| Author | Message | ||
     Executor Junior Artist Username: Executor Post Number: 213 Registered: 04-2010 Posted From: 65.121.139.2 Rating: |
avi Bala ki padda stars mama. | ||
| Executor Junior Artist Username: Executor Post Number: 212 Registered: 04-2010 Posted From: 65.121.139.2 Rating: |
 | ||
| Scarface Junior Artist Username: Scarface Post Number: 20 Registered: 05-2010 Posted From: 63.98.68.252 Rating: |
5 stars matuku applam ga veyyi paina d'gavu kada  | ||
| Scarface Junior Artist Username: Scarface Post Number: 19 Registered: 05-2010 Posted From: 63.98.68.252 Rating: |
hyder, bottom line, u are at the mercy of the lender with ARM, no other way about it..only way u can win with ARM financing is if you are agressive and pay off the loan early..for control go for conventional..pass the word if it is useful in anyway | ||
| Executor Junior Artist Username: Executor Post Number: 211 Registered: 04-2010 Posted From: 65.121.139.2 Rating: |
Scarai - nenu ippati varaku evadiki single kottaledhu. | ||
| Scarface Junior Artist Username: Scarface Post Number: 18 Registered: 05-2010 Posted From: 63.98.68.252 Rating: |
ante konta mandi high profile customers ki ittanti avakasalu tagultai..may be you have a good standing with ing and he wants your business in other areas..normal masses ki yeppudu rodd ye paduddhi  | ||
| Scarface Junior Artist Username: Scarface Post Number: 17 Registered: 05-2010 Posted From: 63.98.68.252 Rating: |
mrhyder ki singles em anna guddhava? asale stars ante carze ekkua neeku..guddhava, guddaleda  boothulu lekunda answer seppu | ||
| Executor Junior Artist Username: Executor Post Number: 209 Registered: 04-2010 Posted From: 65.121.139.2 Rating: |
Scarai endi ee "ARM" wrestling? | ||
| Scarface Junior Artist Username: Scarface Post Number: 16 Registered: 05-2010 Posted From: 63.98.68.252 Rating: |
to put in a proper perspective, assume the following for a loan of 240k: person 1 had a 30 year with 6.5% person 2 had an ARM for 5.75 for 5 years. End of 4th year, refinanced with a new ARM for 4.25%..Second refi closing cost is $1800 now, assume we are looking at the numbers at the end of 8 years for both, clock started on Jan 1st 2005. for person 1, at the end of 8 years @ 6.5% on 240k loan(jan 1st 2013) - Principle remaining to be paid on loan = 212,776.03 - total Equity accumulated after 8 years = 11.34% or $27,223.97 For person 2, at the end of 4 years @ 5.75 arm on 240k loan( jan 1st 2009) - Principle remaining to be paid on loan = 226,512.94 - total Equity accumulated after 4 years = 5.61% or 13487.06 For person 2, at the end of next 4 years @ 4.25 arm on 226,512.94 loan( jan 1st 2013) - Principle remaining to be paid on loan = 210,216.15 - total Equity accumulated after 8 years = 12.09% or $29783.85 person2 is ahead by person1 by (29783.85 - 27,223.97) $2559.88..but had a closing cost of $1800, so the final amount person2 is ahead after 8 years is 759.88 the fun part starts next..time for refinance for person2..person2 details after second refi coming in next post also, person2 is very lucky to get the rate of 4.25% at the end of 4 years..he could easily landed in a position where the arm rate is more than 6% | ||
| Scarface Junior Artist Username: Scarface Post Number: 15 Registered: 05-2010 Posted From: 63.98.68.252 Rating: N/A |
koddhiga busy ga unna will get back to u soon | ||
| True_indian Side Hero Username: True_indian Post Number: 5214 Registered: 01-2008 Posted From: 174.96.142.227 Rating: N/A |
bankrate.com mortgage calculator and chk amortization schedule we need kakarla to certify lot of Mental Kandidates | ||
| Rajusk Side Hero Username: Rajusk Post Number: 9874 Registered: 02-2008 Posted From: 165.254.117.43 Rating: N/A |
Amortization Calculations ani evo untai kada..total cost of house at the end of term choopinchevi | ||
| Rebel Side Hero Username: Rebel Post Number: 7778 Registered: 02-2008 Posted From: 24.118.198.14 Rating: N/A |
maree 1.5 undadu bro...double untadi max...600k is correct anukuntunna | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 6431 Registered: 01-2008 Posted From: 167.230.38.120 Rating: |
 mortgage calculator okasari use cheyandi :-) U take 300K now.. but will be paying it for 30 years. Over the years money value kuda taggutundi kadaa due to inflation... 300K today will not be 300K 10 years or 30 years down the line. If god doesn't like the way I live, let him tell me, not you | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 6430 Registered: 01-2008 Posted From: 167.230.38.120 Rating: |
Scarface, basti mein sawaal ani cheppi.. numbers isthe answer cheyakunda singles vesthunnavaa?  Na calculation tappu vunte adi ayina cheppi vellu.. If god doesn't like the way I live, let him tell me, not you | ||
| Bunty717 Side Hero Username: Bunty717 Post Number: 8288 Registered: 02-2008 Posted From: 161.185.151.155 Rating: N/A |
600k enti mama.. it will be more 1.5 mil for sure ga.. and house valuse kuda ante appreciate avutundi after 30yrs .. so money wife manaki emi profit ledu.. mana meeda banks bratikestunnayi.. whistle esthe pilladni kottadam chiru tappu... daariki addu vochi meeda padatante pakkaki toyyadam tappu kane kadhu -- OT | ||
| True_indian Side Hero Username: True_indian Post Number: 5211 Registered: 01-2008 Posted From: 174.96.142.227 Rating: N/A |
documents 2 weeks late ga pampi nannudu ING mortage dept director called me(after my umpteen abusive messages) and sent 250 dollar credit towards my loan  we need kakarla to certify lot of Mental Kandidates | ||
| True_indian Side Hero Username: True_indian Post Number: 5210 Registered: 01-2008 Posted From: 174.96.142.227 Rating: N/A |
my loan amount didnt change a cent, if you want proof i can put a conf with ING even now they are offering a refi for current rate at 595 fixed closing costs we need kakarla to certify lot of Mental Kandidates | ||
| Rebel Side Hero Username: Rebel Post Number: 7777 Registered: 02-2008 Posted From: 24.118.198.14 Rating: N/A |
loan early years lo ekkuva interest ke veltundi... aian guttonkay single ga unte apude house refinance aa vammo | ||
| True_indian Side Hero Username: True_indian Post Number: 5209 Registered: 01-2008 Posted From: 174.96.142.227 Rating: N/A |
anta ledu le, ing gave me free closing cost refi same loan also, mari ante ep gallama loan amount soodakunda sign cheyadaniki ma loan amount didnt change a cent even now they are offering refi with new rate for 595 for existing customers we need kakarla to certify lot of Mental Kandidates | ||
| Rajusk Side Hero Username: Rajusk Post Number: 9873 Registered: 02-2008 Posted From: 165.254.117.43 Rating: N/A |
Bunty, Naaku ardham ayyindi enti ante..30 years period lo House ki double value isthamu..no matter what the interest rate is.. so ivvala 300K ki illu koni..daani 30 yrs paatu teeristhe..you will end up paying 600k for the house. | ||
| Bunty717 Side Hero Username: Bunty717 Post Number: 8285 Registered: 02-2008 Posted From: 161.185.151.155 Rating: N/A |
vaarni inta pay chestama towards int.. whistle esthe pilladni kottadam chiru tappu... daariki addu vochi meeda padatante pakkaki toyyadam tappu kane kadhu -- OT | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 6428 Registered: 01-2008 Posted From: 167.230.38.120 Rating: |
I agree. When they say zero closing costs then your should watch new loan amount. Btw, what is your take on my post with numbers? If god doesn't like the way I live, let him tell me, not you | ||
| Annavaram Side Hero Username: Annavaram Post Number: 2659 Registered: 12-2006 Posted From: 71.97.14.213 Rating: N/A |
 hmmm idento konchem investigate cheyaali nammasakyam gaa ledu rao garu | ||
| Scarface Junior Artist Username: Scarface Post Number: 13 Registered: 05-2010 Posted From: 63.98.68.252 Rating: N/A |
dont give blanket statements..ur intention may be to help but ambiguous statements like what you told cause more harm than help..when u say no closing costs, what does that really mean? can u tell me your loan amount before and after refi? did the lender increase ur loan amount after refi? i'll rest my case if ur loan amount did not increase no free lunches..the lender is not stupid to give u zero closing costs | ||
| True_indian Side Hero Username: True_indian Post Number: 5203 Registered: 01-2008 Posted From: 174.96.142.227 Rating: N/A |
ikkada post cheyagalara we need kakarla to certify lot of Mental Kandidates | ||
| True_indian Side Hero Username: True_indian Post Number: 5202 Registered: 01-2008 Posted From: 174.96.142.227 Rating: N/A |
closing cost lekapote you can refinance anytime but with closing costs it doesnt make sense to refinance regularly we need kakarla to certify lot of Mental Kandidates | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 6420 Registered: 01-2008 Posted From: 167.230.38.120 Rating: |
I guess you have some preconceived notions about ARMs in general. What you are referring to might be applicable to certain type of ARMS only (such as Min payment or deferred interest, interest only etc) I will give you an example here. Please use the same numbers while defending your case. If i can learn some thing new today then i will spread the word around to educate people ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~ Year 2005 House Value 300K Down payment 20% Loan amount 240K 30 year fixed rate 6.5 % - Monthly payment $ 1520 5/1 ARM rate 5.75% - Monthly Payment $ 1400 Let's say, we were looking to re-fi the loan in 2009 i.e 4 years from the loan origination date. -------------------------Fixed rate -------- 5/1 ARM Interest-----------------$60,957-------- $53,740.54 Principal---------------- $11,856-------- $13,486 Total payment------------$72,814-------- $67,227 Principal Balance-------- $228,143-------- $226,513 Total savings at the end of 4 years - $ 5500 Let me know if i've missed any thing. If god doesn't like the way I live, let him tell me, not you | ||
| Andhrawala Side Hero Username: Andhrawala Post Number: 2614 Registered: 03-2008 Posted From: 66.57.127.83 Rating: N/A |
Brinjal mama, email me saibabuc@yahoodotcom | ||
| Guttonkay Side Hero Username: Guttonkay Post Number: 4438 Registered: 05-2008 Posted From: 148.87.67.138 Rating: |
bro, naku PM ivvara please. | ||
| Andhrawala Side Hero Username: Andhrawala Post Number: 2613 Registered: 03-2008 Posted From: 66.57.127.83 Rating: N/A |
MrHyd babai, I am going for 5/1 ARM Refi at 3.875 with zero closing costs. let me know if u want to with my mortgage broker | ||
| Scarface Junior Artist Username: Scarface Post Number: 12 Registered: 05-2010 Posted From: 63.98.68.252 Rating: N/A |
ye point eloborate cheyyali mama ARM aa traditional loan aa aina dallas king anta kada nuvvu, if gossips are to be trusted | ||
| Annavaram Side Hero Username: Annavaram Post Number: 2651 Registered: 12-2006 Posted From: 71.97.14.213 Rating: N/A |
http://www.chalanachithram.com/discus/icons/quote3.gif scar interesting take pls elaborate | ||
| Scarface Junior Artist Username: Scarface Post Number: 11 Registered: 05-2010 Posted From: 63.98.68.252 Rating: N/A |
mastaru, first about ARM..arm financing is a dangerous loop to get into..nee last arm financing lo for ex you were paying for 2 years..can u tell me how much equity you have accumulated? lets say you financed for 100k, end of 2 years you will not earn more than 2k in equity..with the second refinance and closing costs, your loan amount will be back to the original 100k..since its an ARM loan, you always look out to refinance again coz the 5 years term is fast approaching..in 2 more years, you are forced to refinance again depending on the market rate at that point..you are back to the original loan amount clear ga numbers tho kavali ante seppu, ARM gurinchi detailed discussion seddam.. anyways, for a conventional loan, you need to wait for atleast 4 years before you think of any refinance..rule of thumb everything will be proved with numbers if u don't believe..search bankrate.com for articles on this subject | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 6414 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Not in all cases i guess. I am in the middle of re-fi process. Current rate 5.75 (5/1 ARM) New rate 4.25 (again 5/1 ARM) So close to 350 bucks savings per month. Closing costs 1800 bucks total. So max 6 months lo break-even... Gutti, No one can answer that question i guess. But if EU goes down then rates might drop further. Mortgage Daily news ani oka website vundi choodadndi. They have many articles on the topic. Rate lock without re-fi ante rate present market kante ekkuva quote chesthaaru. If you have good equity on the house or have good credit score then re-fi should give you an excellent rate (especially if you are paying above 5%) If god doesn't like the way I live, let him tell me, not you | ||
| Scarface Junior Artist Username: Scarface Post Number: 9 Registered: 05-2010 Posted From: 63.98.68.252 Rating: N/A |
refinance breakeven avvali ante 2 years wait cheyyali..dont rush to refinance, lenders jadu gallu..they will increase your total loan amount and show 0 closing costs..sharks  | ||
| Rgvrocks Junior Artist Username: Rgvrocks Post Number: 108 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
Are you sure about 30yr fixed? 5/1 rate looks reasonable, but 30yr doesn't. | ||
| Kalikaalam Side Hero Username: Kalikaalam Post Number: 3655 Registered: 01-2008 Posted From: 171.159.64.10 Rating: N/A |
Naaku BOA vallu cihina rates. 5/1 arm 3.5 30 years fixed 3.875 nenu 5 year arm ki fix ayyaanu. paper work pampaali | ||
| Guttonkay Side Hero Username: Guttonkay Post Number: 4419 Registered: 05-2008 Posted From: 148.87.67.137 Rating: |
rates inka taggutaya? Should I rush to lock in now? evallanna konchem light yeyyandi please. |
