jefferson1 Posted June 24, 2018 Report Posted June 24, 2018 naku oka financial advice kavali india lo house bank loan undi which is 15 lakhs , i make monthy payment of 17, inka 19 years undi ( i took it for 20 yrs) i paid 5 lakhs towards prinicipal last month. rest of the money i can pay until next year ( apr - May) and close it if i wanted to. i am thinking of buying house here in US, na daggara around 10% undi cash ( like 50K) next year e time ki inkno 50K varaku i can add. next Jun lo na h1 extension undi. so nenu india bank loan close cheyala or save that money here and pay it towards downpayment which will reduce interest rate? edi better. new house kondam ani thinking, papers sign chesaka 6 months ki handover chestharatna house ni. house around 500K chustunna. nenu unde city lo houses expensive. Quote
Android_Halwa Posted June 24, 2018 Report Posted June 24, 2018 My sincere advice : India lo vunna property ki, imstead or clearing the loan, part payment chesi minimum amount home loan pettuko...That will assure the safety and security of the home. Quote
Android_Halwa Posted June 24, 2018 Report Posted June 24, 2018 Even if it’s few thousands a month, its better for the house to be under home loan especially if you are an NRI and plan to stay here...my family house is literally worth crores but it’s under home loan for a meager 10 lakhs which we keep in extending...it has been under mortgage since 1998....not that we cannot afford to pay it off but as a security measure. Quote
jefferson1 Posted June 24, 2018 Author Report Posted June 24, 2018 2 minutes ago, Android_Halwa said: My sincere advice : India lo vunna property ki, imstead or clearing the loan, part payment chesi minimum amount home loan pettuko...That will assure the safety and security of the home. thanks part payment chesina...monthly installment anthe untundi anta. paid amount principal ki pothundi they won't recude payment annadu safety and security ki em problem ledu....edaina issue untada? Quote
Popular Post k2s Posted June 24, 2018 Popular Post Report Posted June 24, 2018 4 minutes ago, jefferson1 said: naku oka financial advice kavali india lo house bank loan undi which is 15 lakhs , i make monthy payment of 17, inka 19 years undi ( i took it for 20 yrs) i paid 5 lakhs towards prinicipal last month. rest of the money i can pay until next year ( apr - May) and close it if i wanted to. i am thinking of buying house here in US, na daggara around 10% undi cash ( like 50K) next year e time ki inkno 50K varaku i can add. next Jun lo na h1 extension undi. so nenu india bank loan close cheyala or save that money here and pay it towards downpayment which will reduce interest rate? edi better. new house kondam ani thinking, papers sign chesaka 6 months ki handover chestharatna house ni. house around 500K chustunna. nenu unde city lo houses expensive. so total ga neeku - US house 20% down for $500k house = $100k - India house loan Rs 15L ante = $23k - inka emaina CC appulu unnaya ? oka $7k esukuntunna -- Prasthutham chethi lo cash = $50k ------------------------------------------------------------- Total = $130k ki nee deggara $50k undi ippudu --------------------- US house : - first CC appulu clear cheyi. credit score is imp for home loan. ikkada home loan ki 20% ee kattali ani emi ledu..... you can always go with 10% down too..... best suggestion is buy house before end of the year... new house antunnav kabatti... lot book chesukovataniki around $10k earnest money katithey chalu..... by the time of closing, nee deggara entha untey(10%, 15%, 20%) antha katti close cheyi.. less than 20% ayithey around $120 permonth PMI katathavu anthey... nothing will change in % interest rate. remember, its your money, you use it for your self and your immediate family first India house loan : - 15L is about $23k. dont take any balance transfer on CC now, if you are buying home in US. once you buy house here and after closing, then you pay off india home loan.. till then, keep on paying like Rs 50k to 1L per month ($1k pm) towards principal 1 2 Quote
jays02 Posted June 25, 2018 Report Posted June 25, 2018 US lo house konadamu, chala chinnadi ga kanapade chaala pedda samasya kaalam yeduru tirigite. visa to leda job to yibbandi vaste, chala kastamavutundi. tondara paatu nirnayamu teesuko vaddu. ye paristiti naina yedurkone dhairyamu vunte, ok, go ahead. Konadamu easy kaani vadilinchukovaalante, chala kastamu anukoni ibbandi vaste. Quote
Android_Halwa Posted June 25, 2018 Report Posted June 25, 2018 20 minutes ago, jefferson1 said: thanks part payment chesina...monthly installment anthe untundi anta. paid amount principal ki pothundi they won't recude payment annadu safety and security ki em problem ledu....edaina issue untada? Part payment chesina, two ways it can be implemented depending on the bank...principal taggichesi tenure same vuntadi...or EMI will be same and tenure will be reduced....it depends on bank to bank.. security ante, these days especially NRI properties kabza, misuse lantivi chala avutunaui...it’s better to stay safe than 1 Quote
infoseeker786 Posted June 25, 2018 Report Posted June 25, 2018 10 minutes ago, jays02 said: US lo house konadamu, chala chinnadi ga kanapade chaala pedda samasya kaalam yeduru tirigite. visa to leda job to yibbandi vaste, chala kastamavutundi. tondara paatu nirnayamu teesuko vaddu. ye paristiti naina yedurkone dhairyamu vunte, ok, go ahead. +1 Quote
hyderabadgreat Posted June 25, 2018 Report Posted June 25, 2018 500 k petti konta antunnav bhayya malli advise antav.... Paisal unte koneyi ... Quote
Maryadaramanna Posted June 25, 2018 Report Posted June 25, 2018 51 minutes ago, Android_Halwa said: Even if it’s few thousands a month, its better for the house to be under home loan especially if you are an NRI and plan to stay here...my family house is literally worth crores but it’s under home loan for a meager 10 lakhs which we keep in extending...it has been under mortgage since 1998....not that we cannot afford to pay it off but as a security measure. Home loan vunte em security halwa kaka...zara bacha gallani educate sesko Quote
jefferson1 Posted June 25, 2018 Author Report Posted June 25, 2018 29 minutes ago, hyderabadgreat said: 500 k petti konta antunnav bhayya malli advise antav.... Paisal unte koneyi ... anni dabbulu levu, 20% downpayment cheyagalanu next jan varaku Quote
Vaampire Posted June 25, 2018 Report Posted June 25, 2018 Continue paying mortgage in india and buy house here. Aa tharuvatha india loan clear cheyyi Quote
k2s Posted June 25, 2018 Report Posted June 25, 2018 14 hours ago, jays02 said: US lo house konadamu, chala chinnadi ga kanapade chaala pedda samasya kaalam yeduru tirigite. visa to leda job to yibbandi vaste, chala kastamavutundi. tondara paatu nirnayamu teesuko vaddu. ye paristiti naina yedurkone dhairyamu vunte, ok, go ahead. Konadamu easy kaani vadilinchukovaalante, chala kastamu anukoni ibbandi vaste. -100 when real estate market in us is booming, why do you think selling your house is pain ?more than 80% of new home buyers are visa holders. Quote
Vaampire Posted June 25, 2018 Report Posted June 25, 2018 29 minutes ago, k2s said: -100 when real estate market in us is booming, why do you think selling your house is pain ?more than 80% of new home buyers are visa holders. + million thatha. selling is not a problem in good real estate areas. Ok ok areas lo koncham time patochu kaani ammochu. manollu 20% down payment chesthu visa status alochisthunaru. Chinese folks all cash chesthunnaru. Quote
Biskot Posted June 25, 2018 Report Posted June 25, 2018 15 hours ago, Android_Halwa said: Even if it’s few thousands a month, its better for the house to be under home loan especially if you are an NRI and plan to stay here...my family house is literally worth crores but it’s under home loan for a meager 10 lakhs which we keep in extending...it has been under mortgage since 1998....not that we cannot afford to pay it off but as a security measure. +1111 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.