Thata planning to normalize portable mortgages, allowing to keep interest rates

[Sam480]

 

[Sam480]

Portable mortgages let homeowners transfer their current loan's terms—like rate and balance—to a new home upon moving, skipping a full refinance. This preserves favorable rates and cuts closing costs, boosting flexibility in a high-rate market. Evaluating them could ease housing turnover without forcing sales or resets.

[Vendetta_Returns]

16 minutes ago, Sam480 said:

Portable mortgages let homeowners transfer their current loan's terms—like rate and balance—to a new home upon moving, skipping a full refinance. This preserves favorable rates and cuts closing costs, boosting flexibility in a high-rate market. Evaluating them could ease housing turnover without forcing sales or resets.

what happens to old home rates?

is it good for @Sonu_Patel bava?

[Sonu_Patel]

2 minutes ago, Vendetta_Returns said:

what happens to old home rates?

is it good for @Sonu_Patel bava?

Good for everyone anna... telugu tejams vadi mingestaru idi ganaka implement avte.

[Hitman]

26 minutes ago, Sonu_Patel said:

Good for everyone anna... telugu tejams vadi mingestaru idi ganaka implement avte.

House rates పెరుగుతాయి . Atlanta ఆంటీస్ all happy. They can sell their houses for 2024 rates. 

[krishnaaa]

59 minutes ago, Hitman said:

House rates పెరుగుతాయి . Atlanta ఆంటీస్ all happy. They can sell their houses for 2024 rates. 

House prices will go down with this.

[Hitman]

1 minute ago, krishnaaa said:

House prices will go down with this.

if im able to port my old interest rate i would buy a 5000 sqft East facing home right away... such demand could make house prices go up right? let my existing tiny place for new home buyers...

[krishnaaa]

2 minutes ago, Hitman said:

if im able to port my old interest rate i would buy a 5000 sqft East facing home right away... such demand could make house prices go up right? let my existing tiny place for new home buyers...

Majority of homes are held by senior citizens who would downsize.

[Thokkalee]

5 minutes ago, krishnaaa said:

Majority of homes are held by senior citizens who would downsize.

Majority of the homes are owned by institutional investors which are rented.. last 5-6 years lo companies bought a lot of homes..

old ppl are living in their primary homes.. many ppl don’t want to move out and lose their 

[krishnaaa]

43 minutes ago, Thokkalee said:

Majority of the homes are owned by institutional investors which are rented.. last 5-6 years lo companies bought a lot of homes..

old ppl are living in their primary homes.. many ppl don’t want to move out and lose their 

Nope. Institutional investors are very less compared to mom and pop investors.

 

[Thokkalee]

50 minutes ago, krishnaaa said:

Nope. Institutional investors are very less compared to mom and pop investors.

If you consider big investors who also own condos, townhomes and single family homes, if you take out rural areas and include only suburbs and urban areas, they own a much higher %.. in some areas they own up to 30% of the rental homes.. 

[krishnaaa]

2 hours ago, Thokkalee said:

If you consider big investors who also own condos, townhomes and single family homes, if you take out rural areas and include only suburbs and urban areas, they own a much higher %.. in some areas they own up to 30% of the rental homes.. 

Can you provide the stats?

[Sonu_Patel]

21 hours ago, krishnaaa said:

House prices will go down with this.

House prices will increase anna.. because lot of people are married to their current homes because of low mortgage rates.. thanks to covid.. 

people will upgrade easily which can create demand. When demand is more, prices will go up. 

[Paamu]

When moving to different home ante old house  sale pettali or you can keep it ( rent etc ). 

[Sucker]

50 years mortgage 

600K Chinese 

Unlimited h1b no talent in USA 

Ippudu Epstein lolli 

Oka rod tarvtha okati Maa thatha ki from his base ee 2 weeks aithe inka Gov Shutdown. Dhimpude Dhimpudu