how big of a mortgage will i be able to afford if …….

[Ricechex]

Wow, thanks HLS! On that site right now….nothing better to do on a Friday night! My FICO was around 790 a few years ago, and nothing has changed regarding late payments, debt (I only have a house note….no other debt or loans) all those good things….so I think I should be getting more offers!

[Ricechex]

Wow, thanks HLS! On that site right now….nothing better to do on a Friday night! My FICO was around 790 a few years ago, and nothing has changed regarding late payments, debt (I only have a house note….no other debt or loans) all those good things….so I think I should be getting more offers!

[HLS]

You bet.. Please let me know if you find some free money… I don’t look at the offers, I just refer people there.

[HLS]

You bet.. Please let me know if you find some free money… I don’t look at the offers, I just refer people there.

[Raybyrnes]

Discover had a great deal on balance ttansfers. 0% fixed until balance is paid off. Simple requirement was making 2 purchases a month. All you hd to do was pick up a couple of packs of gun and py the % on what amounted 5$ or less a year.

Another great offer was given by Jupitor Bank marketed under the Harvard Card. They provided a 0% rate for 6 month O% on puchaes 0% on checks with no annual fee. I put 3000 towards teh purchae of a new car on credit card,

Citibank had a good card under the Upromise program offering 0% on balance transfers,

For purchases with good credit it is hard to beat the Amercan Exprss Blu which offers 0% on purchases for 15 months. That is an awesome deal. On a 20K limit they are basically giving away a thousand dollars for simply signing up.

People forget Credit cards make 1.5% each time you run your card through a terminal so the mercahnt is foot ing the bill even if you are being subsidized.

[Raybyrnes]

Discover had a great deal on balance ttansfers. 0% fixed until balance is paid off. Simple requirement was making 2 purchases a month. All you hd to do was pick up a couple of packs of gun and py the % on what amounted 5$ or less a year.

Another great offer was given by Jupitor Bank marketed under the Harvard Card. They provided a 0% rate for 6 month O% on puchaes 0% on checks with no annual fee. I put 3000 towards teh purchae of a new car on credit card,

Citibank had a good card under the Upromise program offering 0% on balance transfers,

For purchases with good credit it is hard to beat the Amercan Exprss Blu which offers 0% on purchases for 15 months. That is an awesome deal. On a 20K limit they are basically giving away a thousand dollars for simply signing up.

People forget Credit cards make 1.5% each time you run your card through a terminal so the mercahnt is foot ing the bill even if you are being subsidized.

[Ricechex]

Thanks Ray. The problem with AMEX, is that they are not used by many merchants. I try to patronize local businesses, my hairstylist, the local hardware store, etc, and AMEX is not accepted.

And, I don’t have any balance transfers, because I don’t carry any balances.

I am going to check out Jupitor Bank though….Thanks so much! You guys are great.

Oh, one I thought was a good purchase….just got Worldpoints CC through Continental. It cost $85 annual fee, BUT, got 10K miles after one purchase. 85$ for 10K miles is a good deal…I needed about that much for an upcoming trip.

[Ricechex]

Thanks Ray. The problem with AMEX, is that they are not used by many merchants. I try to patronize local businesses, my hairstylist, the local hardware store, etc, and AMEX is not accepted.

And, I don’t have any balance transfers, because I don’t carry any balances.

I am going to check out Jupitor Bank though….Thanks so much! You guys are great.

Oh, one I thought was a good purchase….just got Worldpoints CC through Continental. It cost $85 annual fee, BUT, got 10K miles after one purchase. 85$ for 10K miles is a good deal…I needed about that much for an upcoming trip.

[waiting hawk]

“My parents did it your way. They ended up losing a ton of money in the stock market crash of 87. Then my father lost his job during Aerospace downsizing a couple years later. The result, well, let’s just say I saw the sheriff nailing the foreclosure noticing on the tree out front of the biggest house in the neighborhood: ours. I won’t do that to my kids, period. They will always have a house to live in. Our house is not an investment vehicle whether you find it silly or not.”

Happened to me as a kid twice. By 40 I’ll have a cabin in Arrowhead and the primary paid for.

[waiting hawk]

“My parents did it your way. They ended up losing a ton of money in the stock market crash of 87. Then my father lost his job during Aerospace downsizing a couple years later. The result, well, let’s just say I saw the sheriff nailing the foreclosure noticing on the tree out front of the biggest house in the neighborhood: ours. I won’t do that to my kids, period. They will always have a house to live in. Our house is not an investment vehicle whether you find it silly or not.”

Happened to me as a kid twice. By 40 I’ll have a cabin in Arrowhead and the primary paid for.

[Raybyrnes]

I like the Amex because I have a family and shop at Costco. I bumped up to the Executive Memebership so I get 2% back on purchases as an executive member and I get an addition 1% back in purchases on the AMEX. Rather than getting a card for myself and my wife because 99% of the time we shop together I got one for myself and gave the otehr to my mother who I now colect the 2% on. All in all I spent 50$ more for the Exectuvie membership but ended up getting close to 300$ back at the end of the year.

If you don’t have balances to transfer you are missing out on 1000$ a year. It is not hard to carry a balance of 20 k on a couple fo credit cards and shift them around. During that period of time the money can be sitting in a MMA earning you 5% or better. If you have a Costco membership you can open up a capitalone MMA and it is paying an APY of 5.2%.

Another great tool to make managing this stuff easier is yodlee.com

If you have a fidelity account the FULL View feature is built on Yodlee’s Platform. Sam is true for Merrill Lynch and many of the other larger brokerage firms. Give it a shot.

One caveat to be aware of is that you need to pay down some of this stuff 2 to 3 months before making major purchase. Your credit score will drop a little as you carry high balances on teh CC and the Usage % goes up. For me I will gladly trade a 780 credit score that does nothing for me for a 720 and 2 or 3 grand a year.

[Raybyrnes]

I like the Amex because I have a family and shop at Costco. I bumped up to the Executive Memebership so I get 2% back on purchases as an executive member and I get an addition 1% back in purchases on the AMEX. Rather than getting a card for myself and my wife because 99% of the time we shop together I got one for myself and gave the otehr to my mother who I now colect the 2% on. All in all I spent 50$ more for the Exectuvie membership but ended up getting close to 300$ back at the end of the year.

If you don’t have balances to transfer you are missing out on 1000$ a year. It is not hard to carry a balance of 20 k on a couple fo credit cards and shift them around. During that period of time the money can be sitting in a MMA earning you 5% or better. If you have a Costco membership you can open up a capitalone MMA and it is paying an APY of 5.2%.

Another great tool to make managing this stuff easier is yodlee.com

If you have a fidelity account the FULL View feature is built on Yodlee’s Platform. Sam is true for Merrill Lynch and many of the other larger brokerage firms. Give it a shot.

One caveat to be aware of is that you need to pay down some of this stuff 2 to 3 months before making major purchase. Your credit score will drop a little as you carry high balances on teh CC and the Usage % goes up. For me I will gladly trade a 780 credit score that does nothing for me for a 720 and 2 or 3 grand a year.

[Author]

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