ARM vs FIxed mortgage.??

[golmaalgovindam]

Konchem experts throw some light …

current situation lo rendu almost closer to each other but which one to prefer and why anedhi clear ledhu ..

ARm any how monthly mortage is less than fixed 

[ARYA]

Go with what ever costs you less.. you can always refi when the rates are down

[BommaliNinnodhala]

24 minutes ago, golmaalgovindam said:

Konchem experts throw some light …

current situation lo rendu almost closer to each other but which one to prefer and why anedhi clear ledhu ..

ARm any how monthly mortage is less than fixed 

Arm vs 30yr difference > 1.5% unte OPT for ARM else 30yr fixed

[golmaalgovindam]

1 hour ago, BommaliNinnodhala said:

Arm vs 30yr difference > 1.5% unte OPT for ARM else 30yr fixed

Ante diff ela vasthudhi … not able to get this calculation … edhi theeskunna refi chestham kadha ..

[BommaliNinnodhala]

1 minute ago, golmaalgovindam said:

Ante diff ela vasthudhi … not able to get this calculation … edhi theeskunna refi chestham kadha ..

Not worth it otherwise ani — at the end of 5years or before 5years doesn’t fall and more than now — you are taking that risk of paying higher rates — 30year fixed kabatti no risk

[golmaalgovindam]

1 minute ago, BommaliNinnodhala said:

Not worth it otherwise ani — at the end of 5years or before 5years doesn’t fall and more than now — you are taking that risk of paying higher rates — 30year fixed kabatti no risk

ARM theeskunte … 100% refinance cheyyalsindhe after 5 years …

Fixed theeskunna …current rates ki refi cheyyalsindhe

fixed lo refinance ki ARM lo refinance ki emaina diff untudha ?? Or same way for both …. 
 

 

[BommaliNinnodhala]

1 minute ago, golmaalgovindam said:

ARM theeskunte … 100% refinance cheyyalsindhe after 5 years …

Fixed theeskunna …current rates ki refi cheyyalsindhe

fixed lo refinance ki ARM lo refinance ki emaina diff untudha ?? Or same way for both …. 
 

 

niku ardham avvali antey — when you get pre approval get one quote for 30yr fixed and another for 5/1Arm — then you will understand better of how much EMI you will be paying for the life of the loan — considering you take market volatility on the mortgage rates as no one knows how its going to be in 5year or 10years — 

[pandemkodi]

If you refi you loose all the interest you paid 

[BommaliNinnodhala]

2 minutes ago, pandemkodi said:

If you refi you loose all the interest you paid 

I don’t understand the math — can you give more detail on how we loose interest on refi?

[golmaalgovindam]

32 minutes ago, pandemkodi said:

If you refi you loose all the interest you paid 

If possible konchem numbers tho explain please 

[Vaampire]

33 minutes ago, pandemkodi said:

If you refi you loose all the interest you paid 

Refinance cheyyakapothey interest refund isthara bhayya? I dont get it.

with refinance u will extend ur term. 

[IamBhagatSingh]

56 minutes ago, pandemkodi said:

If you refi you loose all the interest you paid 

Wrong info. 

[pandemkodi]

57 minutes ago, IamBhagatSingh said:

Wrong info. 

Okay