| Author | Message | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7846 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
understood..but the economy can tolerate higher prices to a certain extent only, right?...once oil prices go over that threshold, it is going to have an impact on economy as consumer spending will go down eventually.
understood...but we are talking about interest rates in the context of housing market. higher interest rates will result in higher monthly payments, which will eventually drive out or downsize many prospective buyers. This will directly have an impact on housing values. | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1201 Registered: 09-2014 Posted From: 209.147.144.28 Rating: N/A |
The latter part of what you said it's correct but the relationship is not necessarily like that. It is complex but I'll try to give two examples to distinguish causality from correlation: 1. Crude oil is a key input to industrial production and it is also a key factor in transportation cost so low crude oil is undoubtedly good for the economy. However, if we conclude that high crude pprices are seen during bad economic times and low crude prices during good times, we are mistaken. It is because a bad economy resulting from xyz factors can cause crude prices to go down. A good economy resulting from xyz factors can result in increased demand for crude and thus higher prices 2. If RBI raises interest rates, it'll lead to increased demand for rupee and thus rupee appreciation. Lowering interest rates will immediately depreciate the currency. But it is a well known and observed fact that high interest rate currencies like rupee are depreciating currencies and low interest rate currencies like dollar, yen etc. are appreciating. The point here is that it is not the raised interest rate that is causing the currency to depreciate. Other factors are causing currency to depreciate and interest rates to be high. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7844 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
Don't we see inverse relation between home values and interest rates? Typically Home Values go down when interest rates go up..as people tend to put money in other faster growing investments. And higher interest rates mean higher monthly mortgage payments, which significantly reduces home buyers in the market. | ||
Rebel Hero Username: Rebel Post Number: 14524 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
if u r already settled in ur current home and has GC then u can venture into that.. Jalsa kurrod ki GC ledu naku telisi and planning to buy 1st home..alantapudu investment home konukkomani cheppadam entha varaku samanjasam | ||
Rajusk Legend Username: Rajusk Post Number: 45274 Registered: 02-2008 Posted From: 170.74.231.8 Rating: N/A |
emo rao garu.. naaku telisina okallu vonly Frisco area lo ne 3 investment properties oka own manage chestunnar..all acquired in last 2 years | ||
Rebel Hero Username: Rebel Post Number: 14523 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
ayya ki leka omlet tintunte koduku kodi biryani adigadanta oka home kontanike kinda meeda padtunte malli investment home okataa..home for investment is very bad idea in US. | ||
Gotcha Megastar Username: Gotcha Post Number: 23847 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
primary home malli konochu, mundu investment property konuko ani chebutuna. he can just delay by a year if he has 20% downpayment for primary house, buy with it 10% an investment house, after 6 months with another 10% he can buy his primary house. manchi chance idi for him to buy 2 houses this year. ... | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11996 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
u echoed my thoughts. so 5/1 lock anukuntunna. worst case if rates start going up, we can refi at that time and go for 30 year. btw, mee knowledge in this area, english meeda pattu keka.. complicated thoughts/opinions ni simple language lo explain cheyadam oka art Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Rajusk Legend Username: Rajusk Post Number: 45259 Registered: 02-2008 Posted From: 170.74.248.7 Rating: N/A |
ante..we are living in a diverse warald kada.. atla inti deggara kooda complex lo curry smell. school ki pothe kooda curry smell ante .. pillalaki kollege ki pothe kulture shock undakoodadu kada ani naa keyboard thinking anthe  I might be totally wrong also | ||
Rajusk Legend Username: Rajusk Post Number: 45258 Registered: 02-2008 Posted From: 170.74.231.8 Rating: N/A |
there is one park and ride in Monroe..if you are closer to exit 8.. otherwise you need to go Exit 9 (route 18) or Route 9 (park and ride) or 8A park and ride (on 130).. South brunswick lo buses ante..8A okkate..
today they go to Jersey Avenue....in a year or two..North Bruns (inshaa..wating for this to happen) | ||
Jalsa Legend Username: Jalsa Post Number: 34801 Registered: 02-2008 Posted From: 159.53.78.143 Rating: N/A |
naatho cheppadam, school district will improve as desis get crowded there :P diversity valla advantage etantaru? | ||
Jalsa Legend Username: Jalsa Post Number: 34800 Registered: 02-2008 Posted From: 159.53.78.143 Rating: N/A |
but south brunswick kooda anthey kadha, until north brunswick train station comes in. From my workplace to edison and monroe, 10 mins add avuthundhi anthey. But, no guarantee that we'll stay at same work place. Park and Ride daggarlo ledhanukunta ga monroe ki? how about buses from south brunswick? | ||
Rajusk Legend Username: Rajusk Post Number: 45255 Registered: 02-2008 Posted From: 170.74.231.8 Rating: N/A |
enduku pothunnaro teliyadu.. it is in the middle of no where ..with no infrastructure that you would need like Stores near by.. not proven school district..it will be just crowded with Desis and will become another Edison..with no diversity you are equidistant from 9/18/130 and forget about Train | ||
Jalsa Legend Username: Jalsa Post Number: 34799 Registered: 02-2008 Posted From: 159.53.78.143 Rating: N/A |
em seyalem...any area is like that, even monroe...istamochinattu konestunnaru...office lo ney 2-3 folks buying in monroe. | ||
Rajusk Legend Username: Rajusk Post Number: 45254 Registered: 02-2008 Posted From: 170.74.248.7 Rating: N/A |
neeku aa area lo trees cutting appude seppa.. appudu nuvvu not vinterested annav with budget in mind..anduke follow up info ivvale..
ledu ..in general septhunna.. just drive thru those gullies on weekends antunna..for vopen houses.. precise gaa nee budget range lo communities ante..kwalling seyyi..ae gullies lo untayo septha..within South Brunswick kaani ee new community vachina taruvatha schools lo crowding soosuko mari | ||
Jalsa Legend Username: Jalsa Post Number: 34798 Registered: 02-2008 Posted From: 159.53.78.143 Rating: N/A |
mee dosth aa? | ||
Jalsa Legend Username: Jalsa Post Number: 34797 Registered: 02-2008 Posted From: 159.53.78.143 Rating: N/A |
yes coming and going. new community ki waitlist cheyadaniki kooda lenantha demand | ||
Rajusk Legend Username: Rajusk Post Number: 45253 Registered: 02-2008 Posted From: 170.74.248.7 Rating: N/A |
akkada Dayton/Apna Bazar deggara community gatra lo watch out in For Sale by Owner starting in spring | ||
Rajusk Legend Username: Rajusk Post Number: 45252 Registered: 02-2008 Posted From: 170.74.231.8 Rating: N/A |
aare aur chale bhi jaare.. are you sure ..if there are any left.. open ayyinavi ..ayyinattu gaa khatam ayyinayi naaku telisi.. mana kirket team lo oka kurrod booked and August ki delivery inko kurrod ..just visited anukonta..Biryani to confirm on this | ||
Rebel Hero Username: Rebel Post Number: 14521 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
points are tax deductible kada just like mortgage interest.. | ||
Jalsa Legend Username: Jalsa Post Number: 34796 Registered: 02-2008 Posted From: 159.53.174.141 Rating: N/A |
thankses | ||
Vasu Side Hero Username: Vasu Post Number: 9385 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
mail madithi bhai | ||
Jalsa Legend Username: Jalsa Post Number: 34795 Registered: 02-2008 Posted From: 159.53.174.141 Rating: N/A |
primary home kosam choostunna bhaiyya. | ||
Andhrawala Legend Username: Andhrawala Post Number: 48745 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Jalsa is buying for his primary home No Signature | ||
Gotcha Megastar Username: Gotcha Post Number: 23844 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
Jalsa, Investment kosam illu konte 300k lone vastayi Dallas lo adi konuko first, as first house u have luxury of just putting 5 to 10% down. When u buy in nj again since it will be ur primary house malli inko 10% down to konochu, ila set cheyi baga workout avutundi neeku ... | ||
Jalsa Legend Username: Jalsa Post Number: 34794 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
Jalsa dot ccdb at Yahoo dot com Feku sesani not helping rey | ||
Jalsa Legend Username: Jalsa Post Number: 34793 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
yeah ichhaanu....evo konni unnai oka community lo...inko community excavation nadusthundhi | ||
Vasu Side Hero Username: Vasu Post Number: 9375 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
he is better in that area... did you meet up sales office and gave your details? | ||
Jalsa Legend Username: Jalsa Post Number: 34791 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
k. hovnian.
normal ga kaadhu....thandopathandaalu ga kontunnaaru.. next monroe is robinsville anta, kikiki | ||
Vasu Side Hero Username: Vasu Post Number: 9374 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
e area vinna ikkada santha lo samanlu konnattu kontunnaru anta janalu over crowd ayitadi emo chusuko but one way you get support | ||
Vasu Side Hero Username: Vasu Post Number: 9373 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
then no second thought bhai...... go for it. First we need to look for kids.... then only other things. 500k... which builder? Let me know.... I can help you on something | ||
Jalsa Legend Username: Jalsa Post Number: 34790 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
last option is monroe. I understand about HOA for townhomes...10-15 years old ayina parledhu but < 500K untey i can afford. | ||
Jalsa Legend Username: Jalsa Post Number: 34789 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
ikkada already remodeled houses ni choosa...but commute from there to either train station or to turnpike is tough ani oorukunna. south brunswick, yes for special ed schooling is good there. | ||
Vasu Side Hero Username: Vasu Post Number: 9372 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
sorry missed this part.. why south brunswick.. just for schooling reasons? East Brunswick kuda bane undi bhai.... this is what I recommend you to check... Townhome -> Find property value and use any online mortgage calculator get me the monthly payment details.. and then add the association fees (this is what you can avoid if you go with single family) Single Family homes by Kendal Park (may be around 10-15 years old) should be in 500k range or little less too... depending on the community you choose. Do the same math.. find the monthly payment Now compare these 2 numbers... you will get an idea... let me know the numbers.... I can recommend something based on that | ||
Vasu Side Hero Username: Vasu Post Number: 9371 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
mailing id ichuko bhai will send or ask our saleem feku sesani if you happen to be in touch with him on whatsapp | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7823 Registered: 11-2009 Posted From: 100.36.47.83 Rating: N/A |
this is very true...need to look at what you have already paid so far and what you will end up paying with refinance. | ||
Jalsa Legend Username: Jalsa Post Number: 34785 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
mereko bhi bhejo yaaro vo documentaaa...south brunswick mein naye townhomes aare...500K mein...what do you think? | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11991 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
excellent info. meeru keka bro.. AW annai, idar dekhiye.. db lo talent saamaanya illappaa.. u always learn something Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Vasu Side Hero Username: Vasu Post Number: 9366 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
good rate ani cheppi paddaka refinancing cheyyaku... kudispotavu. It's not just about the rate or the monthly PMI, final ga manam enta total dobbettukuntunnamu anedi final that's why people look at amortization table for complete details kya re miya... tereko kya bole re... kya kya share kiya re... aur thum aiseech fasa dere logom ko woh worksheet use kar amortization table dekh bus... khel katam  | ||
Vasu Side Hero Username: Vasu Post Number: 9365 Registered: 10-2014 Posted From: 173.72.62.217 Rating: N/A |
Builder credit will get you 1099-MISC and will have to show as income in tax filing... same with WF credit also. There are lot of worksheets available online to work out different scenarios..... https://templates.office.com/en-us/Home-loan-comparison-TM00 000069 festival karlo miya | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1196 Registered: 09-2014 Posted From: 72.223.25.121 Rating: N/A |
Yes, for most people I think this is the best. For those whose business/job and investment portfolio are negatively linked to interest rates or economy as a whole (McD Franchisee owner for example), fixed rate 30 year mortgage may make sense. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7037 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
short arm i have no idea , 30 year look good But you can simply compare this with aimlon what i did was 1. asked the closing statement from onQ with a quote 2. got the another quote from aimloan 3. now i know all closing costs on both side 4. created an excel , changing different rates 5. and finally chose one and negotiated | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11989 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
yeah builder tempting offer - if u with builder financing 8K credit towards closing anta on top of that, 2 points pay chesi, wells fargo auto payment sign up chesthe, wells fargo gives another 9k (1%) credit towards closing anta.. so u only pay for 1 point.. with 8k builder creadit, it is almost negligible (2k) 3.875 for 30 years or 3.0 for 5/1 - both with 2 points buying but at no cost with above math wt do u think Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Gsn1 Side Hero Username: Gsn1 Post Number: 3884 Registered: 03-2008 Posted From: 174.78.225.66 Rating: N/A |
Under any scenario, my advise is always go with NO POINTS. Basically, you are paying upfront this amount instead of paying the same amount in installments over the term of the loan. | ||
Happydays Side Hero Username: Happydays Post Number: 2843 Registered: 02-2015 Posted From: 104.129.196.115 Rating: N/A |
 oka mukka artham kaaledu.. what is 5/1,7/1,10/1? Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7036 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
I went thru my builder lender onQ financials. But i got good quotes from aimloan using which i bargained with onQ and BAC Finally onQ agreed for my proposal, as i need him even for 2k credit | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7035 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
Mestaaru Meeru kooda malanti vollani kindaling seste ekkada tattukogalam Initially i thought of 30 years , but i want to take chance for 15 years because donot want much when kids enter college Meeru entrepreneurs meeku salaha ichentollam kaadu. edo tochinadi cheppenu It will be touch for me from some time. But it ignites fire to earn more 30 years not a bad choice if we want to hold that for more than 20-25 years or refinance in the middle | ||
Gotcha Megastar Username: Gotcha Post Number: 23840 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
why. u could have used that money to buy another house kada bro. try to reduce ur payment as banks only look at how much ur paying and how much is incoming for lending. dabulu unte happy ga inko illu konevadivi kada. they don't care that u r paying ur house early or u have lot of equity while lending to a new house. ... | ||
Risingstar Legend Username: Risingstar Post Number: 36349 Registered: 08-2008 Posted From: 12.91.218.206 Rating: N/A |
2.87 ki 15 years refinance cheyuncha nenu yesterday. No questions asked..monthly 650$ ekkuva pay chestha anthee.. CNKV | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11986 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
 did u go with Aimloan? who is the underwriter? Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Gotcha Megastar Username: Gotcha Post Number: 23839 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
nenu refinance chesa ... | ||
Sesani Legend Username: Sesani Post Number: 37011 Registered: 08-2014 Posted From: 207.140.166.10 Rating: N/A |
Bhayya... its not particularly abt saving or losing... its all about getting the best rate in the current market/doing our own research... we can never beat the banks is agreed but different banks have different rates, ARMS, points so doing the math is required to knw what we are gaining or losing.. This isnt easy kada... as per ur statement, 30 yrs mortgage is definitely useless because u keep paying constant amount, regardless of the market conditions... only way u can structure is by re-financing which can be done for fixed or ARM.. | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7033 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
Thank you Sesani Bro | ||
Sesani Legend Username: Sesani Post Number: 37010 Registered: 08-2014 Posted From: 207.140.166.10 Rating: N/A |
congrats! | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7032 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
I just closed today 2.875% 15 years, 0 points Usually we should not go more than 0.615% range when you buy points if you buy , buy with any left over available in Realtor credit aimloan is giving good rates with 0 points. please verify there | ||
Sanju Side Hero Username: Sanju Post Number: 3157 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
Ohh..nenu contact chesina two banks ee rate ey chepparu...So, standard rates anukunna | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7820 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
not fixed, reduction in interest rate per point depends on the lenders. | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1194 Registered: 09-2014 Posted From: 72.223.25.121 Rating: N/A |
Even if the rates go up so much, it is not that bad. Let me explain why. When would US mortgage interest rates rise? If the economy is expected to grow a good pace. If the market expects that, not only interest rates, a lot of other things would grow too. For instance, your salary, stock portfolio, home value etc. In such a state, a little increase in your mortgage payment is not going to hurt you much. Now let's discuss the scenario of interest rate decline. I know that rates are quite low right now based on historical standards but what if they don't go up or go further down in five years? When would that happen? If the expectation on US growth is very low. (Salary cuts and layoffs, stock market crash etc.) At such a time, your ARM would save you money by lowering your payments or at least keeping it lower than fixed rate. People here seem to be looking purely in dollars saved or lost. That is a bad way of looking at things. The lender has much more knowledge than you about the possible direction in which interest rates are headed so don't try to beat him there. Just think of structuring your mortgage in such a way that payments could go up when you can afford it and go down when you really need to cut down on expenses. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Sesani Legend Username: Sesani Post Number: 37009 Registered: 08-2014 Posted From: 207.140.166.10 Rating: N/A |
Since ur in NJ... apply through Affinity Federal Credit union (local bank)... the best rates I got were on AFU... even pen fed or DCU couldnt beat them | ||
Sanju Side Hero Username: Sanju Post Number: 3156 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
Also, points theesukuntey you will be paying 1% of loan amount, you will pay upfront for a 0.125% cut in the interest on your loan. So, buying points could add up to a significant portion of your closing costs if you go that route... 1% point = 0.125% cut on your loan (fees 1% of your loan amount) 2% points = 0.25% cut on your loan annattu (fees 2% of your loan amount) | ||
Sesani Legend Username: Sesani Post Number: 37008 Registered: 08-2014 Posted From: 207.140.166.10 Rating: N/A |
All comes down to numbers... You have to do the math on paper to decide which is better... 30 yrs vs 5/1 or 7/1 or 10/1 all depends on ur thought process and numbers... - Are you willing to pay less interest and/or clear the loan in 5/1 or 7/1 or 10/1?? Then go for 5/1 or 7/1 or 10/1. If u want to pay less interest/payments for first few yrs but dnt have any plans to clear the loan before the first adjustment, please calculate the money u saved via interest (on 30 yr loan no ARM) vs. the re-financing amount and the new interest rate after x yrs (which u wont know). Now along with this include the points.. if I pay points, it might bring down the loan .25% but over a period of time, the point I paid vs. the difference in interest.. is it worth? Example - 500k home 7/1 and 20% down... 400k is the loan. Interest is 3% with 1 point vs 3.25 without point. Over 7 yrs u pay $56,810.42 interest with 3% and $61,676.55 with 3.25.. You point was 1 which is 4k... so Over 7 yrs u pay $60,810.42 interest with 3% and $61,676.55 with 3.25.. plus after 7 yrs what will be the interest rate and closing costs etc. etc. | ||
Emc2 Legend Username: Emc2 Post Number: 47459 Registered: 03-2008 Posted From: 108.48.4.24 Rating: N/A |
See what is the final apy Decide based on that also if you are planning to refi than there is no point of paying points and closing cost | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1193 Registered: 09-2014 Posted From: 72.223.25.121 Rating: N/A |
Some people are likely to prepay and some are likely to hold on for a long time. Often, the borrower has a decent idea of what kind of a person he is, but the lender doesn't. Points are a way for the lender to separate out those who pose a high prepayment risk from those who are likely to hold onto the mortgage for a long time. It is structured in a way to hit those who prepay and benefit those who hold on. Make the decision based on your probability of prepayment. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7819 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
don't they reset 5/1 arms rate every year after first 5 years? So, your rate will be changing every year from 6th year. Ultimately, like Sanju said, it depends on what your goal is. | ||
Sanju Side Hero Username: Sanju Post Number: 3155 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
correct.. mee goal enti? thakka interest paycheyyatama? thakkuva monthly payment aa? deenni batti decide cheyyandi... 5 yrs tharvaatha kooda rate 4-5% madyaloney vuntai anukuntunnara? naa varaku 5yr lo payoff chesettu ayithey ARM theesukunta...lekapothey 30yr fixed | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11985 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
why? let's say, you get current 5/1 rate at 3% and 30 year fixed at 4%.. if you go with 5/1 ARM then you only pay 3% for 5 years and then it adjusts to market rate that time. If we assume rates will go up to 4% in 5 years then you will be saving 1% interest for 5 years. If the rates go above 5% then it will be bad.. right? Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Sanju Side Hero Username: Sanju Post Number: 3154 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
You need to keep the mortgage for more than 6 yrs to breakeven if you buy 1 point down and keep the mortgage for more than 20 yrs to save on interest. But, if you plan to payoff the loan in 5-7 yrs, then ARM is the way to go. | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11984 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
what if you buy 2 points but you can credit for 1 point if you sign up for direct debit auto payment? Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Tombrady Legend Username: Tombrady Post Number: 44752 Registered: 05-2012 Posted From: 216.163.220.32 Rating: N/A |
chess hyd kurrodiki ani oka post vesan reply ledu kaani awala post ki reply vesad malli negative posts vestharu ante veyyara chess | ||
Jalsa Legend Username: Jalsa Post Number: 34784 Registered: 02-2008 Posted From: 159.53.46.141 Rating: N/A |
Congrats Hyder!  | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11983 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
annai, db nundi ban cheseyandi oka pani ayipotundi.. chuss okka thread kuda veyyanivvaraa? ninna swimming pool yedi better classes ki ante comedy.. endi idi?  Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein | ||
Andhrawala Legend Username: Andhrawala Post Number: 48728 Registered: 03-2008 Posted From: 152.51.56.1 Rating: |
Hyder bhaai Mee range ki memu cheppagalamu antaaraa?? Leka Ramudu ki Udatha sahayam chance isthunnaraa?? No Signature | ||
Tombrady Legend Username: Tombrady Post Number: 44750 Registered: 05-2012 Posted From: 216.163.220.32 Rating: N/A |
buying points is NOT worth it, 5/1 or 71/2 or 20-30 yr fixed depends on ur finance flexibility | ||
Mrhyderabad Hero Username: Mrhyderabad Post Number: 11982 Registered: 01-2008 Posted From: 98.221.181.44 Rating: N/A |
Worth buying points or no? 30 year fixed or 5/1 or 10/1 given current rates? Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein |
