| Author | Message | ||
     Machomegastar Comedian Username: Machomegastar Post Number: 1190 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
yeah ! they will chek each and everything I guess Praja Rajyam zindabad!! | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 330 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
Macho, The third questions asks this - Are you having trouble paying your mortgage? For example, have you had a significant increase in your mortgage payment OR reduction in your income since you got your current loan OR have you suffered a hardship that has increased your expenses (like medical bills)? - The answer is no in my case and even if I say yes, I would think the mortgage vendor would want to check what financial hardship I am facing. am I wrong? | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1189 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
whay you can't get qualified can explain me?? Praja Rajyam zindabad!! | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 329 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
yeah, if I truthfully answer, I don't qualify for either program | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 601 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Dheeni prakaram aithe qualify avvamu. | ||
| Spy_india Side Hero Username: Spy_india Post Number: 2486 Registered: 02-2008 Posted From: 135.214.150.100 Rating: N/A |
evaru seattle inkokaru ???? | ||
| Mrhyderabad Comedian Username: Mrhyderabad Post Number: 1295 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Go to the homepage and try both the options. If you qualify for any one option it is good. One is loan modification and second is re-fi. I took 5/1 ARM with 5% down payment  And no PMI as well.Perception is immune to Intellectual Correction ... | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 327 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
Mr. Hyd, thanks. I don't know if I qualify for this thing. Just went thro the questionaire and picked NO for question 3 since I was trying to be truthful. Mine is 5.75% fixed rate, so there is no increase in rate. I should have done a 5 year ARM. I thought I am doing a good thing by paying 20% down and getting a fixed rate loan. . Are you having trouble paying your mortgage? For example, have you had a significant increase in your mortgage payment OR reduction in your income since you got your current loan OR have you suffered a hardship that has increased your expenses (like medical bills)? | ||
| Mrhyderabad Comedian Username: Mrhyderabad Post Number: 1294 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Show him this link... http://www.makinghomeaffordable.gov/modification_eligibility .html Perception is immune to Intellectual Correction ... | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 326 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
I am talking to countrywide right now and the guy says what is the mortgage being more than 33% of monthly income thing, I never heard that. Can someone help me out here? | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 600 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Annavaram, Got it. | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1184 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
don't downpay 7k again, may be down the road your house rates still go down, then you can do refinance I guess Praja Rajyam zindabad!! | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 520 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
:-) actual gaa meeru cheppindi correct raakudadu, kaani aadu appudu ala icchi sachaadu infact a couple of banks competed to give it 95% one loan | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1183 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
THey wil do something for you definetely. either they redicr ineterest rate or they will reduce your peinciapla amount to 380k Praja Rajyam zindabad!! | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 325 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
Mikky, my loan value is only 7k more than the current home values. I paid 20% down when I bought and paid off a lot towards principal too. dikkumalina countrywide said I have no refinancing options when I initially called them. I haven't called them to say I will pay down 7k. I am still not sure if it's worth it like Mr. Hyd said. | ||
| Mrhyderabad Comedian Username: Mrhyderabad Post Number: 1293 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Thread starting lo cheppa 
Most likely they will reduce the interest rate if you have good credit history. Perception is immune to Intellectual Correction ... | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 599 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Thank you Macho. eppudu eligible ethey bank call chesi adigithe whats going to happen. Refi chesi rate thaggistada or mortagage 425 nundi 380 chestada? | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1182 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
if this is the case you are 100% eligible Praja Rajyam zindabad!! | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1181 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
is it true exact ga nenu cheppina example lo vunnatte vunnade?? no offence!!
Praja Rajyam zindabad!! | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 598 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Annavaram, >>>>nope those were the good days when i didnt have to down 20>>>> Ala aithe okka loan 5.8 ki ela vachindhi. Memu 5% down chesamu. So 80% one loan which is 5.75 and 15% one loan which is 7.75. | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1180 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
depends on banks usually they consider montly salries b'coz tax retirns you wil get at the end of the yaer Praja Rajyam zindabad!! | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 597 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
house 450,000 and paid 25K. now the value is 380,000 anukunta. so 2007 nundi mpay chestunnam. monthly 3k (including tax and HOA). | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 519 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
nope those were the good days when i didnt have to down 20 luckily in my area prices havent come down so i lucked out there with some equity into it already | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 596 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Guttonkey, 10k pay cheste saripothundha ani. Endhukante home value bagane thaggindhi. Maa ellu aithe 80k varaku thaggindi. So 10k kadithe oppukuntada ani. Alage refi with other bank aa or same bankaa. Same bank aithe value thaggina estadu kadha? vere bank aithe evvadu. | ||
| Mrhyderabad Comedian Username: Mrhyderabad Post Number: 1292 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Not a good idea emo in my opinion. Unless you are planning to settle in that house for a really long time. What if housing market doesn't come up in next 5 years. Perception is immune to Intellectual Correction ... | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1179 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
whatabout your house value and mortgauage value?? Praja Rajyam zindabad!! | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 324 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
Macho, net salary is my annaul salary from the W2? | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 518 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
lascolinas lo mama | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 595 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Goonda, > 33% ayitey meeru eligible anukunta>>> 33% avvadam ledhu. few hundrends income ekkuvaga undhi. | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 322 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
mikkymouse, that's what countrywide told me. I just called another broker. He asked me to call him next week. If needed, I am thinking I will pay 10k down to reduce my loan rate and refinance b'coz if I get 4.6% or so, I will save a lot over the years compared to being stuck with 5.75% What do you think? | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 517 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
mama if posibble get rid off the second loan if it's not too much, pay it off then your first loan can come down significantly to 4.62 to 4.70 also you would have built some equity into the house if the prices havent fallen down in your area so you can finance the loan after the equity which wil drop your emi significantly only downside some fees you have to pay ranges from 1% of your home value to up but's it's a one time fee and you will recover that within 9months to a year in savings on your emi | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 594 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Annavaram, >>> no just one loan>>>> Ante meeru 20% down chesara? ala kakapothe one loan ela thakkuva rate ki ravalante emi cheyyali? | ||
| Goonda Hero Username: Goonda Post Number: 11661 Registered: 02-2007 Posted From: 199.82.243.73 Rating: N/A |
thanks bayya, will check with them. Dallas lo ekkada bayya nee illu? | ||
| Goonda Hero Username: Goonda Post Number: 11660 Registered: 02-2007 Posted From: 199.82.243.73 Rating: N/A |
> 33% ayitey meeru eligible anukunta | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 593 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Guttonnkey, >>>>>>I couldn't refinance b'coz my home value is lower than my loan value at this time.>>>>>> Andharidhi edhe paristithi kadha. Macho garu cheppina first point edhega. So meeru endhuku qualify avvaru? | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 592 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Macho, Lets my monthly payments are $3000 and my houseold income is 9500 or 10000. Eppudu 33% kanna konchem ekkuva income undhi. So qualify avuthama leka exact ga 33% ravala? | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 516 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
kingfg.com loan origination fee aithe kontha undi clsoing waive chesthaa antunnadu so not a bad deal, talk to him | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 515 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
no just one loan | ||
| Goonda Hero Username: Goonda Post Number: 11659 Registered: 02-2007 Posted From: 199.82.243.73 Rating: N/A |
bayya, mee lender info koddiga ivvava? and also are you paying anything towards closing costs for refinance? | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 591 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Gurigina, >>>>>.shouldn't mater I guess...call chesi confirm chesukovacchemo...qualify ayithe it is a very good option anukuntunna.>>>>. Qualify aithe vache benifits enti? Evariki call cheyyali? | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 321 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
I couldn't refinance b'coz my home value is lower than my loan value at this time. I am at 5.7% and I guess I have to cough up quite a bit since they are only doing 80% of LTV. People like me who bought at the peak and never missed a payment are so screwed these days. My friend who is in the same boat as me was told if he stops payments then they can renegotiate. I am sure there are repurcussions if he stops payments, but I don't know what they will be. Jodhaa, you should buy if u think your jobs are safe. This is a great time to buy. Prices are still sliding, u can probably wait some more months and see. | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1178 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
let us say your baught your home for 450k and you did downpayment of 25k so your loan amiount is 425k now if the value of home is 380k(as home rates dropped darstcally now a days in all areas) then you are eligible They will take net salary including tax returns(not gross) into consideration Praja Rajyam zindabad!! | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 590 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Maa first loan 5.75% and second loan 7.75%. So memu refi ki velithe ee rates ki ravachu. Credit history entha undali konchem clesr ga chebuthara? likunte mikkumouse9@gamil.com ki email chestara? | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 589 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Annavaram, Meeku second loan ledha? | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 588 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Macho, >>>>if your home mortagaue is more than your current home value(appreciated value) or your mortgauage payments are more than 33% of your salary >>>> Evi rendoo konchem clear ga cheppandi. First one bhaga clear ga cheppandi. Second one salary ante Gross amounta or Net amounta? edhukante gross aithe deffenet ga 33% undadhu. Net aithe konchem dhaggaraga (ante oka $500 ekkuva)33$ untundhi. | ||
| Guriginja Side Hero Username: Guriginja Post Number: 7616 Registered: 02-2008 Posted From: 70.33.123.38 Rating: N/A |
shouldn't mater I guess...call chesi confirm chesukovacchemo...qualify ayithe it is a very good option anukuntunna. YSR ZINDABAD...YSR 2009. | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 587 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Gurigina, Memu 2006 Dec ending lo konnamu. | ||
| Guriginja Side Hero Username: Guriginja Post Number: 7614 Registered: 02-2008 Posted From: 70.33.123.38 Rating: N/A |
bedar who is the lender...closing costs yentha? YSR ZINDABAD...YSR 2009. | ||
| Guriginja Side Hero Username: Guriginja Post Number: 7613 Registered: 02-2008 Posted From: 70.33.123.38 Rating: N/A |
wells fargo has a simple 3 step refinancing. It has some requirements, we tried contacting them but, it is not applicable to owners in GA annadu...see if you qualify. It is refinancing with no closing costs! call the 1-800 # in the link and find out if you qualify. http://www.stthomas.edu/hr/benefits/files/3step.pdf YSR ZINDABAD...YSR 2009. | ||
| Goonda Hero Username: Goonda Post Number: 11656 Registered: 02-2007 Posted From: 199.82.243.73 Rating: N/A |
yeh bank mama, i'll also try. are paying for origination fees, points? | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 514 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
5.8 mama, ee week refi chesthunna 4.62 ki lock | ||
| Chiru_fan Side Hero Username: Chiru_fan Post Number: 5923 Registered: 04-2008 Posted From: 170.22.76.10 Rating: N/A |
/nuve ee ae lo vuntavo thelavadu kani..good time for buying house..../ Selli settled in Columbus, OH | ||
| One Side Hero Username: One Post Number: 9666 Registered: 09-2008 Posted From: 72.190.28.18 Rating: N/A |
nuve ee ae lo vuntavo thelavadu kani..good time for buying house.... Jai TDP....Vote for TDP | ||
| Goonda Hero Username: Goonda Post Number: 11655 Registered: 02-2007 Posted From: 199.82.243.73 Rating: N/A |
mama, whats your APR for home loan? | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 513 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
good decision 8k tax break, all time low rates the only challenge will be to secure a loan min 20% down lekunda chaala banks ivvatam ledu prastutam | ||
| Annavaram Junior Artist Username: Annavaram Post Number: 512 Registered: 12-2006 Posted From: 71.97.8.227 Rating: N/A |
i have my loan with wellsfargo too, negotiating with them to lower is not a good idea just go for refi, has the value on your house drop drastically in your area, there are sveral factors which weigh in, the current rates are at 4.62 on a 30 yr fixed it's better to refi since that drops your monthly payment considerably | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1177 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
ippudu hyd lo kani kmmlo kani realestate lo pettina minmum 5 years rates perige chance ledu. manollu ila freebies pedthe inko 10 years kooda no chance US lo if wnat to settle donw for longtime if not fulltime, and you have kids and you have a long term client and you want to enjoy the home, I guess you can go ahead and buy. Praja Rajyam zindabad!! | ||
| Rebel Side Hero Username: Rebel Post Number: 3953 Registered: 02-2008 Posted From: 151.151.21.100 Rating: N/A |
tamudu nuvvu mod vaa....shhhh anagane post delete aipoindi | ||
| Chiru_fan Side Hero Username: Chiru_fan Post Number: 5920 Registered: 04-2008 Posted From: 170.22.76.10 Rating: N/A |
/Ippude 1/2 page email icha about hydbad real estate/ Hyd chiccha...konchamm aa details postuthaaraa ikkada? | ||
| Machomegastar Comedian Username: Machomegastar Post Number: 1176 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
actaullly 850 billion stimulus lo home maortagage taggincahalnai clause pettaru if they satisfy these conditions. if your home mortagaue is more than your current home value(appreciated value) or your mortgauage payments are more than 33% of your salary
usaully bank vallu foreclosure ki eppudu potharante if the home mortaguage is 80% of current home value vunte. me frined vishayamlo ide jarigivundochu Praja Rajyam zindabad!! | ||
| Mrhyderabad Comedian Username: Mrhyderabad Post Number: 1288 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Ippude 1/2 page email icha about hydbad real estate... appude target change chesaara?  Perception is immune to Intellectual Correction ... | ||
| Mrhyderabad Comedian Username: Mrhyderabad Post Number: 1287 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
First things first - Homeowners stopping the payments was the whole reason we are in current situation. Some did because they couldn't pay anymore and some did because house value was very less and they don't want to pay old market value. So that's definitely not a good idea. What ever offers that your friends have received might have come through Obama's plan. You can contact your banker to check if there is any such offer available for your loan under this plan. No need to stop making the payments. Also, if you or your spouse is unemployed then demonstrate the same to banker and you might be able to get a bigger discount. Also, check with your friends about their offers. Did they just lower the monthly payment by increasing the loan tenure or did they reduce the Interest rate on loan? My banker said, he can reduce the rate by 0.50 % so i am still checking with other banks. Perception is immune to Intellectual Correction ... | ||
| Jodhaa Side Hero Username: Jodhaa Post Number: 8887 Registered: 02-2008 Posted From: 65.186.82.73 Rating: N/A |
dhaani meaning enti?  | ||
| Jodhaa Side Hero Username: Jodhaa Post Number: 8886 Registered: 02-2008 Posted From: 65.186.82.73 Rating: N/A |
GOLD ki paisalu levu anna..next year konta  | ||
| Rebel Side Hero Username: Rebel Post Number: 3951 Registered: 02-2008 Posted From: 151.151.21.100 Rating: N/A |
 | ||
| Chiru_fan Side Hero Username: Chiru_fan Post Number: 5918 Registered: 04-2008 Posted From: 170.22.76.10 Rating: N/A |
/e time lo, US lo house theesukovatam good decision aa leka bad one aa?/ Selli, GOLD set sesukoo....idhi best time ani monna Ashton kurrodu cheppadu.. | ||
| Jodhaa Side Hero Username: Jodhaa Post Number: 8884 Registered: 02-2008 Posted From: 65.186.82.73 Rating: N/A |
e time lo, US lo house theesukovatam good decision aa leka bad one aa? | ||
| Nijam_cheputha Legend Username: Nijam_cheputha Post Number: 292 Registered: 03-2009 Posted From: 193.200.150.137 Rating: N/A |
nuvv enni konnavu mama | ||
| Guttonkay Junior Artist Username: Guttonkay Post Number: 320 Registered: 05-2008 Posted From: 209.246.0.14 Rating: N/A |
Mikkymouse garu, evaranna countrywide tho ee no payments to get payments lowered pani chesi vunte cheppandi | ||
| Goonda Hero Username: Goonda Post Number: 11650 Registered: 02-2007 Posted From: 199.82.243.73 Rating: N/A |
If you are filing jointly and making <150k then you are entitled for 8k first time home buyer credit. You should not own a home in last 3 years, you can not sell the new home in next 1 yr | ||
| Mass Side Hero Username: Mass Post Number: 7331 Registered: 04-2008 Posted From: 12.168.68.11 Rating: N/A |
Seattle lo enduku kani illu Michigan lo konandi inkokati.oka illu 5000$ lo 5 bedroom full safety full water no pollution as gm is closing http://prpsucks.blogspot.com/ | ||
| Rebel Side Hero Username: Rebel Post Number: 3950 Registered: 02-2008 Posted From: 151.151.73.164 Rating: N/A |
ee yr lo illu konte 8K istaru...you can talk to the bank regarding other options like refinance etc which will decrease the monthly payments | ||
| Mikkymouse Junior Artist Username: Mikkymouse Post Number: 586 Registered: 04-2008 Posted From: 216.111.115.2 Rating: N/A |
Home owner stimulas package ki everu qualify gurinchi oka thread undedhi. Search cheste kanipincha ledhu. A question tho paatu few more new doubts unnayi. Ee madya kotha mandhi freinds payments kattadam manesthe vallaki payments bhane thagincharu + okkariki aithe eppu home value entho undho antheke home value lekka katti payments cheyya mannaru. Enkokallu payments kattaka pothe bank vadu payments thagginchanu fore closer ki velathanu ani worn cheste vallu bhaya padi malli kattadam start chesaru. So adhi banks ni batti untundhi. Payments cut cheyyadam lo citi bank mundhu undhi. Memu Wells Fargo nundi theesukunnam. Ee bank meedha evarikayina idea undha. mee mee experinace konchem post chesi telisina vivaralu echi advise cheyyandi please  |
