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Dec 30th, 2023
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 Re: Financial gurus
[Re: JCBYEN]
#15192755
09/17/24 01:17 AM
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Joined: Apr 2017
Posts: 15,119
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 15,119 |
Lot of home repair companies offering no interest loans. Anyone offering a no interest loan will most likely have prices higher than a giraffes @zz
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Re: Financial gurus
[Re: tmd11111]
#15192762
09/17/24 01:21 AM
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Joined: Jun 2020
Posts: 16,474
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 16,474 |
Lot of home repair companies offering no interest loans. Anyone offering a no interest loan will most likely have prices higher than a giraffes @zz Yup it’s all baked in
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Re: Financial gurus
[Re: grandbassslayer]
#15192764
09/17/24 01:23 AM
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Joined: Oct 2006
Posts: 104,693
Bigbob_FTW
OP
Big Sprocket Bob
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OP
Big Sprocket Bob
Joined: Oct 2006
Posts: 104,693 |
Lot of home repair companies offering no interest loans. Anyone offering a no interest loan will most likely have prices higher than a giraffes @zz Yup it’s all baked in Agreed. Nothing is free.
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Re: Financial gurus
[Re: CrazyCrappieGuy]
#15192765
09/17/24 01:24 AM
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Joined: Jun 2020
Posts: 16,474
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 16,474 |
Borrow against your 401k if you can, you pay interest to yourself. Respectfully that’s horrible advice. You are going to take out pre-tax money and pay it back post tax. All the money you took out isn’t earning interest either. It’s a double whammy might as well go to a loan shark.
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Re: Financial gurus
[Re: Bigbob_FTW]
#15192768
09/17/24 01:25 AM
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Joined: Jun 2020
Posts: 16,474
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 16,474 |
Lot of home repair companies offering no interest loans. Anyone offering a no interest loan will most likely have prices higher than a giraffes @zz Yup it’s all baked in Agreed. Nothing is free. All that said some remodelers offer financing. I’d get 3 quotes and see if you can negotiate with the lowest one- may be your best option.
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Re: Financial gurus
[Re: Bigbob_FTW]
#15192772
09/17/24 01:27 AM
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Joined: Oct 2009
Posts: 12,019
rj74955
TFF Guru
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TFF Guru
Joined: Oct 2009
Posts: 12,019 |
Remember Wawi telling us about bhole picture money?
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Re: Financial gurus
[Re: grandbassslayer]
#15192775
09/17/24 01:30 AM
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Joined: Jan 2005
Posts: 14,661
jcarring99
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 14,661 |
Lot of home repair companies offering no interest loans. Anyone offering a no interest loan will most likely have prices higher than a giraffes @zz Yup it’s all baked in lol yeah there is no such thing as free money. Zero interest loans have a bunch of points built in from the lender. Trust me that cost is not absorbed by the construction company. It’s usually 6 to 10 points depending on program and loan amount. We had them when I worked at RJ. So if a customer wanted to finance I always made sure I knew what kind of financing they wanted. If it was zero percent interest I knew I had to up the estimate accordingly or it was coming out of my pocket.
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Re: Financial gurus
[Re: Bigbob_FTW]
#15192783
09/17/24 01:34 AM
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Joined: Mar 2011
Posts: 16,598
Westside.
TFF Guru
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TFF Guru
Joined: Mar 2011
Posts: 16,598 |
Buy materials, labor yourself
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Re: Financial gurus
[Re: Bigbob_FTW]
#15192785
09/17/24 01:35 AM
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Joined: Sep 2003
Posts: 4,479
MV
TFF Team Angler
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TFF Team Angler
Joined: Sep 2003
Posts: 4,479 |
Contact Jcarring 99 he is the classifieds 214 770-7978. See what he can offer
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Re: Financial gurus
[Re: Bigbob_FTW]
#15192791
09/17/24 01:38 AM
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Joined: Feb 2005
Posts: 4,138
fivebites
TFF Team Angler
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TFF Team Angler
Joined: Feb 2005
Posts: 4,138 |
1) How long are you planning on staying put?
2)How much is the total project? Get you bids lined up.
3) How long do you want to take to pay it off?
4) When you do the bathroom (which is generally a good payback on investment) make sure you look forward to what's coming down the road. Don't want to do the remodel that's gonna be last years "in" thing. Think 5 years down the road for resell as long as you and the Mrs agree on it.
5) Is the fence project necessary right now or is that a want?
There's only a few options since rates are fairly high. 401 as mentioned is not a great one. If you've got a good relationship with you credit union or bank, see what the best rates they have for the different loans they offer, heloc, personal, etc.
Hard to make an informed decision without the basic info.
2019 Chevy Tahoe
2018 Basscat Eyra 250 Proxs
PB Wife of 32 years!
PB Largemouth 9.56 Ray Roberts
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Re: Financial gurus
[Re: rj74955]
#15192808
09/17/24 01:50 AM
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Joined: May 2007
Posts: 45,134
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 45,134 |
Remember Wawi telling us about bhole picture money? That's my retirement plan
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Re: Financial gurus
[Re: jcarring99]
#15192816
09/17/24 02:03 AM
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Joined: Oct 2006
Posts: 104,693
Bigbob_FTW
OP
Big Sprocket Bob
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OP
Big Sprocket Bob
Joined: Oct 2006
Posts: 104,693 |
Lot of home repair companies offering no interest loans. Anyone offering a no interest loan will most likely have prices higher than a giraffes @zz Yup it’s all baked in lol yeah there is no such thing as free money. Zero interest loans have a bunch of points built in from the lender. Trust me that cost is not absorbed by the construction company. It’s usually 6 to 10 points depending on program and loan amount. We had them when I worked at RJ. So if a customer wanted to finance I always made sure I knew what kind of financing they wanted. If it was zero percent interest I knew I had to up the estimate accordingly or it was coming out of my pocket. You interested in tub job? Pm me.
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Re: Financial gurus
[Re: fivebites]
#15192818
09/17/24 02:05 AM
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Joined: Oct 2006
Posts: 104,693
Bigbob_FTW
OP
Big Sprocket Bob
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OP
Big Sprocket Bob
Joined: Oct 2006
Posts: 104,693 |
1) How long are you planning on staying put?
2)How much is the total project? Get you bids lined up.
3) How long do you want to take to pay it off?
4) When you do the bathroom (which is generally a good payback on investment) make sure you look forward to what's coming down the road. Don't want to do the remodel that's gonna be last years "in" thing. Think 5 years down the road for resell as long as you and the Mrs agree on it.
5) Is the fence project necessary right now or is that a want? No
There's only a few options since rates are fairly high. 401 as mentioned is not a great one. If you've got a good relationship with you credit union or bank, see what the best rates they have for the different loans they offer, heloc, personal, etc.
Hard to make an informed decision without the basic info. We'll die in this house. The fence is dire as is the tub.
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Re: Financial gurus
[Re: Bigbob_FTW]
#15192824
09/17/24 02:11 AM
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Joined: Mar 2008
Posts: 61,811
LoneStarSon
Private Dancer
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Private Dancer
Joined: Mar 2008
Posts: 61,811 |
I rebuilt our fence in 2005 and it's still going strong. I did it with pressure treated 2x4s and pickets...did it all myself. If I can fence the backyard on an acre lot, you should be able to do that one. I know your son is autistic, but he looks strong from the pics you posted when he graduated. Can he help you build it? The labor is a large part of that project. If you could do that on your own, that would be good. Home Depot and Lowes usually run 0% specials around Veterans Day (all the holidays really).
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