Originally Posted by Hog's Gone Fishin:
My LOC I use on my Rental properties is at 8.75% also. It has to renew every year so I get the bullet. They were going to put it at 10.5% this last renewal and I called the President of the bank and said LOOK. I've been with you since 1998, never been late on a payment, had over 30 mortgages , would you at least drop it to my current rate on my rentals at 8.75%, and he said he'd talk to loan committee. They called back an hour later and said that would work. WooHoo , excited about an 8.75% loan victory. LOL
And what's funny is that the loan officer that's been there 20 said she had no idea they were even negotiable. Dumb bitch!
LOCs you're going to have to eat the shit, but a primary? Helllllllll no. [Reply]
Originally Posted by Hog's Gone Fishin:
Taking an ARM at the time gave me the best interest rate 10 years ago. I'm almost out from under my mortgages completely so timing worked out OK. I got 15 year Mortgages with 5 year ARM's and have paid ahead on everything. 12 more months and I'm debt free. I'm selling a couple properties and will dump about 150K into high yield dividend funds and pull 50% of those divi's to finish paying off my existing debt.
Will you still sell boulders? The world needs boulders. [Reply]
Hog's Gone Fishin 08-02-2024, 05:41 PM
This message has been deleted by Hog's Gone Fishin.
Reason: I will only live through quotes from here on, goodbye
Originally Posted by Rain Man:
Holy cow. Are you banking with the mob or something?
I had no idea rates were that high.
Rentals are commercial loans. No Fannie/freddie shit.
Originally Posted by Hog's Gone Fishin:
Taking an ARM at the time gave me the best interest rate 10 years ago. I'm almost out from under my mortgages completely so timing worked out OK. I got 15 year Mortgages with 5 year ARM's and have paid ahead on everything. 12 more months and I'm debt free. I'm selling a couple properties and will dump about 150K into high yield dividend funds and pull 50% of those divi's to finish paying off my existing debt.
I get it on commercial loans. I had to fight like hell to get a fixed 20 on my land purchase in 2019. [Reply]
Will be interesting to see the results but it will scare shit out of people who dont really understand the markets. Just wear a seatbelt for sure [Reply]
I looked at 7:30 this morning and was like :-) Not that we hadn't been due for a pullback or correction but we're going down like it's Covid again. I think the VIX was at 50 premarket
We've gotta be down 9-10% on the S&P nearly in a flash? I tried panic buying so I'd have more to panic sell later but Schwab has been offline all morning. :-) [Reply]
Originally Posted by ChiliConCarnage:
I looked at 7:30 this morning and was like :-) Not that we hadn't been due for a pullback or correction but we're going down like it's Covid again. I think the VIX was at 50 premarket
We've gotta be down 9-10% on the S&P nearly in a flash? I tried panic buying so I'd have more to panic sell later but Schwab has been offline all morning. :-)
Really? I was going to try and get some in there and get some bought.
I still can’t get into my Schwab account either. I checked Reddit and sounds like other major retail players like Vanguard and Fidelity are the same. [Reply]
Originally Posted by Miles:
I still can’t get into my Schwab account either. I checked Reddit and sounds like other major retail players like Vanguard and Fidelity are the same.
I haven’t had any issues with Fidelity this morning. [Reply]
