| Author | Message | ||
     Time_pass Side Hero Username: Time_pass Post Number: 4005 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
/ ..aa discipline ki stick avuta ane anukuntunna // sign up for automatic payment. Daanilone monthly extra for pricipal intah ani sign cheyi anthe nela nela vaade laagesu kuntadu | ||
| Maverick Legend Username: Maverick Post Number: 39503 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
t_p thanks, emc..yes chala alochinchi why to corner ourselves anipinchindi..only thing is we need to be disciplined to pay as 15/20 when we can..aa discipline ki stick avuta ane anukuntunna Who is this DB member? | ||
| Emc2 Side Hero Username: Emc2 Post Number: 8083 Registered: 03-2008 Posted From: 199.107.16.132 Rating: N/A |
right anduke malli 20yrs ki convert avuthunna, naku ippudu unna situation lo optimized anipinchindi.. my current loan term remaining is 23yrs,so 20 yrs refi with same payments still i am saving 3 yrs worth of mortgage.. 15yrs worth kadu anipinchindi.. cherapakura chedevu. | ||
| Time_pass Side Hero Username: Time_pass Post Number: 4004 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
https://www.thirdfederal.com/Calculators/mortgage_refinance this is the best. I will see that "Total savings vs. prepayment" falls less than 2 years. If you are getting 3.625% for 30 then I do not think any one will beat it with the way the rates are as of today. | ||
| Maverick Legend Username: Maverick Post Number: 39500 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
how do u typically compute this break even in mortgage? Who is this DB member? | ||
| Maverick Legend Username: Maverick Post Number: 39499 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>If you are going to get a good rate where you braek even in less tahn 2 years why refinance. What difference does it make between builder bank or another bank. i don't know what i am eligible at a regular bank..since i had to go with builder mortgage, didnt bother..but i think i may get a better rate based on my credit score and i can't bargain that with builder..so 0 closing unte tappenti ani..regular banks better rate istayemo ani..i closed this at 3.625 Who is this DB member? | ||
| Time_pass Side Hero Username: Time_pass Post Number: 4003 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
//now i am with a builder mortgage company..oka 3k closing costs paddai,but i will get them back from my re agent..so 0 closing annate..i want to plan to regular bank in the coming few months..appudu malla appraise chestara home ni..its already appraised now. // If you are going to get a good rate where you braek even in less tahn 2 years why refinance. What difference does it make between builder bank or another bank. All these loans are sold to Fanie or Freddi at the end of day. These gus will become service providers. Not even the big banks keep loans on their books. | ||
| Simba Side Hero Username: Simba Post Number: 6372 Registered: 02-2008 Posted From: 206.210.27.33 Rating: N/A |
selling mortgage to bigger banks is very common. but, you cannot refinance with wells fargo until you close with your builder. And, wells fargo will appraise again even though you are current customer. that's a requirement for all mortgage lenders. | ||
| Maverick Legend Username: Maverick Post Number: 39498 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
simba, i can't go with outside bank now..i got some incentives for going with builder mortgage..builder mostly vadi loan ni wells fargo ki ammestam anandu..so may end up paying to wells fargo directly..so aa scenario lo if i refinance with wells fargo, will they appraise it again? Who is this DB member? | ||
| Simba Side Hero Username: Simba Post Number: 6371 Registered: 02-2008 Posted From: 206.210.17.33 Rating: N/A |
If you go with outside bank (not builder affiliated), they will appraise the house again just before closing. Depending on the house market there, the appraised value may be more or less than original appraisal by builder's bank. As I said before, in my case, the 2nd appraisal came much higher and I did not have to pay PMI. | ||
| Maverick Legend Username: Maverick Post Number: 39497 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>Already nee house, location, floor plan, mee intlo samanlu anni telusu. location/floorplan ok...i sent them to you(for HT setup) and jackie for vastu.. monnedo pool table gurunchi adigite samanlu guess kottara.. Who is this DB member? | ||
| Simba Side Hero Username: Simba Post Number: 6370 Registered: 02-2008 Posted From: 206.210.17.33 Rating: N/A |
Already nee house, location, floor plan, mee intlo samanlu anni telusu. Adhe chetto, nee SSN kooda pettu. Neeku credit check chesi, suitable mortgage suggest chestam. | ||
| Maverick Legend Username: Maverick Post Number: 39496 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
now i am with a builder mortgage company..oka 3k closing costs paddai,but i will get them back from my re agent..so 0 closing annate..i want to plan to regular bank in the coming few months..appudu malla appraise chestara home ni..its already appraised now. Who is this DB member? | ||
| Maverick Legend Username: Maverick Post Number: 39495 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>>no appraisal ila kooda chestara? how can they be sure of the home value? Who is this DB member? | ||
| Maverick Legend Username: Maverick Post Number: 39494 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
emc since u r planning on 15 yr..check this..this makes sense to me on a low interest environment http://www.fiscalgeek.com/2010/03/is-a-15-year-mortgage-fina ncial-suicide/ i did do the math..typically in the first 5 yrs for my loan, i am paying an additional interest of 6K which we can easily get back if we do a simple FD in india..it gives you more flexibility on what u r obligated to pay and what u want pay at ur wish Who is this DB member? | ||
| Emc2 Side Hero Username: Emc2 Post Number: 8081 Registered: 03-2008 Posted From: 199.107.16.132 Rating: N/A |
at present i am paying 4% 30yrs no closing ,no appraisal,no point buying.. now i am getting 15 year 3% and 20yrs 3.5%.. cherapakura chedevu. | ||
| Gsn1 Comedian Username: Gsn1 Post Number: 1635 Registered: 03-2008 Posted From: 131.70.204.121 Rating: N/A |
Mav, If you can get ZERO closing costs and your principle remains same after the re-finance, go for it as many times as you want. I am currently doing a refinance with the above criteria. Once the current refinance closes, I am planning to refinance again to get better rate. My current rate is 4.25 and once refinance is done it will be 3.75 (both for 30 Years). I beleive, I can get better than 3.75, so would try again after this closes in another week or 2. | ||
| Time_pass Side Hero Username: Time_pass Post Number: 4002 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
I use this calculator https://www.thirdfederal.com/Calculators/mortgage_refinance the break even should be less than 2 yeras. | ||
| Ravino786 Hero Username: Ravino786 Post Number: 16910 Registered: 12-2006 Posted From: 199.4.21.2 Rating: N/A |
1 percent and above is good..less than that not worth anukunta Rajanna Amar Hai. | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 14579 Registered: 02-2008 Rating: N/A |
http://finance.yahoo.com/news/zuckerbergs-loan-gives-meaning -1-040001347.html zuckerberg refinanced houze for 1% antha...FB lo message ettu zucker kurrod ki | ||
| Ravino786 Hero Username: Ravino786 Post Number: 16909 Registered: 12-2006 Posted From: 199.4.21.2 Rating: N/A |
closing costs should be covered at least in max 2 years.., leda waste ... Rajanna Amar Hai. | ||
| Maverick Legend Username: Maverick Post Number: 39493 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
typical ga meeru eppudu chestaru refinance? i mean what difference in % rate that will drive you? Who is this DB member? |
