Looking for advice on buying a home

[dreamchaser]

Hi friends,

Nenu naa friend kosam post chesthunnanu. Aayana first-time home buyer. Aayana 42 years old, green card holder, and oka samvatsaram lo citizenship pondutaaru. Family Phoenix, AZ lo new home konnadaniki chusthunnaru. Total family income $250K ($200K + $50K). one kid.Aayana 25% downpayment ivvadaniki ready.

Builder home price reduce cheyyaledu, kani $650K home tho 30-year fixed mortgage at 4.99% (year 1: 3.99%), 9-month rate lock, and up to $10,000 closing cost credits offer chestunnaru.

Aayana full-time job konchem unstable, 2026 lo layoff chance undi (kani 6 months severance untundi). Wife’s job stable, income $50K. Builder rates tho, monthly mortgage ~$3K/month avuthundi, aayana part-time work or unemployment benefits use chesi manage cheyyachu ani anukuntunnaru.

I conditions lo home konadam manchidi kada? Mee advice kavali

[Aquaman]

only your freind knows his situation

e question adigav ante.. he is not confident

better rent a single family home for now to get that "home feeling" ...... market is not stable .. wait for few months until he is confident 

[psycopk]

House and neighborhood nachite go for it.. 42 gc.. india velle alochna ledu.. inka late cheyatam bagodu..

 

[Dallasbaluu]

18 minutes ago, dreamchaser said:

Hi friends,

Nenu naa friend kosam post chesthunnanu. Aayana first-time home buyer. Aayana 42 years old, green card holder, and oka samvatsaram lo citizenship pondutaaru. Family Phoenix, AZ lo new home konnadaniki chusthunnaru. Total family income $250K ($200K + $50K). one kid.Aayana 25% downpayment ivvadaniki ready.

Builder home price reduce cheyyaledu, kani $650K home tho 30-year fixed mortgage at 4.99% (year 1: 3.99%), 9-month rate lock, and up to $10,000 closing cost credits offer chestunnaru.

Aayana full-time job konchem unstable, 2026 lo layoff chance undi (kani 6 months severance untundi). Wife’s job stable, income $50K. Builder rates tho, monthly mortgage ~$3K/month avuthundi, aayana part-time work or unemployment benefits use chesi manage cheyyachu ani anukuntunnaru.

I conditions lo home konadam manchidi kada? Mee advice kavali

covid green card aithe konnaku ani chepamanu anna @USCIS1 coid gc approvals ki letters vastundhi

cc @Tellugodu

 

[Dallasbaluu]

11 minutes ago, psycopk said:

House and neighborhood nachite go for it.. 42 gc.. india velle alochna ledu.. inka late cheyatam bagodu..

 

Samara nannu 10gabetavu kada

[psycopk]

7 hours ago, Dallasbaluu said:

Samara nannu 10gabetavu kada

Memebers ni buthulu titodu ani chala sarlu chepa… iddaru vinala

[akkum_bakkum]

9 hours ago, psycopk said:

House and neighborhood nachite go for it.. 42 gc.. india velle alochna ledu.. inka late cheyatam bagodu..

 

Correct..gc ayundi alovhinchedenti inka..bokkalo opt galle koni minging. I’d say thy can rent it if things go south.

[akkum_bakkum]

9 hours ago, Dallasbaluu said:

Samara nannu 10gabetavu kada

Lol. Em balluu kotha id na

[dreamchaser]

ltt

[krishnaaa]

23 hours ago, dreamchaser said:

Hi friends,

Nenu naa friend kosam post chesthunnanu. Aayana first-time home buyer. Aayana 42 years old, green card holder, and oka samvatsaram lo citizenship pondutaaru. Family Phoenix, AZ lo new home konnadaniki chusthunnaru. Total family income $250K ($200K + $50K). one kid.Aayana 25% downpayment ivvadaniki ready.

Builder home price reduce cheyyaledu, kani $650K home tho 30-year fixed mortgage at 4.99% (year 1: 3.99%), 9-month rate lock, and up to $10,000 closing cost credits offer chestunnaru.

Aayana full-time job konchem unstable, 2026 lo layoff chance undi (kani 6 months severance untundi). Wife’s job stable, income $50K. Builder rates tho, monthly mortgage ~$3K/month avuthundi, aayana part-time work or unemployment benefits use chesi manage cheyyachu ani anukuntunnaru.

I conditions lo home konadam manchidi kada? Mee advice kavali

He can go for it.

I would suggest to ask the home builder for a discount rather than buy down and also go for 3 year Arm loan as interest rates are expected to fall.

Worst case scenario if rates shoot up, due to his salary, he would have paid off quite a bit to have big impact. 

 

[Thokkalee]

Job unstable undi ani telisi big investment cheyyadam waste.. doesn’t matter how much money you have, the purchases can wait.. 

interest rates will go down and home rates will go down too.. 

[krishnaaa]

 

Here is the prediction of home prices for next year based on Realtor data on the reventure app.

 

 

https://imgur.com/a/1RIXeK5

 

 

[Anta Assamey]

47 minutes ago, krishnaaa said:

 

Here is the prediction of home prices for next year based on Realtor data on the reventure app.

 

 

https://imgur.com/a/1RIXeK5

 

 

All West Coast going down... Side arrow meaning enti ...

[krishnaaa]

27 minutes ago, Anta Assamey said:

All West Coast going down... Side arrow meaning enti ...

No idea.

Multiple analysts are bullish on midwest and northeast. Rest should go down and would be evident this summer.

[VanceChilukuri]

your life is a waste if you can't buy home, remember that.