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Home refinancing question

Chalanachithram.com DB » New TF Industry Related » Archive through May 26, 2016 » Home refinancing question « Previous Next »
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Vasu
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Username: Vasu

Post Number: 11184
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Posted on Thursday, May 26, 2016 - 08:59 pm:       


Kuyyo_morro:


Since you seem to be comfortable to pay off 2k extra... go with 10 years but pay extra 1k so that worst case scenario when needed you will have some breather....
 

Suyodhan
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Username: Suyodhan

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Posted on Thursday, May 26, 2016 - 03:13 am:       


Brighton:

15 yrs with 2.89 interest


lender evadu?? 2.89 15 yrs ante super rate. can you share details?
 

Gotcha
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Username: Gotcha

Post Number: 24522
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Posted on Tuesday, May 24, 2016 - 07:19 pm:       

Why u want to pay home equity loan in 5 years?
Home equity interest is deductible kada so interest u pay can be deducted.

Ippudu cheppu aa amount to emi chestunavu?
...
 

Thearchitect
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Username: Thearchitect

Post Number: 702
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Posted on Tuesday, May 24, 2016 - 05:40 pm:       


Kuyyo_morro:

home equity loan (not LOA)



gotcha .. it's not LOC


Brighton:



It depends.. on various factors, home value growth, location of the home and what would you do with the difference.
 

Netra
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Username: Netra

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Posted on Tuesday, May 24, 2016 - 05:26 pm:       


Brighton:

monthly installment handle cheyyagaligite 15 yrs with 2.89 interest



Best.. no second thoughts
YSR AMAR RAHE
 

Brighton
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Username: Brighton

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Posted on Tuesday, May 24, 2016 - 05:20 pm:       

another refinancing doubt..monthly installment handle cheyyagaligite 15 yrs with 2.89 interest ki poodam better aa leeka 30 yrs with 3.65 interest better aa.monthly 5 to 600 teeda vastundi..
 

Thearchitect
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Username: Thearchitect

Post Number: 701
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Posted on Tuesday, May 24, 2016 - 05:14 pm:       

Question confusing ga undi
Heloc loan tesukoni princiapl pay chestara? - In tht case 5/1 ARM ki re-fin cheyyavachuga..
 

Suyodhan
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Username: Suyodhan

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Posted on Tuesday, May 24, 2016 - 11:25 am:       

Also, neeku DCU vaadu 15 yrs teesukoni 5 yrs lo pay chesthe emanna fine vesthaada??
 

Suyodhan
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Username: Suyodhan

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Posted on Tuesday, May 24, 2016 - 11:23 am:       


Kuyyo_morro:

5 years payment plan theesukovatam ok na, which will be 2k per month extra to what I am paying today.


it depends on your income which has to be standard for the next 5 yrs. "Theda vosthe" anna thought ivvu okka saari.


Kuyyo_morro:

Leka 10 years cheyyatam with 1k more per month.


If im you, i will do this and save that extra 1000 per month, pool money and pay on principal. So that im safe if anything happens.
 

Kuyyo_morro
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Username: Kuyyo_morro

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Posted on Tuesday, May 24, 2016 - 11:15 am:       

DCU odu 3.4% isthunnadu for home equity loan (not LOA). 70% of the home value isthadu. It will cover the pending loan.

5 years payment plan theesukovatam ok na, which will be 2k per month extra to what I am paying today.

Leka 10 years cheyyatam with 1k more per month.

DB financials gurus, your inputs please.

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