Home owners and finance experts randi vayya - Refinance discussion cheddam

[Doravaru]

Inkoka 1 or 2 years lo illu ammesi vere place ki move avvalaney thought undi (not sure). ippudu refinance cheste okay na..

Refinance lo unna Pros n Cons cheppandi... experts tho matladetappudu em em adagali.?

Refinance chesinanka illu ammeyyalantey emaina restrictions untaya?? like within 6 months ammoddu or some thing like that/??

thnx friends

[Hitman]

first nee existing rate enta? nuvvu enta % save cheyyabotunnvo lekka vesuko. for 2 years enta difference vastundo. 

[BeerBob123]

waste uncle

thd closed

[CheGuevara]

Use this calculator ...

https://www.nerdwallet.com/mortgages/refinance-calculator/calculate-refinance-savings

[k2s]

2 hours ago, Doravaru said:

Inkoka 1 or 2 years lo illu ammesi vere place ki move avvalaney thought undi (not sure). ippudu refinance cheste okay na..

Refinance lo unna Pros n Cons cheppandi... experts tho matladetappudu em em adagali.?

thnx friends

2 yrs tarvata neeku guarantee ledu.. so take adv of low interest rates and refi

[Doravaru]

18 hours ago, k2s said:

2 yrs tarvata neeku guarantee ledu.. so take adv of low interest rates and refi

thnx @k2s thatha... 
mana H1 bathukulaki anni full guarantee tho osthay antava?

[Doravaru]

19 hours ago, CheGuevara said:

Use this calculator ...

https://www.nerdwallet.com/mortgages/refinance-calculator/calculate-refinance-savings

Thanks @CheGuevara bro

[Rabbo]

nenu 5/1 ARM chesa , dcu or nwfcu 

5k was the clsoing cost without including escrows

 i was saving 500 monthly by doing 5/1 ARM , so my closing cost will be covered in 10 month

5 yrs tarvata ekada untano nake teliyadu, so i did not go for 30 yrs or 15 yrs

[Quickgun_murugan]

6 minutes ago, Rabbo said:

nenu 5/1 ARM chesa , dcu or nwfcu 

5k was the clsoing cost without including escrows

 i was saving 500 monthly by doing 5/1 ARM , so my closing cost will be covered in 1 month

5 yrs tarvata ekada untano nake teliyadu, so i did not go for 30 yrs or 15 yrs

smart move...

Interest rate entha ichadu?

[Rabbo]

Just now, Quickgun_murugan said:

smart move...

Interest rate entha ichadu?

i got 2.875 % for 5/1 with nwfcu 2 months back  without any points buying

i think now it is 3.00 % for 5/1 ARM without any points buying

[Bitcoin_Baba3]

12 minutes ago, Rabbo said:

i got 2.875 % for 5/1 with nwfcu 2 months back  without any points buying

i think now it is 3.00 % for 5/1 ARM without any points buying

Bro how does this ARM works? Malli 5 years ayyaka do you need to refinance with closing costs or appati market rate vesthada?

 

I have one 2019 built with 4.75% APR

Last year 2018 built okati investment kosam theeskoni rented it out adhi 5.75% APR undhi

Planning to refinance both in December

[neekunuvvetopu]

3 minutes ago, Bitcoin_Baba3 said:

Bro how does this ARM works? Malli 5 years ayyaka do you need to refinance with closing costs or appati market rate vesthada?

 

I have one 2019 built with 4.75% APR

Last year 2018 built okati investment kosam theeskoni rented it out adhi 5.75% APR undhi

Planning to refinance both in December

which location?

[Rabbo]

13 minutes ago, Bitcoin_Baba3 said:

Bro how does this ARM works? Malli 5 years ayyaka do you need to refinance with closing costs or appati market rate vesthada?

 

I have one 2019 built with 4.75% APR

Last year 2018 built okati investment kosam theeskoni rented it out adhi 5.75% APR undhi

Planning to refinance both in December

after 5 years the rate is higher, its better to refinance after 5 years, you will have closing costs.

5/1 ante after 5 years rate changes every 12 months, in my case rate increases by 2% every year, max apr for the life of loan is 8 %

[Bitcoin_Baba3]

25 minutes ago, neekunuvvetopu said:

which location?

The one I live is in MI, and investment is Cary, NC

[Bitcoin_Baba3]

1 minute ago, Rabbo said:

after 5 years the rate is higher, its better to refinance after 5 years, you will have closing costs.

5/1 ante after 5 years rate changes every 12 months, in my case rate increases by 2% every year, max apr for the life of loan is 8 %

life of loan ante 5 years a kada bro, so after 5 years your APR will be 8% but you can go for refinancing kada?