7000$ mortgage

[ismartganesh]

 

 

[Sonu_Patel]

10 minutes ago, ismartganesh said:

 

 

 

$7000 mortgage payment is very common in Dallaspuram ba.. 

[akkum_bakkum]

6 minutes ago, Sonu_Patel said:

 

$7000 mortgage payment is very common in Dallaspuram ba.. 

Add another 1000 for tesla also

[BulletBaskar]

ye oorlo untadi va 7000?

are you guys talking about 1 or 1.5 million houses?

[Manishican]

Until job lossess happen no one will listen but job market very strong 

[Sonu_Patel]

2 minutes ago, BulletBaskar said:

ye oorlo untadi va 7000?

are you guys talking about 1 or 1.5 million houses?

Dallas lo house kavalantey.. New home buyers 1 million pettakapothey mana batta potta vuncles ki peg kuda digadhu

[Android_Halwa]

House prices peak vunapudu high interest rates tho house koni hoping interest rates will come down one fine day ani wait chesthe iga ayinatte…gains motham interest rate la kottukupoinaka inkemi home equity build ayitadi ra ayya…

Imagine even if rates climb down, about 3-5 years from now to 3% levels, apativaraku entha interest kadutaru ra Babu…apudu refi chesina peddaga upayogam emi vundadu..

[Dallas_balu]

6 minutes ago, akkum_bakkum said:

Add another 1000 for tesla also

[Sonu_Patel]

3 minutes ago, Android_Halwa said:

House prices peak vunapudu high interest rates tho house koni hoping interest rates will come down one fine day ani wait chesthe iga ayinatte…gains motham interest rate la kottukupoinaka inkemi home equity build ayitadi ra ayya…

Imagine even if rates climb down, about 3-5 years from now to 3% levels, apativaraku entha interest kadutaru ra Babu…apudu refi chesina peddaga upayogam emi vundadu..

 

worst case scenario ... $7000 multiply by 30 years = $7000 X 12 X 30 is $2.5 million dollars will be total cost for the mortgage...

 

[Manishican]

Inflation is compared year over year. Inflation will definitely fall in 1 year or 2 years which will cause interest rates to fall.

[hunkyfunky2]

36 minutes ago, ismartganesh said:

 

 

 

25 minutes ago, Sonu_Patel said:

 

$7000 mortgage payment is very common in Dallaspuram ba.. 

 

17 minutes ago, BulletBaskar said:

ye oorlo untadi va 7000?

are you guys talking about 1 or 1.5 million houses?

 

13 minutes ago, Sonu_Patel said:

Dallas lo house kavalantey.. New home buyers 1 million pettakapothey mana batta potta vuncles ki peg kuda digadhu

How are they getting qualified? Probably barely with both incomes combined.

 

[Android_Halwa]

Rental house makes more sense now than owing a home. 

[yemdoing]

Why are the loan officers approving those loans ? 

[Sonu_Patel]

3 minutes ago, hunkyfunky2 said:

 

 

 

How are they getting qualified? Probably barely with both incomes combined.

 

2 cases unnae ba.. 

Case 1: people with multiple streams of income.. like second job etc are able to afford by making huge downpayment or buying out with cash.. 

Case 2:  5% down payment sesi rates down ostae ani aasha ga eduru choosey #show off batch.. 

EE case 2 crap valla housing is still going up.

[hunkyfunky2]

1 minute ago, Sonu_Patel said:

2 cases unnae ba.. 

Case 1: people with multiple streams of income.. like second job etc are able to afford by making huge downpayment or buying out with cash.. 

Case 2:  5% down payment sesi rates down ostae ani aasha ga eduru choosey #show off batch.. 

EE case 2 crap valla housing is still going up.

Even for 2nd case, should show monthly income to support payment