Been looking into purchasing home and leaning towards opting out of escrow. I feel comfortable managing my money for the property and insurance payment. Putting down 20% so no PMI considerations. Any reasons to not doing this if money management on payment not a concern?

like
Posting as :
works at
You are currently posting as works at

No, I do this so I don’t have to deal with bank escrow bs - I put the expected cash outlay in a HYSA at beginning of the year and try to earn some interest on it before making the payments late in the year or early the next year

like

This was my thought process

Depends on your interest rate

I was fine using escrow until they raised it to cover the expected cushion (not shortage). I decided I wasn’t going to pay them to hold money that I could just as easily hold.

This - this is the bs I referenced in my post above, which is why I decided to self manage

Check the rate difference. They’ll usually increase the rate until you hit a certain % down if you aren’t escrowing.

Generally agree with everyone but some insurance companies and local governments are living in the 1950s. No autopay option.

Related Posts

Anyone on bench reporting to airoli office?

like

Considering Accenture Federal Services offer, what is the performance (yearly) bonus structure like?…verbal offer, waiting to receive in writing, but wanting to get ahead of knowing what it will look like year after year. This is pertaining to Associate Manager and up roles in Strategy&Consulting Tech&Industry Advisory.

like

I’m looking to transition from my current sales role (purely operational) to a more creative/strategic role that involves public speaking/facilitation. Have some experience in sales development (mainly business development & strategic advice to C-level), branding/marketing, facilitation (as a side-job) and working with content creators.

I’m new to this space so not sure about what kind of roles there are?

like

Scheduling added another S3 (my level) to my engagement but acting as a manager, while I’ve been on this engagement for a few years and getting great reviews. My ego is shot and I’m insulted. Advice?

Hey everyone, I'm in the process of searching for a new sales or account management role particularly focused on mid-size or enterprise B2B sales positions and I’m also open to relocating. My back ground includes; 3+ years of quota carrying experience with a focus on consultative/ solution-based enterprise sales.

If anyone is currently hiring for a position within their company or is able to offer a referral. I would appreciate any help!

like
like

What is the HRA policy in Accenture? I got to know that i can't claim HRa if my base location is city A and living in a rental accommodation in City B?
Is that true?

like

If I join cognizant 2-3 days prior to joining date, will there be any joining bonus ?

like

Throwing this out there. My company was recently acquired and I was laid off yesterday. I’m currently 6m pregnant so looking for a company that isn’t going to have a problem with my giving birth in 3m (looking for a miracle). 13 YOE in Marketing (Brand, Digital, Product, Ops). You name it, I’ve probably done it. Team management exp but not required in next role. Just looking for 100% remote, flexibility, and company that puts families first and won’t give me a hard time about doctor appts 🙏🏻

likesmart

Got an offer from a smaller “boutique” firm with ultra high net worth clients that’s 21% more than I’m making at Deloitte plus 7.5k sign on. Fully remote (firm located in CA, I’m on east coast). Take the offer?

like

Hi all, I have been practicing for 5 years (admitted in NY & NJ) and recently went in house. I just started a side business of writing blog posts for firms or solo practitioners. DM for more info!

like

Hi All,
Need an help!

Help me choose :
Apexon 22 fixed client : Paypal
Virtusa 23.5 fixed
Which one should I join?


Virtusa Apexon

like
like

Why does EY not sponsor internationals working under CPT for one day masters program? Can we all ask for the firm? Or at least provide a better GEOC program.. They will send us to a random country..

like

Anyone from Data and Analytics consulting practice in EY GDS?

like

For people in this bowl who argued that volatility would drop as last week progressed, nice call👏! But curious as to what the thought process is, especially given the volatile earnings season, rising # of cases, weakness in improving economic data. Did not expect UVXY to fall as much as it did last well, can anyone explain if they expect this to continue these next few weeks/why this happened last week?

like

What is the maximum Salary someone can get in Enterprise architecture or Aws cloud architect, i am only seeing management folks getting 50 plus in 19 years experinece..?

like

Starting a new job at Applied Materials on Monday as a Manufacturing Engineer III. I’ve been out of college for 5 years and all of my work experience till now has been in R&D for start ups and small businesses . So not only is this a new experience for me going into such a large company but also a industry (semiconductors). Does anybody has tips or advices on what I should expect as a new hire and how I can set myself up for success? Thanks!

like

This is the very definition of privilege

Able to post something so absurdly wrong (Google PMs in the comments explaining that she transferred ladders when she switched jobs internally, hence pay change)

Able to become a product manager at Google and STILL not comprehend how misleading the race aggregation stat is “Black women make 58 cents to every $1 a white man makes!” not taking into account job choice and individual opportunity.

..all while the comments are filled with blind support

Post Photo
likefunny

Can anyone help with the Amazon work life balance for data engineer in fintech org?

like

Additional Posts in The Real Estate Bowl

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

Where do you get your Airbnb data for rentals? Deciding between STR and LTR on my property right now

like

How long did it take you to purchase your first rental property once you started looking? I’ve been working with an agent for about a month with one offer not accepted, feeling discouraged

like

Trying to find an investment property to rent out for about $300k - what are your recs for location ?

like

Has anyone made a property purchase using sheriff sales? Can you shed any light on the process or share tips or resources?

like

I’m planning on getting my real estate license this spring! My biggest hesitation is that I currently live downtown Chicago and do not own a car. I really do not want to buy or lease a car as the area I live in requires a garage spot to park. Is it realistic to believe that I can be a real estate agent in Chicago if I rely on Uber/CTA?!

like

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

Can I get a commercial loan without 25% down?

like

Thinking about purchasing a property in the Turks and Caicos Islands. Anyone done this? Looking to learn more about the pros/cons of international / Caribbean property ownership.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Will interest rates ever get back down to covid era levels?

like

The threat of nuclear bombs flying over cities should crash the real estate market

like

Tomorrow is a big day for me!
Made a written offer on an apartment on Sunday. Owner‘s starting price was 500k. My offer is 450k. He thanked me and we are meeting this weekend to „negotiate“. Tips?

Looking to buy a studio in NYC (~600k). How low should I go below asking price when making an offer (especially given that the price went down 5% two months ago)? I’m thinking 15% below asking. Location is okay, no view, and a month to month renter in place. Thoughts?

like

Anyone ever had the trim on your house painted? 2000 square feet, was quoted $3500. This included the trim, garage door, and front door. Seems reasonable, no?

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

Hello Everyone, If you are a Real Estate Broker , Realtor or a business Broker please kindly send me a Dm

like

Wanting to move from NYC to either Austin or Tampa. Open to hear the pros and cons.

like

Is it legal to collect the rent in a separate LLC even though rental property is not owned by the same LLC?

like

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal