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- Why do people spend 1.5M - 2M on a home Why are people ready to buy ~2M dollar home in Bay Area by putting > 500k down and then pay 5k-7k mortgage for next 30 years. Why don’t they get a transfer to a cheaper location within their company (albeit a pay cut) and pay cash to buy a home (>500k down payment money can easily be used to
- vote The CEO fires 900 employees over zoom. Is it worse than Amazon? The boss of a US firm has been criticised after he fired around 900 of his staff on a single Zoom call. "If you're on this call you're part of the unlucky group being laid off," said Vishal Garg, chief executive of mortgage firm Better. com, on the call. Mr Garg said staff performance and productiv
- Renter vs homeowner mentality in the bay area Renter's mentality : "Crash is coming", "Rent is better than paying mortgage", "My colleague is an idiot to buy a crappy $2M home in the south bay", "This time it will be worse than 2008, I will buy house at that time". Homeowner's mentality : "Buy now before interest rates go up", "Paying rent is
- I need mortgage Hi, I need to close a house in two months and need to finalize mortgage. Who is providing better deal at this time? With whom you went and how was your experience? Any help/advice for me?
- 15 year vs 30 year mortgage Assuming I can afford either one on my primary long term home, which one is better? If neither is “better” what are the pros/cons? Assume the mortgage is 500k.
- Mountain View Buy vs Rent Assuming money is not a problem, is buying with a mortgage a better choice vs renting?
- 30-year fixed, 2.875%, no point no fee, deal? Refinance. Conforming loan. LTV 40%. South bay. Credit score 800+. Seems like an average deal. Saw older posts where people got 2.5%, but I called multiple lenders, 2.875% is the lowest. Anyone got better deals in last couple weeks? #mortgage #housing
- 7/1 ARM Rate adjustment Mortgage rate to be reduced from 2.875 to 2.25. (7/1 ARM) Is it good or can we do better?
- How do I upgrade my house in the next few years Current status: Early 30s Combined tc: 850k. Made 750k last year. Current house: 1.8m. Fully paid off. Bought for 1.3m in a VHCOL, with small mortgage. Liquid stocks: ~600k. 401k/529/Roth: ~800k. We may not be FIRE since we have less liquid stocks but due to TC we are able to accumulate this at a
- Assets and household income to justify buying a 2 million dollars property Please don't post links to mortgage affordability calculators. I just want to know how others in market are justifying their decision at this price point when half of our income is paid in stocks, some of which is paper money if you work at a unicorn. Would be great if people who already bought a 2
- vote At what age did you pay off your mortgage? I am not looking for examples where investing in the stock market is better blah blah. Also added an option for those that don’t have a mortgage and/or those that are paying it off (so they don’t pollute the results). I personally paid it off at 33. I’m currently 35.
- What is the lowest interest rates today ? #mortgage Getting 2.5% interest rates for 30 years with Wells Fargo. Anyone getting better ? I think 1% closing costs ?
- link Should I refinance? Current Mortgage: 3% 7 Year ARM. Refinanced to this Loan In March 2020. Loan Amount Left:470k Property Value: 750k Best Deal: 2.8% For 30 Year Conventional From Better.com Minimal Closing Costs. ( Prepaids + Taxes) Monthly Mortgage Remains Same As Now. $2700 2.2% For 15 Year Conventional Monthly M
- vote Denver or San Diego? #housing #mortgage Need 4-5bd house for growing family, torn between beach vs mountains. Think you can get 1000+ more sqft in Denver suburb vs San Diego and $1M vs $2M so can pocket more. Can work remote. Where would quality of life be better? TC: 500k
- PMI vs Second Mortgage is it better to get PMI or a Second mortgage if you cant afford the full 20% down?
- vote Am I stupid for buying this? I am considering buying a townhouse around SJ/Milpitas/Fremont/Santa Clara/Sunnyvale for ~$1M-$1.1M. 3BD/2-3Bath. I am planning to live in 1 room and rent out the other 2. I am planning to put 20% down, so my total mortgage payment will be ~$4.5-5k/mo with HOA, taxes, etc. I expect to collect $1-1.2
- Buying a house Is it the right time to buy a house? I feel inflation is coming and a market crash is inevitable. Is it better to buy now with the low interest rates or wait for a crash?#mortgage #housing #nevada
- Buying a house, should I avoid jumbo loan? I know rates are low, 30% mortgage is better than 15% and keeping my money invested is better. Yet I am curious if I should put in more cash and get a regular loan vs jumbo? What’s the upside or downside? I want to buy a 1.3m house and trying to decide on the loan. I also want to get a condo becau
- Jumbo loan refi rates #housing #mortgage #bayarea I currently have a jumbo mortgage at 3.125% for 30yr fixed. Has anyone successfully refinanced their jumbo loan recently for a better rate? If yes, which lender and what rate? So far all the great rates I have seen are for conforming loans.
- vote Seattle housing market top? Or just the start? I’m curious how the people of blind feel about the Seattle housing market going nuts this year and if it’s going to continue to get worse or get better. #seattle #mortgage #housing
- How much are you spending on housing? We currently spend 3300$/month P+I+taxes on our home (plus $1500 on private school for one kid, second one is a baby). We want to upgrade to a bigger home in a better school district (save the private school fee), our dream home would land us in the 7.5k-9k/month range per month (P+I+taxes) and tha
- 30 year fixed rates purchase vs refi for jumbo loans Lender told me rates for purchases are usually better than refinance. Is this true for jumbo loans? #mortgage #housing #money
- vote Pay off mortgage or HODL? I have a mortgage of $400k I have vested tech stocks that are around $700k+ that are trending up. I have enough reserves/other stocks/retirement savings to cover living expenses for a few years if there was some emergency. Live in Canada so no need to worry about healthcare costs. Wondering if it m
- We finally won! Bought our dream home From Seattle. I saw the months when the price kept rising and so did interest rates. Some homes we really liked, but were outbid on almost every front. One thing we were sure of, never to compromise, if we were going to get a home, it would be the one we loved. With time, we realized it quicker. Few
- 2.990% interest rate and 3.050% APR - go or no go? Hi, I got 2.990% interest rate or 3.050% APR for 30 yr fixed rate from my lender. Is a good deal or they can do better? PS: I am planning to start closing soon/ escrow is already opened. #mortgage #housing#rates#loans
- Most Promising NYC Startups ? Looking at the best startups in New York , and was wondering to get y’all’s opinion. I know of Better Mortgage , Compass, Oscar Health , UiPath; are there any other late stage/unicorn gems i should be paying attention to ? Would appreciate any intel : ) #startups
- Is it worth buying home in bay area? Looking at the current market rates, I am seeing house rates going to 1.5M+. Is it worth going for a 30+ year mortgage commitment in current market? Is renting in bay area and buying property in LCOL states a better idea? What are pros and cons of both options? #personalfinance #investments