Anyone have a JD mortgage loan? Can you describe your experience? Also is there any incentives like it for building a home? Typically expected to put down 20-25% but wonder if a JD mortgage changes that.

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I don't know of any JD Mortgage programs that allow construction loans.

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I looked into the program while shopping for mortgages for my first home. Zero down. Interest rates about 1-2% higher than what I would have been offered with 10-20% down. Ultimately decided to go with a Eastman Credit Union which offered a similar product with a better interest rate.

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Nothing I found allowed building or renovating your home.

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Is it true you can’t use it for a 2 or 3-unit building that you’d live in one unit of?

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I have one. Interest rate is slightly higher but we ran the numbers and no PMI and 0 down made it worth it. I haven’t seen them offered for construction but would be curious if you find out they are—I’m thinking about building in a few years.

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I want to say up to like 900k but I’m not sure. Ours was only 400k so wasn’t a concern. This was when I was a first year associate though so income was relatively low.

God, 0% down seems like so much risk—and a high monthly… not sure how I feel about this kind of loan…

I have VA loan and did very little down b/c my interest rate is 2.5% I’d much rather have the cash in the market

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Related Posts

Recent college grad with ~$25k in student loan debt and no investments. I have about $10k I want to invest but I have no idea where to start. Please help

What credit card to you recommend pairing well with chase sapphire preferred for maximizing redemption? Pretty new to points and def don’t know a lot! I’m considering one of the Marriott cards bc we love Marriott or an Amex one! Any ideas appreciated 🤗 TIA!!

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The wife, baby and I are moving to Greenville SC in the spring.

Would love to hear anyone’s experiences about the city and where you’d suggest we start our house search!

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Hello, is there anyone here that can recommend ways to make money as a notary public?
Thanks

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I’m saving up for a first home (3-5 yrs out, 30k saved) and looking for insights on safe amount to spend. HHI 300k (very recently doubled), 30k student debt, children in next few years, 29yo. We enjoy spending on vacations and hobbies so lower fixed costs, and interested in FI. Trying to figure out a balance between getting a dream home but setting up a secure future. We live in NE so housing and tax is high and stressed by the sticker. Any insights would be appreciated

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It's super frustrating to be "time poor".

That's seemingly just the nature of working in Biglaw.

But every day you have the option to buy back your time.

How do you buy back time?

It's simple—by saving and investing.

And you don't need to be uber wealthy to regain control of your time.

Consider this…

likesmart

Based on your current salary and expenses, how much are you saving monthly? Seniors on here (VPs above), what's a good amount to target based on your experience?

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Probably the antithesis of this bowl - but need some advice. This is for a house in a Southern metro. Built in 1960s completely remodeled in 2000s with some very recent additional remodeling of kitchen and bathrooms. Well kept house. The price will be nearly $1M, the same as something built in 2010+ with similar square footage (because a lot of the price is the lot, its a super expensive zip). Should I steer clear because of the age? Will it cost a ton in maintenance and utility bills?

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Hi, I'm new to Dallas. Have been eyeing on rental investment in Dallas. Looking into Zillow, properties in Arlington seem to have good appreciation. Is it good idea to invest in Arlington? What other areas in Dallas can I consider (checked Carrollton, Plano, Coppell, Addison).
Thank you.

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i'm looking into getting an american express credit card.. this will be my first credit card, i do a lot of driving and traveling what would be the best one to get?

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Hi everyone.

Any day trader guru here? Suggest me where I can learn trading methods and knowledge. I won't start trading now until I feel my techniques good.

TIA

likesmart

What’s the best travel rewards card you have and why?

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What to do when your spouse is on a diff tangent in terms of finances? My wife wants to spend spend spend and I want to save save invest.

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Is PLTR still a good stock to buy?

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What % of your gross income do you all put into savings?? I have my 401k at 6% (or whatever the min to match is) and then immediate put about 20% straight to savings. Young, but worried for future!

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Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo

Question for Sales leaders who’ve said “I did an analysis and concluded we just need more at bats”.

Does it feel like you’re saying something useful? Or are you also writing a book titled “In order to get rich you just need more money”?

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Asked this in another group and realized this group might have more insight. Which one should I get: Chase Sapphire Preferred or Chase Sapphire Reserve?
I have a 1.5% cash back card from CapitalOne

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What the firms opinion on holding crypto?

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More Posts

I need a mentor to guide me for a job role in MBB. I have 5 YOE (4.5 years in Manufacturing & Automation 6 months in SaaS) any volunteers?

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I know Trump supporters on here are too embarrassed to side with him on here regarding “stop the count”, “voter fraud” etc. hence the silence.. I hope you can now see him for who he really is 🤡

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Hey, Can I get brief idea on whats salary bracket for Senior Data scientist with 6YoE in VMware?
I am to have HR discuss this week and want to get in discussion with a rough ballpark..

Hi anyone from VMware .
Requesting information on the designation structure in VMware india.Thanks in advance

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Hi all! Looking for some advice please!
I am looking to stir my career into a Project Management role. I have some work experience in managing IT Projects but don't have the title. Is working towards a PMP Certificate worth investing time and money in worth it or should I just apply for a PM role?
Thank you in advance!

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How do I train my critical thinking skills? Any book recommendations?

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Confession: I used my hospital client ID today to get discounts on donuts. 😐

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Heart says Morroco, Head says France.

Looking to apply to MBB at 1-2 YOE after undergrad. Undergrad GPA isn’t bad, but not MBB quality. Will it help if I take the GMAT early and include the score on my app? How high is good enough? 750+?

anybody aware of tcs negotiating after resigning? if yes, how much one can bargain in terms of % for a 10 yrd exp guy.

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Are alternative investments a good area to get started in? I’m making a career change from insurance and like asset management, possibly at Northern Trust. They have openings for alternative investment analyst and I wasn’t sure if that is a recommended area to start in or would that not allow for growth? I just don’t want to get stuck in a specialty and not be able to move up because of it. Any advice?

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Tried to jump to a big 4 as a senior 2 in risk assurance . SF market - offered 93k base and 15k bonus. Is this worth?

After joining with Barclays does it provide an Appointment letter? I joined 2 weeks back but i didn't receive it yet.

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Hello .. Anyone joining UBS on 31st October in Pune location?

Anyone know the salary range for Supervisor Customer Service at Fiserv? They just reached out and I have a phone screen in 2 hours.

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I was about to talk trash about my truck driving friends and blame them for my heatwave related problems. Then I remembered that I drive an SUV, not zero emission, and I'm not doing much better for the environment than they are. I'll just ask them what if the climate change believers are right and see what they say.

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So what’s the plan tomorrow?

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Anyone here in the business design team? Had a quick question if you have a chance. Thanks !

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So... who is starting the IFS compensation spreadsheet? 😉

I’m applying in round 2 and am quite worried about my essays. I have them drafted but I feel they’re not up to par with samples I’m seeing out there. On paper, I have decent enough metrics to believe I have a shot, but not sure if my story is going to come through strongly enough. Are there any consulting services out there that people have found effective and are also affordable?

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Additional Posts in Big Law

Anyone know the average associate hours billed at Gunderson?

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People who don’t submit their time daily, how do you remember what you did and for how long? I’ve always just submitted each timer as soon as I finish a task—“call with x re y” really doesn’t take that long even if I’m busy, and if I don’t do it immediately I’ll forget all those little I did in the morning by the time I go to bed. No shade at all to those with different systems, just genuinely curious because I see a lot about catching up at month end on here and I have no idea how that works??

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New to due diligence and not sure the timeline of projects. Tips to stay organized of the project and timeline, and how to update those leading the deal? Just keep track of new info and provide as necessary?

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Does anyone here know any good recruiters for Boston? Not looking to move, but want some intel (and feel awkward reaching out to the recruiter who placed me here).

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How long and how “much” can a stub year coast through Big Law? What billables are considered “coasting”? 1 year? 2 years? 3 years? For perspective - at Vault 10 firm in NYC with no billable abs unassigned system.

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Now that the craziness of 2021 is firmly in the mirror, what is your class year and when do you normally stop working at night, on average? For me 6 to 7 is the average. Have to wake up at 5 or 6 a.m. one or two days a week to make that happen though and it may not last through Q4..

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Welp did not get selected in the H-1 visa lottery. I guess my time in this country has come to an end.

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First year here. Do associates get fired for not meeting the billable requirements?

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Interviewing to crossover from plaintiff to defense work, wondering what a competitive salary offer would be from a firm in the V20-30 range, 5th year, antitrust practice. NY/DC scale. Thanks in advance

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How viable/easy is it to move from patent prosecution? I’m assuming patent lit is an obvious option, but what about tech trans? Other general practice areas? Bird law?

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Is "attention to correspondence" an appropriate description for the 17 hour block bill yesterday? Asking for a friend.

likefunny

What item has been your favorite purchase for your home/apt?

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Serious billing question - if during the course of the day, you first receive an email from Client A at say 11:10am and you read it, you then respond to it at 12:20pm. You get another email at 2pm from Client A and respond immediately. The next email comes in at 4pm, you read it and respond only at 4:30pm. None of the email responses take more than 3-5mins. You are working on matters for other clients at all other times during the day. How much are you billing for Client A?

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I’m have a new theory about why juniors always feel like idiots and wanted to see if anyone else thinks this makes sense. I’m a third year, and am the most junior person all of my teams (generally me, a senior or two, and a partner or two), and I always feel like I’m messing something up. Is this just because I never get to work with other juniors and don’t see the mistakes they make, and that it’s relatively normal? And FWIW I went to HYS and I’ve had a clerkship so it’s not like I’m not smart

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Working on some law firm applications tonight and it sucks that I know that I am so capable and have a strong work ethic but firms can’t see beyond grades or the fact that I didn’t go to a t14 law school or prestigious undergrad. I’ve worked twice as hard and feel like I’ve barely even gotten half as much. It’s discouraging sometimes especially because I worked so hard with pretty much no guidance (first gen, poc, low-income) to get into college and do well and then get into a t30 law school

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Thoughts on recording meetings. In Texas and have ADHD. I’ve been recording internal meetings for the past couple of weeks and my work product has improved exponentially. I’m able to go back and listen to the directions over again. In law school I had a note that gave me permission to do this. Is this taboo in a firm?

likesmart

Are any bankruptcy lawyers having to do work outside their practice area during these times? I have zero partner supervision and don’t know how to do like diligence for finance deals..

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Anyone apply to clerkships after working at your firm for a while? Any advice? Currently a second year putting out applications

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Who’s still on the old DPW scale? 🥲

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