Cibc home loan

I have $15k in usable savings (other savings are earmarked for high priority things.) Ideally I’d like to put $10k down and am open to carrying a loan of under $150 a month so we don’t get below a certain threshold with our savings (anxious about a few home improvement projects going over and don’t want to completely exhaust the reserves.) Guessing that puts us at spending around $17k? My credit score is in the high 700s.
I’m overwhelmed by the choices but I do want all the safety features I can possibly get (I’m a slightly nervous driver.) Backup camera is an absolute must. I also like the idea of being “up high” and having plenty of visibility as a woman on the shorter side, but I don’t think our wallets can handle 20MPG with an SUV, especially given that I can expect to drive an average of 10 miles a day on a typical day and up to an extra 200-300 miles a month for work-related travel. I also don’t think we could realistically afford a hybrid SUV.
Any advice on what to look at?
My last car was a 2005 Toyota Prius that I bought 6 years old with 80k miles, paid off in 2016 and drove for another 5 years until parts started falling off in 2021 if you’re curious about how committed I can be about frugal car ownership.

We have been together for over 5 years, lived together for 4 years.
We never really "fight" or really have any tough conversations, only a few over the years. I think we just read each other pretty well or are open about things early on.
The past week or so he has been pretty distant, napping a lot, just not being himself. I've asked him 3 time this past week if everything was okay, in which he assured me yes. Well now today after a few errands together, he tells me he "doesn't think he can get married".
He listed the issues of finance and intimacy as his primary issues he can't get over.
In regards to finances, we both have student debt. I have significantly more. But he has known this since we started dating 5+ years ago. It hasn't hindered us too much as we own a house (which is his technically, he paid for it and got it with a VA loan aka no down payment). We used to have me venmo him my portion of the mortgage but honestly that felt weird so I just started paying for everything outside of the mortgage (gas, groceries, etc.). He does make more than I do by about 25k. He told me that he's just not where he wants to be financially (aka i think he wants to be doing more things and have a bigger house?? idk), but that I won't ever be able to help in that aspect (referring to my student debt). He said that he is doing these purchases and I'm just along for the ride.
For the intimacy thing, yes we may lack in that department, which I have also recognized. And he said it was more of a generality, not necessarily sex. But for the past few months I have been making an effort to kiss him when I get home and just at random times throughout the day, but he has always kinda seemed reluctant.. And I've tried to be more affirming verbally too.
He has not come to me with any of this or tried to have any sort of conversation prior to this. He literally just told me today "I don't know if I can get married". We've been engaged for over a year now. Honeymoon is all booked, planning is pretty much all done. Also to add that I've paid for the majority of the wedding and the honeymoon.
I truly don't know what to do. I asked him if he wanted this to be a conversation or if he was telling me as he's already made a decision. He said he didn't really have any thoughts right now, he's been stressing over it for so long and hasn't been sleeping. And that he has been doing reading and that these two issues are the biggest leading causes for divorce. I am just speechless and at a loss...

I have a balance of $40k to pay off on my credit card. I know what the money was spent on but the interest will kill me. What is better, getting a 0% interest credit card or getting a debt consolidation loan?
I could pay it off but I am selling a home and need to cash for some repairs before I sell.

Hello all! First time 27/F home-buyer here. I’ve been pre-approved for a conventional loan w/ a decent first time home buyer grant. I have a question regarding something I wanted to try when purchasing a home.
Question: Is it ethical/legal/okay to offer current tenants of a home (as a buyer) to move out early for compensation when I am on a conventional loan that is not allowed for me to purchase an income property? Lender said to “just handle it separately” (outside of contract) and “not tell him the details” …. Thoughts?? I am a very risk-adverse individual (who has extreme catholic guilt) and would love educated real estate opinions.
Background: I found a property that I absolutely love (close to family, commuting & shopping) that is practically turn key, but the caveat is that it currently has tenants (family of 6, lived there for 3 years) and will until 12/31/2024 (my ideal move in time frame is 10/2024 when my current lease is up). It was on the market for 90 days, but right before I could tour the property, the seller pulled it off the market. He said that he didn’t want to keep bothering his tenants when a lot of people in the area aren’t able to buy income properties. My realtor was able to convince the listing agent to allow us to the view the space since we had initiated interest and it was still everything that I wanted in the home, and appeared to be well taken care of. This also means we were likely the last to see the property. The problem still comes down to the fact that it would be an income property if/when we go under contract. This prompted the idea of “would the tenants be interested in moving out early for some cash in their pocket?” - my realtor and I ran it by my lender and he said what you saw above; don’t tell him, and leave it out of the official paperwork and handle it as an individual transaction….thoughts??
We pitched a fair offer, asking for closing costs covered & garnered a separate document inquiring if the tenants would be open to such a transaction. Listing agent responded with, “Spoke to seller, I think we have something good going here. Seller needs to check with tenant before we can provide an official response.”
I’m not sure if I left anything out, so if you have any questions feel free to ask.

Just got pre-approved for a home in OC, California. $900k purchase price, 20% down. It's a new build townhome. The builder's preferred lender quoted us on the following and, given I am new to the process, not sure if this is "good" or "bad". Using the preferred lender gives us ~$25k in cost incentives (can be used towards closing, first year HOA prepayment, excess towards paying down loan) Hopefully someone can help a first time homebuyer!
30-year fixed:
Loan amount of $719.2k
Interest Rate 7.250%
7/1 ARM:
Loan amount: $719.2k
Interest rate: 6.875%
I haven't received origination costs, or other costs, but what other questions should I be asking? Any thoughts on the initial term? Thanks for any help!

Hello all! First time 27/F home-buyer here. I’ve been pre-approved for a conventional loan w/ a decent first time home buyer grant. I have a question regarding something I wanted to try when purchasing a home.
Question: Is it ethical/legal/okay to offer current tenants of a home (as a buyer) to move out early for compensation when I am on a conventional loan that is not allowed for me to purchase an income property? Lender said to “just handle it separately” (outside of contract) and “not tell him the details” …. Thoughts?? I am a very risk-adverse individual (who has extreme catholic guilt) and would love educated real estate opinions.
Background: I found a property that I absolutely love (close to family, commuting & shopping) that is practically turn key, but the caveat is that it currently has tenants (family of 6, lived there for 3 years) and will until 12/31/2024 (my ideal move in time frame is 10/2024 when my current lease is up). It was on the market for 90 days, but right before I could tour the property, the seller pulled it off the market. He said that he didn’t want to keep bothering his tenants when a lot of people in the area aren’t able to buy income properties. My realtor was able to convince the listing agent to allow us to the view the space since we had initiated interest and it was still everything that I wanted in the home, and appeared to be well taken care of. This also means we were likely the last to see the property. The problem still comes down to the fact that it would be an income property if/when we go under contract. This prompted the idea of “would the tenants be interested in moving out early for some cash in their pocket?” - my realtor and I ran it by my lender and he said what you saw above; don’t tell him, and leave it out of the official paperwork and handle it as an individual transaction….thoughts??
We pitched a fair offer, asking for closing costs covered & garnered a separate document inquiring if the tenants would be open to such a transaction. Listing agent responded with, “Spoke to seller, I think we have something good going here. Seller needs to check with tenant before we can provide an official response.”
I’m not sure if I left anything out, so if you have any questions feel free to ask.

Hello, sorry if I'm posting in the wrong thread but I don't have anywhere else to go. I don't know if I'm reading the situation wrong/if I'm the crazy exaggerator so here I wanted an outside opinion.
For context, me and my sister were raised by my single mom, who is also an immigrant. My sister has classified my mom as a narcissist and an abuser, and I would definitely agree that she has narcissistic tendencies, they're pretty much in line with the "immigrant parent" experience and although the abuse has lessened with age.
My sister was pretty much the scapegoat and I was the golden child 80% of the time; the only time I was "the problem" was when social issues were involved as I was very much autistic+ADD and had no idea how to relate to others, so I was bullied and blamed for it. My sister has ADHD and was terrible at school, which is where a lot of my mom's anger towards her came from. She's very bitter about the majority of our childhood, which I understand; there are things that happened that I will also simply never recover from, even with therapy.
My sister is bubbly, charismatic, and very empathetic. I can't stress that enough; everyone loves her. She's friends with random people in our neighborhood, she talks to and befriends homeless people, and is training to be a social worker. She has many close friends and talks to them all day and night. Our relationship was pretty rocky when we were kids, and I can't say that we're as close as some siblings are, but I always thought our relationship was okay. My mom would sometimes complain that we were against her, but I think she was just frustrated that we wouldn't turn on each other easily. However, I did start to notice a few things about my sisters behavior that is concerning me.

• She has a victim complex/hard time doing anything important by herself, but only when I'm available to help/do it for her.

I think this is a consequence of her never being trusted to do things as a child, but I thought she would attempt to get better with age. Nope. She would ask me to fill out her student loan and passport forms, saying that she was scared to get things wrong. When I would try to get her to do it herself, she would get upset with me and call me selfish. She says that this is because she feels that she is not smart enough to do anything bc of her childhood; fair, but she's 22 now, so I think she should try to help herself out and try to build confidence. She now pays her friends to fill out forms for her; one of them is actually being paid to apply for graduate programs for her. Any mention of this makes her talk about how badly she was treated as a kid and how its lead to her being so scared of doing anything, so OF COURSE she needs help 24/7.
But at the same time, she goes out of her way to help other people with their paperwork; she even helped a coworker get into grant/loan program for university, and that paperwork was 10 times harder than what she has to fill out. It's very confusing, it makes me feel like she does these things so people like her.

• She hates responsibility.
  I feel like this is her being self aware that she's sort of useless. For example; she doesn't have a credit card, and just uses my moms/mine and pays us back at the end of the month. Recently, I asked her to stop using my credit card since she kept forgetting to pay me the right amount. She also had this habit of using my card as a form of revenge against me if I forgot to pick up her things during my grocery run (she can't drive). She would also threaten to use my card if I didn't do things for her (she said it was a joke, but it rubbed me the wrong way). Anyway, she got upset and said she needed my card for emergencies. I asked why she didn't just apply for a credit card. She said she was unsure if she would be responsible enough to manage a credit cards and make payments on time. But...she felt comfortable using MY card? The one that I have to manage and make sure payments are made on time? I explained how worrisome that was and she just told me I was crazy and controlling.
  

This has also steeped into how she approaches things like deadlines. She missed a deadline for a grant she really needed (twice) and spent an entire week emailing the grant team asking them to accept her application, and then emailing their bosses when they refused. Whenever she's rejected from graduate programs she's always confused and says she should've gotten in, even though there are some clear deficits in her applications.

• She is always telling me how bad of a person I am when I don't do as she says. Like, morally.

A good example I can think of is that she asked me to chip in $23 for her friends birthday; I was confused why I had to pay since the girl wasn't MY friend. My sister argued that since I had talked to her and liked her, this made us friends, and friends contribute to birthdays. She also said if I backed out then she would have to split my part over other people who I would consider to be my friends and that those friends were in tight financial situations, so I would be a shitty person for making them pay extra. I still refused to pay; this really had nothing to do with me. She just looked at me and said that she was surprised that I was such a shitty person. There are similar stories to this; whenever she wants me to do something and I refuse, she makes me out to be a horrible person. Not in a yelling/screaming way; she just comments "oh, never knew you were that shitty" and keeps it up for however long it is until I do the thing she asked for. for some reason I never really saw them as weird until I brought it up with some friends and they said that was messed up.

• She makes fun of/belittles me in front of her friends constantly, but gets upset when I do it back.

^pretty self explanatory. a lot of my sisters friends really like me; I think they see me as a big sister, and a lot of them are in similar situations/career paths as me. They're all very nice. My sister and I are very snarky towards each other, but she is especially mean to me in front of her friends. I'm not 100% sure what she says either; she tries her best to make sure I'm not around much when she's talking to her friends, going out of her way to make sure to exclude me from any plans she makes even when her friends want me to come. She also enjoys rubbing the fact she has friends/plans that I can't join in my face. I'm usually quite busy so it doesn't bother me much, but I have noticed it. she also tends to try and be mean to me in front of them as a joke, but if I snap back I can tell that she gets upset about it. She's asked me to not call her things like stupid in front of her friends (fair, she can be super sensitive about that), but has told many of them about my ASD without my permission (she only asked when they let it slip that they knew). So that's weird.

• she is always switching up the narrative.

this is the thing that makes me feel INSANE. she is always telling me how horrible she has it at home and how much our mom hates her, and how I will never understand how it feels to be her so it's unfair when I call her out on things like not doing chores (like she does to me) because she will always be scolded more harshly than I will be. that's fine, a little grace is fine, but then she'll just outright lie about how "great" she is. For example, in the summer my mother was gone, so we split the chores in the house. I work a lot on weekdays, so she was to take care of general upkeep, and I would do the heavy chores (taking laundry to the laundromat, cooking in bulk for the week, mopping and vacuuming the apartment) on the weekend. I noticed that she would often not be the best at this, but as long as I could fix it on the weekend it was fine. But if I ever messed up, she would be merciless; she refused to wash the dishes for a whole week because I couldn't do them on Sunday since I had extra errands to run that weekend. I brought this up to her and she said we split the chores and that was that. I pointed out that she wasn't keeping her end of the bargain either, but she told me she was simply too busy to keep up with all the work she was being given and that the chore split was unfair anyway. I didn't really know how to deal with that so I dropped it.

• She sets boundaries, but I can't.

There are more issues but I will leave it at this one for last. She has always been very vocal about setting boundaries with me and my mom. For example, we can't give her chores last minute or it messes up her schedule (even if she's doing nothing). She's also really big on talking issues out, but usually the talk just keeps going until we agree with whatever she's saying. Personally, I am the type of person who gets really short and petty when I'm angry, so its not a good idea to talk to me. She will INSIST on talking to me even when I want to shut the conversation down and say my refusal to talk is just proof that she's right and I'm wrong. But if I talk, the conversation will just repeat itself until she gets the answer she wants out of me. She's very good with therapy-speech as well; to be honest, she always sounds condescending when she argues with me or my mom even though she says I'm just projecting. I could be, but I don't hear it when she's arguing with her friends or in online classes.
I'm probably being very one sided here, but whenever I think about some of these issues it just reminds me of my mom in a way. I've survived my mom by just nodding along and waiting for the storm to blow over, but my sisters actions are much more annoying to me for some reason. If anyone has any input it would be appreciated. I don't want to think I'm living with 2 narcissists; maybe I'm actually the problem. because of my ASD I find it very hard to communicate my feelings and I tend to shut up or become very mean and short at random times. I try my best but I do need to work on using my words and making sure they can't be used against me.

Hello all! First time 27/F home-buyer here. I’ve been pre-approved for a conventional loan w/ a decent first time home buyer grant. I have a question regarding something I wanted to try when purchasing a home.
Question: Is it ethical/legal/okay to offer current tenants of a home (as a buyer) to move out early for compensation when I am on a conventional loan that is not allowed for me to purchase an income property? Lender said to “just handle it separately” (outside of contract) and “not tell him the details” …. Thoughts?? I am a very risk-adverse individual (who has extreme catholic guilt) and would love educated real estate opinions.
Background: I found a property that I absolutely love (close to family, commuting & shopping) that is practically turn key, but the caveat is that it currently has tenants (family of 6, lived there for 3 years) and will until 12/31/2024 (my ideal move in time frame is 10/2024 when my current lease is up). It was on the market for 90 days, but right before I could tour the property, the seller pulled it off the market. He said that he didn’t want to keep bothering his tenants when a lot of people in the area aren’t able to buy income properties. My realtor was able to convince the listing agent to allow us to the view the space since we had initiated interest and it was still everything that I wanted in the home, and appeared to be well taken care of. This also means we were likely the last to see the property. The problem still comes down to the fact that it would be an income property if/when we go under contract. This prompted the idea of “would the tenants be interested in moving out early for some cash in their pocket?” - my realtor and I ran it by my lender and he said what you saw above; don’t tell him, and leave it out of the official paperwork and handle it as an individual transaction….thoughts??
We pitched a fair offer, asking for closing costs covered & garnered a separate document inquiring if the tenants would be open to such a transaction. Listing agent responded with, “Spoke to seller, I think we have something good going here. Seller needs to check with tenant before we can provide an official response.”
I’m not sure if I left anything out, so if you have any questions feel free to ask.

Good morning po, First time namin na mag apply ng home loan and we were offered 7.5% interest rate sa chinabank. Kakaaapprove po ng loan namin after signing the documents tpos wala man lang heads up pagtingin namin sa amortization 8% na pala current rate nila. Would like to know po ba if responsibility po ba ng banko sana na sabihan kmi ahead of time kung ano yung actual rate before releasing yung 1st part ng loan?

Hi everyone, I just joined and am looking for advice on how to pay off my 40k in loans. I just graduated this month and am still on the search for a job in this awful market. I have been hit with the anxiety of debt already and just want to hear peoples experiences and any advice you have on how to relieve the anxiety but also where to start on repayment since I honestly don’t know much. My family is more than willing to allow me to live at home without paying rent even when I get a job, although I want to help with bills I don’t believe I will have much to pay. I want to get my loans out of the way in max 2 years. I am willing to sacrifice A LOT to get my loans paid off. I don’t know what my estimated salary will be but I am aiming for 65k. Is this possible, please let me know! All loans are federal btw interest ranging from 2.75%-5%. I do have parent student loans in my dads name but I want to pay them off myself, the interest on those are a bit high to believe at 8-10%. How hardcore do I have to go to pay these off in two years and would it be possible to pay them off in less? Thanks

I was laid off in October '23 and have severance through August. I have $13k in credit card debt and my wife has $7k. I was also hit head on in an accident at the start of April, which totaled my car. I used the settlement from that accident to make a substantial down payment on a new car and refinanced our other car to cut the payments on that in half. My biggest concern is not just our credit card debt, but also repairs needed for our house.
We're paying approx. $1200 for our mortgage and another $700 in minimums for our credit cards. I'm worried that if I can't find a job then we'll have too much to pay for, not to mention a house that is going to need some repairs. So I started looking into a personal loan to consolidate our credit card debt to get a lower rate and lower monthly payment. Despite having a good credit score, I've been denied on those because the amount of the loan exceeds my debt.
Then I was approached by another company offering a HELOC to cover the $20k of debt, plus an additional $15k for our home, with a monthly payment of $550 if we take the whole thing, If we roll the $15k back in to use for later, then the monthly payment is just over $300. My concern and my wife's concern is if we do that, I can't find a job, and we can't afford that extra payment then we wouldn't even be able to fall back on a BK because we would lose our house.
Then my mortgage company calls right after I talk to the other company about the HELOC. My mortgage company offers a refi to cover our $20k in debt, plus a $19,500 cash out, and our mortgage payment would be $1750. So essentially the same situation payment wise as the other option, but with a larger cash out for the house. The concern there is that we could pay off our debt in 5 years or less with the other option, if I find a new job soon, but with the refi option, we're stuck with this mortgage payment that's $550 more. Even with another refi should interest rates drop, our monthly payment isn't going to go down that much. The only upside is that we'd be able to replace our roof, windows, and have enough for some other repairs.
My wife is extremely concerned with both options and thinks I should lean towards a BK. With a BK though, we're going to be stuck in this house and despite all of my history here, I really don't like the house. I'm 43. I would be looking at this thing staying on my record until I'm in my 50s. That feels...awful. I really don't want to do that unless it's a last resort.
Does anyone have any input or feedback on these options? I feel so stuck.

TW: Violence, Suicide, Abuse I’m a transgender man, and like the title says my family and I are estranged because I’m transgender. From my extended family: I’ve been told to kill myself, I’ve been called every name (read as slur) in the book, I’ve been told that they want nothing to do with me and that I’m no longer a part of the family. This happened 6 almost 7 years ago, and what hurts the most is that my mother never defended me, her son, when her family members whom I was never close with said all these vile things to and about me. She told me that I need to move on. They never apologized for these evil things they said to me. I have 5 siblings, with the youngest 2 being twin girls who are over a decade younger than me. I was at the hospital with my mom when they were born. I was a kid, and I was expected to make all of their beginning of life decisions because our father was useless. I would come home from school and take care of them, because my mother had PPD. She took them away from me. She said I was a bad influence on them and she took them away from me. They are my first children. I raised them from birth until my mother took them from me. I postponed my college at 17 because my mother told me that her and all my siblings would be homeless if I didn’t financially contribute to the household. I paid all the bills, I made more at my job than she did at hers. Anything they needed they came to me for. I never could save any money because someone always needed something financially and I was the person to make it happen. My credit is ruined from my mother pressuring me to take out loans I couldn’t afford to pay for things for her and my siblings. I did everything I thought a good older sibling should do. And she took them away from me because I asked her to call me a different name. She turned them against me. They told me they hated me for being transgender. None of my other siblings will talk to me. Our relationships all died the day I started my transition. My father and I don’t speak. His stepdaughter called me disgusting slurs and I asked him to talk to her, he defended her actions and told me to toughen up because the world will never be nice to people like me. I don’t expect the world to be nice, I expected the family I had to be supportive. I don’t have a family anymore. I have few friends, and I genuinely feel like they’re tired of me. I left an abusive relationship a year ago and have been homeless since. My blood “family” knows that, but they don’t care what happens to me. They don’t care that the winter was freezing and that the summer will be scorching. They don’t care that I’m trying to pick up the pieces of my life and just want their love and support. They don’t care about me at all, because I decided to be true to myself and stop hating myself. I attempted suicide several times before starting my transition, I told my mother if she wanted me to live then this is what needed to happen. And she chose to actively mourn her daughter instead of loving her son. When I changed my name legally, my mother told me I killed her daughter. I’ll never have a family again, and it hurts so bad.

I’m looking at buying a 2013 scion tc release 8.0 with 60k miles on it it’s selling for 11,998$ I have the cash ready but would putting down like 2-4k on it and financing the rest help my credit score in any way?im currently sitting at 765 with no prior car loans(only credit cards)and im 25 I’m just trying to see if this would help me in the long run buying a home or financing another more expensive car or should I just straight buy it?

We went under contract back in March to sell our home subject 2 with a wrap. after some investigating I have confirmed our lender will accelerate our loan if we proceed with the sub2 I have notified the seller we can not proceed due to this & other reasons They are now threatening to sue us over breach of contract. If we are unable to perform and refuse to seller finance the property what recourse does the buyer have?

I rent one of six rooms from a private landlord. Back in a October 2023 I lost my job and I got an attorney to help fight that - the attorney was referred by my landlord. My landlord even helped me out with a small loan to pay the attorney at the time. It was a struggle until I got a new job a couple of months later. I went from owing my landlord over $2,200.00 (rent and loan) do about $900. This includes the revolving rent. I am on a month to month per the original lease agreement. I get home from work today to discover all the house locks and my bedroom lock have been changed and my fellow tenants were instructed to call the police if I show up. I have a bench warrant for a separate incident that will be cleared up tomorrow. If I call the police I'm assuming I'll be the one getting arrested per the warrant. Does this mean, at least for tonight I am either locked out of my place or locked up til I see the judge. The landlord has not responded to any phone calls, texts or emails.

I was laid off in October '23 and have severance through August. I have $13k in credit card debt and my wife has $7k. I was also hit head on in an accident at the start of April, which totaled my car. I used the settlement from that accident to make a substantial down payment on a new car and refinanced our other car to cut the payments on that in half. My biggest concern is not just our credit card debt, but also repairs needed for our house.
We're paying approx. $1200 for our mortgage and another $700 in minimums for our credit cards. I'm worried that if I can't find a job then we'll have too much to pay for, not to mention a house that is going to need some repairs. So I started looking into a personal loan to consolidate our credit card debt to get a lower rate and lower monthly payment. Despite having a good credit score, I've been denied on those because the amount of the loan exceeds my debt.
Then I was approached by another company offering a HELOC to cover the $20k of debt, plus an additional $15k for our home, with a monthly payment of $550 if we take the whole thing, If we roll the $15k back in to use for later, then the monthly payment is just over $300. My concern and my wife's concern is if we do that, I can't find a job, and we can't afford that extra payment then we wouldn't even be able to fall back on a BK because we would lose our house.
Then my mortgage company calls right after I talk to the other company about the HELOC. My mortgage company offers a refi to cover our $20k in debt, plus a $19,500 cash out, and our mortgage payment would be $1750. So essentially the same situation payment wise as the other option, but with a larger cash out for the house. The concern there is that we could pay off our debt in 5 years or less with the other option, if I find a new job soon, but with the refi option, we're stuck with this mortgage payment that's $550 more. Even with another refi should interest rates drop, our monthly payment isn't going to go down that much. The only upside is that we'd be able to replace our roof, windows, and have enough for some other repairs.
My wife is extremely concerned with both options and thinks I should lean towards a BK. With a BK though, we're going to be stuck in this house and despite all of my history here, I really don't like the house. I'm 43. I would be looking at this thing staying on my record until I'm in my 50s. That feels...awful. I really don't want to do that unless it's a last resort.
Does anyone have any input or feedback on these options? I feel so stuck.

“Friends make the good times better, and bad times easier”.
Happy Morning 🍀💐
Today's Headlines from :
Economic Times
📝 Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAs
📝 China overtakes US to become India’s top trading partner in FY24
📝 Piramal Group arm invests Rs 600 crore in microlender Annapurna Finance
📝 DLF to launch 11 million sq ft with revenue potential of Rs 36,000 crore in FY25
📝 Nayara Energy to set up two ethanol plants for ₹600 crore
📝 UPL to file DRHP shortly for raising up to $500 million
📝 Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
📝 EPFO extends auto claim settlement facility to education, marriage and housing advance
📝 Exim posts 62% rise in profits, to raise over Rs 60,000 crore from local markets this year
📝 India's retail inflation eases marginally to 11-month low of 4.83 per cent in April
📝 Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyout
Business Standard
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Financial Express
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Mint
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My parents will not have enough in retirement to sustain them long term. I come from a single income household and I estimate they will have roughly 300k in total savings by the time they retire in the next 5 years. They are not home owners. I’m starting my PCP job this fall (salaried at 240k plus RVU bonus) and have a sibling in tech (making 140k). More established physicians in my practice who have moved to RVU based salaries make >300k, I’ll move to that structure in 2 years. We’ve always known we’ll have to support our parents as they get older, what’s the best way to go about doing so? I was going to put away a certain amount of my salary into a HYSA dedicated to them and let it grow.
Additional details: -Sibling and I have partners who are also high earners. Our partners parents do not need any assistance with retirement. -I have student loans and hoping to PSLF. -We already help them with unexpected expenses and pay for family trips.

Just got wind of this subreddit so I thought I’d start out with getting everyone’s advice based on my situation. I would greatly appreciate it.
Backstory: 33yo. Wife & 2 kids. 3yo and 7mo. Bought a house 3 years ago for 430k @ 2.99% 30yr fixed. Currently payoff for loan is 380k and house is worth 520k.
We are currently remodeling it slowly, new floors, exterior upgrades, cabinets/countertops and bringing up to a more modern feel, it is quite dated.
Our goal is to purchase a higher QOL home in the near future, ideally keeping our existing home as a rental and to start paying off 2 mortgages.
In the last 3 years we have lived pretty comfortably and have just acquired $100k in liquid cash. Our issue is we have ZERO investments and our only debt is our mortgage (which is technically a +$140k)
We need to start doing something with our money, but I don’t want to miss out on an opportunity when interest rates drop to get into a larger, nicer home for my family and increase our QOL.
By the end of this year, I expect to have somewhere near $140k in liquid assets just sitting in our bank account. Our end goal is not necessary to stop working anytim but to
What would you guys do in my situation if the end goal is to raise my family with FI and eventually invest in methods of passive income to free up my time for family and eventually for mine and my wife’s own freedom?
Any input is greatly appreciated. I am expecting to hear how dumb it is for us to have 100k of liquid cash in our bank account.. lol.

The person in question is my dad’s ex. They invested money on a rehab house together as business partners after they split ways very messily which I warned him was a bad idea. she claims my dad didn’t pay 60,000 dollars in construction fees and legal fees and such. Non of this is debated. He did. He has receipts for most everything. He stopped working on the house because he wasn’t going to continue to pour in more money. He’s made all his monthly payments on the loan. However she won’t sign a deed of trust, ensuring he gets back his portion of the profit (50%) and the money he invested. The loan company will soon need the money payed back In full or they will foreclose on the house. This will ruin my dad’s credit, cost him 90k dollars of his own money. He’s not rich that’s probably 1/3 of all his assets and they could use our home as collateral. All she needs to do is sign a deed of trust but she won’t simply because she knows it will ruin him. She’s that type of person. He’s already had a lawyer for several months but legal processes move far too slow. So the loan will need to be payed long before the legal situation will be resolved. Is this just a lost cause? What’s the best course of action. I know it’s a stretch to ask for advice on a legal situation that is not my own because I don’t know all of the nuanced legal details.

If I buy a 2 family home (because I got pre approved for a higher loan for the 2 family's single fanily) and I am unable to rent out the rental unit for a year, am I able to write that off in taxes. Apartment buildings write off the rent for units they are unable to rent all the time. So, I was wondering that.

Has anyone refinanced there va home loan? I saw that some banks say they don't check credit and fast stream line VA IRRRL. Did you have to pay closing cost. Please share your experience. This is my first home and would like to get the interest rate down. I have never refinanced. Please help me make good decisions.