I’m picking up the new Longines Hydroconquest 39m today. I currently have the older version in the 41mm Auto I’m looking to get rid of. It’s in pretty good condition, what can I expect to get for this watch?
I’ve been trying to reset my password for my DraftKings account all day. Email is correct, cannot find it in my spam/ junk, been trying all day to get this email. My Gmail is getting every other email but this one. I even noticed that my previous emails from DraftKings are gone, and I’ve had the account for like 7 years now. Any help would be appreciated
Looking for opinions from people who have actually used Point or other home equity investment (HEI) products.
My situation:
Household income: $220,000/year
Home value: $600,000+
First mortgage balance: $242,000 @ 3.0%
HELOC balance: $48,000 @ around 5%
High interest Consumer debt + student loans: approximately $100,000
Credit scores took a beating over the last 2 years due to income loss/ medical issues in the household + high utilization/ missed payments. That is all sorted out now, trying to figure out how to claw back out this financial hole.
The frustrating part is that despite having substantial equity and enough income now to comfortably afford the payments by consolidating all debts. My credit score currently prevents me from qualifying for a traditional HELOC or home equity loan on favorable terms.
I've been looking at Point as a potential bridge solution. My thought process is to use Point HEI to pay off all debt leaving me with only a mortgage/ heloc payment + utilities
Improve monthly cash flow significantly (my monthly obligations would drop around 4-5k by clearing all debts.
Allow my credit scores to recover over the next 12 months, would probably shoot up to mid to high 700s
Exit the HEI after a year through a refinance, HELOC, home equity loan, or other favorable options
The reason I'm hesitant to do a cash-out refinance today is that I'd be giving up a 3% first mortgage, which seems like a terrible trade for around 7.325% + crazy fees/closing costs due to credit score. That’s what I was quoted recently
When I previously looked into Point, I thought there was a homeowner protection cap of around 17.5% after year one. If that's accurate, my thinking is that even if it costs me $15k-$20k to use the HEI for one year, it may still be worth it to preserve the 3% mortgage and eliminate the debt.
My questions:
Is the 17.5% figure truly a hard cap on what I'd owe after one year, or am I misunderstanding how Point calculates buyouts?
Example: 100k, I’d pay back 117.5k after one year?
Has anyone here actually exited a Point HEI after 12-24 months?
Were there any surprises in the payoff calculation?
Looking for honest feedback, especially from anyone who has gone through the process themselves