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09-19-2016, 07:37 PM | #421 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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No, but I feel confident that a Trump election would make volatility spike and stay spiked for a while.
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Posts: 44,145
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09-19-2016, 07:41 PM | #422 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I'd like a stock sale. But I think volatility will be high regardless of who wins this election given both candidates. |
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Posts: 46,131
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09-21-2016, 05:49 PM | #423 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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non shocker? rates didn't move.
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Posts: 6,426
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09-21-2016, 06:15 PM | #424 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I think the market is way overdue for a correction and these lower than low rates are like a loaded spring.
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Posts: 52,612
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09-21-2016, 06:26 PM | #425 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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The paperwork for a simple mortgage refinance has been insane. Should be closing fairly soon though. The loan company waived our appraisal, as they determined we already have enough equity in the house to refinance without someone having to look at the property and determine it's value. So that's a bonus.
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Posts: 46,131
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09-21-2016, 07:41 PM | #426 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
Rates have been so low for so long not sure how you reduce payments anymore or were you looking to take out equity to do something else with the money? |
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Posts: 52,612
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09-21-2016, 07:53 PM | #427 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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When we bought the house 3 years ago, we only got approved for a 4.625% rate, I think because of my wife's lowish credit score of 720. I also didn't do any shopping around, so that probably didn't help. I checked into refinancing last month with rates being at record lows and they ran a credit report and with our credit now, 790 and 805, they said they could knock a full 1% off our interest rate. We plan to stay in this house long term, so it's just a play to pay less interest over the life of the loan. Our mortgage payment is very comfortable for us, so we will continue paying what we pay now, maybe even a little more, to pay off the house sooner and with the refinance, save on interest over the life of the loan.
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Posts: 46,131
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09-21-2016, 07:54 PM | #428 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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When I did mine a few years ago I picked up a shorter term and was able to reduce the rate significantly enough.
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Posts: 57,981
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09-21-2016, 11:57 PM | #429 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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I have two new books. How to Crush it...and Built to Last.
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Posts: 54,630
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09-22-2016, 07:25 AM | #430 |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
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Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.
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Posts: 8,540
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09-22-2016, 07:26 AM | #431 |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
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^I have a cash reserve at my house that is instantly available, so if it took a couple days to access my funds, it wouldn't be the end of the world.
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Posts: 8,540
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09-22-2016, 08:19 AM | #432 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,489
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09-22-2016, 09:06 AM | #433 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
I don't know anything abuot Discover Savings. I've been with Capital One for many years now (probably 15 or so) for most of my "loose" cash, and it's been pretty great overall. Much better interest rates on a regular account than you can even get on CDs at most other banks. |
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Posts: 43,125
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09-22-2016, 09:12 AM | #434 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
2. Combine it with the other cash you have socked away 3. Put it all under your mattress 4. PM me your address and wait for me to stop by and explain the best way to invest it. |
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Posts: 52,612
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09-22-2016, 09:48 AM | #435 | ||
Beloved & Awesome CP Celebrity
Join Date: Aug 2000
Location: Florida
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Quote:
Quote:
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Posts: 35,705
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