Illu Loan itu randi

[Vaampire]

35 minutes ago, pahelwan said:

Ohh vere karchulu lenattu pichakuntla PMI issue chestaru max kattedi 120$ for a 500k home. Dani kanna pedda karchulu untai like HOA , Property taxes, home warranty. 

I normally go with 5/1 or 7/1 arms where the starting rate would be around 2.8-3.5%.

20% kantey thakkuva kadithey chaala banks 30yrs fixed ey istharu. 

Home warrenty 30-40 per month. Single family homes ki hoa undadu mostly

[Vaampire]

2 minutes ago, Kaalakeya said:

Just trying to understand..Arms are a bit risky kada...if you plan to sell the house with in the term then Arms are good..but if you plan to retain the house for longer duration interest rates might go high kada.. 2000's lo interest rates were 8% ala aythe biscuit kada..

I dont intend to own a house for 30 yrs. 

8% interest rate ippatlo reach kaadu ley.

currently 5/1 arm lo unna. 4th year start kaganey malli 5/1 arm ki refinance chestha.

[Kaalakeya]

1 minute ago, Vaampire said:

I dont intend to own a house for 30 yrs. 

8% interest rate ippatlo reach kaadu ley.

currently 5/1 arm lo unna. 4th year start kaganey malli 5/1 arm ki refinance chestha.

cool