Closing cost of 8k -rocket mortgage

[Tellugodu]

FHA streamline , bringing down interest rate from 4.5 to 2.99 % but asking for 8k closing cost . New Loan amount offered is 167k, 25 years loan . Balance we have on existing loan is around 157k , 30 years. Experts please advise.

[Srin]

Change the subject dude  closing costs ki 8000k enti 

[chamcha420]

Look for another lender

[tom bhayya]

FHA fee adhi no one can escape that, end of the day emi thaggindha ledhaa anedhey chudaali uncle 

[soodhilodaaram]

7 minutes ago, Tellugodu said:

FHA streamline , bringing down interest rate from 4.5 to 2.99 % but asking for 8k closing cost . New Loan amount offered is 167k, 25 years loan . Balance we have on existing loan is around 157k , 30 years. Experts please advise.

you mean 8k na erupannay??

[Tellugodu]

58 minutes ago, soodhilodaaram said:

you mean 8k na erupannay??

Typo Babai.

[jefferson1]

dcu kuda same ....more closing cost aithe less interest

[tom bhayya]

16 minutes ago, jefferson1 said:

dcu kuda same ....more closing cost aithe less interest

its basic common sense uncle cost lender endhuku pettukuntaadu if someone says zero closing costs daani ardham interest late lono other fees lo principal lono vesukuntaaru 

[HugoStrange]

zero closing ki try cheyi kaka, 157k ki 8k closing is way too much, nadi 550k loan ki 3.25 tho zero closing chesadu loan depot vadu for 30 years

 

[Tellugodu]

57 minutes ago, HugoStrange said:

zero closing ki try cheyi kaka, 157k ki 8k closing is way too much, nadi 550k loan ki 3.25 tho zero closing chesadu loan depot vadu for 30 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Thanks baa, will reach out loan depot. I have only around 620 score, maybe that is dampening my chances.

[Tellugodu]

1 hour ago, tom bhayya said:

its basic common sense uncle cost lender endhuku pettukuntaadu if someone says zero closing costs daani ardham interest late lono other fees lo principal lono vesukuntaaru 

Thanks tommy uncle.

[tom bhayya]

1 hour ago, HugoStrange said:

zero closing ki try cheyi kaka, 157k ki 8k closing is way too much, nadi 550k loan ki 3.25 tho zero closing chesadu loan depot vadu for 30 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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FHA loan not conventional FHA will charge that amount and there is no other way

[HugoStrange]

Bro if that’s the case you are not saving much, 38k total thagguthundi for 25 years of time, if you invest in 8k in a index fund, with 6% growth it will be 35k in 25 years, so the whole thing is for less than 4K in 25years. Generally s&p 500 growth was an avarage if 7% over the last 40 years.  Ekkadanna growth 7% unte you are losing money. 
 

generally refinancing zero closing unte or at least .5% interest rate thaggi and closing costs 1% unte cheyochu. Loan lo first 5 years we will be paying more interest. Already konni years kattaka malli 25 years chesthunnav ante , not a good idea

[playboys]

5 hours ago, Tellugodu said:

FHA streamline , bringing down interest rate from 4.5 to 2.99 % but asking for 8k closing cost . New Loan amount offered is 167k, 25 years loan . Balance we have on existing loan is around 157k , 30 years. Experts please advise.

Bro FHA loans come under benefits form the gov.

Chk it.

Not ey for GC.