The New "What did you do with your Z today" (with off topic replies) XXIX

Haboob · 08-16-2018, 09:08 AM

Quote:

Originally Posted by Hotrodz

So tomorrow is "Wear Your Helmet to Work Day!" Who is in?

Haha, I don't think it's wise for me to wear one into a government building.

I'd do it though.

FPenvy · 08-16-2018, 09:09 AM

Quote:

Originally Posted by Hotrodz

So tomorrow is "Wear Your Helmet to Work Day!" Who is in?

sounds fun.

except i dont own a helmet.

JARblue · 08-16-2018, 09:10 AM

Quote:

Originally Posted by jwick

We’ve had issues with auto draft payments since we moved into the new house. Took us three months of bills to finally get the electric bill paid correctly. Sometimes I think we try to over do technology.

I had issues with three different bills trying to switch over the bank account or do a name change on the account after the divorce.

My receiver and TV are supposed to be 'smart' and talk to each other and auto-change inputs and whatnot. As far as I can tell, they just argue with each other. It often auto switches incorrectly when I try to manually change inputs. It's so frustrating I plan to add at least three more HDMI cables in the wall to try as a workaround.

It's not that we overdo technology. The problem is everyone is so damn greedy and no one wants to do any development. Get your product to market as quick as possible so you get money as quick as possible. Who cares about the end user. And who cares about development since the next thing will be out before you can improve your existing garbage product.

jwick · 08-16-2018, 09:23 AM

Quote:

Originally Posted by Pintsize725

It's called the My First Texas Home program.

I couldn’t find any good information on it other than what you listed. I would just be extra careful and read the fine print. I’m not sure what the second zero percent interest loan is for but it appears like a balloon payment on a lease. A non-amortized loan is like an ARM. Meaning that if you just pay the minimum payment each month then you aren’t doing anything other than paying the interest due on the loan and not paying down any principal. The difference is there is a set amount that you have to pay back before any of it goes to the principal. That would be the second loan total but I just don’t have enough information.

To answer your first question. The interest rate appears to be on par with a credit rating in the mid-600s. If you have a rating over 700 then it’s not that good.

onzedge · 08-16-2018, 09:23 AM

Quote:

Originally Posted by eastwest2300

Hotrodz · 08-16-2018, 09:24 AM

Quote:

Originally Posted by FPenvy

sounds fun.

except i dont own a helmet.

Get one, you are going to need it anyway!

onzedge · 08-16-2018, 09:25 AM

Greetings from Sacramento, CA.

Hotrodz · 08-16-2018, 09:27 AM

Today is a sad day...the Queen of Soul has died. I grew up listening to Aretha Franklin. I love her in the Blues Brother movies.

FPenvy · 08-16-2018, 09:31 AM

Quote:

Originally Posted by Hotrodz

Get one, you are going to need it anyway!

nahhh i'll just go to the track, make one pass in the low 10s, get told to leave, and smile

im currently shopping for some wheel sealant. this heavy bitch just throws brake dust. first stop sign after i was the GTR they're coated. doesnt help the wheels are gloss black.

jwick · 08-16-2018, 09:35 AM

Quote:

Originally Posted by Hotrodz

Today is a sad day...the Queen of Soul has died. I grew up listening to Aretha Franklin. I love her in the Blues Brother movies.

Damn. Didn’t see she passed. I’ll always remember jamming to her tunes in my parents Buick.

Pintsize725 · 08-16-2018, 09:45 AM

Quote:

Originally Posted by jwick

I couldn’t find any good information on it other than what you listed. I would just be extra careful and read the fine print. I’m not sure what the second zero percent interest loan is for but it appears like a balloon payment on a lease. A non-amortized loan is like an ARM. Meaning that if you just pay the minimum payment each month then you aren’t doing anything other than paying the interest due on the loan and not paying down any principal. The difference is there is a set amount that you have to pay back before any of it goes to the principal. That would be the second loan total but I just don’t have enough information.

To answer your first question. The interest rate appears to be on par with a credit rating in the mid-600s. If you have a rating over 700 then it’s not that good.

The second zero percent is for the down payment assistance the program offers. Essentially deferring that cost. We are over 700 but have $0 for down payment so we're SOL.

jwick · 08-16-2018, 09:53 AM

Quote:

Originally Posted by Pintsize725

The second zero percent is for the down payment assistance the program offers. Essentially deferring that cost. We are over 700 but have $0 for down payment so we're SOL.

So I’m going to guess that the non-amortization is for them to recover the down payment assistance before you start paying down principal.

If you aren’t buying a brand new house, I highly recommend buying a home warranty. You can require it from the seller for the first year but you’ll be responsible after that. If you don’t have down payment money then I assume you wouldn’t have ‘replace the A/C’ money. At least with the warranty you’d be covered for a $100 deductible

JARblue · 08-16-2018, 09:57 AM

Original FHA loan interest was 4.5% back in 2009. Two refinances and a restructured loan (no longer FHA) later and I'm sitting at 3.75% on a 30 year. Credit rating over 700 for the original loan. Over 800 rating for the latest rate. Nothing out of pocket for any of them - even managed to always roll any closing costs into the loan.

JARblue · 08-16-2018, 10:01 AM

Quote:

Originally Posted by jwick

So I’m going to guess that the non-amortization is for them to recover the down payment assistance before you start paying down principal.

If you aren’t buying a brand new house, I highly recommend buying a home warranty. You can require it from the seller for the first year but you’ll be responsible after that. If you don’t have down payment money then I assume you wouldn’t have ‘replace the A/C’ money. At least with the warranty you’d be covered for a $100 deductible

Be careful on that $hit. I had to have one due to FHA loan. But it was useless. Deductible is different for different equipment (A/C for example was way higher than $100 - I think it was $1000 IIRC). Heater went out first winter and they couldn't schedule someone for over a week. Neighbor recommended a guy who fixed it for me that night. Next summer A/C went out and it was days of hassle dealing with them and their service guys. Called up my neighbor's guy again - he had the part on his truck and fixed in an hour. YMMV.

jwick · 08-16-2018, 10:04 AM

Quote:

Originally Posted by JARblue

Original FHA loan interest was 4.5% back in 2009. Two refinances and a restructured loan (no longer FHA) later and I'm sitting at 3.75% on a 30 year. Credit rating over 700 for the original loan. Over 800 rating for the latest rate. Nothing out of pocket for any of them - even managed to always roll any closing costs into the loan.

3.75% is awesome. That’s what the rate was when we signed on the house. By the time they built it and we close, we had to close with 4.25%.

08-16-2018, 09:25 AM	#8212 (permalink)
onzedge A True Z Fanatic Join Date: Apr 2010 Location: Battle Lake MN Age: 63 Posts: 183,964 Drives: 370Z 240Z Rep Power: 2684736	*Greetings from Sacramento, CA.* __________________ Koni\|Swift\|Michelin\|Motordyne\|Berk\|RJM Performance\|Gates\|SPL\|Motul\|Technafit\|Ate Super Blue\|Hawk Tommy Kaira\|Momo\|Optima\|Hella\|Hotchkis\|Red Line\|ZSpeed\|Stillen\|B&M\|H&R

08-16-2018, 09:27 AM	#8213 (permalink)
Hotrodz Premium Member Join Date: Aug 2012 Location: NW, AZ Posts: 9,330 Drives: 10 Nissan 370z Nismo Rep Power: 2684384	Today is a sad day...the Queen of Soul has died. I grew up listening to Aretha Franklin. I love her in the Blues Brother movies. madwi likes this. __________________ *Fast Intentions TT Installed and Tuned by Seb at SpecialtyZ 610whp 560tq:\|Fast Intentions 3" TT-TDX*\|SpecialtyZ/Fast Intentions 72 Row Oil Cooler\|SZ 6 Puck Clutch & Flywheel\|3GsCustoms\|Z1\|Wavetrac\|Hotchkis\|Whiteline \|Blitz\|Fortune Auto 500\|Fujimura\|SPL\|H&R\|TK\|TWM\|RPM Rollbar\|Sparco\|Next Level Performance\|TrackSpec\|AeroFlow Dynamics\|Pioneer\|

08-16-2018, 09:57 AM	#8218 (permalink)
JARblue A True Z Fanatic Join Date: Mar 2011 Location: Austin, TX Age: 43 Posts: 36,449 Drives: 11 Z34, 98 E36 M3 Rep Power: 2684440	Original FHA loan interest was 4.5% back in 2009. Two refinances and a restructured loan (no longer FHA) later and I'm sitting at 3.75% on a 30 year. Credit rating over 700 for the original loan. Over 800 rating for the latest rate. Nothing out of pocket for any of them - even managed to always roll any closing costs into the loan. __________________ 2011 370Z 6MT Sport Gun Metallic \| ARC \| CJM \| Ecutek \| FI \| Fujimura \| R2C \| SPL \| Stillen \| TWM \| Z1 \| ZSpeed \|

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