Travis White

@Soaps27 0% chance the hurdles get used

Best part of remote work…Home gym workouts

@markcecchini All

Buying our house last year was a dream come true We saved for years, strategized, and surrounded ourselves with an amazing team to out bid 9 other offers Here's everything you need to know about buying a home or condo: First, your maximum home budget should always be a reflection of your financial situation, cash flow, and other goals (including life goals and geographic moves) Not just the maximum amount a lender is willing to provide via pre-qualification ^^The two numbers can often differ by a fairly wide margin Here's a thread breaking that down with specific numbers x.com/markcecchini/s… With today's interest rates, it takes much longer to "break even" from a financial standpoint on a property New homebuyers in certain locations can expect to spend between 8-14 years in their house before breaking even on their investment → Down Payment: Typically 20% of the purchase price (doesn't have to be 20%) 20% is required if you want to avoid "PMI" or Primary Mortgage Insurance -- this makes your monthly payment higher until you achieve 20% equity in the home The current mortgage deduction under TCJA legislation allows you to take a tax deduction for interest payments on the first $750k of debt (i.e. If you have a $1M mortgage, you can only deduct 75% of your interest costs) → Monthly Payment: PITI = Principal, Interest, Taxes, Insurance Amortization of the Loan = Principal & Interest Taxes = Real Estate Taxes Insurance = Monthly Homeowners Insurance All else equal, try to keep the percentage of your income going to housing (PITI for mortgage or Rent amount) to <30% of your gross monthly income → Interest Rate: Fixed-rate keeps payments steady; adjustable-rate (ARMs) might start low but fluctuate with market trends 30 year mortgages are still between 6.0%-7.0% for borrowers with great credit, but they could come down with rate cuts → Loan Period: Ranging from 5 to 30 years, with most opting for the latter for predictability → Amortization: The norm, blending principal and interest in monthly payments. Some opt for interest-only loans to lower initial outlays, betting on future refinancing or property sale before steeper payments kick in → Conforming vs. Non-Conforming: Conforming loans adhere to federal limits and offer lower rates; surpass these, and you're in jumbo loan territory, requiring heftier down payments but eliminating mortgage insurance need The 2024 conforming loan limit for single-family homes is $766,550 in most areas, but it can be higher in some expensive housing markets Conforming loan limits can top out at $1,149,825 in Alaska, Hawaii, D.C and in some counties, such as San Francisco → Calculating Affordability: Consider the full monthly cost, not just the mortgage but also taxes, insurance, and maintenance (see thread above) Don't forget about all the costs that come with home ownership: → Utilities, Cable, Internet → Furniture → Repairs, projects, and painting → Landscaping → Unforeseen problems → Security system → Pre-Approval: Essential for gauging what you can borrow and at what rate, with the opportunity to shop around for the best deal You will need to provide W-2s, bank statements, investment statements, paystubs, and tax returns You will then get a letter from the lender saying you are pre-approved -- then you can go shopping with confidence →Technical Refinancing: Buying with all cash up front then refinancing can offer tax deductions on interest as an investment expense →Cash-Out Refinancing: Convert home equity into cash for various needs, from remodeling to debt consolidation → Home Sale Exclusion: Capital gain from your home's sale can be tax-exempt up to a limit, provided you've lived there for enough time You can exclude up to $250K ($500K married) of capital gain from selling in the future as long as it has been your primary residence for at least 2 years out of the 5 years prior to date of sale →Tax Implications: Buying a house will create certain tax deductions (RE taxes, investment interest) Keep in mind, you can only truly benefit from these deductions if you itemize your deductions (vs taking the standard deduction) →Your Home Buying Team: We could not have successfully closed on our new home without an all star team behind us IMO, this includes: → Financial advisor → Real estate agent → Mortgage broker → Homeowners insurance broker With the right team, a solid understanding of mortgage types, and strategic planning, you can navigate the complexities and find a pathway to homeownership that aligns with your financial landscape and future aspirations My wife and I decided to skip the starter home and go right for a 5B / 5BA with a yard and a pool last year Why? Because we both… —Want ~3 kids —WFH (need 2 offices) —Love entertaining —Wanted more space for the pup —Will likely be here for decades Ultimately you should let your life goals dictate your financial goals, including buying a house ~~This is intended for educational purposes only~~ If you enjoyed this... 1. Repost to share with your audience 2. Follow me on X for more personal finance content 3. Visit the Linktree in my bio for more information 4. DM me to connect

@DeMar19FSU @huffa9299 @GarThompson @kane_nuh Stubbed it walking to the rock. A classic huff injury

We all know @huffa9299 knows exactly what this feels like, eh @GarThompson @kane_nuh

@lizhane1 @hulu Having the same issue. It has been like this for every game in the NCAA tournament.

@hulu why is your @CBS feed so terrible? The sound is constantly sputtering, it doesn’t matter if it’s live TV. The picture also consistently sputters. It’s the only channel on Hulu that does this. It’s so annoying.

Can't wait to see the @FerrisHockey fellas tonight #alumniouting

@DeMar19FSU every team needs a thumper

@jeannaradz why is he running up the stairs so slow? I know @Ztrotman4 is faster than that

@DeMar19FSU classy

#bucciovertimechallenge Schwab and Deblois @Buccigross

You know a lot of people take seven years to graduate...

Floyd Mayweather is to boxing like the neutral zone trap is to hockey. Both boring as ever to watch, with little offense

If I get 20 retweets by the time I leave the rock @Zackdorer will unicorn an ice cream cone the whole way home

The scoring troubles continue...#IMsoccer

@DeMar19FSU shut up matt

@CJMotte Good Job ceej! Good thing you have @Whiteyboy3 in front of you too! I heard he broke the blocked shot record this year too!

WATCH: Josh Fleming Dunk in the GLIAC Playoff Quarterfinal tonight youtube.com/watch?v=3XqDVt… #SCTop10 @SCTop10

Hey @FerrisHockey Dawg Pound! Come out to this weekend's last home series and help send the seniors off on Saturday with a memorable night!!

Patriots QB Jimmy Garoppolo now has as many Super Bowl wins as Brett Favre and Peyton Manning.

At what point do I pick up J.J. Watt in my fantasy league and play him in the flex position?

@EricRingel been there. Great move in a pinch.