House cost

[KathiRamdaas]

contracting cheskunta only single income aithe not worth it.....couple iddaru job chesthe okaridi full time unte better....iddarivi contract jobs aithe kooda waste

[thokkatholu]

Dont buy now. Market at its peak. Prices will go down.

[torrent]

k

 

[Simple123]

2 hours ago, thokkatholu said:

Dont buy now. Market at its peak. Prices will go down.

bhayya , elane annaru last two yrs nunchi

[juju]

http://www.realtor.com/realestateandhomes-detail/7-Gearys-Ridge-Rd_Ringoes_NJ_08551_M64997-88191

[ilovemyself]

 

Simple ga chepta..REDFIN app use chesimarket study chei. NC lo Cary (27519) or Apex or Morrisville best because manchi school districts (wake county). Appreciation untadhi.. 300K home ithe 5% down (i.e 15K ) in bank account lo undali konepudu..You can borrow from friends and take gift receipt.  Rest 3-4% interest ki Desi realtor a episthadu. Plus seller mana realtor ki commission 2-3% evalli, so manaki  dhantlo share esthadu, you can use that for closing.  Only 5% down chesav kabbati monthly PMI untadhi ($200-300) ..20% down chesthe undadhu.. Neku standard job undi monthly 2k save chestha ante konuko..konatam easy ne..ammatam koncham kastapadali..

[crazymatta]

16 hours ago, Lukewalker said:

naadhi FHA loan bro, nenu H1 ee 

 

16 hours ago, crazymatta said:

deepam veliginchava kodiga or samacharam unna chotaki throllumu mamalni naa matta

@Lukewalker raavali

[godfather03]

12 hours ago, ilovemyself said:

 

Simple ga chepta..REDFIN app use chesimarket study chei. NC lo Cary (27519) or Apex or Morrisville best because manchi school districts (wake county). Appreciation untadhi.. 300K home ithe 5% down (i.e 15K ) in bank account lo undali konepudu..You can borrow from friends and take gift receipt.  Rest 3-4% interest ki Desi realtor a episthadu. Plus seller mana realtor ki commission 2-3% evalli, so manaki  dhantlo share esthadu, you can use that for closing.  Only 5% down chesav kabbati monthly PMI untadhi ($200-300) ..20% down chesthe undadhu.. Neku standard job undi monthly 2k save chestha ante konuko..konatam easy ne..ammatam koncham kastapadali..

So seller mana realtor ki icche commission or percentage lo manam share adagochha?

[Lukewalker]

1 hour ago, crazymatta said:

 

@Lukewalker raavali

ask your questions matta, annitiki javabu cheppe veltha

[crazymatta]

18 hours ago, Lukewalker said:

naadhi FHA loan bro, nenu H1 ee 

 

17 hours ago, crazymatta said:

deepam veliginchava kodiga or samacharam unna chotaki throllumu mamalni naa matta

 

[afdbzindabad]

On 8/1/2016 at 9:54 AM, Telugu_ammayi said:

h1 lo house konnacha ?

Naku telisinollu opt meda konukunnaru lol

[Quickgun_murugan]

18 hours ago, Lukewalker said:

naadhi FHA loan bro, nenu H1 ee 

@Lukewalker  bro FHA loan benefits enti ? how to apply and qualify konchem cheppava?

[stockdazzler]

FHA loan ki PMI(MIP)  life time untundha ? 80% reach ayyaka cancel avutundha?

[stockdazzler]

just found the following . Don't go for FHA

For homeowners with FHA mortgages that pre-date June 2013, FHA mortgage insurance cancels as soon as loan-to-value reaches 78% and 60 months have passed since the loan's inception. For everyone else, FHA mortgage insurance lasts for as long as the loan exists. You cannot cancel FHA MIP directly. To remove FHA mortgage insurance, you can refinance into another loan type which doesn't require "permanent MIP".

[Lukewalker]

35 minutes ago, Quickgun_murugan said:

@Lukewalker  bro FHA loan benefits enti ? how to apply and qualify konchem cheppava?

FHA loan valla benefits - you will get a loan for as low as 3.5% down payment. They are no strict rules as convetional loan. Interest rates are usually low compared to convetional loan, but takkuva interest ichina MIP lo dobbestaadu. 

FHA valla disadvantages - MIP (Mortgage Insurance Premium) will be throught out the life of the loan, for $400k loan it is approx $150  per month. conventional loan lo ayite loan to house value 78% raagane automatic ga MIP pothundhi. 

as the guy above said, if you want to get rid of MIP you have to refinance. 

why go for FHA loan: for 3.5% down payment, you can secure a loan, in an year or two, when interest rates are low and when house value appreciates (78% loan to house value ratio) , go for refinance, as house value appreciated, you dont need to put extra downpayment. lot of money is not tied up in your house this way, you can sell when you want without loosing much.