| Author |
Message |
    
Esscuseme
Kurra Bewarse
Username: Esscuseme
Post Number: 1257
Registered: 03-2005
Posted From: 104.183.243.230
| | Posted on Friday, May 12, 2017 - 12:31 pm: |
|
Jaffaa:Also maa colleague gaadu annadu usual gaa nee property tax antha return you should expect back with tax returns ani. Not sure how true it is.
It's not true. You don't get tax credit for property tax like student loans, you can only claim as deduction. |
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 827
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Friday, May 12, 2017 - 10:52 am: |
|
Ntr_rocks:Chase lo rates ekuve vuntayi ga..
avunu ekkuva untayi kaani investment home ki edaina koncham ekkuve |
Ferrari
Mudiripoyina Bewarse
Username: Ferrari
Post Number: 11861
Registered: 09-2010
Posted From: 204.155.22.29
| | Posted on Friday, May 12, 2017 - 10:48 am: |
|
Jaffaa:critic aa intlo ekkuva years vunde plan leedhu....school district antha goppaga ledhu
ee okka point saalu baa..go with 5/1 ARM..also one more thing to check with your lender is if u reach 20% of the home value say in a year will they remove the PMI immediately or not..some lender will require you to pay PMI for 2 years even though you have paid 20% of the home value...also ask the seller to provide HSA home warranty for 1 year vaadu ledu ante nuvve konukko $450-$500 untadi year ki..appliances emanna big issues vasthe handy ga untadi..each time repair ki $75 deductible untadi..nenu 20 year old house konnanu..dryer edo problem vachi almost $600 ayindi repair ki but i paid only $75 as its my deductible.
Nandamuri Taraka Rama Rao - Sachin Ramesh Tendulkar
|
Ntr_rocks
Pilla Bewarse
Username: Ntr_rocks
Post Number: 918
Registered: 10-2007
Posted From: 152.87.3.5
| | Posted on Friday, May 12, 2017 - 10:45 am: |
|
Gotcha:naaku pampaledu inka chuss.email or postal mail? refinance ki kuda anada?
email, check msg, only new annadu mari..
Chase lo rates ekuve vuntayi ga..
Pettesaa
|
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 826
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Friday, May 12, 2017 - 10:41 am: |
|
Ntr_rocks:
naaku pampaledu inka chuss.email or postal mail? refinance ki kuda anada? |
Ntr_rocks
Pilla Bewarse
Username: Ntr_rocks
Post Number: 917
Registered: 10-2007
Posted From: 152.87.3.5
| | Posted on Friday, May 12, 2017 - 10:36 am: |
|
Gotcha:
Chase reserve vaadu offer pampadu, if you close home thru chase, you will get 100K points before august ani..
Pettesaa
|
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 825
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Friday, May 12, 2017 - 10:34 am: |
|
Jaffaa:Also maa colleague gaadu annadu usual gaa nee property tax antha return you should expect back with tax returns ani. Not sure how true it is.
kaadu u can expect maximum of 25% of ur property tax provided u dont fall into AMT |
Simha
Pilla Bewarse
Username: Simha
Post Number: 307
Registered: 01-2013
Posted From: 161.168.251.108
| | Posted on Friday, May 12, 2017 - 10:21 am: |
|
Jaffaa:Satti : house 1650 sqft 4bd 2.5 bath 2 storied. Yeah overall gaa emi + property tax + pmi + insurance chosukubte prasthutham katte double avuthundhi...interest (not pmi) tax deductible eega.
1650 +1650 aa or 2 stories kalipi 1650 eena? 1650 lo 4Bd 2.5 esada 
yes. 80-90% return vasthundhi property tax amount, tax returns lo
Old ID: KEDI
|
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23883
Registered: 03-2008
Posted From: 66.234.193.109
| | Posted on Friday, May 12, 2017 - 9:55 am: |
|
Also maa colleague gaadu annadu usual gaa nee property tax antha return you should expect back with tax returns ani. Not sure how true it is. |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23882
Registered: 03-2008
Posted From: 66.234.193.109
| | Posted on Friday, May 12, 2017 - 9:52 am: |
|
Thokkalodhi bro, i stay in bay area. Chevron federal credit union rates iyyi
Satti : house 1650 sqft 4bd 2.5 bath 2 storied. Yeah overall gaa emi + property tax + pmi + insurance chosukubte prasthutham katte double avuthundhi...interest (not pmi) tax deductible eega...
Yeah 2002 ki aa price ante okk annatu ee ikkada...dhenemma manchi school districts loo minimum 1mil inka older houses (around 1980 built) |
Simha
Pilla Bewarse
Username: Simha
Post Number: 305
Registered: 01-2013
Posted From: 161.165.196.108
| | Posted on Friday, May 12, 2017 - 9:40 am: |
|
Jaffaa:This is 2002 built annatu, manam chepinchalaindhi pedda eem ledhu.
dhinemma 2002 built small house 630K naaa. Avi rates aa chilla penkula...
BTW 2002 antunnav kabatti maintenance koncham peragochu. So just rent Vs EMi calculate chesukoku. Including EMI there is PMI + Property tax + Insurance. ~800-1000 extra undochu ee 3 factors.
Old ID: KEDI
|
Simha
Pilla Bewarse
Username: Simha
Post Number: 304
Registered: 01-2013
Posted From: 161.167.229.15
| | Posted on Friday, May 12, 2017 - 9:37 am: |
|
Jaffaa:Discount points eem mention cheyyala 1% of the loan amount eesindhi estimate loo which comes to $6300
Lender processing fee aa 1% or points buying ka? Untill unless you have soem extra amount from seller for closing cost dont go for buying points. aa 1% anedhi procesisng fee mandatory ante AMEN
Old ID: KEDI
|
Tokkalodi
Kurra Bewarse
Username: Tokkalodi
Post Number: 1245
Registered: 10-2006
Posted From: 204.63.44.144
| | Posted on Friday, May 12, 2017 - 9:36 am: |
|
jaffa tammi.. where do you stay.. can you please share where you got this interest rate? |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23878
Registered: 03-2008
Posted From: 166.216.157.22
| | Posted on Thursday, May 11, 2017 - 10:01 pm: |
|
okk essusmebro...idhi alochinchaledhu thanks for bringingnup.
Gochi baa got it. This is 2002 built annatu, manam chepinchalaindhi pedda eem ledhu....but I got what you are saying. Will keep in mind |
Esscuseme
Kurra Bewarse
Username: Esscuseme
Post Number: 1256
Registered: 03-2005
Posted From: 104.183.243.230
| | Posted on Thursday, May 11, 2017 - 8:38 pm: |
|
Jaffaa:idhi 100-200 vuntadhi ani vinnaa approx gaa, nijameena?
around $200 to $250 per month |
Gochi
Censor Bewarse
Username: Gochi
Post Number: 88205
Registered: 07-2004
Posted From: 64.121.67.210
| | Posted on Thursday, May 11, 2017 - 8:13 pm: |
|
also don't compare rent with mortgage...own house lo additional expenses untaai, assuming u already covered property tax in your mortgage, u will have to replace if any appliances stop working, lawn maintenace if its not covered in HOA, a little more monthly costs for Utlities like Electricity/Gas/Water/Sewer bill types... |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23876
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 8:12 pm: |
|
Gochi:ok..I believe u live in a market where house can be sold easily if you want to move out of the country suddenly..in that case, u will not lose much money,only the closing costs might be lost...but after closing, again don't spend too much on the house like lavish Furniture, landscaping, deck, basement etc etc...aa spend chesedantha its gone in the pit, u won't get a return on it..for example, in my case, I spent around 20k for furniture, 20k for landscaping/deck...closing oka 15k ayyindi...so ippudu nenu 55k plus whatever price I get when I sell, maadhi antha hot market kaadhu..so I am looking at 60-100k loss....andukani chepthunnaa....keep spend to the minimum..
point noted gochi baa... |
Gochi
Censor Bewarse
Username: Gochi
Post Number: 88204
Registered: 07-2004
Posted From: 64.121.67.210
| | Posted on Thursday, May 11, 2017 - 8:09 pm: |
|
Jaffaa:gochi baa ippudu 2.1k kaduthunnaa monthly rent kindhaa...idhivaraku chosina property around 529k vundhi....dhani medha 585 HOA vundhi....overall gaa monthly payment param gaa chosukuntaa 700k with 120HOA similar range loo vundhi....but I get your point...
ok..I believe u live in a market where house can be sold easily if you want to move out of the country suddenly..in that case, u will not lose much money,only the closing costs might be lost...but after closing, again don't spend too much on the house like lavish Furniture, landscaping, deck, basement etc etc...aa spend chesedantha its gone in the pit, u won't get a return on it..for example, in my case, I spent around 20k for furniture, 20k for landscaping/deck...closing oka 15k ayyindi...so ippudu nenu 55k plus whatever price I get when I sell, maadhi antha hot market kaadhu..so I am looking at 60-100k loss....andukani chepthunnaa....keep spend to the minimum.. |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23875
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 8:00 pm: |
|
Gochi:jaffa bro, r u on H1...don't think I am discouraging, but the way things are happening in US, its a big risk to get into such a huge investment....already offer sign chesunte its fine...
gochi baa ippudu 2.1k kaduthunnaa monthly rent kindhaa...idhivaraku chosina property around 529k vundhi....dhani medha 585 HOA vundhi....overall gaa monthly payment param gaa chosukuntaa 700k with 120HOA similar range loo vundhi....but I get your point... |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23874
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 7:58 pm: |
|
Esscuseme:Paying points is not a good idea at all. If you are planning to live in the home short term 5/1 or 7/1 is good with + or - 2 caps and with life time cap of 5%.
okk guruji
Esscuseme:If you are paying 10% down, you might have to pay PMI each month which is not tax deductible.
yeah idhi idea vundhi guruji...
Esscuseme:BTW, San Leandro is in earthquake fault zone, so make sure to take earthquake insurance. In CA, earthquake insurance is issued by state, so not a whole lot of benefit but something is worth than nothing.
idhi 100-200 vuntadhi ani vinnaa approx gaa, nijameena? |
Esscuseme
Kurra Bewarse
Username: Esscuseme
Post Number: 1255
Registered: 03-2005
Posted From: 104.183.243.230
| | Posted on Thursday, May 11, 2017 - 7:49 pm: |
|
Jaffaa:
Paying points is not a good idea at all. If you are planning to live in the home short term 5/1 or 7/1 is good with + or - 2 caps and with life time cap of 5%.
If you are paying 10% down, you might have to pay PMI each month which is not tax deductible.
BTW, San Leandro is in earthquake fault zone, so make sure to take earthquake insurance. In CA, earthquake insurance is issued by state, so not a whole lot of benefit but something is worth than nothing. |
Gochi
Censor Bewarse
Username: Gochi
Post Number: 88203
Registered: 07-2004
Posted From: 64.121.67.210
| | Posted on Thursday, May 11, 2017 - 7:44 pm: |
|
jaffa bro, r u on H1...don't think I am discouraging, but the way things are happening in US, its a big risk to get into such a huge investment....already offer sign chesunte its fine...
interest rates u mentioned are good...they are inline with current market rate.. |
Critic
Kurra Bewarse
Username: Critic
Post Number: 2027
Registered: 03-2004
Posted From: 97.105.79.226
| | Posted on Thursday, May 11, 2017 - 6:52 pm: |
|
Jaffaa:critic aa intlo ekkuva years vunde plan leedhu....school district antha goppaga ledhu....ease of communte and centrally located anee thesukuntunnamu....so 30yr fixed not a good idea anukuntunnaanu....etu
Na Point entante - Asalu e intlo ayina life long undamu anedi basic point ga teesukovali. But 5 years ARM - Gulab Jamun la attract autadi kaani later on 5 years lopu compulsary ga refinance chesukovali.. So better to go for 15 years on safe side either way to save the closing costs just in case. Anthe.
 |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23872
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 6:20 pm: |
|
critic aa intlo ekkuva years vunde plan leedhu....school district antha goppaga ledhu....ease of communte and centrally located anee thesukuntunnamu....so 30yr fixed not a good idea anukuntunnaanu....etu 5-7yrs loopala marathamu kadhaa....still 30yr best ani mee opinion aa? |
Critic
Kurra Bewarse
Username: Critic
Post Number: 2026
Registered: 03-2004
Posted From: 97.105.79.226
| | Posted on Thursday, May 11, 2017 - 6:06 pm: |
|
Jaffaa:30yr fixed - 3.85% interest rate chebuthunnadu....closing costs inka theliyadhu...
Chala bagunnayi.. My suggestion. dont go for ARM.
15 years ayina 30 years ayina vellu.. Elago 10 percent down payment chestunnav ga.. one two years lo inko 10 percent down pay chesi EMI tesivesay.
Points buy cheyakunda try chey, anavasaranga dabbulu waste. Yes, oka vela Realtor kick back ekkuva vaste you can use it for buying the points.
But don't go for ARM.
You will be good.  |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23871
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 5:47 pm: |
|
Ferrari:anthe baa...better go with 5/1 ARM
got it baa....san leandro loo chosthunnaanu  |
Pradeep01
Pilla Bewarse
Username: Pradeep01
Post Number: 62
Registered: 04-2017
Posted From: 184.55.197.14
| | Posted on Thursday, May 11, 2017 - 5:41 pm: |
|
Jaffaa:1200 aa ....2100 ikkada 1 bd ki
oh!! 1200/300 - 600 chicago rate, ma daggara 800
2100 atey, go far house asap  |
Ferrari
Mudiripoyina Bewarse
Username: Ferrari
Post Number: 11860
Registered: 09-2010
Posted From: 204.155.22.29
| | Posted on Thursday, May 11, 2017 - 5:36 pm: |
|
Jaffaa:so apr ignore chesi interest rate thoo kanicchey mantava?
anthe baa...better go with 5/1 ARM
Nandamuri Taraka Rama Rao - Sachin Ramesh Tendulkar
|
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 817
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Thursday, May 11, 2017 - 5:24 pm: |
|
Simha:I personally feel no use of buying points for lowering interest rate.
yep agree. |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23870
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 5:24 pm: |
|
Simha:enni points kontunnav aa interest rate ki?
Discount points eem mention cheyyala 1% of the loan amount eesindhi estimate loo which comes to $6300 |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23869
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 5:20 pm: |
|
Pradeep01: 360x1200/1300= 432,000/468,000 rent amount saving kada ee process lo!!
1200 aa ....2100 ikkada 1 bd ki ch bro adhi bay area ki malapalli loo  |
Simha
Pilla Bewarse
Username: Simha
Post Number: 303
Registered: 01-2013
Posted From: 161.165.196.108
| | Posted on Thursday, May 11, 2017 - 5:19 pm: |
|
enni points kontunnav aa interest rate ki?
I personally feel no use of buying points for lowering interest rate.
Old ID: KEDI
|
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23868
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 5:19 pm: |
|
Ferrari:badi baa..home mortgage lo interest rate and apr anevi consumer ni confuse cheyyataaniki thappa deniki paniki raavu ani na mortgage broker gadu seppaadu...nenu kooda adi nammi ala munduki pothunnaanu
so apr ignore chesi interest rate thoo kanicchey mantava? |
Pradeep01
Pilla Bewarse
Username: Pradeep01
Post Number: 61
Registered: 04-2017
Posted From: 184.55.197.14
| | Posted on Thursday, May 11, 2017 - 5:06 pm: |
|
all best ya. 360x1200/1300= 432,000/468,000 rent amount saving kada ee process lo!!
low interest rate pick ceyali anukunta, 0% knowledge on home buying  |
Ferrari
Mudiripoyina Bewarse
Username: Ferrari
Post Number: 11859
Registered: 09-2010
Posted From: 204.155.22.29
| | Posted on Thursday, May 11, 2017 - 4:47 pm: |
|
Jaffaa:yeah final goal iithe idhe guruji, kaani i am trying to understand between interest rate and APR....if it's just interest rate I go by, we can judge by the numbers....ikkada APR kuda mix looki vocchesariki confusion
badi baa..home mortgage lo interest rate and apr anevi consumer ni confuse cheyyataaniki thappa deniki paniki raavu ani na mortgage broker gadu seppaadu...nenu kooda adi nammi ala munduki pothunnaanu
Nandamuri Taraka Rama Rao - Sachin Ramesh Tendulkar
|
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 813
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Thursday, May 11, 2017 - 3:46 pm: |
|
Jaffaa:
nothing wrong in going for bigger home. so u want to reduce interest u pay on the house and not worried about investment or anything else. just indian goal save on interest rate on ur loan antena?
in that case 15 year loan is best case go for it. monthly payments adiripotayi so u have to be ready for it. |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23867
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 3:43 pm: |
|
Kubang:Jaffa thammi, just oka excel veyyi with scenario analysis. bottom line entante total money out of your pocket (by the time you pay off the loan) edi thakkuva vunte daaniki vellu.
yeah final goal iithe idhe guruji, kaani i am trying to understand between interest rate and APR....if it's just interest rate I go by, we can judge by the numbers....ikkada APR kuda mix looki vocchesariki confusion
gotcha bro, started of with 500 - 550k range, condos vosthunnaayi ikkada with about 500 HOA....also mana offers ni full cash thoo beating....so HOA dhenkinchukune badulu unkoo 100k ekkuva velthe better anipisthundhi townhome or single family ones |
Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 34398
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Thursday, May 11, 2017 - 3:40 pm: |
|
Gotcha:get tax deductions
meeku idokati vundi kadu, marchi poya. ayina excel lo oka scenario analysis chesthe easy to figure out.
Ignorance is bliss
|
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 810
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Thursday, May 11, 2017 - 3:38 pm: |
|
Kubang:
interest avoiding 15 years best but akkada 700k petti illu konede just to pay more on interest and get tax deductions kada alantapudu 15 years waste.
whats ur motivation of buying big home, tax taginchadaniki or to show off or for investment anedi chudali? |
Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 34391
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Thursday, May 11, 2017 - 3:33 pm: |
|
Ferrari:
Exactly.
Jaffa thammi, just oka excel veyyi with scenario analysis. bottom line entante total money out of your pocket (by the time you pay off the loan) edi thakkuva vunte daaniki vellu.
Ignorance is bliss
|
Ferrari
Mudiripoyina Bewarse
Username: Ferrari
Post Number: 11858
Registered: 09-2010
Posted From: 204.155.22.29
| | Posted on Thursday, May 11, 2017 - 3:31 pm: |
|
Jaffaa:loan
badi baa 30 year loan term lo you will be paying more than 50% of your loan amount as interest. so 630k ki 315k+ add seyyi..monthly extra principle payments kattukunte u will save on interest you pay...home mortgage pay off simulator lo untadi choodu..nuvvu monthly entha extra principle pay chesthe long term lo entha interest save chesthaavo..if you are planning to stay in that home for 5 years then its better to take 5/1 ARM.
Nandamuri Taraka Rama Rao - Sachin Ramesh Tendulkar
|
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23866
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 3:30 pm: |
|
Gotcha:closing costs u have to pay. are you planning to roll them into your loan?
yes I am planning to pay upfront
Gotcha:nee closing appudu u have to show ur down payment plus closing costs plus 2 months mortgage - property taxes- Realtor commision from ur agent anukunta.
yeah idhi idea vundhi, 2 months mortgage kindha reserves choyinchocchu kadha like 401k etc |
Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 34390
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Thursday, May 11, 2017 - 3:27 pm: |
|
intha convoluted process enti babu. maaku simple ikkada. amortization vachi you can pick what ever period based on your capacity. interest rate term vachi you can pick anything from 1 year to 10 years. 10 year daati interest rate evadu quote kooda cheyadu. general ga first time buyers vachi 25 year amortization 5 year closed theesukuntaru. 2.24% vundi ippudu aa rate.
variable (linked to prime) 5 year closed ayithe 1.75% vundi for jumbo loans.
Ignorance is bliss
|
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 807
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Thursday, May 11, 2017 - 3:27 pm: |
|
Jaffaa:
closing costs u have to pay. are you planning to roll them into your loan?
APR is dakota number don't look at that look at interest rate only.
nee closing appudu u have to show ur down payment plus closing costs plus 2 months mortgage - property taxes- Realtor commision from ur agent anukunta.
HUD ani istadu andulo mottam details untayi. |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23865
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 3:23 pm: |
|
i am trying to figure out the idfference between apr and interest rate and how it will effect my case |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23864
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 3:22 pm: |
|
Ntr_rocks:The APR calculates the total cost of the loan
yeah I have seen that link
so 700k illu 630k loan amount anukundhaam
so 70k down plus closing costs around 15k anukundham...
interest rate is 3.85% lets say, over the period of 30 years which is the length of the loan period
I will be paying a total of $1,063,257 (for the loan) + 15k closing costs = to overall cost of the LOAN aa
is that accurate? |
Gotcha
Pilla Bewarse
Username: Gotcha
Post Number: 805
Registered: 01-2007
Posted From: 172.87.56.134
| | Posted on Thursday, May 11, 2017 - 3:15 pm: |
|
mee rates bagunayi. nenu ee madya kanukunte 30 year ki 4.35% anadu jumbo loan ki with 15% down. so 30 yrs 3.85 looks very good. |
Ntr_rocks
Pilla Bewarse
Username: Ntr_rocks
Post Number: 873
Registered: 10-2007
Posted From: 152.85.8.38
| | Posted on Thursday, May 11, 2017 - 3:11 pm: |
|
Your Rates are very good based on Market rate.
Pettesaa
|
Ntr_rocks
Pilla Bewarse
Username: Ntr_rocks
Post Number: 872
Registered: 10-2007
Posted From: 152.85.8.38
| | Posted on Thursday, May 11, 2017 - 3:11 pm: |
|
Meedi Jumbo loan la vundi..Saarang, Gotcha lanti vallu cheppali..
But based on my previous understanding.
http://www.bankrate.com/finance/mortgages/apr-and-interest-rate.aspx
"The main difference is that the interest rate calculates what your actual monthly payment will be," says Sean O. McGeehan, a mortgage sales manager in Chicago. "The APR calculates the total cost of the loan. A consumer can use one or both to make apples-to-apples comparisons when shopping for loans."
Pettesaa
|
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23863
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 3:07 pm: |
|
also I have a doubt on interest rate and APR
ippudu 700k loan ki 10% down ante 70k
loan amount is 630k
closing costs eemo 15k anukundhaam with points etc
so total for closing is 70k + 15k
interest rate let's say 30yr fixed ki lets say 3.85% anukondi....and APR is 4.25% anukondi
APR my understanding is it covers the closing costs which includes fees over the period of the loan
if I pay the closing costs up front (15k) in the above scenario, would I still need to pay APR?
yt loo eevo videos chosthunnaa kaani I am not getting the difference between APR and interest rate |
Jaffaa
Mudiripoyina Bewarse
Username: Jaffaa
Post Number: 23862
Registered: 03-2008
Posted From: 204.14.239.58
| | Posted on Thursday, May 11, 2017 - 3:03 pm: |
|
700k loan with 10% down ki below numbers vocchayi
5/1 ARM - 3.125% interest rate 4.25% APR - closing costs 82,170
7/1 ARM - 3.25% interest rate 4.125% APR - closing costs 82,215
pai renditiki 1% of the loan amount dhebbuthunnaadu points kindhaa...and that is included in the closing costs
30yr fixed - 3.85% interest rate chebuthunnadu....closing costs inka theliyadhu...
ee numbers reasonable eena? |
Archives - 2017