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V@@na Balusu | Housewarming | Charlotte, NC, USA | 08-MAY-2022


JollyReddy

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It actually makes sense to buy a home.. rents are too high everywhere… 2bed min 2K undi in most areas.. might as well buy a home, get some roommates and pay the mortgage.. 

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I have a question, experts please help me answer the question:

Let say I bought a house for 600k and I made a down payment of 20% (120k). Now if the value of the house goes down to 500k still I owe 480k to bank right? And any more If’s and but’s? Just started researching now buying a house.

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1 minute ago, Usr220 said:

I have a question, experts please help me answer the question:

Let say I bought a house for 600k and I made a down payment of 20% (120k). Now if the value of the house goes down to 500k still I owe 480k to bank right? And any more If’s and but’s? Just started researching now buying a house.

You still owe 480k

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27 minutes ago, Usr220 said:

I have a question, experts please help me answer the question:

Let say I bought a house for 600k and I made a down payment of 20% (120k). Now if the value of the house goes down to 500k still I owe 480k to bank right? And any more If’s and but’s? Just started researching now buying a house.

you don't need to put 20% down there is no rule like that.

 

break the stereotype or myths about 20%

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14 minutes ago, soldier said:

you don't need to put 20% down there is no rule like that.

 

break the stereotype or myths about 20%

right, 5% or even 3% kuda chusa but PMI untadi

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10 minutes ago, jalsa01 said:

500-600k petti illu konnaka Taxes ela untai va apart from emi

as it is badhudu.. property taxes are skyrocketing in prime areas. Especially in states like IL, TX

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