30 Year Mortgages gone...

[Hitman]

ARM's is the new way to go...  This is all planned...  Embrace the reality. US mortgage system is soon becoming similar to UK where you would get to refinance for every 3 years... 

[Sreeven]

Just now, Hitman said:

ARM's is the new way to go...  This is all planned...  Embrace the reality. US mortgage system is soon becoming similar to UK where you would get to refinance for every 3 years... 

Ohh I heard they may bring like 50 years or 60 years 

[kevinUsa]

7 minutes ago, Hitman said:

ARM's is the new way to go...  This is all planned...  Embrace the reality. US mortgage system is soon becoming similar to UK where you would get to refinance for every 3 years... 

Already canada lo undi kada sir

[Hitman]

9 minutes ago, Sreeven said:

Ohh I heard they may bring like 50 years or 60 years 

30 itself is very long term. 50- 60 will be disastrous. you will be passing the mortgage burden to next generations. 

[Bulls_Rose]

Fuuuuuuuk that  people suffer and banks gain money. Refinance for every 3-4 years ain't joke 

[Hitman]

4 minutes ago, kevinUsa said:

Already canada lo undi kada sir

meeku mundu choopu ekkuva... USA is trying to catch-up with better policies. 

[kevinUsa]

6 minutes ago, Hitman said:

30 itself is very long term. 50- 60 will be disastrous. you will be passing the mortgage burden to next generations. 

Generational wealth laga generational debt

[enigmatic]

30 minutes ago, kevinUsa said:

Already canada lo undi kada sir

canada only 40 yrs for residential mortagages ani google chepthondi . 50 yrs for commerical real estate mortgages.

[lollilolli2020]

57 minutes ago, enigmatic said:

canada only 40 yrs for residential mortagages ani google chepthondi . 50 yrs for commerical real estate mortgages.

Adi amortization.

but every 5 yrs ki nuvvu home loan shopping cheyali. Market ni batti appudu neeku ee rate oste aa rate fixed or variable ki pothav. US lekka 2% ki rate lock chesi ade 2% ki 30yrs kattalev provided you live in the same house or hold it. 

[aratipandu]

45 minutes ago, lollilolli2020 said:

Adi amortization.

but every 5 yrs ki nuvvu home loan shopping cheyali. Market ni batti appudu neeku ee rate oste aa rate fixed or variable ki pothav. US lekka 2% ki rate lock chesi ade 2% ki 30yrs kattalev provided you live in the same house or hold it. 

Every 5 yrs ah?? for the same house?

[islander]

14 minutes ago, aratipandu said:

Every 5 yrs ah?? for the same house?

Lol 5 years ke ala antunava anna..

maa NZ/Aus lo mem every 6 months, 1 year ki refinance cheskuntu untam…

na loan currently 6months/ 1 year split chesa..

Ikada 3 yrs fix cheste long term fix chesinatlu lekka..

only US ae 30 yrs..migatha anni countries Max 5 ae le

[aratipandu]

33 minutes ago, islander said:

Lol 5 years ke ala antunava anna..

maa NZ/Aus lo mem every 6 months, 1 year ki refinance cheskuntu untam…

na loan currently 6months/ 1 year split chesa..

Ikada 3 yrs fix cheste long term fix chesinatlu lekka..

only US ae 30 yrs..migatha anni countries Max 5 ae le

this is niluvu dopidi...processing fee, aa fee, ee fee esi 10guthe every 6months-1yr...homeowner gadiki em equity miguluthadi aa house medha inka??

[islander]

32 minutes ago, aratipandu said:

this is niluvu dopidi...processing fee, aa fee, ee fee esi 10guthe every 6months-1yr...homeowner gadiki em equity miguluthadi aa house medha inka??

Fees em undav..just renewal anthe..aa time ki unna best interest rate select cheskodame..undeve 5-6 banks..almost andaru same rate istaru konchem atu itu..

[nag]

14 minutes ago, islander said:

Fees em undav..just renewal anthe..aa time ki unna best interest rate select cheskodame..undeve 5-6 banks..almost andaru same rate istaru konchem atu itu..

What is the idea behind refinance in such short intervals...  lot of processing overhead.. adhi kooda expense ey kada

[citizenofIND]

That’s okay, will do 3 , 4 jobs and down pay full amount.  Anthunna tejams ani ippude Sonu uncle telling