| Author | Message | ||
     Politricks Hero Username: Politricks Post Number: 15164 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Yes it is HIGHCROFT...320K Base + LOT Premium oka 10K + Options kalipi 385K avuthondi and 3150 SQ FT....OK naa? Am I spending a bit more in the area? Waiting for a good one.. | ||
| Bobby Junior Artist Username: Bobby Post Number: 126 Registered: 04-2008 Posted From: 93.93.72.98 Rating: N/A |
Simba bro what is the 1%(points) paying in advance and locking the rate? at the time of closing if you are not going with the lender who locked the rate, why they will give back the advance ?? and also ee points concepts koncham numbers tho cheppava? points pay cheste interest rate tagundhi antaru?? | ||
| Politricks Hero Username: Politricks Post Number: 15163 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
PULTE vaadu agent ni pattuku rammannadu Contract signing ki! Waiting for a good one.. | ||
| Politricks Hero Username: Politricks Post Number: 15162 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Nenu chesthondi ade brother...I shopped myself but aa 1.5% yedo osthadi adi REALTOR ni add chesthunna...otherwise no involvement in any decisions! Waiting for a good one.. | ||
| Andhrawala Megastar Username: Andhrawala Post Number: 25884 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Oka illu kontaanu ani cheppi advance icchekaa u can backout and by law they have to give ur deposit back But Custom Homes building ki konchem differenet gaa vundocchemoo No Signature | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 41347 Registered: 02-2008 Rating: N/A |
Loan approve kaaka pothey, ekkadainaa deposit return ivvaalsindhay gaa? ignore spam. | ||
| Andhrawala Megastar Username: Andhrawala Post Number: 25882 Registered: 03-2008 Posted From: 71.65.232.134 Rating: N/A |
Poli brother where did u sign up this new house? West Cary ?? Is it High Croft Unless it is custom home, my guess u can walk out anytime before the the closing also as per NC law, they are obligated to give ur deposit back No Signature | ||
| Netra Megastar Username: Netra Post Number: 24004 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
lol.. eeda denxxkeyyi antaaru builders bargain anna kooda.. ala undhi situation.. YSR AMAR RAHE | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 41340 Registered: 02-2008 Rating: N/A |
possible. Virginia/calif laanti areas lo, monday morning booking openings ki, friday night nunchi waiting anta, so atuvanti situations lo, aadu obvious gaa light antaademo. maa indiana/kentttaakkky areas lo, vaaday 5 times call chesthey gaani, memu sign cheyyamu. lol ignore spam. | ||
| Netra Megastar Username: Netra Post Number: 24003 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
i don't know about other areas.. but in Bay area nenu sign cheseppudu contract time ayina parledhu kaani ippudaithe you have to take your agent at the time of visiting the new construction... YSR AMAR RAHE | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 41339 Registered: 02-2008 Rating: N/A |
not neccessary they dont care ignore spam. | ||
| Maverick Legend Username: Maverick Post Number: 47182 Registered: 01-2008 Posted From: 70.39.231.189 Rating: N/A |
congrats poli | ||
| Maverick Legend Username: Maverick Post Number: 47181 Registered: 01-2008 Posted From: 70.39.231.189 Rating: N/A |
 | ||
| Simba Hero Username: Simba Post Number: 12813 Registered: 02-2008 Posted From: 24.188.111.221 Rating: N/A |
news to me. apparently I am not desi enough to take advantage of loopholes. | ||
| Netra Megastar Username: Netra Post Number: 24002 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
mostly andharu chesttaru kaani you need take your agent at the time of signing the contract YSR AMAR RAHE | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 41336 Registered: 02-2008 Rating: N/A |
off topic (this is how many desi's do) you dont need an agent to buy/sign a new home. But, at the time of actual signing in say april/may, take an Indian agent/realtor as your representative. they have seperate account to pay these agents. vaaditho 50-50 set chesukuntay...you will get around 6K, for a 400K home (agent will get 3% commission) ignore spam. | ||
| Simba Hero Username: Simba Post Number: 12812 Registered: 02-2008 Posted From: 24.188.111.221 Rating: N/A |
pani lo pani.. evarikaina doubts unte adigeseyyandi...  http://www.youtube.com/watch?v=r18noo_rGyA&t=0m44s | ||
| Rajusk Megastar Username: Rajusk Post Number: 27624 Registered: 02-2008 Posted From: 172.56.37.210 Rating: N/A |
Ccdb rocks any day.. Garbhadaana samskaram nunchi Grihapravesam advice daaka anni free.. with personal touch !!! | ||
| Politricks Hero Username: Politricks Post Number: 15161 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Simba Thanks bedar this helps when I go talk to them...I will consolidate these points and move forward! Waiting for a good one.. | ||
| Simba Hero Username: Simba Post Number: 12811 Registered: 02-2008 Posted From: 24.188.111.221 Rating: N/A |
That is typical to new houses. You are not obligated to take mortgage thru builder. I paid 10% down to lock and signed the contract. Since the construction process was going to take 10 months, I paid 1% (points) to the builder-backed mortgage to lock in the rate for 1 year and assurance that I can get rest of the loan. I had to pay additional 5% down to the builder during the construction (6 months down). At the completion, the rates were lower than previous year. So, I went out for mortgage shopping and found better rate with no points. Builder's mortgage returned me the 1% I paid at closing. Though I lent the builder 1% at no interest, it was safe gourd against future instability. | ||
| Politricks Hero Username: Politricks Post Number: 15160 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Mari deeniki vaadiki 45 days deniko...I will find out! Waiting for a good one.. | ||
| Sashasaurav Side Hero Username: Sashasaurav Post Number: 9694 Registered: 01-2009 Posted From: 76.187.75.209 Rating: N/A |
Yep location change anthe To Muddam Avunu aadu kavalsi vacchi M pattukonaaru 2009 lo .. Malli ee saari em pattukontaaru , alaa pattukonte Muddam vacchi em pattukontaadu ikkadaa | ||
| Sashasaurav Side Hero Username: Sashasaurav Post Number: 9693 Registered: 01-2009 Posted From: 76.187.75.209 Rating: N/A |
Mostly undadu annai .. Endukante ippudu apprval ante he is locking ur rate in 8 months advance .. intha down time lo antha mundu lock cheyyaru anukontaa .. naa daani type ee ayyi untadhi .. like pre approve and final approval before closing To Muddam Avunu aadu kavalsi vacchi M pattukonaaru 2009 lo .. Malli ee saari em pattukontaaru , alaa pattukonte Muddam vacchi em pattukontaadu ikkadaa | ||
| Saint Megastar Username: Saint Post Number: 23968 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
naako million dollar home vunna friend vunnadu ani nee gurunchi garvam ga seppukunta baa..  | ||
| Saint Megastar Username: Saint Post Number: 23965 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
manchide kada..padaga chesukoo...maa vaadu oka 550k petti konnadu ..ipppudu price > 750k antunnadu...thats mommy...dabbunna valla daggirake dabbu elthadi antaniki intha kanna nidarsanam emundi? | ||
| Politricks Hero Username: Politricks Post Number: 15159 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Idi Pre Approval kaadu...this is like LOAN APPROVAL...kakapothe as gap between approval and handing over house near 7-8 months...they will one last time check paystubs and that last few months bank statements before OFFICIALLY approving anukunta...I will find out once again! Waiting for a good one.. | ||
| Saint Megastar Username: Saint Post Number: 23964 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
bay area lo levu kada? oh! location change ayyava? nenu move ipoyav emo anukunna.. | ||
| Netra Megastar Username: Netra Post Number: 24001 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
thats mommy gerri goddu periginattu peruguthondhi baa.. ayina konesttunnaru dhanamma illulu.. YSR AMAR RAHE | ||
| Sashasaurav Side Hero Username: Sashasaurav Post Number: 9692 Registered: 01-2009 Posted From: 76.187.75.209 Rating: N/A |
Idhi nenu eppudu vadilesaaa .. Still @ Apple .. To Muddam Avunu aadu kavalsi vacchi M pattukonaaru 2009 lo .. Malli ee saari em pattukontaaru , alaa pattukonte Muddam vacchi em pattukontaadu ikkadaa | ||
| Netra Megastar Username: Netra Post Number: 24000 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
any thing try to put 20% or if you can get HELOC go for it and put only 10%.. slow gaa 1 or 2 yrs lo HELOC teesesedhhi if you want.. initial burden tagginchukovachhu.. brand new home ante there will be little work even you choose options.. LOAN teesukoneppudu matuku check all different options and find out the best loan officer who can educate you on different plans.. tarvaatha decide cheyyandi.. YSR AMAR RAHE | ||
| Politricks Hero Username: Politricks Post Number: 15158 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Antha inti ki 10K ante OK bedar....veedu 385K ki 30K teesukuntunnadu! Waiting for a good one.. | ||
| Netra Megastar Username: Netra Post Number: 23998 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
idhendhi asalaki.. ippude rate lock chesttunnara?? ippudu lock chesi loan approved ante inka malla appatiki emi choodaru anukuntaa.. normal gaa new houses will go with pre approval.. ala kaakundaa full process ante it might be complete process emo.. inka detailed gaa adagandi vallani why exactly 45 days for pre-approval ani.. pre-approval will take hardly hours.. YSR AMAR RAHE | ||
| Politricks Hero Username: Politricks Post Number: 15157 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Thanks bedar...this will be good if they come into picture and get us loan if something untoward happens! Nenu anukovatam nenu unna county lo 290K kanna yekkuva loan teesukunte CONVENTIONAL ki povali nenu... Waiting for a good one.. | ||
| Saint Megastar Username: Saint Post Number: 23959 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
Millionaire.. konnappuud 800K ..ipppudu 1.2M range... avunu nuvvu enduku apple vadilesi ellav brother? | ||
| Politricks Hero Username: Politricks Post Number: 15156 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Simple gaa adugutha...Nenu 30K advance gaa isthunna builder ki...vaadu 45 days lo LOAN APPROVAL process if rejected will payback that 30K and if approved will proceed with construction antunnadu... Now, asalu illu mana chethki MAY-JUNE lo osthadi...appudu kada mana finances, job chusi LOAN APPROVE chesedi...appudu yegirithe mana ADVANCE yegirinatta ani aduguthunna! Waiting for a good one.. | ||
| Netra Megastar Username: Netra Post Number: 23997 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
naa down payment ee 10% chesaa and remianing 10% i used HELOC (idhi naa PMI avoid chesindhi).. may be ee 5-6 months lo change ayyindhemo don't know.. YSR AMAR RAHE | ||
| Sashasaurav Side Hero Username: Sashasaurav Post Number: 9691 Registered: 01-2009 Posted From: 76.187.75.209 Rating: N/A |
 To Muddam Avunu aadu kavalsi vacchi M pattukonaaru 2009 lo .. Malli ee saari em pattukontaaru , alaa pattukonte Muddam vacchi em pattukontaadu ikkadaa | ||
| Sashasaurav Side Hero Username: Sashasaurav Post Number: 9690 Registered: 01-2009 Posted From: 76.187.75.209 Rating: N/A |
Idhi naaku telisi ippudu very common for a new construction ... To Muddam Avunu aadu kavalsi vacchi M pattukonaaru 2009 lo .. Malli ee saari em pattukontaaru , alaa pattukonte Muddam vacchi em pattukontaadu ikkadaa | ||
| Netra Megastar Username: Netra Post Number: 23996 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
this one is ~800K house with options.. YSR AMAR RAHE | ||
| Netra Megastar Username: Netra Post Number: 23995 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
Loan approve chesettu choosttaru atleast FHA... builders ke loan department untundhi.. inka loan raakunda povadam anedhi very rare.. asala loan ee approval kaakunte i think they will return money.. YSR AMAR RAHE | ||
| Jp_rocks Moderator Username: Jp_rocks Post Number: 16309 Registered: 06-2009 Rating: N/A |
hahahahahahahaha anyways poli mama, koddi variety ga ne undi ee process..may be new house buying process inthe emo.. sorry couldnt be of much help | ||
| Politricks Hero Username: Politricks Post Number: 15155 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
TI mama Builder is PULTE and house is 385K with options! Waiting for a good one.. | ||
| Netra Megastar Username: Netra Post Number: 23994 Registered: 01-2008 Posted From: 69.53.237.65 Rating: N/A |
Bayarea lo nenu 10K petta to lock the new construction.. theda vastte aa dabbe poddi like backout.. loan approval anedhi kaakundaa povadam very rare.. builders try to get to FHA atleast (conditions applied anukondi).. illu completion ki 45 days mundhu chepparu naaku closing date and then my loan officer picture loki vachhi naaku edhi kaavalo adhi ippinchadu loan before closing date. ee 10% before knowing lock date first time intunna.. nenu 4 communities same way lo execute avvadam choosa... YSR AMAR RAHE | ||
| True_indian Side Hero Username: True_indian Post Number: 8890 Registered: 01-2008 Posted From: 75.190.168.32 Rating: N/A |
How big is the builder, i went with Shea, they asked 5% Toll and Weeland ask for 10% since you said cary, so i am thinking 300-350k, 30K might be high but if the price is 500k then you are in correct down payment usually they dont if you dont get loan but depends on the builder i had friends who had issues with general loans and builder gave them in house loan It was pulte .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
| Linkmaster Legend Username: Linkmaster Post Number: 38949 Registered: 02-2008 Posted From: 149.128.8.245 Rating: N/A |
Poli maama, quick question ani bharatham raasaav.. anyways, 1 quick question: did you attorney for this? You need one.. he is the best bet | ||
| Politricks Hero Username: Politricks Post Number: 15154 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
So, in what circumstances they will return that money? Asala return cheyaru aa if loan is not approved? Waiting for a good one.. | ||
| Politricks Hero Username: Politricks Post Number: 15153 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
Yeah...ilanti worry ne naadi! Say, mana time baagoka ade time lo job yedo ayi finances teda kotti vaadu loan approve cheyaka pothe builder yela chusthadu danni anedi worry! Mana 30K gayaab aa appudu anedi naa worry! Adi kuda vaadu mana ni safe gaurd chese clauses yevi pettadu yemo ani naa worry! Meeru TOLL BROTHERS sign chesina contract lo yevanna mana ni safe gaurd chese la clauses pettada? Waiting for a good one.. | ||
| Politricks Hero Username: Politricks Post Number: 15152 Registered: 03-2008 Posted From: 198.204.141.208 Rating: N/A |
TI mama I am talking NC not VA...I moved to CARY NC kada! Waiting for a good one.. | ||
| True_indian Side Hero Username: True_indian Post Number: 8889 Registered: 01-2008 Posted From: 75.190.168.32 Rating: N/A |
its common In VA, NJ and california its more than common to put 10% down and some times more based on the demand 30k ante cheap, usually VA lo 50-75k untundi .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
| Sashasaurav Side Hero Username: Sashasaurav Post Number: 9689 Registered: 01-2009 Posted From: 76.187.75.209 Rating: N/A |
Bhayya nenu Toll Brothers House sign chesaa .. He asked me to 10 % and the conditional loan is approved .. I have heard that once TB conditinally apprves and builds ur home .. They will be on the hook to give u a loan if something bad happens.. check with ur builder for those worse case scenarios To Muddam Avunu aadu kavalsi vacchi M pattukonaaru 2009 lo .. Malli ee saari em pattukontaaru , alaa pattukonte Muddam vacchi em pattukontaadu ikkadaa | ||
| Botsa_fan Junior Artist Username: Botsa_fan Post Number: 70 Registered: 07-2013 Posted From: 158.48.133.1 Rating: N/A |
meeku passion vuntey house construction lo diganadi.options selection lo chala opika vundali but it will be fun. | ||
| Botsa_fan Junior Artist Username: Botsa_fan Post Number: 69 Registered: 07-2013 Posted From: 158.48.133.1 Rating: N/A |
They will ask you to put 10% downpayment and later 10%/5% at the time of closing.meere bayapada vaddhu..meeku bank vadu loan isthadu. | ||
| Politricks Hero Username: Politricks Post Number: 15151 Registered: 03-2008 Posted From: 198.204.141.208 Rating: |
Nenu oka realtor new construction modalu peduthunnad ante vella and looking at a model decided to go with signing the contract. Monna weekend kurchoni BASE Price ki OPTIONS add sesi intha avuddi ani telcham! Now I need to sign a CONTRACT with the builder...than the process starts! The process is: 1) Sign the contract by paying 10K as Earnest Money and LOCK the LOT on us. 2) They will give all the paper work to fill or may ask to fill online for LOAN approval. 3) Within next 1 month I need to pay another 20K to them. 4) In 45 days they will take all the relevant documentation and APPROVE or REJECT the LOAN (Conditional Approval?) (IF my application is rejected they will pay back this 30K and no more discussion) From now on I need to wait while the construction progresses. So, by paying 30K I need to wait, wait and wait till MAY-JUNE when the house is handed over. I think meantime just before handing over the house one last time they will check my finances like last 6 months financial deals and THAT WOULD BE THE TIME REAL MORTGAGE APPROVAL happens! Asala tension ikkade undi...CONDITIONAL APPROVAL happens in next 45 days....than after 6-7 months they one final time check all our income etc (May request latest 2-3 paystubs than) and than APPROVE the LOAN. Ee time period lo...I mean ye MARCH, APRIL lono mana Udyogam Oodatamo leda inkedo problem ayi LOAN approve kaaledu ante paristhithi yenti? THEY SAID THEY WILL NOT PUT ANY CLAUSE AS TO WHAT CIRCUMSTANCES THIS 30K will be returned! They say they will work on case by case basis! IDI RISKY aa? Koddi tension gaa undi...Is it common to ask for that hefty ADVANCE payments? Mee INPUTS/EXPEREINCE cheppandi! Buying existing property may not have this risk factor but intlo vallu gola kotta illu ani...please let me know if I am entering any messy deal or is this common! Waiting for a good one.. |
