Dump thata FLOATS 50-YEAR MORTGAGES TO HELP YOUNG HOMEBUYERS

[anna_gari_maata]

3 hours ago, Jaggadonga said:

Young american home buyers are already avoiding the concept of buying home. Only immigrants are buying.

Because most new houses now are old gaints or hoa pits. 

[nenu_meeku_telusa]

1 hour ago, babu_bangaram said:

Today also they dont lend a 60 yrs old for 30 yrs ... they give either 5,10, 15 and that too if you have source of income....
so 50 yrs will be given to 20-30 yrs old guys ... crossing 30 yrs ... they will give 40 yrs loan and then cross 40 they will give 30 yrs loan 

alaaa chesthaaru ... banks are very careful

 

Yep. Making it 50 yrs drops a 30 yr old to get loan. 

[Konebhar6]

18 hours ago, jpismahatma said:

Banks care less I think. If you die in between bank will take house if you don’t  continue pay

 

adding @Konebhar6  @krishnaaa our db investment specialist 

It does not matter to banks. Whoever inherits have to keep paying. If payments are not made, it follows standard foreclosure procedures. 
it’s a decent idea if they can’t get prices under control. They should let prices fall back naturally rather than bailout home builder companies. 

[Paamu]

So basically life long renting annamaataa instead of 30 years. 

[babu_bangaram]

9 minutes ago, Paamu said:

So basically life long renting annamaataa instead of 30 years. 

Renting aithe Apartment company ke iwaali 


Illu Konte ....
1. Builder ki
2. Bank ki 
3. Insurance ki 
4. Govt Property tax
5. Pest control 
6. Weed control 
7. HOA ki 
andariki iwaali .... chassss 🤦‍♂️

[Android_Halwa]

20 hours ago, nenu_meeku_telusa said:

Why would a bank lend home loan to a person who is 40 yrs old and expect him to live up to 90

Just like a 60 years old avails a 20 year conventional and decides to refinance at 70. 

[Anta Assamey]

Age limit pedatadu emo... As he is saying young people can buy ani...

[babu_bangaram]

38 minutes ago, Anta Assamey said:

Age limit pedatadu emo... As he is saying young people can buy ani...

bank will decide

 

[krishnaaa]

23 hours ago, jpismahatma said:

50 years endhi ra ayya.  You will die but will not be done paying interests

They should actually decrease it to 20 years. It would make homeownership more affordable.

[Thokkalee]

5 minutes ago, krishnaaa said:

They should actually decrease it to 20 years. It would make homeownership more affordable.

20 yr old loans already unnayi kadaa.. it is just unaffordable for many ppl to take 20 yr loans.. 

[krishnaaa]

2 hours ago, Thokkalee said:

20 yr old loans already unnayi kadaa.. it is just unaffordable for many ppl to take 20 yr loans.. 

Yeah....but they should ban 30 year mortgages.

Only then it will work.

Affordable houses will be built instead of mansions in order for people to qualify for 20 year loans.

[Thokkalee]

44 minutes ago, krishnaaa said:

Yeah....but they should ban 30 year mortgages.

Only then it will work.

Affordable houses will be built instead of mansions in order for people to qualify for 20 year loans.

Why ban 30 yr loans? It is upto the person to choose what house is affordable to them and make the right decision.. affordable housing is always there.. townhomes and condos are relatively affordable.. They should in fact make the loan eligibility conditions more stringent.. 

Ppl live upto 70’s and 80’s.. there are many ppl in US who clear their loans with their retirement benefits.. 

[krishnaaa]

15 hours ago, Thokkalee said:

Why ban 30 yr loans? It is upto the person to choose what house is affordable to them and make the right decision.. affordable housing is always there.. townhomes and condos are relatively affordable.. They should in fact make the loan eligibility conditions more stringent.. 

Ppl live upto 70’s and 80’s.. there are many ppl in US who clear their loans with their retirement benefits.. 

Problem here is that people in general are idiots. They overstretch and find loopholes.

They should also relax on zoning laws.

In India, if you want to add an additional portion, its very easy. The zoning laws in US prevent that.