Calling Spartan and Mortgage Experts

[Bitcoin_Baba3]

@Spartan naaku oka investment house undhi bought in 2018 October, dhaani meedha APR 5.75% (closing costs oka $5k dhaka pay chesa), ippudu refinance cheddam anukuni oka lender gaadiki call chesa investment homes meedha ekkuva thaggadhu APR 4.75% with $2.5K closing costs antunnadu. Will that be worth doing that?

185k Loan amount for 30 year at 4.75% monthly $965 mortgage

185k Loan amount for 30 year at 5.75% monthly $1080 mortgage

$115 difference so oka 21 months ki aa $2.5k break even avvuddi, looks like long run lo good amount ye kada save or am I calculating something wrong here???? Naaku e APR lu, savings ivanni zero knowledge andhuke asking for some guidance.

 

 

 

[argadorn]

3 minutes ago, Bitcoin_Baba3 said:

@Spartan naaku oka investment house undhi bought in 2018 October, dhaani meedha APR 5.75% (closing costs oka $5k dhaka pay chesa), ippudu refinance cheddam anukuni oka lender gaadiki call chesa investment homes meedha ekkuva thaggadhu APR 4.75% with $2.5K closing costs antunnadu. Will that be worth doing that?

185k Loan amount for 30 year at 4.75% monthly $965 mortgage

185k Loan amount for 30 year at 5.75% monthly $1080 mortgage

$115 difference so oka 21 months ki aa $2.5k break even avvuddi, looks like long run lo good amount ye kada save or am I calculating something wrong here???? Naaku e APR lu, savings ivanni zero knowledge andhuke asking for some guidance.

 

 

 

185k house antay adhi cando na

[Bitcoin_Baba3]

1 minute ago, argadorn said:

185k house antay adhi cando na

$185k loan amount bro, $235k original value 1724 SFT signe family home

[xano917]

11 minutes ago, Bitcoin_Baba3 said:

$185k loan amount bro, $235k original value 1724 SFT signe family home

city ?

[AlaElaAlaEla]

25 minutes ago, Bitcoin_Baba3 said:

@Spartan naaku oka investment house undhi bought in 2018 October, dhaani meedha APR 5.75% (closing costs oka $5k dhaka pay chesa), ippudu refinance cheddam anukuni oka lender gaadiki call chesa investment homes meedha ekkuva thaggadhu APR 4.75% with $2.5K closing costs antunnadu. Will that be worth doing that?

185k Loan amount for 30 year at 4.75% monthly $965 mortgage

185k Loan amount for 30 year at 5.75% monthly $1080 mortgage

$115 difference so oka 21 months ki aa $2.5k break even avvuddi, looks like long run lo good amount ye kada save or am I calculating something wrong here???? Naaku e APR lu, savings ivanni zero knowledge andhuke asking for some guidance.

 

 

 

one straight goal is to reduce your monthly payments, which is why ppl do refinance. In your case, its worth doing refinance. Check 5 and 7 arm rates too.

Some ppl usually pick 5/1, 7/1 because they can do a refinance again whenever rates drop or increase.

Check with other lenders who waive off closing costs.

[BrotherBairagi]

dude check https://www.mtgprofessor.com - he practically has calculators for all mortgage scenarios you can think of...you can plug and play thousands of scenarios...

[Tellugodu]

1 hour ago, argadorn said:

185k house antay adhi cando na

Contact rocket mortgage , they offered 3.87% APR for me. Closing cost coming around 2.5k -3k

[CheGuevara]

Investment home kante secondary home ga teesukovachuga refinance loan... inka takkuva APR ke vasthadi ga... amina issues untaya ela cheste?

[Spartan]

1 hour ago, Bitcoin_Baba3 said:

@Spartan naaku oka investment house undhi bought in 2018 October, dhaani meedha APR 5.75% (closing costs oka $5k dhaka pay chesa), ippudu refinance cheddam anukuni oka lender gaadiki call chesa investment homes meedha ekkuva thaggadhu APR 4.75% with $2.5K closing costs antunnadu. Will that be worth doing that?

185k Loan amount for 30 year at 4.75% monthly $965 mortgage

185k Loan amount for 30 year at 5.75% monthly $1080 mortgage

$115 difference so oka 21 months ki aa $2.5k break even avvuddi, looks like long run lo good amount ye kada save or am I calculating something wrong here???? Naaku e APR lu, savings ivanni zero knowledge andhuke asking for some guidance.

Go with it.  1000$ save aitai max at the end...if u feel thats worth going

@k2s  can throw more light

[karna11]

Investment  or primary home ani ela telisiddi vadiki?

[k2s]

20 hours ago, Spartan said:

Go with it.  1000$ save aitai max at the end...if u feel thats worth going

@k2s  can throw more light

nenu emi cheptha rao garu.. evvariki istam ochindi vallu chestharu..antha vishnu maya

[Spartan]

2 minutes ago, k2s said:

nenu emi cheptha rao garu.. evvariki istam ochindi vallu chestharu..antha vishnu maya

endi kanipistalev e madhya..

apice lo baaga working anukunta...anduke me stock doosukupotundi.... @psycopk the millionaire seppadu

[AndhraneedSCS]

try other options as well like 20 year loans and see how it works out for you.

 

Don't have much knowledge about 2nd mortgages 

[Bitcoin_Baba3]

22 hours ago, BrotherBairagi said:

dude check https://www.mtgprofessor.com - he practically has calculators for all mortgage scenarios you can think of...you can plug and play thousands of scenarios...

Thanks brother

[Bitcoin_Baba3]

16 hours ago, karna11 said:

Investment  or primary home ani ela telisiddi vadiki?

Mana name meedha unna loans anni kanipisthai credit pull cheyyagane, it is always best to disclose all the loans clearly. And rental property ki rental agreement avi unte your loan approval will be easy