Mortgage rates tagge chance emanna unda ?

[Quickgun_murugan]

9 minutes ago, Kalam_Youtheman said:

15 lo principal ekkuva kadtham kadha bro...that makes monthly payments more

 

15 ARM vere anuko

future rates elaa untaayo telvadu kada... andukani fixed teeskovatam better if they get better rate... or else ARM is best option..

[Quickgun_murugan]

5 minutes ago, Kalam_Youtheman said:

which state bro... 0 down and 0 ante almost 400k ki nuvvvu min 20k save chesinatte ga

@Kalam_Youtheman

nadi federal loan bro...in Denver... andukani aa benefit.. normal ppl have to pay atlest 10 % to avoid PMI..

ippudu aithe 20% compulsory antunnaru chala states lo

[Bestguy]

3 minutes ago, Kalam_Youtheman said:

which state bro... 0 down and 0 ante almost 400k ki nuvvvu min 20k save chesinatte ga

 0 down ante refiance cheste appudu nenu emi pettaledhu additonal ga two times chesina ppaudu kudaa....25 percent petti viunta mottam meedhaa first time loan teesukonnappudu..15 year  fixed after that. teesukonna twice.Intial naddhi 7 year ARM and then 15 year and agin 15 year ki refincae chesa..Refinance ki emi padaledhu cheti lonchi..except appraisal i.e., 400 anthe..

[Quickgun_murugan]

1 minute ago, Bestguy said:

Naddhi escrow ledhuu with current lender,,Escrow vuntee 2.5 percent iche vadu..I hate to to do escorw..year ending i  will pay taxess on my own..

hmm... i dont think it will make much difference bro... escrow acocunt unte.. you dont have to worry about paying everything on time.. vaade chuskuntaadu

[Quickgun_murugan]

5 minutes ago, Bestguy said:

30 year aa??? 15 year and 10 year ki intrest rates low gane vuntai eppudu kuda..

Yes 30 year

[Bestguy]

1 minute ago, Quickgun_murugan said:

hmm... i dont think it will make much difference bro... escrow acocunt unte.. you dont have to worry about paying everything on time.. vaade chuskuntaadu

Escrow vunte bank vadu manchi rate istadu becoz vallu  mana money tho intrest tiipukontadu..every month u pay taxes to escrow....year ending i got some cash in a business...i use that money to pay taxes..

[Quickgun_murugan]

1 minute ago, Bestguy said:

Escrow vunte bank vadu manchi rate istadu becoz vallu  mana money tho intrest tiipukontadu..every month u pay taxes to escrow....year ending i got some cash in a business...i use that money to pay taxes..

Agree.. nenu next year nunchi escrow teepichestha.. ee year ki unchutha..

[Pokiri_21]

Naadi 5/1 ARM aa. 

illu 2015 lo teesukunna 2 yrs ayyindi. 

first year emo $1042.81 katte vadini towards mortgage every month. 

Aug 2016 lo oka letter vachindi mortgage comp nunchi your monthly paymenyt will be $994.81 ani. and naaku $850 refund check kooda pampinchadu (Escrow surplus undi ani)

teesrachoosi nenu Aug 2016 - 2017 1 yr $994.81 every month pay chesa. last week malla letter vachindi $1642.81  your monthly paymenyt will be ani. naaku mind bloxk ayyi call chesa chesthey nee property taxes pergayi $278 annadi. danitho paatu insurance anni perigayi. $5117.11 escrow shortage lo undi. so $539 nee montly payments ki add chesthunnam annadi. 

Naa question entantey vaadu kattamannnade nenu katta malla shortage lo ki ela vellindi escrow ? 

and to my knowledge ARM loan antey ne payments marakoodadu for atleast 5 yrs nenemo first year $1042.81 , 2nd yrs 994.84 ippudu 3rd yr $1642.81 ila kaduthunna. enduku ila maruthondi ? pls give me some advice I'm also thinking to refinance. which is better ARM or Fixed.? I dont want to sell my home forever.  Thanks

@Quickgun_murugan  @Bestguy

 

[Suhaas]

18 minutes ago, Pokiri_21 said:

Naadi 5/1 ARM aa. 

illu 2015 lo teesukunna 2 yrs ayyindi. 

first year emo $1042.81 katte vadini towards mortgage every month. 

Aug 2016 lo oka letter vachindi mortgage comp nunchi your monthly paymenyt will be $994.81 ani. and naaku $850 refund check kooda pampinchadu (Escrow surplus undi ani)

teesrachoosi nenu Aug 2016 - 2017 1 yr $994.81 every month pay chesa. last week malla letter vachindi $1642.81  your monthly paymenyt will be ani. naaku mind bloxk ayyi call chesa chesthey nee property taxes pergayi $278 annadi. danitho paatu insurance anni perigayi. $5117.11 escrow shortage lo undi. so $539 nee montly payments ki add chesthunnam annadi. 

Naa question entantey vaadu kattamannnade nenu katta malla shortage lo ki ela vellindi escrow ? 

and to my knowledge ARM loan antey ne payments marakoodadu for atleast 5 yrs nenemo first year $1042.81 , 2nd yrs 994.84 ippudu 3rd yr $1642.81 ila kaduthunna. enduku ila maruthondi ? pls give me some advice I'm also thinking to refinance. which is better ARM or Fixed.? I dont want to sell my home forever.  Thanks

@Quickgun_murugan  @Bestguy

 

Loan payments change avvavu bro. Like they said, additional monthly payments like property taxes and home insurance perigayi which in turn increased the escrow amount needed.  

Property taxes and and Insurances nuvvu pay cheskovachu without the escrow account, if you pay those two you will get a fixed loan payment for 5 years. 

Property taxes increase avvatam not a bad thing, as it indicates your home value is raising. Insurance enduku increase ayindi kanukko(my guess is ni home value baga perigindi kabatti, they increased the insurance rate also), or negotiate with a couple of insurance companies for a better rate. 

 

[Bestguy]

31 minutes ago, Pokiri_21 said:

Naadi 5/1 ARM aa. 

illu 2015 lo teesukunna 2 yrs ayyindi. 

first year emo $1042.81 katte vadini towards mortgage every month. 

Aug 2016 lo oka letter vachindi mortgage comp nunchi your monthly paymenyt will be $994.81 ani. and naaku $850 refund check kooda pampinchadu (Escrow surplus undi ani)

teesrachoosi nenu Aug 2016 - 2017 1 yr $994.81 every month pay chesa. last week malla letter vachindi $1642.81  your monthly paymenyt will be ani. naaku mind bloxk ayyi call chesa chesthey nee property taxes pergayi $278 annadi. danitho paatu insurance anni perigayi. $5117.11 escrow shortage lo undi. so $539 nee montly payments ki add chesthunnam annadi. 

Naa question entantey vaadu kattamannnade nenu katta malla shortage lo ki ela vellindi escrow ? 

and to my knowledge ARM loan antey ne payments marakoodadu for atleast 5 yrs nenemo first year $1042.81 , 2nd yrs 994.84 ippudu 3rd yr $1642.81 ila kaduthunna. enduku ila maruthondi ? pls give me some advice I'm also thinking to refinance. which is better ARM or Fixed.? I dont want to sell my home forever.  Thanks

@Quickgun_murugan  @Bestguy

 

As some one mentioned already..Escrow amt surplus or shortage avtuha vuntundhi okaoka sari beocz your taxes might avry every year in certain month..They collect based on current year..Except those taxes in escrow .. ni base emi maradhuu.You can watch escrow how much they are paying and how much your adding to ** every month..

[Pokiri_21]

21 minutes ago, Suhaas said:

Loan payments change avvavu bro. Like they said, additional monthly payments like property taxes and home insurance perigayi which in turn increased the escrow amount needed.  

Property taxes and and Insurances nuvvu pay cheskovachu without the escrow account, if you pay those two you will get a fixed loan payment for 5 years. 

Property taxes increase avvatam not a bad thing, as it indicates your home value is raising. Insurance enduku increase ayindi kanukko(my guess is ni home value baga perigindi kabatti, they increased the insurance rate also), or negotiate with a couple of insurance companies for a better rate. 

 

 

6 minutes ago, Bestguy said:

As some one mentioned already..Escrow amt surplus or shortage avtuha vuntundhi okaoka sari beocz your taxes might avry every year in certain month..They collect based on current year..Except those taxes in escrow .. ni base emi maradhuu.You can watch escrow how much they are paying and how much your adding to ** every month..

[Pokiri_21]

@Quickgun_murugan   @Bestguy  one more question so nenu $1642.81 kattamantara leka malli refinance cheyyainchana ? endukantey refinance cheyyisthey malla Closing costs $3961.71 aduguthunnaru. antha budget ippudu ledu naa daggara.  andukane asking what are my options now ? refinance or pay the EMI $1642.81 ? Pls throw some light. Thnaks  

[Kalam_Youtheman]

3 minutes ago, Pokiri_21 said:

@Quickgun_murugan   @Bestguy  one more question so nenu $1642.81 kattamantara leka malli refinance cheyyainchana ? endukantey refinance cheyyisthey malla Closing costs $3961.71 aduguthunnaru. antha budget ippudu ledu naa daggara.  andukane asking what are my options now ? refinance or pay the EMI $1642.81 ? Pls throw some light. Thnaks  

illu ekkada konnav bro ?entha padindhii ?  townhome or singl or condo or apt?

[Pokiri_21]

Just now, Kalam_Youtheman said:

illu ekkada konnav bro ?entha padindhii ?  townhome or singl or condo or apt?

Townhouse, FL

[Kalam_Youtheman]

19 hours ago, Bestguy said:

go for lowest cheapest and max cash back...evadu ivi anni istadooc husukoo me area lo..My sincere advise dont run too many inquires...na credit score idhi ani cheppu anthe..after u finalize the lender appudu run cheyamnuu..naaku bokka padindhi oka sari ala chesi..

oka 3-5 credit checks unte no issues bro.. anni mortgage ki a kadha shopping chesthunnadu ani consider chesthaaru.. appudu points issue undaadhu... its purely for mortgage ani... adhe mana auto/new credit card and illu ki same time credit checks cheyyisthee appudu issue vasthundh