Home ReFinance options

[TechSri]

6.1% ki theesukunna previously 30 Yrs. 
Refinance eppudu cheyali and any Lendor suggestion. Eppudu cheste better

[Variety_Pullayya]

6 minutes ago, TechSri said:

6.1% ki theesukunna previously 30 Yrs. 
Refinance eppudu cheyali and any Lendor suggestion. Eppudu cheste better

fed inkonni days lo rate cut chesthadu.....  kamlakka election boost kosam oka .75% thagginchachu kuda. so wait for now i guess

[TechSri]

23 hours ago, Variety_Pullayya said:

fed inkonni days lo rate cut chesthadu.....  kamlakka election boost kosam oka .75% thagginchachu kuda. so wait for now i guess

Ok.

5% ki vastundi antava home loan?

[Variety_Pullayya]

Just now, TechSri said:

Ok.

5% ki vastundi antava home loan?

yes. dec lo general ga cool down avthundi market.....so good time to look for refi rates

[Hitman]

Wait for second round of cuts. Should there be second cut, wait for it. long term yields would come under lot of uncertainty. That will give you the opportunity for refinance. 

[melukunna]

For that small change in the interest rate, it is not worth to refi.

[TechSri]

17 hours ago, melukunna said:

For that small change in the interest rate, it is not worth to refi.

Entha difference undalantav from current mortgage rate to refinance. 

[TechSri]

Any Best lenders in the market for Refinance

[Konebhar6]

On 9/16/2024 at 3:32 PM, TechSri said:

6.1% ki theesukunna previously 30 Yrs. 
Refinance eppudu cheyali and any Lendor suggestion. Eppudu cheste better

Wait till year end (2 more rate cuts of 25 basis points each). Refinace for around 5%. 2025 ending lo again another time. Another .75% drop avvachu.

[Bulls_Rose]

Ante appude shuru na inka refinance lu

Wait for weekend etlagu ave discussion ga gatherings lo . Lol 

[Deadp0ol2]

6.5% ki teeskunollu eager ga waiting minimum 5% ki osthe gaani refinance cheyyaku enduku 5K bokka, that would easily go into your loan amount.

[Sam480]

On 9/16/2024 at 5:32 PM, TechSri said:

6.1% ki theesukunna previously 30 Yrs. 
Refinance eppudu cheyali and any Lendor suggestion. Eppudu cheste better

The current interest rates already took the rate cuts into consideration. So don't expect to see much dip in the interest rates. Wait till end of the year for better rates

As of now, You can get a Refinance at 5.5% for 30 years and 4.75% for 15 years

Recently one of my friend locked 15 years mortgage at 4.5%

By end of this year , interest rate for 30 years mortgage plan might be around 5 - 5.25%

By end of next year , interest rate for 30 years mortgage plan might be around 4.5%

[LadiesTailor]

On 9/16/2024 at 6:32 PM, TechSri said:

6.1% ki theesukunna previously 30 Yrs. 
Refinance eppudu cheyali and any Lendor suggestion. Eppudu cheste better

Wait until November to get a better rate.. there will be another cut and you get a better rate 

[amazon]

Refinance apudu malle credit score run chestaraa? Do we need to maintain score?

[Sizzler]

Check any mortgage brokers who can do refinancing without (or minimal) closing  costs.