Dropped the idea of buying home

[ramabeer]

If you dont have money for atleast 30% down , don’t even think 

bullshit 

[thanks]

State your reasons

[Ravi860]

1 minute ago, ramabeer said:

If you dont have money for atleast 30% down , don’t even think 

bullshit 

but very low interest rate no?

[ramabeer]

Just now, thanks said:

State your reasons

1. PMI money 

2. Property taxes 

3. uncertain immigration situation

4. uncertain jobs 

[JambaKrantu]

The Feds announced that the interest rates are going to stay low for the next decade or so. Any country with low interest rates, property prices have sky rocketed. Look at Europe or Canada or Singapore or any other country with low interest rates. If you don't buy now you will regret down the line..

[NeneRajuNeneManthri]

Just now, ramabeer said:

1. PMI money 

2. Property taxes 

3. uncertain immigration situation

4. uncertain jobs 

20% pedithe PMI akkarledu. Some lenders do without PMI even if you don't have 20% down. All other 3 options are always true. India lo 2 and 4 leva enti?

Life shouldnt be stopped expecting situations not in your hand. 

[Kalam_Youtheman]

11 minutes ago, ramabeer said:

If you dont have money for atleast 30% down , don’t even think 

bullshit 

3% tho mast mandhi mana desis theesukunnaru bro.. inlcuking me

[ShruteSastry]

2 minutes ago, Kalam_Youtheman said:

3% tho mast mandhi mana desis theesukunnaru bro.. inlcuking me

ante 12,000$ down for 400,000$ home aaa, is it real?

Possible in Midwest?

[no01]

6 minutes ago, ramabeer said:

1. PMI money 

2. Property taxes 

3. uncertain immigration situation

4. uncertain jobs 

1. PMI money = 20% or even less aithe no PMI

2. Property taxes  = you will never buy a house in this life time....because property taxes will never go away. edo koncham atu itu ga thaggochu but usually it keeps increasing yr by yr so dont wait for property taxes to go down....rather move to low property tax states

3. uncertain immigration situation = ila wait chesi wait chesi, weight periginam and obese kuda avthunnam kani immigration mathram alane undi....its better dont keep hopes on immigration and then plan for house....eppatiki konalemu

4. uncertain jobs  = this is on going for entire life....even if you are US citizen.

[Vaampire]

I bought my first home with 10% down payment and I paid PMI for one year. Almost 4k for PMI for that year. Then put up another 40k to reach 20% and changed 30yrs fixed to 5/1 arm.

Nenu 20% down payment ki wait chesi untey same house ki 200k extra pettalsi vachedi. 

 

Off course everything depends on the area. If the appreciation is good, just go for it.

[Vaampire]

3 minutes ago, no01 said:

1. PMI money = 20% or even less aithe no PMI

2. Property taxes  = you will never buy a house in this life time....because property taxes will never go away. edo koncham atu itu ga thaggochu but usually it keeps increasing yr by yr so dont wait for property taxes to go down....rather move to low property tax states

3. uncertain immigration situation = ila wait chesi wait chesi, weight periginam and obese kuda avthunnam kani immigration mathram alane undi....its better dont keep hopes on immigration and then plan for house....eppatiki konalemu

4. uncertain jobs  = this is on going for entire life....even if you are US citizen.

Immigration prob vachi India vellipothey house ammesi vellochu. India move ayyaka kooda ammochu. There is a procedure for it. 

Uncertain job antey. That's always there all around the world.

[AndhraneedSCS]

nenu 20% down payment kosam 401K loan teesukunna. ee January ki loan(401K) will be paid off.

 

Now, I am refinancing and getting my 20% back as cash

[OreyPandhi]

37 minutes ago, ramabeer said:

If you dont have money for atleast 30% down , don’t even think 

bullshit 

True

 

[OreyPandhi]

25 minutes ago, no01 said:

1. PMI money = 20% or even less aithe no PMI

2. Property taxes  = you will never buy a house in this life time....because property taxes will never go away. edo koncham atu itu ga thaggochu but usually it keeps increasing yr by yr so dont wait for property taxes to go down....rather move to low property tax states

3. uncertain immigration situation = ila wait chesi wait chesi, weight periginam and obese kuda avthunnam kani immigration mathram alane undi....its better dont keep hopes on immigration and then plan for house....eppatiki konalemu

4. uncertain jobs  = this is on going for entire life....even if you are US citizen.

Point 4 - yesss

gc unna citizen aina jobs neeku stamp vesi pettaru. It is ur talent and luck. All homless people are USC and all good and high paying jobs(IT) are h1bs mostly .. 

it is all you nothing to do with status.

[banthiii]

Nenu very recently refinance cheyincha local credit union tho 2.125% for 20 years with 0 closing. Maa colleagues chala mandhi same credit union tho 15year, 10year with 0 closing. But aa 0 closing offer was only valid for application submitted by 7/31, from 8/1 they are charging 3K in closing