Mortgage interest rate

[Sambavami yugeyuge]

Signed contract for new build. Delivery is June 2022. Should I do a 180 day lock now? One of the lender is saying that they add .375 % to the current interest rate to lock for 180 days. 

[HugoStrange]

14 minutes ago, Sambavami yugeyuge said:

Signed contract for new build. Delivery is June 2022. Should I do a 180 day lock now? One of the lender is saying that they add .375 % to the current interest rate to lock for 180 days. 

its too high kada bro, .375 ante. Take a chance. Interest rates em 4 ki vellav le. Vellina oka 1 or 2 years lo malli thagguthai appudu refinance chepinchuko

[Sambavami yugeyuge]

3 minutes ago, HugoStrange said:

its too high kada bro, .375 ante. Take a chance. Interest rates em 4 ki vellav le. Vellina oka 1 or 2 years lo malli thagguthai appudu refinance chepinchuko

Yeah. Any lenders that do 180 days lick with penalty or points?

[sureshkonda]

na lender 8 months ki lock chesadu kani  maa builder tho ne atla long term lock chesthadu anta

[Mr Mirchi]

29 minutes ago, HugoStrange said:

its too high kada bro, .375 ante. Take a chance. Interest rates em 4 ki vellav le. Vellina oka 1 or 2 years lo malli thagguthai appudu refinance chepinchuko

Abboo.. ante padathavi lesthavi… lesthavi padathavi antava every 2-3 yrs ki..  ante idho niranthara pelriya antaav

[Sambavami yugeyuge]

40 minutes ago, sureshkonda said:

na lender 8 months ki lock chesadu kani  maa builder tho ne atla long term lock chesthadu anta

Interest rate entha ichadu 8 months lock ki?

[Katti_Ramdas]

Taylor morrison is locking 108 days before without penalty 

[sureshkonda]

34 minutes ago, Sambavami yugeyuge said:

Interest rate entha ichadu 8 months lock ki?

30 yr fixed ki 2.93% 

[erragulabi]

4 minutes ago, sureshkonda said:

30 yr fixed ki 2.93% 

which lender?

[Anta Assamey]

59 minutes ago, sureshkonda said:

30 yr fixed ki 2.93% 

Lender name ?

[Swatkat]

3 minutes ago, Anta Assamey said:

Lender name ?

Bro nalanti vallaki em telidhu e house gurinchi planning to get by the end of this year oe early next year for sure. Asalu manam loan teskokundane block cheskovacha home and tarvtha ah builder gade offer chesthada loan vadi daggara unavatilo manaki nachakapothey veredhi chuskovocha? @Anta Assamey 

[Anta Assamey]

3 minutes ago, Swatkat said:

Bro nalanti vallaki em telidhu e house gurinchi planning to get by the end of this year oe early next year for sure. Asalu manam loan teskokundane block cheskovacha home and tarvtha ah builder gade offer chesthada loan vadi daggara unavatilo manaki nachakapothey veredhi chuskovocha? @Anta Assamey 

Find a home.... While signing the contract to build a house.., you just need get a Pre approval .... Which anyone will do... its easy.. 5 min work..

After that... You can go with the builder recommended bank or

Later while closing if you don't like...you can find other bank of your choice...

[sureshkonda]

1 hour ago, erragulabi said:

which lender?

 

7 minutes ago, Anta Assamey said:

Lender name ?

local lender bro. maa builder ki permanent lender anta vadu..anduke work out ayyindi lekunte 0.5% increase chesthadu anta rate.

[sureshkonda]

8 minutes ago, Swatkat said:

Bro nalanti vallaki em telidhu e house gurinchi planning to get by the end of this year oe early next year for sure. Asalu manam loan teskokundane block cheskovacha home and tarvtha ah builder gade offer chesthada loan vadi daggara unavatilo manaki nachakapothey veredhi chuskovocha? @Anta Assamey 

first loan disclosure process complete ayyi illu construction start aythe we can shop for different lenders.

[Anta Assamey]

13 minutes ago, Swatkat said:

Bro nalanti vallaki em telidhu e house gurinchi planning to get by the end of this year oe early next year for sure. Asalu manam loan teskokundane block cheskovacha home and tarvtha ah builder gade offer chesthada loan vadi daggara unavatilo manaki nachakapothey veredhi chuskovocha? @Anta Assamey 

I will tell you my story ...

October 2021 signed to build a new house...

Once you sign they will give 30 days to get Pre approval - It will just take 1-2 days if you go with any bank...Get Pre-Approval..

Now... Selected the structure and interior design and Signed just a couple of days ago...

House delivery in July 2022..

Now I have 2 options...

First, can go with the builder recommended Bank .. usually they recommend local banks and they will have No closing cost.. as its a deal between the bank and builders..

Second, choice of any other bank

For closing the house...