| Author | Message | ||
     Vasista Junior Artist Username: Vasista Post Number: 18 Registered: 05-2012 Posted From: 24.17.132.24 Rating: N/A |
There is no difference in Tax saving between 15 and 30 years.. I somehow thought Ammortization for 30 versus 15. | ||
| Maverick Legend Username: Maverick Post Number: 39010 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>So you can build some equity faster and get maximum tax benefit. how does this give max tax benefit? Who is this DB member? | ||
| Vasista Junior Artist Username: Vasista Post Number: 17 Registered: 05-2012 Posted From: 24.17.132.24 Rating: N/A |
two things you want to consider: 1) Are you going to stay in the house for over 15 years? 2) If you are buying another house, do you consider keeping it and renting out? 3) Do you have ideas of gently using money for other investments? You should go with 30 year if the answer is yes for the above questions. If you want to move out or sell in the next 7 or so years, 15 year is good. So you can build some equity faster and get maximum tax benefit. Either way, you should have at least 10 months buffer to survive. You will spend more on the house, and need to prepare for worst cases. | ||
| Andhrawala Hero Username: Andhrawala Post Number: 13349 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
I am having currently 30 year loan. but pay 500 extra every month. 15 year ki marchaaali anukuntu vuntaaa. but badhakams but nee loan balance thakkuve kabatti 15 year makes sense. Racha - second biggest hit Charan ke untademo antunnadu | ||
| Aha Comedian Username: Aha Post Number: 1244 Registered: 01-2011 Posted From: 170.136.110.10 Rating: N/A |
30 yrs ki teesukuni, unnappudu prepayments kattukuntu pothe better. oDupunna pilupu odigunna pulupu oka gontu lone palikindi, adi yE raagamani nannaDigindi | ||
| Kalikaalam Side Hero Username: Kalikaalam Post Number: 6029 Registered: 01-2008 Posted From: 171.159.64.10 Rating: N/A |
Mostly vundavu (30 years fixed ki). Ayina, okasaari munde adigi alaa penalties lenivi thisukondi. | ||
| Maverick Legend Username: Maverick Post Number: 39008 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>pre-payment penalty ani untundhi. matladite forclose antunna ee rojullo prepayment penalty inka unda..i dont have it Who is this DB member? | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 29579 Registered: 02-2008 Rating: N/A |
pre-payment penalty ani untundhi. but mundhugaanay....you can make arrangements to avoid it, with a clause in the mortgage agreement. | ||
| Idiot1 Side Hero Username: Idiot1 Post Number: 2453 Registered: 07-2008 Posted From: 199.245.32.210 Rating: N/A |
loan 30 years term kante mundu close chesthe penalties lantivi em undavaa? | ||
| Time_pass Side Hero Username: Time_pass Post Number: 3964 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
// what about taking 30 yr only and still make additional payments towards the principal just to have the flexibility to invest or put money back in the home. does a simple fd with 10% interest still better than putting the money in home and not sure how it would go(north or south) // If you want flexibility that would be a good option. take 30 year loan but pay like it is 15. If some thing comes up you can pay the regular 30 The other one you are talking a FD in NRE. It has its own risks. You get less when converting and pay more when you bring it back. Then add the volatility of USD to INR conversion Every investment has its risks, just which way you wana go | ||
| Kalikaalam Side Hero Username: Kalikaalam Post Number: 6026 Registered: 01-2008 Posted From: 171.159.64.10 Rating: N/A |
Oka vela market mari down avuthondi anukonte, yi extra payement aapaeyyochu. manaku flexibilty yekkuvagaa vuntundi. | ||
| Kalikaalam Side Hero Username: Kalikaalam Post Number: 6025 Registered: 01-2008 Posted From: 171.159.64.10 Rating: N/A |
nenu expert ni kaadu. naa idea. 30 years thisukoni, every 2 weeks ki intha ani additonal gaa(any small amount) pay chesthe yi additonal amount direct gaa principle ki veluthundi. Monthly commitment thakkuva gaa vunchukovachu. idi naa middle class alochana and nenu follow avuthunnadi. | ||
| 999 Junior Artist Username: 999 Post Number: 45 Registered: 06-2012 Posted From: 207.106.153.102 Rating: N/A |
ala anukuntam kaani most of the cases lo except monthly payment, money vundadu/no pay. first lo kontha encouragement tho extra pay chestaru then as usual... | ||
| Maverick Legend Username: Maverick Post Number: 39002 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
T_P what about taking 30 yr only and still make additional payments towards the principal just to have the flexibility to invest or put money back in the home. does a simple fd with 10% interest still better than putting the money in home and not sure how it would go(north or south) Who is this DB member? | ||
| Time_pass Side Hero Username: Time_pass Post Number: 3963 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
Mav, The 15 year has low rate than 30 but you pay more per month(roughly 2/3) On the long run you pay less interest. If you have the money to pay the high monthly payment then go for 15. if not go for 30. Evadiko boodida lo poyatam enduku? vere chotla invest cheyochhu ani antunnaru, batti where is the guarentee? You see gold, real estate , stock market if you hit bulls eye yes you will make money but most of the time you are treading water | ||
| Emc2 Side Hero Username: Emc2 Post Number: 7885 Registered: 03-2008 Posted From: 199.107.16.132 Rating: N/A |
US lo kuda untadi aa 5,7,10 yr fixed morgage those are different packages,apart from we have 15 ,20,25,30 yrs fixed also.. cherapakura chedevu. | ||
| Pipeline Comedian Username: Pipeline Post Number: 1421 Registered: 05-2009 Posted From: 66.244.207.150 Rating: N/A |
US sangathi naaku complete ga theleedu gaani, Canada lo ayithe ila vuntundi. 25 year amortization period, 5, 7 or 10 year interest rate (either fixed or variable). at present we have about 3.5% for a 5 year closed & fixed mortgage rate; you can select the amortization period anywhere between 5 to 25 years. most of the first time buyers go for a long amortization period. let's say you have 5 year closed mortgage at fixed rate, then you will have to rengotiate the interest rate after the 5 year term. variable ayithe it would be linked to prime rate. adi change ayinappudalla, mee rate change avuthundi. | ||
| Emc2 Side Hero Username: Emc2 Post Number: 7884 Registered: 03-2008 Posted From: 199.107.16.132 Rating: N/A |
untundi,india is different,ikkada fixed ante fixed thats it.nee payments lo change undadu.. cherapakura chedevu. | ||
| Funny Side Hero Username: Funny Post Number: 4239 Registered: 08-2008 Posted From: 65.165.4.60 Rating: N/A |
ok got it. Take it easy | ||
| 999 Junior Artist Username: 999 Post Number: 44 Registered: 06-2012 Posted From: 207.106.153.102 Rating: N/A |
15 | ||
| Idiot1 Side Hero Username: Idiot1 Post Number: 2447 Registered: 07-2008 Posted From: 199.245.32.210 Rating: N/A |
neeku aithe 30 year best anukuntunna. aa migilina amount tho inko apt set chestaav india lo  | ||
| Funny Side Hero Username: Funny Post Number: 4237 Registered: 08-2008 Posted From: 65.165.4.60 Rating: N/A |
adi kaadu annai, for example 4% interest ki fix ayyamu for 30 yrs. So 30 yrs 4% ee vuntundaa?? or they increase interest ate over the time?? India lo fixed and variable ani vvuntundi kada. Fixed ki koncham ekkuva baaduthaadu current interest rate kanna. But it is fixed for 5 yrs. Variable current rate vuntundi kaani, 1 yr fixed gaa vunchuthaadu, taruvaatha penchuthaadu. aa concept eena ikkada kuda?? Take it easy | ||
| King Side Hero Username: King Post Number: 3404 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
you pay around 3.5 APR wher as you pay around 12% interest in India. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Emc2 Side Hero Username: Emc2 Post Number: 7883 Registered: 03-2008 Posted From: 199.107.16.132 Rating: N/A |
fixed means fixed for that time period. arm untadi that is for 5,7 10 ila after that period it is variable.you rate is based on LIBER+1% usually after that arm end cherapakura chedevu. | ||
| Maverick Legend Username: Maverick Post Number: 39000 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>is this standard all the time?? current rates avi..they change all time Who is this DB member? | ||
| Pipeline Comedian Username: Pipeline Post Number: 1419 Registered: 05-2009 Posted From: 66.244.207.150 Rating: N/A |
leaving the tax implications aside, lowest amount you pay in interest is better i.e., short term mortgage. If you have the flexibility pay it off as fast as possible. voorike edo lekkalesi, aa migilchina konchem theesikelli stock market lo dobbette badulu mortgage pay off cheyatam better. | ||
| Funny Side Hero Username: Funny Post Number: 4235 Registered: 08-2008 Posted From: 65.165.4.60 Rating: N/A |
is this standard all the time?? ante india lo laaga variable / fixed ani vuntundaa?? Take it easy | ||
| Maverick Legend Username: Maverick Post Number: 38998 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>Kakapothe intha takkuva interest ki neeku ekkada loan dorakadu. ardham kaaleud ee statement in the whole post Who is this DB member? | ||
| Maverick Legend Username: Maverick Post Number: 38997 Registered: 01-2008 Posted From: 70.39.231.164 Rating: |
credit 745 undi as of may..last dec lo 775 undedi..$ 50+ ani cards geeki india ki tosa..unexpected gc home buying anticipate cheyyaledu.. 30 yr meeda enta undi bankrate lo Who is this DB member? | ||
| Maverick Legend Username: Maverick Post Number: 38996 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>tax kattatam better aa interest kattatam better aa?? tax katti chinna apt lo undatam kante, intrest katti pedda intlo undacchu kada Who is this DB member? | ||
| Emc2 Side Hero Username: Emc2 Post Number: 7882 Registered: 03-2008 Posted From: 199.107.16.132 Rating: N/A |
nadi 30 yrs undi at present 4% apr,danini 15 ki refi cheyisthunna 3% ki vasthundi.. malli ippudu re thinking chesthunna,30 yrs ki 15 yrs ki i have to pay $500 extra.. enduku cheyala ani aalochisthunna,aa money vere chota invest chesukovachu kada.. we can get more..now i want to go for 20 year one,so it will lower my payment a bit.. its a personal choice what do you wanted to do with your money... cherapakura chedevu. | ||
| Funny Side Hero Username: Funny Post Number: 4233 Registered: 08-2008 Posted From: 65.165.4.60 Rating: N/A |
tax kattatam better aa interest kattatam better aa?? Take it easy | ||
| Maverick Legend Username: Maverick Post Number: 38995 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>if both are working...go for 15 30 yrs lo...you end up paying lots of interest in the initial years. looking in terms of property value staying the same and averting the general risk of housing market, and investing the cash wisely. putting money into home is easy, getting out is difficult kada Who is this DB member? | ||
| King Side Hero Username: King Post Number: 3401 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
15 Years plus is ..you get out of mortgage ver early and pay less interest. Kakapothe intha takkuva interest ki neeku ekkada loan dorakadu. I would go with 30 years and invest the extra amount in high yielding return investment. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 29577 Registered: 02-2008 Rating: N/A |
if both are working...go for 15 30 yrs lo...you end up paying lots of interest in the initial years. | ||
| Netsaint Side Hero Username: Netsaint Post Number: 4101 Registered: 05-2008 Posted From: 198.228.200.29 Rating: N/A |
Mav why pay more. Interest Ekkuva kada 30yr ki My Telugu Bhakthi Blog :http://gurugeetha.blogspot.com/ | ||
| Maverick Legend Username: Maverick Post Number: 38994 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>ala kaakunda motham amount pay chesthe tax rebate emi vundada??? emi undadu.. Who is this DB member? | ||
| Funny Side Hero Username: Funny Post Number: 4230 Registered: 08-2008 Posted From: 65.165.4.60 Rating: N/A |
also, illu loan meeda teesukunte tax rebate vosthundi kada. ala kaakunda motham amount pay chesthe tax rebate emi vundada??? Take it easy | ||
| Maverick Legend Username: Maverick Post Number: 38992 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
edi better? what do u currently have..calling mortgage experts Who is this DB member? |
