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horncyclist

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Everything posted by horncyclist

  1. horncyclist
    Anyone have a good summary on points and why they might make sense? We had our appraisal come in oddly low ($50k less than we did a HELOC two years ago even though home values are up 10-15%) so we're starting over on our refi. Broker said he could a 3.75 zero point cash out refinance. That sounds good but made me curious about points.
  2. horncyclist
    What's insane is this was only 3 weeks ago. A week ago we'd be open for business by Easter.
  3. horncyclist
    Guess we'll find out if hotter weather does anything...if not, Florida will be New York in a week or two.
  4. horncyclist
    Things are moving along with my 3.625 cash out refi. Broker I had reached out to before locking and then took a week to get back to me thinks rates will go lower. I'm in underwriting and already did an appraisal. I shouldn't even bother right? There's no telling what's going to happen, no? I also had an assurance from the lender that if rates are lower after I'm approved they could float down.
  5. horncyclist
    That's probably still early but much more realistic than this April shit we're bandying about.
  6. horncyclist
    Its seems like the big question is going to shift from (1) can we contain this to (2) to what extent can we keep it contained while restarting socializing sufficient to have a functioning economy. It seems like (2) is what places like China, South Korea and Singapore are struggling with now. Maybe Italy soon based on the posts above. It seems like the United States is still struggling with (1) due to our half and inconsistent measures. I have trouble seeing how we can loosen things up to allow economic activity to ramp back up while keeping the curve sufficiently flat to not overload the hospitals. Seems like we're going to be at least our current level of shut down until herd immunity or a vaccine, no?
  7. horncyclist
    "Deep State Department"
  8. horncyclist
    I've been expecting months. We're not going to fix hospital capacity issues in 4-5 weeks. As soon as you go back to normal, there will be another overwhelming spike.
  9. horncyclist
    With smart messaging, voters can take what they want out of the ticket. As a progressive, I'd feel a lot better with Warren on the ticket. She would be a hell of an attack dog.On that note, Biden owes her for taking out Bloomberg.
  10. horncyclist
    You know, best move for Bernie would be to drop out and go all out behind getting Liz on the ticket. Best chance for the progressive movement in my opinion. And could unite the party.
  11. horncyclist
    Every company with increased revenues nee This means: 1) most people aren't hurting directly yet 2) most aren't paying attention. When we have 20% unemployment and hundrrdds of thousands dying, he'll get the blame he deserves. Otherwise, the virus should just take us all. We're far too dumb.
  12. horncyclist
    He should name a running mate capable of taking over the ticket soon as Bernie drops out. I want Warren.
  13. horncyclist
    Maybe just ask the Coronavirus what its plans are? Duh.
  14. horncyclist
    If there is to be any silver lining in this it will be that it forces a national moral reckoning and the political backlash puts Democrats in a position to get some of that big structural change to address all the greed and fucked up incentives that made us so vulnerable to this.
  15. horncyclist
    I wouldn't be surprised if this brings the Iranian regime down.
  16. horncyclist
    I locked the same rate yesterday morning, though bigger loan but still conforming. I got a promise to float down if rates are lower after approval. Things are so volatile and, the prevailing view seems to be to lock quickly. I defer to our resident mortgage experts though.
  17. horncyclist
    Got a 3.625 locked on my 30-year fixed refi with cash out. Quite happy. And lender said we could float down if lower after approval...not sure if this is standard.
  18. horncyclist
    These numbers are all very different and indeed bathshit crazy. The lender who quoted me 3.875 also said we could "float down" if rates dropped after I'm approved. That's a bit reassuring because I could see rates settling back down once the dust settles. I could also see everything collapse.
  19. horncyclist
    I guess my dilemma is trying to find that broker when I want to get the refi done pretty fast. There are a couple local ones that come up on Google, good reviews and local offices. Guess I'll try one of those to get a non-institutional quote.
  20. horncyclist
    Yes, 30-year fixed. So 3.875 is not too bad then? This is a little embarassing but I just realized the difference between a mortgage lender and a broker. I've been talking to 3 lenders--one from the institution who owns my current mortgage, one who did the mortgage when we bought the house 3 years ago, and a third who does deal for a family member who does a lot of residential real estate. Should I talk to a broker?
  21. horncyclist
    Does cashing out if the LTV is still 75% or less matter? I got quoted 3.875 today, which still seems high with the rates your throwing around. My wife's middle score is 725. Conforming loan. 3.5 would be great. I'm close to just doing the 3.875...saves a half a percentage point and I can get the cash out I need before the whole economy goes in the shitter.
  22. horncyclist
    What's "good credit"?
  23. horncyclist
    If every act of incompetence and failure of leadership were not killing people, this would be funny. Can we somehow just hurry up and make Biden President?
  24. horncyclist
    Just checking in to the CR thread to say Trump is a horrible fucking leader. Like all time worst.
  25. horncyclist
    As far as I can tell there's zero guidance about public interaction for a non-high risk person who has not know to have been exposed. People going out are dumb but it's not like anyone with authority is telling them not too. The incompetency is going to likely kill 100s of thousands more.

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