mortgage rate lock cheyyocha?

[gilakkai]

2.35% 10/1 arm with 5k credit, lock cheyyocha?

or should i wait? home closing in Jan 3rd week

[HugoStrange]

60 days munde lock chestha annada? It looks like a good deal

[Guest]

Looks good, proceed 

 

[pandemkodi]

10/1 looks safe but 30 years coming for 2.75 kada 

[gilakkai]

30 minutes ago, HugoStrange said:

60 days munde lock chestha annada? It looks like a good deal

avunu chestha annadu

[gilakkai]

31 minutes ago, Guest said:

Looks good, proceed 

 

thanks dude

[gilakkai]

9 minutes ago, pandemkodi said:

10/1 looks safe but 30 years coming for 2.75 kada 

30 years naku 2.875 istha annadu but monthly payment thagguthundi kada if i go for 2.3**

[phatposts]

kaani 10y taravata aa rate expire ayyi market rate ki vastav. if you think you wont be in the same for 10y - go for lowest rate. if not 30y fixed makes sense from a lock-in point of view. 

[HugoStrange]

32 minutes ago, gilakkai said:

30 years naku 2.875 istha annadu but monthly payment thagguthundi kada if i go for 2.3**

if u r not planning to stay longer than 10 years then go with 10/1 arm. For me it a townhome and I will definitely shift to single family in 5 years. So I went with 7/1 arm. Or else go with 30years fixed

[Guest]

3 hours ago, gilakkai said:

30 years naku 2.875 istha annadu but monthly payment thagguthundi kada if i go for 2.3**

Yes thagguddi. You can always refinance as many times as you want

[gilakkai]

3 hours ago, phatposts said:

kaani 10y taravata aa rate expire ayyi market rate ki vastav. if you think you wont be in the same for 10y - go for lowest rate. if not 30y fixed makes sense from a lock-in point of view. 

but aa 10years i can refinance if rate goes down or in the similar range. Looking to lock in for as much less interest as possible