greensboro Posted July 24, 2018 Report Posted July 24, 2018 Anil Gupta in USA1 min Does buying house on H1B Visa in USA make sense? Should I buy home without worrying about the un-certainty attached to H1B visa? Buying house on H1B visa is a long term decision and depends highly on your base location/ City. It may or may not be always be the best investment due to the high property taxes. Some locations like Boston, New York City, and Bay area (in California) are extremely expensive to buy a house, but may be able to give you a profit when you sell your house. But, other locations, like Dallas (Texas), Tampa (Florida), Raleigh (North Carolina)may not be fruitful as they all have land available to expand horizontally. More ground area is generally responsible for low price appreciation for housing market. If you do not stay in the house for at-least 5 years, it would be really difficult to even break even the money you may have spent (think of maintenance, home insurance, property taxes, monthly EMI). We are hearing a lot of people on H1B are a bit scared now to sign for Home Mortgage after recent USCIS policy changes to allow forceful deportation (NTA) and H4-EAD work permits being stopped (Almost confirmed). H1B buy home with 5% down payment? Many people that we spoke to, have informed us that even though they are buying a new house and taking mortgage, they are only putting in 5% as down payment. This too, when they can actually pay 20% and avoid the PMI insurance. They are basically trying to keep as much money with them as they can, in the highly un-stable environment when your H-1B extension / Amendment or Transfer can be rejected without ever issuing an RFE! Do H1B worker still owe money to Bank Mortgage if visa is denied? What can happen if your H1B extension is cancelled and you have mortgage to pay? Well, simple answer is – you still OWE the money to bank. If you have to go back to your native country immediately in case of H1B extension cancellation, there are not much options available to you. You have to FOLLOW the immigration law and leave the country immediately. You still have to keep paying the MORTGAGE installment, home insurance, maintenance and property taxes. It does not matter how you pay it. Bank want their money back and government want their taxes. Off-course, you can rent out the home even though you are not physically present in USA. This is allowed legally. Clever America. Quote
Pumpuhaar Posted July 24, 2018 Report Posted July 24, 2018 nannu adigithe...dont buy homes until you have GC atleast....ippudu unna situation lo chaala immigration problems ostai but every problem cannot be success.... Quote
Watermelon Posted July 24, 2018 Report Posted July 24, 2018 Just now, Pumpuhaar said: nannu adigithe...dont buy homes until you have GC atleast....ippudu unna situation lo chaala immigration problems ostai but every problem cannot be success.... Evadadigaad bey dengeyyyy Quote
rapchik Posted July 24, 2018 Report Posted July 24, 2018 5 minutes ago, greensboro said: Anil Gupta in USA1 min Does buying house on H1B Visa in USA make sense? Should I buy home without worrying about the un-certainty attached to H1B visa? Buying house on H1B visa is a long term decision and depends highly on your base location/ City. It may or may not be always be the best investment due to the high property taxes. Some locations like Boston, New York City, and Bay area (in California) are extremely expensive to buy a house, but may be able to give you a profit when you sell your house. But, other locations, like Dallas (Texas), Tampa (Florida), Raleigh (North Carolina)may not be fruitful as they all have land available to expand horizontally. More ground area is generally responsible for low price appreciation for housing market. If you do not stay in the house for at-least 5 years, it would be really difficult to even break even the money you may have spent (think of maintenance, home insurance, property taxes, monthly EMI). We are hearing a lot of people on H1B are a bit scared now to sign for Home Mortgage after recent USCIS policy changes to allow forceful deportation (NTA) and H4-EAD work permits being stopped (Almost confirmed). H1B buy home with 5% down payment? Many people that we spoke to, have informed us that even though they are buying a new house and taking mortgage, they are only putting in 5% as down payment. This too, when they can actually pay 20% and avoid the PMI insurance. They are basically trying to keep as much money with them as they can, in the highly un-stable environment when your H-1B extension / Amendment or Transfer can be rejected without ever issuing an RFE! Do H1B worker still owe money to Bank Mortgage if visa is denied? What can happen if your H1B extension is cancelled and you have mortgage to pay? Well, simple answer is – you still OWE the money to bank. If you have to go back to your native country immediately in case of H1B extension cancellation, there are not much options available to you. You have to FOLLOW the immigration law and leave the country immediately. You still have to keep paying the MORTGAGE installment, home insurance, maintenance and property taxes. It does not matter how you pay it. Bank want their money back and government want their taxes. Off-course, you can rent out the home even though you are not physically present in USA. This is allowed legally. Clever America. 21 Reject ayi intiki deng**** edndhi ee ladolo gola... Quote
Biskot Posted July 24, 2018 Report Posted July 24, 2018 Just now, Pumpuhaar said: nannu adigithe...dont buy homes until you have GC atleast....ippudu unna situation lo chaala immigration problems ostai but every problem cannot be success.... rent badhulu mortgage ke pay chesthe better kada.... last lo sale chesovachu.. Quote
yankees Posted July 24, 2018 Report Posted July 24, 2018 Just now, Pumpuhaar said: nannu adigithe...dont buy homes until you have GC atleast....ippudu unna situation lo chaala immigration problems ostai but every problem cannot be success.... no one is listening to this...its better we keep our mouth shut...eppudu emi avutudo evadiki telidu...kani chala loopholes vetukutaru once h1 gets rejected......wait for sep 11 and see how the future will be Quote
Pumpuhaar Posted July 24, 2018 Report Posted July 24, 2018 3 minutes ago, Watermelon said: Evadadigaad bey dengeyyyy pothunna...ne amma ni estanduke pothuna bey Quote
Android_Halwa Posted July 24, 2018 Report Posted July 24, 2018 Cash is king..always...especially in times of crisis, cash is the only way out. Troublesome times are ahead. save all your cash and live on credit.....don't worry even if you have debt, but in uncertainty times, debt can be neutralized with cash when the situation gets better but if it gets worst, thank god at least you will be saved with cash..!!! CASH..!! Believe in Cash... Quote
Fish Posted July 24, 2018 Report Posted July 24, 2018 3 minutes ago, Android_Halwa said: Cash is king..always...especially in times of crisis, cash is the only way out. Troublesome times are ahead. save all your cash and live on credit.....don't worry even if you have debt, but in uncertainty times, debt can be neutralized with cash when the situation gets better but if it gets worst, thank god at least you will be saved with cash..!!! CASH..!! Believe in Cash... Good suggestion Quote
Pumpuhaar Posted July 24, 2018 Report Posted July 24, 2018 7 minutes ago, Biskot said: rent badhulu mortgage ke pay chesthe better kada.... last lo sale chesovachu.. ee rules ni tattukoni okavela raani problem sudden ga oste?...like india lo irikipothe?...car etlano atla ammukovochu illu ni etla settle chestaav India nundi?....anything can happen at the moment Quote
Fish Posted July 24, 2018 Report Posted July 24, 2018 Just now, Pumpuhaar said: ee rules ni tattukoni okavela raani problem sudden ga oste?...like india lo irikipothe?...car etlano atla ammukovochu illu ni etla settle chestaav India nundi?....anything can happen at the moment Everyone has siblings living here so they will help Quote
Biskot Posted July 24, 2018 Report Posted July 24, 2018 1 minute ago, Pumpuhaar said: ee rules ni tattukoni okavela raani problem sudden ga oste?...like india lo irikipothe?...car etlano atla ammukovochu illu ni etla settle chestaav India nundi?....anything can happen at the moment india lo struck aythey anthe inka.... Quote
greensboro Posted July 24, 2018 Author Report Posted July 24, 2018 Contracting lo unte house buying marchipovali Quote
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