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8ball

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  1. Some neat cars on that site. I'm curious if the collector car market will make it through another generation? Those of us that grew up in the 60's have fondness for the older cars, and knew how to wrench on them, while my kids and their friends don't have a clue.
  2. Yes they will do another pull right before closing. This is why we stress with our Buyer's not to charge anything, change DTI, or apply for any new credit, change FICO Mortgage score, until after closing. The lender also checks to see if your still employed. Things have really tightened up from the early 2000's.
  3. Another reason people use CD Laddering is to avoid selling equities. A person might have the first 5 or 10 years of retirement savings in CD's, a sure cash flow, while the equities, hopefully, grow. It's never fun or easy selling into a down market so the CD's give you some piece of mind.
  4. 8ball

    ALL CASH

    The order of preference we usually work with- Cash, Conventional, VA, FHA and owners financing (Contract for Deed).
  5. I don't think US Banks would hesitate for a second-Banks are keen to avoid pulling the funds out of accounts directly for fear it would put some customers in their overdrafts.
  6. I'll chalk it off to laziness on my part. I was withholding 33% and I reduced it to 30% this year. When I finish my taxes maybe 25-27% is closer to what I need.
  7. I'm one of those that usually get a large refund. I have multiple sources of income- pension, wife's SS and a 6 figure side gig, and I never know exactly how much I'll earn in a year. I file quarterly taxes for the side gig and set aside 30% for state and federal (25%/75%). I could try to calculate it more closely but why? I would rather get $10,000 back then owe $10,000 at the end of the year.
  8. I personally believe he's absolutely correct in his prognostications. He, like everyone else who tries to pinpoint a date, is just guessing on the timing. The old saying comes to mind- The Market Can Remain Irrational Longer Than You Can Remain Solvent
  9. I see these posts a lot on the Bogleheads Forum. They post they have $10 million in the bank and yearly expenses of $50,000 and they wonder if they can retire?🙄
  10. It seems like we're all going to get this second wave, vaxed or not. I hope you feel better!
  11. You should sit down with a Mortgage Broker and discuss your situation. Your credit scores qualify for an FHA loan and some conventional products. It's all going to come down to your debt-to-income ratio. (If you're a software engineer for Google at $500,000 per year plus RSU's you're in great shape).
  12. It wouldn't surprise me if they don't shut that 1 store down.
  13. You might be able to "Keep" up with the Kardashians in that.
  14. There should be a special place in Hell for these scammers.
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