Home down payment

[TOM_BHAYYA]

13 minutes ago, terminator_desi said:

450k home ki about 225k downpayment.

Na opinion lo it’s always better to invest in India or in any other instead of downing that much amount in states

[TOM_BHAYYA]

1 minute ago, veerigadu said:

Lol thread 

Monna second house Ki entha down chesav anna

[terminator_desi]

12 minutes ago, hydusguy said:

phoenix lo 450k aekada dorukutunnay

ippudu kadhu bro.Planning to buy next September.Home prices bags drop avutunayi Phoenix lo.Already 12% drop last 3 months

[terminator_desi]

2 minutes ago, TOM_BHAYYA said:

Na opinion lo it’s always better to invest in India or in any other instead of downing that much amount in states

Single paycheck and working in US for last 13 years and have GC. Reason for down payments is to make monthly payments less(under 2000$) 

[chicagosubbu]

20 minutes ago, TOM_BHAYYA said:

Na opinion lo it’s always better to invest in India or in any other instead of downing that much amount in states

Investing in india is okay but rupee value is depreciation will effect you, also if you invest in india you always need to depend on someone to manage property’s

 

cash is king if it’s in dollars 

[TOM_BHAYYA]

1 minute ago, terminator_desi said:

Single paycheck and working in US for last 13 years and have GC. Reason for down payments is to make monthly payments less(under 2000$) 

Single pay check tho 250k save chesaava..

@Spartan chusi nerchukondi vaaa

[chicagosubbu]

45 minutes ago, csrcsr said:

Don't know anduke kada malli market punjukunte ? Yiu will have equity in both homes climbing up , ade down avuthhe elagu down avutav , 

It’s double edge sword, I think we should plan/aim for dept free especially if we are on H1 

[chicagoafdb]

19 minutes ago, macha said:

I feel always good to make more Downpayments in this market so you can be debt free … for 560k mortgage you would pay 565k interest current 7.2 % interest 

so for 30 yrs we pay double as interest ? also investing on home is it a good idea? rather how about we put them on blue chip stocks. If market crashes further.. I am contemplating to put on home or stocks.. for me stocks looks like its good opportunity, if we choose standard one like msft, appl.. any thoughts.. 

[csrcsr]

31 minutes ago, chicagosubbu said:

It’s double edge sword, I think we should plan/aim for dept free especially if we are on H1 

Agreed,  it's luck and timing if the boom was like 19, 20, 21 just with appreciated  value people close the first house its juts timing and luck and TS is on GC

[rmJU72]

what’s the point of putting all ur money in just one kind of investment? IMO just put 20% required for purchase and diversify the rest or wait with the cash until it is the right time to diversify

[ForEverJava]

2 hours ago, terminator_desi said:

hi friends,

Planning to buy in summer next year in phoenix,AZ and planning to make downpayment of 50%.Since I making big down payment(50%), will I get lower interest rate on the bank loan?Also should I go for 15 years or 30 years loan to get better interestrate next year?

Probably u are expert of housing market I can't give much of advice to u as we had heated arguments in the past as i had need for housing of immediate need since i uad middle school kid...just I know the interest rates gonna be high atleast now in 7%s as I mentioned in feb time  ..plan rate lock if possible ahead of time..

 

Either way good luck..

[terminator_desi]

18 minutes ago, ForEverJava said:

Probably u are expert of housing market I can't give much of advice to u as we had heated arguments in the past as i had need for housing of immediate need since i uad middle school kid...just I know the interest rates gonna be high atleast now in 7%s as I mentioned in feb time  ..plan rate lock if possible ahead of time..

 

Either way good luck..

I am not the expert but as I told you beginning of this year home prices are dropping heavily.Check this home .Price went down by 60k$ in just one month in Arizona-my target area.https://www.zillow.com/homedetails/4623-S-Concorde-Ln-Mesa-AZ-85212/125135399_zpid/

 

 

[Picheshwar]

1 hour ago, TOM_BHAYYA said:

Single pay check tho 250k save chesaava..

@Spartan chusi nerchukondi vaaa

[macha]

1 hour ago, chicagoafdb said:

so for 30 yrs we pay double as interest ? also investing on home is it a good idea? rather how about we put them on blue chip stocks. If market crashes further.. I am contemplating to put on home or stocks.. for me stocks looks like its good opportunity, if we choose standard one like msft, appl.. any thoughts.. 

buying house is good investment for long term but not at these prices and definitely not at these interest 

[hydusguy]

1 hour ago, terminator_desi said:

ippudu kadhu bro.Planning to buy next September.Home prices bags drop avutunayi Phoenix lo.Already 12% drop last 3 months

i see only owner listings dropped ..not builder one