Favorite team:Ole Miss 
Location:Houston
Biography:HYDRebs@gmail.com
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Number of Posts:1070
Registered on:9/18/2014
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re: Apple adjusts 2nd quarter revenue guidance - HYDRebs
Initial sales looked great for the new iPhone I thought in the last q of 2019. I think it is a mixture of the virus plus maybe some customers are maybe waiting on the release of the cheaper version iPhone 9 rumored in the spring. I haven’t looked into their lowered guidance they released today b...
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re: So i've been without a car for 3 weeks and just using an uber to work from the suburbs - HYDRebs
OP please tell me you have Uber rewards set up on your account. If not that is an easy way to drive down the cost even more. Plus when you get to Platinum level you can price protect a certain route. Which of course you would want to use for your commute to work. ...
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re: Buying land to build on in the future. - HYDRebs
Yes as most of the bigger banks don’t offer this product. You can probably find up to 15 year loan if your looking for longer terms. Again you’re going to be all over the map with what type of programs each bank offers. Some are interest only some adjustable and some fixed. Don’t be shocked with rat...
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re: Specific Re-Finance Questions - HYDRebs
Your breakeven for 30 year refi would not be until ~26 months in. A lot to go through for that in my opinion. We normally try and shoot for ~18months in why the 1% rule of thumb typically appears. Doesn't seem worth it at all to me but everyone's own situation is unique. Breakeven for the 20yr....
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re: Buying land to build on in the future. - HYDRebs
You are probably going to end up with a shorter term and a slightly higher rate than you realize when going into this. This is more of a traditional "bank loan" than what a residential mortgage is. Look around as each banks program for this will probably be different and many banks do not even provi...
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re: TicTok permanently bans Pro Life group Live Action from their platform - HYDRebs
[quote]TicTok permanently bans Pro Life group Live Action from their platform[/quote] TicTok is owned by a Chinese company... not really sure censoring is even worthy of breaking news type of post as it is expected :lol:...
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re: Poor, middle-aged and want to start saving for retirement - HYDRebs
Not a financial advisor but my list is typically, -3 months savings -Match up to Company max in 401k if they have that benefit.(If you were not self employed) -HSA -max contribute Roth IRA -Max contribute 401k// your case individual IRA -up to 6 months savings - Brokerage account(Stocks, Mu...
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re: Wanting to refinance my mortgage - HYDRebs
Followed up this morning and again a moment ago. You can edit out the email if you want. ...
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re: Wanting to refinance my mortgage - HYDRebs
Might have been me. I’ll email what address I had from then in the morning with new market rates. Regardless Rates are almost identical to where they were in September/ October so you shouldn’t have lost any ground by waiting. ...
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re: First time home buyer mortgage options - HYDRebs
Yes you should be able to qualify with that debt to income. And you definitely will with that credit score. The down payment you want to make will probably depend on the loan type you go with. Minimum down go with FHA as your credit score will not affect your rate and mortgage insurance. If you put ...
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re: 30 year fixed to 15 year home mortgage refinancing - HYDRebs
Don’t listen to advise like the guy above. Refing to today’s 30 yr rates would not make sense in your scenario. If you do end up not going forward with the 15yr. Refi call your current mortgage company and tell them you have enough equity and want to get rid of pmi. They will tell you the steps ...
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re: 30 year fixed to 15 year home mortgage refinancing - HYDRebs
Your break even @ $5000 cost is roughtly 18 months. You should be able to find someone to do the refi for closer to $3,600 at that rate. This would bring your breakeven closer to 13-14 months. ...
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re: 30 year fixed to 15 year home mortgage refinancing - HYDRebs
Rule of thumb is to lower at least 1%. Eliminating the PMI with it makes it seem like a no brainer as long as you can afford the 15 yr. payment. ...
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re: Question about PMI - HYDRebs
[quote]The assessed value (tax) is irrelevant. All that maters is the appraisal in regards to your LTV being at 80/20 to avoid paying PMI. Once the house is completed or very near completed your lender will order an appraisal to determine its value. What you paid for the lot and/or to have the h...
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re: Question about PMI - HYDRebs
Find a bank that will do a construction loan on the appraised value. The appraiser will take your proposed budget, plans, & specs and appraise your lot as if the house was built. They will base your loan to value on the appraised amount, not on the construction cost + lot cost. Also to someone els...
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re: Using Roth IRA Contributions for Down Payment on First Home - HYDRebs
Curious why you would say the Roth is a greater investment vehicle than an HSA?...
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re: Taeemwar LEADS the Top 5 2020 Stock Pick'em Contest - HYDRebs
Didn’t have time to research any this year. I’ll just watch along this year and play again next. Don’t think I can top my 8th place from 2019 anyways lol. Good luck everyone ...
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re: Taeemwar LEADS the Top 5 2020 Stock Pick'em Contest - HYDRebs
Reserved 1 2 3 4 5...
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re: First time Home Buyer Question - HYDRebs
[quote]Why is putting 20% down to avoid PMI dumb? Honest question. Given all the upvotes I must be missing something. [/quote] Because PMI rates and mortgage rates are incredibly low right now. If you do not have 20% to put down and are waiting to save for 20% down it likely that over the time ...
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re: Building a house -- architect/loan question - HYDRebs
[quote]Also, probably a dumb question, but do we need building plans before a bank will give us a loan?[/quote] Yes maybe not all, but 99% will need to see the plans before the loan. They will need to give the plans to the appraiser so he can use it when appraising the projected build. What s...
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