Potential home owners ravaliii

[areyentiraidhi]

2 minutes ago, quickgun_murugun said:

reality lo aa overhyped Austin market chala down ayindi … it will go back to the actual 2020-2021 prices. Wait n watch !  
also be ready to pay huge taxes if you already in that area ! 

austin and dallas same kadha taxes

[perugu_vada]

3 minutes ago, veerigadu said:

oka 35-40% cash kottiiii....Purchase price meedhaa berammm aadiiii....nacchinaaa illuu theesukovadammm is right strategy

1st 20% ye down chesi .. then regular ga entha pay cheyagaligithe antha cheyali anta .. becos initial few yrs, maximum mortgage goes towards interest rate anta .. andhu k okey sari down cheyakandi antunnaru

2 minutes ago, quickgun_murugun said:

reality lo aa overhyped Austin market chala down ayindi … it will go back to the actual 2020-2021 prices. Wait n watch !  
also be ready to pay huge taxes if you already in that area ! 

pre-covid or covid early days price ki aithe padavu  .. alaa kani aindi ante .. global ga economy gudisipoindi aney complete ga .. as it stand now, oct 2021 timeline ki prices paddaayi 

[veerigadu]

9 minutes ago, perugu_vada said:

1st 20% ye down chesi .. then regular ga entha pay cheyagaligithe antha cheyali anta .. becos initial few yrs, maximum mortgage goes towards interest rate anta .. andhu k okey sari down cheyakandi antunnaru

 

Nuvvu down 35% kodithee...You already gained 35% equity there. Obviously neee loan only 65% percent yeee untadhiii...

Yes, initial ga mana payments lo majority will go to interests. Until 17th year varaku...

Hence always pay more than monthly payment. Extra pay chesindhiiii mottham will go to principal again. They cant charge you more interest in a given month. Always pay more even if its $500 per month

aaa interest kudaa to some extent taxes lo deducttions use sesukovacchuuu...Now the real deal is to negotiate and win big on purchase price and closing costs. Of course due to good amount of inventory we can pick east/north facing home if we want too....

[Thokkalee]

5 minutes ago, veerigadu said:

Nuvvu down 35% kodithee...You already gained 35% equity there. Obviously neee loan only 65% percent yeee untadhiii...

Yes, initial ga mana payments lo majority will go to interests. Until 17th year varaku...

Hence always pay more than monthly payment. Extra pay chesindhiiii mottham will go to principal again. They cant charge you more interest in a given month. Always pay more even if its $500 per month

If you can afford, go for a shorter term loan, like 15 years or 20 years.. it makes a big difference in the amount of interest you pay.. 

[veerigadu]

Just now, Thokkalee said:

If you can afford, go for a shorter term loan, like 15 years or 20 years.. it makes a big difference in the amount of interest you pay.. 

Hmmm I would say...apply for 30 year conventional or ARM, but still pay it like you are paying for 15 year-20 year. That way even if you lose job you can still get away with 30 year lower payments. 

[reality]

konedhi just ille kadha… daniki intha deep analysis lu avasarama… koni padeyyi…

[Thokkalee]

11 minutes ago, veerigadu said:

Hmmm I would say...apply for 30 year conventional or ARM, but still pay it like you are paying for 15 year-20 year. That way even if you lose job you can still get away with 30 year lower payments. 

Amortization calculator chudu for all these combinations.. 15 yrs and 30 yrs ki hardly 1000 or 1200 difference untadi… for many people, it is affordable…

even if you prepay some amount every month, you will pay a whole lot of interest.. but little less than the full 30 yrs.. 

[Complex]

Nov 2nd next FED meeting, rate will cross 8%.

This will cause High monthly payments , low buying power.

Not sure how will be the housing market. But  houses are sitting for long time.

I was talking this famous builder's representative  in Dallas  the other day , they told they are not going to reduce price much. They recently sold few houses in the same community to a investment company. 

[veerigadu]

13 minutes ago, Complex said:

Nov 2nd next FED meeting, rate will cross 8%.

This will cause High monthly payments , low buying power.

Not sure how will be the housing market. But  houses are sitting for long time.

I was talking this famous builder's representative  in Dallas  the other day , they told they are not going to reduce price much. They recently sold few houses in the same community to a investment company. 

Will not happen anukuntunna. Sleepy Joe wants to keep it this way. 

[Complex]

46 minutes ago, veerigadu said:

Will not happen anukuntunna. Sleepy Joe wants to keep it this way. 

may be they will go bit slower but they won't stop .

[andhra_jp]

Already ECB raised again interest rates today

Inka chestaaru antunnaru

 

 

[andhra_jp]

U.S. Mortgage Rates Hit 7.08%, Highest in More Than 20 Years

Just seven weeks ago, the average rate was below 6%. A year ago it was just over 3%.

Mortgage rates topped 7% for the first time in 20 years, the latest milestone in a rapid climb that has all but paralyzed the housing market.

In September, existing-home sales fell 24% from a year earlier, and new-home sales were down 18%. Home prices are starting to slip month-over-month, though it does little to offset the increased costs of buying. Prices are still rising compared with a year ago.

https://www.wsj.com/articles/u-s-mortgage-rates-hit-7-08-highest-in-more-than-20-years-11666879204

[andhra_jp]

Lloyds predicts UK house prices will fall 8% next year

UK house prices will fall by 8% next year and then almost stagnate for the following four years, Lloyds Banking Group has predicted.

https://www.bbc.com/news/business-63411783

[quickgun_murugun]

5 hours ago, perugu_vada said:

1st 20% ye down chesi .. then regular ga entha pay cheyagaligithe antha cheyali anta .. becos initial few yrs, maximum mortgage goes towards interest rate anta .. andhu k okey sari down cheyakandi antunnaru

pre-covid or covid early days price ki aithe padavu  .. alaa kani aindi ante .. global ga economy gudisipoindi aney complete ga .. as it stand now, oct 2021 timeline ki prices paddaayi 

Aa levels kadu actuality lo aa timeframe ki entha appreciate ayundalo aa range ki velthay antunna… definitely not to the fake real estate mafia hyped prices …

[quickgun_murugun]

5 hours ago, areyentiraidhi said:

austin and dallas same kadha taxes

Dallas gas to offer a lot comparatively!

cities like Frisco taxes are 1.9% 

definitely low than Houston and San Antonio areas though