| Author | Message | ||
     Guriginja Comedian Username: Guriginja Post Number: 1304 Registered: 02-2008 Posted From: 97.81.110.190 Rating: N/A |
long term mortgage rates like 30yr fixed is not dependent on fed rates so the fed rate cuts do not change/lower that. This rate depends on treasury bonds. For example if you have a 5.75% 30yr loan...I don't think you can beat that now..no matter how good your credit score is. On the other hand the fed rate cut affects short term loans like home equity loan/line, auto loans etc.....just my 2c. | ||
| Emc2 Junior Artist Username: Emc2 Post Number: 81 Registered: 03-2008 Posted From: 70.182.188.6 Rating: N/A |
i understand ,this is from federal housing loan scheme,because of the housing bubble they are doing this,i know it is difficult,but it is happening,i will post you more on this once i get a complete info...... just i am trying to find out more.......... ::naku evvaru fans leru,nene andariki favourite  | ||
| Cylonesubbarao Side Hero Username: Cylonesubbarao Post Number: 3945 Registered: 02-2008 Posted From: 170.61.18.228 Rating: N/A |
Never believe such things.... ala evadanna start chesaadu ante... inka sankaragiri manyaale. Highly impossible idhi. Nuvvu loan teesukunna no body is going to give you loan for 100%. You have to chip in atleast 20% to qualify for the rest 80% as your primary mortgage. 20% mottham manam deka lemu ante then banks give you secondary loan (home equity) to a max 15% (of total home value) | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 404 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Go to Yahoo Real Estate page and go check for Housing rates and their fall in Plainsboro,NJ...or Bridgewater,NJ...the houses that were about 550k 1 year back are now going for about 480k..that itself is a correction of 60k..just a sample | ||
| Emc2 Junior Artist Username: Emc2 Post Number: 80 Registered: 03-2008 Posted From: 70.182.188.6 Rating: N/A |
thats what i heard,evado chesthunnadu anta,i was trying to get some info on that,because home equity is insured anta,so adi poyina at least first mortgage ni refinanace chesthunnaru anta,it is threw federal housing loan or something, i am not clear.............. ::naku evvaru fans leru,nene andariki favourite | ||
| 3t3 Junior Artist Username: 3t3 Post Number: 12 Registered: 05-2008 Posted From: 207.114.255.54 Rating: N/A |
enti 650K illu 450K range ki padipoyaya? | ||
| Cylonesubbarao Side Hero Username: Cylonesubbarao Post Number: 3943 Registered: 02-2008 Posted From: 170.61.18.228 Rating: N/A |
Right off ante devudi katha lo eseddamu ana? NOOOOOOOOOOOOOOOOOOOOOOOOO  | ||
| Emc2 Junior Artist Username: Emc2 Post Number: 79 Registered: 03-2008 Posted From: 70.182.188.6 Rating: N/A |
but is it possible,lets say i buy intially for 650K and current market rate is 450K then can i refinance for 450 and right off remaining amount? ::naku evvaru fans leru,nene andariki favourite | ||
| Cylonesubbarao Side Hero Username: Cylonesubbarao Post Number: 3941 Registered: 02-2008 Posted From: 170.61.18.228 Rating: N/A |
Not necessarily..... it all depends on the current rate he is paying now and the new rate he is going to get. Also depends on if he is taking any points. Its a big math. | ||
| Truelies Junior Artist Username: Truelies Post Number: 726 Registered: 03-2008 Posted From: 74.237.6.152 Rating: N/A |
even i am also looking for similar info...so your monthly payments will come down if you do the refinance according to current market rates? | ||
| Emc2 Junior Artist Username: Emc2 Post Number: 78 Registered: 03-2008 Posted From: 70.182.188.6 Rating: N/A |
evarina illu refinance chesa ra,current market rate ki refinanace chesthunnaru anta,any body has idea abt it. ::naku evvaru fans leru,nene andariki favourite |
