| Author | Message | ||
Jilljill Junior Artist Username: Jilljill Post Number: 639 Registered: 01-2013 Posted From: 104.129.192.110 Rating: N/A |
mari 2% vuntada tax? ayina yentha vesukunna anni kalipi 3000 (taxes + insurance etc) yesukunna, tax breaks theesesthe monthly $2500 paduthundi for house which is very affordable to any s/w engr. advantage is you pay very less compared to 5/1 or 30yr loans | ||
Jalsa Legend Username: Jalsa Post Number: 35282 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
5/1 - 2.750% $1,702 30 yr - 3.375% $1,844 | ||
Okahyderabadi Side Hero Username: Okahyderabadi Post Number: 5965 Registered: 12-2009 Posted From: 68.128.164.40 Rating: N/A |
typical 1/2 point ki $70-80 difference untadi anukunta In history there is no such thing as the last word on any subject research leads to new things every day | ||
Jalsa Legend Username: Jalsa Post Number: 35280 Registered: 02-2008 Posted From: 24.186.109.17 Rating: N/A |
7/1 ARM rates ekkuva unnai - close to 30 yr loan. 5/1 ARM thakkuvunnai...initial payment thakkuvavuthundhi kadha? during this low rate time, we can start paying off the principal...5 years taruvatha rate entha untundho theleedhu kabatti, we can decide to refi again at that time... no? | ||
Idiot1 Side Hero Username: Idiot1 Post Number: 4427 Registered: 07-2008 Posted From: 8.7.228.252 Rating: N/A |
interest rates intha low unna time lo arm enduku? | ||
Okahyderabadi Side Hero Username: Okahyderabadi Post Number: 5949 Registered: 12-2009 Posted From: 68.128.164.40 Rating: N/A |
 In history there is no such thing as the last word on any subject research leads to new things every day | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7367 Registered: 09-2012 Posted From: 12.10.219.225 Rating: N/A |
What advantage you get in this 5/1 is nothing but 5 years fixed @ x% and 25 years variable , that can change annually and has max ceiling So by doing 5/1 you neither pay more principle not more interest so at the end of 10 years | ||
Okahyderabadi Side Hero Username: Okahyderabadi Post Number: 5948 Registered: 12-2009 Posted From: 68.128.164.40 Rating: N/A |
taxes inko 600-800 per month vesukovali tammi In history there is no such thing as the last word on any subject research leads to new things every day | ||
Okahyderabadi Side Hero Username: Okahyderabadi Post Number: 5946 Registered: 12-2009 Posted From: 68.128.164.40 Rating: N/A |
first time buyers ki 30 years is alway ssafe. If you have ability to pay higher down payment or unless you have a stable job and decent income and if you plan to stay long in your home go for 30 yrs. ARM's are always risky because of the % increase after the initial term. Since the first few years go towards interest in any loan you will end up with very less Principal paid in any case In history there is no such thing as the last word on any subject research leads to new things every day | ||
Jilljill Junior Artist Username: Jilljill Post Number: 638 Registered: 01-2013 Posted From: 104.129.192.110 Rating: N/A |
300K loan ki 15yr fixed best.. 300K 2.75% max yesukunna, monthly $2000 paduthundi, pretty reasonable | ||
Maverick Legend Username: Maverick Post Number: 62096 Registered: 01-2008 Posted From: 108.171.129.189 Rating: N/A |
my current mortgage is with them only..chelaregipota Happy Vizag | ||
Sony Legend Username: Sony Post Number: 31374 Registered: 12-2006 Posted From: 170.48.19.251 Rating: N/A |
i am on 5/1 ARM, naa strategy, i will get on 5/1 ARMS for twice in 8-10 years and next i will take 15 year fixed 7/1 ARM interest rate kuncham ekkuva anukunta 5/1 meeda....to me both are good | ||
Goonda Megastar Username: Goonda Post Number: 25836 Registered: 02-2007 Posted From: 167.187.101.239 Rating: N/A |
ARM is good.. but think hypothetically.. if the interest rates go up in 5 or 7 yr and when you refinance..you got to pay the current market interest rate then... its always better to lock the rate for 15 or 30 and then pay extra amount each month or whenever you have more money.. that way you can close the loan in 15 or 20 yrs.. usually you pay more interest in first 5 years.. you can go and search for amortization tools and find for your rate.. how much interest + principal you are paying... if you don't plan to stay in the house more than 5-7 yrs.. go for ARM.. for long term.. go for 15 or 30 | ||
Galodu Junior Artist Username: Galodu Post Number: 311 Registered: 01-2013 Posted From: 161.165.196.113 Rating: N/A |
inko 3 months lo ready avuthundhi house. 300K house value. 5/10% downpayment anukuntunna. 30 years fixed anukunna ippativaraku. ee thread chusaka 5 years fixed aithene best la undhi. present edhi best option oo cheppandi naa case ki kuda | ||
Banda Junior Artist Username: Banda Post Number: 434 Registered: 08-2008 Posted From: 129.135.0.21 Rating: N/A |
sure...so ARM better aa..  as we anyhow refinance... jai_ycp bro cheppinattu...30 yrs fixed lo...10 yrs kattaka...kuda..principal..pedda change undadhu...kadha | ||
Banda Junior Artist Username: Banda Post Number: 432 Registered: 08-2008 Posted From: 129.135.0.21 Rating: N/A |
tx, indhulo 5 or 7 ARM...unnayi kadha.. interest rates low unnayi kabatti..7 ARM better aaa.. | ||
Goonda Megastar Username: Goonda Post Number: 25834 Registered: 02-2007 Posted From: 167.187.101.239 Rating: N/A |
make sure the principal+interest+insurance+tax doesn't cross 40% of your salary whether you go 5 or 7 ARM. 15 yrs is too ambitious. go for 30 and pay an extra hundred or two every month...if you have extra money... if both of you working, i suggest going with 15. | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2358 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
veedu local vaadu seems they don't do originations in Ur state (third federal ) Check with https://www.usavingsbank.com/officelocations.aspx | ||
Maverick Legend Username: Maverick Post Number: 62095 Registered: 01-2008 Posted From: 108.171.129.189 Rating: N/A |
details please..why did u not opt for 5/5? Happy Vizag | ||
Sony Legend Username: Sony Post Number: 31369 Registered: 12-2006 Posted From: 170.48.19.251 Rating: N/A |
I am into ARM mortgage. manam entha 30year fixed teesukuna, 1 or 2 years taravata people will refinance....5/1 arm and 7/1 arm teesukunte aa refinance chese time daka you will pay less mortgage | ||
Banda Junior Artist Username: Banda Post Number: 431 Registered: 08-2008 Posted From: 129.135.0.21 Rating: N/A |
inko month lo closing chesthunna..first time home buyer ni... 300K loan amount, 5/?or 7/? ARM or fixed 15 or 30% better aaa... suggestions plz | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5237 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
Each year a taxpayer must pay the greater of an alternative minimum tax (AMT) or regular tax. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5236 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
AMT is for oppoiste reason, lets say after all your deductions, your taxable income become low by certain percentage (say became 5% only of your income), govt collect AMT for you.I think you can deduct the balance between AMT and your tax after deductions next year. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5235 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
basuigga vasthayi. Plus exemptions too 4000 for each person. for family of 4, that is 16000. so if you have taxable income of 150K, Local taxes (8k)+ real estate (6k) Mortage interest padi (14K) Exemptions 4000 for each family member (16K) so dedutables will be 36K the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2357 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
Yes 295$ closing cost. 85% off the home value istaadu loan wioth out PMI | ||
Saarang Hero Username: Saarang Post Number: 13738 Registered: 06-2012 Posted From: 97.113.74.124 Rating: N/A |
Vinna but don't remember now. | ||
Jalsa Legend Username: Jalsa Post Number: 35279 Registered: 02-2008 Posted From: 166.137.244.82 Rating: N/A |
Other items untayi ani thelusu. But what is Last_avatar saying? Also, ee Alternate minimum tax meedha idea untey cheppandi. It says for married filing jointly, limit is 83k. What does this mean? I went through IRS website to calculate AMT. They asked few items from 1040 and schedule A (state taxes paid plus property taxes for which I put an estimated number) and it said no AMT needed | ||
Saarang Hero Username: Saarang Post Number: 13737 Registered: 06-2012 Posted From: 97.113.74.124 Rating: N/A |
Correct there are more itemizations that can be used: State income tax+mortgage interest+property tax+charitable donations (including religious and political) = itemized deduction. if that is more than std deduction, you will use that instead of std deduction. mortgage interest+property tax itemized deduction only for primary residence. If its a rental property its treated as an expense. | ||
Jalsa Legend Username: Jalsa Post Number: 35277 Registered: 02-2008 Posted From: 166.137.244.82 Rating: N/A |
Mee yenks, intha mandhi homeowners unnaru sarigga cheppandehes tax benefit untundha undadhaa? Including property taxes. Standard deductions are 12500 right. If interest and property taxes are beyond that, that additional amount is extra deductions. Anthey kadhaa? Interest plus taxes oka 20k ayithe, then around 7000 is deducted from taxable income? | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7365 Registered: 09-2012 Posted From: 68.110.169.140 Rating: N/A |
To get mortgage tax benefit one should go itmized deduction. As per2014 survey close to 50% of home owners don't get any benefit or very less benefit due to allowable itemized deductions limit. It isa mid conception that every interest $ will be exempted on top of allowable limit of exemption for a family. Whether it is standard. Or itemized | ||
Maverick Legend Username: Maverick Post Number: 62093 Registered: 01-2008 Posted From: 108.171.129.189 Rating: N/A |
5/5 istunnada meevadu? same closing cost? Happy Vizag | ||
Jalsa Legend Username: Jalsa Post Number: 35276 Registered: 02-2008 Posted From: 166.137.244.82 Rating: N/A |
Idhi pakka na? Standard exemptions meedha direct addition of interest paid aa? How about property taxes? | ||
Vja2va Side Hero Username: Vja2va Post Number: 5252 Registered: 11-2014 Posted From: 68.100.233.40 Rating: N/A |
Mee lantollu kuda loans ki apply sestara? /dog running gif.. | ||
Maverick Legend Username: Maverick Post Number: 62092 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
15 yrs 2.75 meeda unna gata 3 yrs ga..inka taggutunda ippudu rates follow avvatledu..800rating Happy Vizag | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2356 Registered: 02-2007 Posted From: 107.11.50.73 Rating: N/A |
 | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5234 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
Nope. I did taxes many times. Home interest is added directly to your deductions. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5233 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
Pay off primary house in 15 years if you can. Unless you are a good investor. Tiem chala fast ga jarigipothundhi. suddenly 10 years mortgage kattaka adhi 50 or 60k taggundhi. dhenemma dabbulu ekkada tagalesamo ardhamu kadhu. Adhe 15 yars ayithe you ill almost pay 2/3 of the loan. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Shivavishnu Side Hero Username: Shivavishnu Post Number: 2109 Registered: 10-2010 Posted From: 69.25.144.254 Rating: N/A |
30 years is very long time, if you have money go with 20% down , 15 year loan. you will have an asset for you or your kids, they do not have to pay rent or mortgage. Here the assumption is your buying home in a good city with good school district with good job opportunities. Om Namah Shivaya.....Om Namo Narayanaaaya.... | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1275 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
hmmm....ee saari maa tax babai ni aDagaali  This changes everything (iPhone caption laa undi  ) | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7364 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
Even i was also under the same impression. But some one told me that the saving is only that amount that exceeds our family total exemptions | ||
Saarang Hero Username: Saarang Post Number: 13728 Registered: 06-2012 Posted From: 206.29.176.75 Rating: N/A |
Loan tondaraga katteste kaani nidra pattadhu ante different story. But intha low intrest rates unnappudu paying down the loan fast kante better to invest that on something else. So, 30 year better option. | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7363 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
for a 300k loan with 5% down 30 years and 20% 15 years the diff is only 600 dollars per month, after paying extra of mortgage insurance | ||
Starc Side Hero Username: Starc Post Number: 4122 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
happyguy.. good point.. true.. .. adi kuda esukunte.. 15 years.. chembu chata.. avasaram ani antaru Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1273 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
avunaa? ee jhalak emiti annai? eppuDoo alaa aalochinchaledu ante kaTTE state tax, property tax ivannee koodaa tax break lOki vastaayi kadaa alaa anukunnaa kooDaa for 15 Yr loan we pay much lower interest component. For 30 we pay a higher interest component....so overall tax break teesukunte interest lO pedda tEDaa vunDadu kadaa | ||
Starc Side Hero Username: Starc Post Number: 4121 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
otherwise.. 15 years lo.. ni principal.. tapa tapa .. mani tagguddu,, oo 5 years.. upiri biga patti.. nava randarlu musukunte.. oo 100k plus enaka esukovassu.. Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7362 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
sorry wrong calculation 12*1200 = 14400 - 15000 = - 600 no tax exemption | ||
Starc Side Hero Username: Starc Post Number: 4120 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
15 years.. thisukunte.. chembu avutundi.. you will not have any room when you want to spend money.. india property purchases.. vacations.. sudden surprices.. etcs ki.. so be careful when you go for 15 years.. Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7361 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
Tax break only on top of 15k exemption , if a family of 4 are there ex : you paid 1200 as int per month = which is 24000 per year so you get tax exemption for 24000 - 15000 = 9000 only on home interest | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1271 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
ayyaaa....meeru dEvuDayyaaa (panjaa lo paata roopamlO chaduvukOndi) | ||
Politricks Megastar Username: Politricks Post Number: 20221 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Happyguy Yes...it started off as some $480 principal payment and by end of 2 years touched $525 or so...so average 6K per year down chesa Principal! | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1270 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
Tax break on your interest component also should be taken into consideration in this decision making exercise....ani naa amul abhipraayam | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7360 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
Here is the logic $30000 - Loan (after 5% down) 30 year loan 3.5 APR - end up paying 484,000. at the end of tenure we need to add mortgage insurance of $150 per month extr till one reaches 20% of principle , say 8 years = $12000 extra = 506k in total $30000 - Loan (after 20% down) 15 years laon at 2.75 APR - end up paying 366k But we need to pay high monthly payments in 15 years , and comfortably pay in 30 who ever has comfort, they can go for 15 years, as you will end up paying towards your home as asset. its a over all loss for 30 year loan if the property is sold any time with in first 12-15 years . But who ever can divert the saving in 30 years loan to good investment , good bet for them. Need to keep the home atleast 20 years to fetch profit when sold | ||
Bunty717 Moderator Username: Bunty717 Post Number: 49857 Registered: 02-2008 Rating: N/A |
70% kaadi.. K adi.. confuse/shock ayipoyi q's eyakandi.. | ||
Bunty717 Moderator Username: Bunty717 Post Number: 49856 Registered: 02-2008 Rating: N/A |
nen house tesukunnapudu 10% ee down chesenu.. though I had 20%.. so ippudu unnayi ani oka 70 down chesi refinance chesenu.. so naa payment lo only 150$ ee diff vochindi.. for 30yr and 15yr.. | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1269 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
That sounds correct...from a 30 Yr loan for 372K loan perspective you would pay off 500/month principal - so for 2 years close to 12K | ||
Starc Side Hero Username: Starc Post Number: 4119 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
politrics.. dabbulu unte.. bank odiki enduku oo 300 interest save seyyadanika? Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Asdf Megastar Username: Asdf Post Number: 22509 Registered: 12-2014 Posted From: 205.157.66.4 Rating: N/A |
one more tuglak kochen. ipduu appraisal ki 400-500 ettaala, adi bhi free free aa? The Land of the Free and the Home of the Brave - Hillary is free and Snowden in exile | ||
Politricks Megastar Username: Politricks Post Number: 20220 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Papayya Simple...dabbulu unte 15 year and leka pothe 30 year anthe! | ||
Politricks Megastar Username: Politricks Post Number: 20219 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Bunty Asala nee kaada mottam paisal unte ee Interest gola ne undadu kada...godavalla aa dabbulu leka ne! | ||
Starc Side Hero Username: Starc Post Number: 4118 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
15 years ki .. 30 years logic ela ante.. 30 years ki .. you pay 2000$. principal and iterest. dantlo interest is 1500 , 500 principal.. 15 years ki.. 3000 principal and interest kaduthavu.. you pay 1100 interest. 1900 principal.. so ikkada... nivu 1000 ekkuva kadithe.. 1000+900 .. 1900 is your savings. 30 years loan lo.... and 15 loan difference in payment is 1000$ 30 lo 2000 kadithe .. 500 principal savings... 15 years tho compare cheste inko 1000 save. ante 1500$ save... 1000$ always available for you.. 15 years lo 3000 lo... 1900 savings but it is locked savings.. repu job poyi.. nenu aa 1000 kattalenu ante kudardu.. 400$ extra saving monthly gurinchi 15 years high payment daniki elthava.. leda.. aaa extra 1000 payment bank odiki katte vadulu nive save chesukoni.. vere deggara invest chestava anedi ni istam.. so old people here suggest you to go for 30 years.. and put extra money in ur savings.. Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Politricks Megastar Username: Politricks Post Number: 20218 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Let me Rephrase it: 2014 lo naa loan 372K and monna 2 days back ki 12K Principal katti ippudu 360K undi naa loan! Now my NEW loan is 360K with 1.25% reduction in interest, $3000 money back and monthly payment reduced by $300! ALL OF THIS POSSIBLE because when I bought hone it was 390K and now Appraised value is 460K...this knocked off PMI and interest rate reduction! | ||
Jilljill Junior Artist Username: Jilljill Post Number: 636 Registered: 01-2013 Posted From: 104.129.192.110 Rating: N/A |
I did 20yr fixed @3.125 | ||
Asdf Megastar Username: Asdf Post Number: 22508 Registered: 12-2014 Posted From: 205.157.66.4 Rating: N/A |
cool. oka raayi estaanu, asalu emanna taggutundi emo. The Land of the Free and the Home of the Brave - Hillary is free and Snowden in exile | ||
Politricks Megastar Username: Politricks Post Number: 20217 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Chitti Babu Loan 2014 lo start ayinappudu 372K loan and ippudu principal 360K undi...seems I confused! | ||
Idiot1 Side Hero Username: Idiot1 Post Number: 4422 Registered: 07-2008 Posted From: 8.7.228.252 Rating: N/A |
annai idi simple interest kaadu compound interest. | ||
Starc Side Hero Username: Starc Post Number: 4117 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
unless it is you see nearlly 1% difference.. refinance is not feasible. naki 2.65 offer icchadu.. adi documents anni clear ayyi.. under writing ayye sariki.. lock poyindi.. next malli sutte 2.9 unde.. naku vaddu ante.. vadu inko 2k icchi 2.9 ki icchadu.. mottam calculate cheste.. 2.9 or 2.7.. 2.6 . antha pedda difference undadu Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Bunty717 Moderator Username: Bunty717 Post Number: 49850 Registered: 02-2008 Rating: N/A |
adee madata the fold 30yr loan lo .. nee payment 80% intrest lo potaadi.. for ejjampull;; 450 house 30 yr loan @ 3.6 int.. you'll be paying around 240k as intrest ade 450 house 15yr @ 2.70 int ki you'll pay around 62k as int antaa diff untundi.. | ||
Chitti_babu Megastar Username: Chitti_babu Post Number: 21174 Registered: 03-2012 Posted From: 108.60.158.130 Rating: N/A |
2014 nunchi kattina payments deduct cheyyali kadha total 360K nunchi ? Malli 360K ki re finance enti ? | ||
Politricks Megastar Username: Politricks Post Number: 20216 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Asdf Naa scenario: 1) Naa Loan 360K and 30 year fixed lo undindi (2014 loan) 2) Ippudu malli Loan Re-Financed to 360K and 30 year Gain: 1) Interest rate came down by 1.25% 2) Total MONEY I got back is close to $3000 3) Monthly payment reduced by $300 | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1268 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
interest rates have come down from that annai If possible - you can refi this year at a lower rate...may be 2.7 as Bunty got...or even lower if you're lucky | ||
Starc Side Hero Username: Starc Post Number: 4116 Registered: 03-2015 Posted From: 170.63.153.14 Rating: N/A |
last year.. 15 years... 2.9 0 closing cost Pandulu drainaige guntalo undi matladukuntai anta.. Chi Chi Manushulu ala ela untaru.. chi chi.. | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1266 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
avunu...30 to 30 also Because right now 30 Yr 0 cost - is close to 3.5% (almost as low as 2012/2013 rates as per some reports I read) | ||
Asdf Megastar Username: Asdf Post Number: 22506 Registered: 12-2014 Posted From: 205.157.66.4 Rating: N/A |
even if it is 30yr to 30yr? The Land of the Free and the Home of the Brave - Hillary is free and Snowden in exile | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1264 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
meeru out of pocket enta kattaaru annai? for closing costs, I mean. 2.7 for 15 Yr fixed is not a bad deal. Again, I don't know what's the "best" for that category. But this is definitely a decent deal. | ||
Jilljill Junior Artist Username: Jilljill Post Number: 634 Registered: 01-2013 Posted From: 104.129.192.110 Rating: N/A |
everyone doing 0 closing now. I got credit more than closing costs, so my principal went down at closing | ||
King Side Hero Username: King Post Number: 2305 Registered: 08-2013 Posted From: 66.128.16.136 Rating: N/A |
I got $4250 credit which is exactly my closing cost. So no money out of pocket. | ||
Politricks Megastar Username: Politricks Post Number: 20215 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
In my case ZERO closing costs as Lender gave credit! What all I paid is $490 for Appraisal, TITLE and Attorney Fees! | ||
King Side Hero Username: King Post Number: 2304 Registered: 08-2013 Posted From: 66.128.16.136 Rating: N/A |
local chinki agent..she was my agent on original loan also. 2.625% | ||
Saarang Hero Username: Saarang Post Number: 13727 Registered: 06-2012 Posted From: 206.29.176.75 Rating: N/A |
First time loan teesukunnappudu...I got a 30 year loan with 5% fixed rate. Appudu loan officer cheppadu...why do you want fixed mortgage ani...no no no rates at a historical low...i have read enough bad stories about ARM..so i want to lock this ani cheppa. 5/1 ARM will be about 1% cheaper atleast for 5 years. Round 2....4 percent ki padinappudu malli 30 year fixed. 3rd round shifted to 5/1 ARM at close to 2 percent. ARM will easily cost less if you sell or refinance the home in 7 years. | ||
Rajusk Legend Username: Rajusk Post Number: 51108 Registered: 02-2008 Posted From: 170.74.248.8 Rating: N/A |
ikkada reverse..adoka tension..malli  | ||
Politricks Megastar Username: Politricks Post Number: 20214 Registered: 03-2008 Posted From: 160.83.72.207 Rating: N/A |
Just Closed (Re-Finance) and ZERO closing costs! Till now I only paid 7% Principal but as my home appreciated (Appraisal down) that pulled into 78% loan instead of 93% and my PMI removed and INTEREST reduced! Not a bad idea to Re-Finance! | ||
Kingjames Moderator Username: Kingjames Post Number: 5460 Registered: 11-2013 Rating: N/A |
Thank You! | ||
Saarang Hero Username: Saarang Post Number: 13725 Registered: 06-2012 Posted From: 206.29.176.75 Rating: N/A |
I don't think its different. Costco has a tie-up with one of the lenders to give a small discount to their customers. But, there is totally no guarantee that you will get the best rate. Usually, smaller online lenders give the best rate. Desi agent evarrna teliste vallani adagani or shop in zillow mortgages. Its hard to beat those. Also my preference is going with a 5/1 ARM...that will give you a significant difference in rates. Home buying in a highly competitive market ayithe...go with a local lender (not a large bank or online lenders). Sellers prefer those. They will charge some 0.25 to 0.5 percent more. You can refinance later if you are interested. Refinancing lo you wont be under time pressure and you don't loose anything if underwriter is being tough...home buying lo different story. | ||
Bunty717 Moderator Username: Bunty717 Post Number: 49845 Registered: 02-2008 Rating: N/A |
nen last month 15yrs ki refinance chesenu.. 2k credit ichedu and int rate 2.70 ki.. ok anipinchi sign chesenu.. | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7358 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
ekkada chesaru , pls give us source ? | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2355 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
Eric Sweredoski Mortgage Savings Advisor Primex Mortgage Corporation 5834 Hubbard Dr. | Rockville, MD 20850 Phone: (301) 468-5600 | Fax: (301) 468-0064 www.primexmortgage.com eswere@primexmortgage.com | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5230 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
then you must have paid extra point. basic ga bank vadu chesedhi simple. Fed interest rate Ki 2% Plus chesi paina vadi interest add chestadu. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Emc2 Legend Username: Emc2 Post Number: 50726 Registered: 03-2008 Posted From: 173.66.111.159 Rating: N/A |
check amerisave.com if anybody can beat his prices take it, he has all options with zero points, zero closing etc.. prices chagnes every 4 hrs or so based on the trading, if you like the price you can lock it | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1263 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
sent you a message from TIDB forum...please check | ||
King Side Hero Username: King Post Number: 2303 Registered: 08-2013 Posted From: 66.128.17.136 Rating: N/A |
not worth. Fixed adhe range lo unnayi kada. | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1262 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
zero cost refinances is a very real and valid option annai. I did it and I know friends who did it. | ||
Onlymovies Comedian Username: Onlymovies Post Number: 1349 Registered: 05-2014 Posted From: 137.200.32.22 Rating: N/A |
@HappyGuy.. send me email onlymoves dot db at gmail | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1261 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
ok ok so I think they quote it as 5/2/5 (meaning 5 year fixed. Then changes by +/- 2% changes again after another 5 years). for 5/2/5 - 2.59 may not be bad. But as someone said below - please check amerisave.com website. (I don't know much about that website - I usually check in aimloans and bankrate.com) | ||
King Side Hero Username: King Post Number: 2301 Registered: 08-2013 Posted From: 66.128.17.136 Rating: N/A |
I did refinancing at zero cost this month. | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1260 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
Yes. I can speak to my realtor/loan agent. Please send me a message | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2353 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
5 years ayyaka one time peruddi and at that time you can relock for next 5 years. * Max 2 % kanna ekkuva peragadhu , 2% kanna takkuva ki interesr rate podhu anedhi edho disclaimer ettadu which is fine anipinchindi.. | ||
Onlymovies Comedian Username: Onlymovies Post Number: 1347 Registered: 05-2014 Posted From: 137.200.32.22 Rating: N/A |
nenu 2014 jan lo illu teesukunna for 300K. 5% down payment chesi around 283K ki loan teesukunnanu for 7/1 ARM @ 3.375 rate 6months back refinance ki try cheste 20% loan pay off avvaledu get lost ani annadu.. as of now balance 262K vundi.. Evadayina manchi lenders vunnara ee case lo manchi interest rate ichevallu for 30 years? | ||
Emc2 Legend Username: Emc2 Post Number: 50724 Registered: 03-2008 Posted From: 173.66.111.159 Rating: N/A |
unkl please see this link amerisave.com see if your lender can beat their rate including closing cost points etc. do as much research as possible with amerisave, their rates changes every 4hrs or so, if they can beat amerisave rate than take that one | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7355 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
NP Bro. naaku Arms gurichi anta teleedu I got 2.875% APR for 15 fixed in Mar 2016 | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1256 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
5/1 ARM with 15 Year term anukuntaa annai. after typing that...on second thoughts...5/1 2.59 for a 15 year term...may be an ok deal....:P - sorry annai, if I disappointed you | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 5228 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
arm 30 years kakunda 15 years kuda istunnara? the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 7353 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
5/1 arm enti , 15 years enti , both are different options kada ? did you take 15 years fixed for 2.59 ? or did you take 5/1 arm for 2.59 ? | ||
Kingjames Moderator Username: Kingjames Post Number: 5459 Registered: 11-2013 Rating: N/A |
annai.. Costco finance gurunchi cheppandi...executive members save more antadu, how is it diff from other banks ? | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1255 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
mee principal amount entha saaru? that's a very very good rate.... but it also depends on the incremental interest rate (terminology teliyadu) and the interval after the initial 5 year period. they usually give it like 5/2/2 or something of that sort...for ARM. | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2352 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
295 $ closing cost 5/1 ARM 15 years ki 2.59 ki ninne lock chesaanu. manchi deal ee naa lekapothe nagaramu loo inka manchi offers vunnayi konchem cheppandi  | ||
Bunty717 Moderator Username: Bunty717 Post Number: 49843 Registered: 02-2008 Rating: N/A |
mee first post lo vaadu chepindi nijam ayite go for it.. no closing costs and lower Ind rate ante.. enta tagginaa tagginateee kadaa.. enjoooy maadi.. | ||
Rajusk Legend Username: Rajusk Post Number: 51107 Registered: 02-2008 Posted From: 170.74.248.8 Rating: N/A |
teliyadu..rathri 10:30 ki home number ki call sesadu..evada ani soosthe..paatha lender annad repu morning talkudam ani pettesa.. nenu nizamgane vinnana ..lekapothe kahani septhunnada ani doubting vachindi naaku | ||
Saarang Hero Username: Saarang Post Number: 13724 Registered: 06-2012 Posted From: 206.29.176.75 Rating: N/A |
Genrelly kaadhu, they have to stick to it...lekapothe mustaaru lender ni...they cannot deviate from it once they give a gfe. | ||
Amigo Side Hero Username: Amigo Post Number: 3847 Registered: 05-2011 Posted From: 144.160.226.93 Rating: N/A |
Yes it works. Paper work too much untadhi...but if diff in interest is good ,go for it | ||
True_indian Hero Username: True_indian Post Number: 13236 Registered: 01-2008 Posted From: 143.165.48.50 Rating: N/A |
gfe teesukondi first( good faith estimate) generally ga correct ga 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. | ||
Bharat Side Hero Username: Bharat Post Number: 2930 Registered: 06-2015 Posted From: 199.90.60.4 Rating: N/A |
rate entha offer chesaadu? | ||
Bunty717 Moderator Username: Bunty717 Post Number: 49840 Registered: 02-2008 Rating: N/A |
lower rate ante entaa taggutondi meshaaru.. generally no closing costs ante.. vallu 1-2k credit istaaru migilindi mee loan lo add chestaaru.. | ||
Bharat Side Hero Username: Bharat Post Number: 2926 Registered: 06-2015 Posted From: 199.90.60.4 Rating: N/A |
Zero closing costs are offered by some lenders. It is believable. | ||
Happyguy415 Comedian Username: Happyguy415 Post Number: 1244 Registered: 01-2014 Posted From: 208.80.232.68 Rating: N/A |
Yes annai he has to give you estimates, etc...so believable. I don't know specifics, but based on that - it doesn't hurt to try ani naa amul | ||
Rajusk Legend Username: Rajusk Post Number: 51106 Registered: 02-2008 Posted From: 170.74.248.8 Rating: N/A |
nenu oka two years back lender maranu ippudu patha lender calls me and says, he can give me loan for the rest of the period (that is left from the current lender )and also lower rate with no closing costs believable offer ae naa ? |