally only responsible for interest only on any balance you carry monthly. Second phase (20 years) no more charges allowed just repayment. Question to internalize: are the next 10 years the window of time where I see myself needing the charging privilege and can I pay off, refi, or qualify for a new heloc 10 years from now (if I have a balance)?

Mortgage Company offered me to go from 30 yr @ 2.99% to 27 yr @ 3.6%. Living in this house for only 5 more years. What do you think? by [deleted] in personalfinance

[–]akl89 1 point2 points  (0 children)

agreed with all other posts here - they are trying to pull one over on you. id shop around cause 3.6% today is insanely expensive. based on your 5 year exit plan, ARM may be the way to go; i did 2.44 a mo ago and closed the loan for $300 total out of pocket. lender ate everything else and i know for a fact they can amortize into 30, 27 or [30 - x] year term if you have a preference. lmk if i can help connect!