DCU mortgage pre-approval

[creambiscuit]

10 minutes ago, chittibob said:

naku 3 days lo pre-approval ochindi.. i dint have 2013 w2 with me.. misplaced.. so akkada delay ayyindi..

credit score entha undhi bhayya and entha chupinchav savings lo money?

last 2 years W2's enough kadha?

[Naaperushiva]

Orey cream biscuit...Loan approve ayyaka house warming ki invitation and flight ticket pampu....

[TopLechipoddi]

parledu baganey untundi....naa friend teeskunadu

[chittibob]

2 hours ago, creambiscuit said:

credit score entha undhi bhayya and entha chupinchav savings lo money?

last 2 years W2's enough kadha?

my credit score back then was about 760.. 250 k approval adiga.. 30k savings, 401k and trading account lo money chupincha..

 

[chantiabbai]

Bhayya, i am in the same position as you. was searching for banks with lower interest rates. DCU was one among them. naaku telisina konni vishayaalu

1. Pre-approval evaraina istaaru, no compulsion to close from the same guy. this pre approval will be valid for the next 60 days. So, house inko next 2 months lo teeskuntaav antene credit run chay else stay away. you can go check houses without pre approval too ask your realtor

2. Closing cost aneedi important ( i thought the closing cost was high for DCU. Please check again. othe banks have lower closing cost but higher interest rate. so find the optimal

3. APR and interest rate are different. APR anedi out of your pocket like on (road cost for bike) type but interest is with out closing cost etc. please research and be cautious with interest rates and APR (Interest rates are always low and bankers play a game with you with these numbers.

4. Mi realtor ni adugu if he can find you a banker. for example , a $300,000 worth home, closing cost varies between $8,000-$10,000. 10% down cheste be ready with 40,000 cash to close the deal

5. bottom line entante, 30 years ki neeku mottom enta avtundi aneedi important ( closing cost, interest, application fee, escrow, title etc.) andaridi deggira e amount chuskooni best total cost from your pocket ni select chesko irrespective of interest rates, closing cost and everything taken care off.

[Quickgun_murugan]

5 hours ago, ManchiDonga said:

I took DCU couple of months back...

closing costs are less compared to other banks..

800 score unde.... pre approval 250 k ki apply chesina...     2 days tarvatha call chesthe.. email chesaru pre approval letter...

195K house...6000 ayyindi closing costs... 2.85 interest... I thought its fair... bofa vadu extra charges dobbutadu ani friends cheppinaru....

funding fees entha?  a state bro 195k ki illu ante? so seep no?

[Quickgun_murugan]

naku 380k loan ki 3.275% APR antunnadu.. 7800 is closing costs..

[chantiabbai]

Just now, Quickgun_murugan said:

naku 380k loan ki 3.275% APR antunnadu.. 7800 is closing costs..

which bank?

[Quickgun_murugan]

what is the difference between Funding fee and Closing costs?

@chantiabbai @k2s @timmy 

[chantiabbai]

Just now, Quickgun_murugan said:

naku 380k loan ki 3.275% APR antunnadu.. 7800 is closing costs..

Closing cost also depends on who pays for title and other little things.House ki anta demand lenappudu 2-3k title cost seller pay chestaadu that would lower you closing cost significantly

[ManchiDonga]

13 minutes ago, Quickgun_murugan said:

funding fees entha?  a state bro 195k ki illu ante? so seep no?

Funding fee idea ledu bro.. May be document la choodali..

Ann arbor lo koncham remote area abd not a new one.. Stilla good deal instead of paying rent

[chantiabbai]

9 minutes ago, Quickgun_murugan said:

what is the difference between Funding fee and Closing costs?

@chantiabbai @k2s @timmy 

Funding fee ante online vetaran ki icheedi discount annattu unndi. no idea bro

[ManchiDonga]

4 hours ago, Suhaas said:

Congrats bhayya. 

thanks masteru

[Quickgun_murugan]

49 minutes ago, chantiabbai said:

Closing cost also depends on who pays for title and other little things.House ki anta demand lenappudu 2-3k title cost seller pay chestaadu that would lower you closing cost significantly

thnx for the info bro.. do u have any idea about interest APR and % points in a mortgage loan?

[Quickgun_murugan]

43 minutes ago, chantiabbai said:

Funding fee ante online vetaran ki icheedi discount annattu unndi. no idea bro

funding fee discount istunnarante bayata vallaki discount ledannate kada.. ante edo undi untadi man..