Boston POTN Meet (3)

Did you guys ever do a meet up?

Think you'll do another meet up sometime?

What type of photography do most of you do?

I'll reply when I feel it's worth it... don't want to fill your thread with junk

Seth

Yes.
Yes.
Weddings/RE.
Feel free to add your input and work from time to time please!

Bonecollector wrote in post #17884898
I'll reply when I feel it's worth it... don't want to fill your thread with junk

Surely, you've come across my posts about finances, jump ropes, health, snow tires... I think one topic I didn't take part in was about windows.

There is no junk, here

If you got your loan approved before Sept2013, you can call your bank and ask them to get rid of the PMI.

Conditions that were told to me from my bank was 80% or less on the house, payrmbts never late and no credit issues.

Bonecollector wrote in post #17884898
Did you guys ever do a meet up?

Think you'll do another meet up sometime?

What type of photography do most of you do?

I'll reply when I feel it's worth it... don't want to fill your thread with junk

Seth

I attended the meetup a year ago, and I am not sure if there were more since then. There have been various suggestions recently though.

I like shooting birds, and that's the reason for the 70D II and the 100-400 II, and also architecture - the reason behind a full frame 6D.

No junk, please write what you feel. We we are all friends here.

RHChan84 wrote in post #17884986
If you got your loan approved before Sept2013, you can call your bank and ask them to get rid of the PMI.

Conditions that were told to me from my bank was 80% or less on the house, payrmbts never late and no credit issues.

I think PMI goes away at 80% regardless of when the loan was approved.

Nathan wrote in post #17885153
I think PMI goes away at 80% regardless of when the loan was approved.

That was my understanding.. And if you are making extra payments towards the principle, then you could probably re-finance and just have that be the new payment, but cut down on the number of years which is basically what we did. You still save more money than doing a 30 year and making payments to the principle.

- Ken

I just don't want a higher mandated payment right now, even though I'm making the same payment voluntarily. If I'm tight one month for whatever reason, then I don't need to pay the extra amount.

Nathan wrote in post #17885153
I think PMI goes away at 80% regardless of when the loan was approved.

Yes, but not automatically. You have to request the PMI cancellation. Why would an insurance company turns down your payment voluntarily?

These are the federal laws on MI cancellation: https://www.law.cornel​l.edu/uscode/text/12/4​902

a) Borrower termination and b) automatic termination are defined by contract, so it depends on your lender. Most lenders require a borrower initiated cancellation at 80% in its terms, however th e Homeowners Protection Act requires an automatic termination at 78%.

Gosh durn it... I'm tens of thousands from 80%. That's gonna take a while. Maybe I should consider a re-appraisal in two or three summers to see if I can speed up the process.

I am still here….chime in every now and then. Haven't been shooting much unfortunately. 2 kids in college, the third next year….busy! In survival mode

I picked up a Mamiya 645 AFD. I'd like to shoot your portraits at some point if/when we all meet up.

sansational wrote in post #17886253
I picked up a Mamiya 645 AFD. I'd like to shoot your portraits at some point if/when we all meet up.

I have a Mamiya 645 in the lab at work that I am free to use at any time, with a 110mm lens. I used to take product photos got test reports before going to digital. It has a film and a Polaroid backs. I thought of getting a digital back for it, but it turned out to be prohibitively expensive, $10K - $20K. And I am not sure if I want to go back to film, let alone to Polaroids. So it just sits in the cabinet there.

Nathan wrote in post #17885660
These are the federal laws on MI cancellation: https://www.law.cornel​l.edu/uscode/text/12/4​902

a) Borrower termination and b) automatic termination are defined by contract, so it depends on your lender. Most lenders require a borrower initiated cancellation at 80% in its terms, however th e Homeowners Protection Act requires an automatic termination at 78%.

Gosh durn it... I'm tens of thousands from 80%. That's gonna take a while. Maybe I should consider a re-appraisal in two or three summers to see if I can speed up the process.

Anything after Sept2013, PMI cannot be removed unless you refinance. Nothing is every automatic especially when it comes to the bank making a buck.

Just because you owe tens of thousands, doesn't mean you don't qualify. Get your house appraised then compare to what you owe, if your within the 80%, the bank will remove PMI. It's all on what your house is valued at and what your currently owe and not what you paid for it.

RHChan84 wrote in post #17886477
Anything after Sept2013, PMI cannot be removed unless you refinance. Nothing is every automatic especially when it comes to the bank making a buck.

Where do you get that? 78% is by law unless you have an FHA loan.

I doubt my house has increased in value in 20 months such that we are at over 20%. Home prices are pretty flat in Randolph and mine's a split-level, which doesn't rise as quickly as your colonials.