allbakara Posted July 16, 2021 Report Posted July 16, 2021 recent days lo malli thagginatlunnayi rates Quote
SwamyRaRa Posted July 19, 2021 Report Posted July 19, 2021 What to do after rate lock and rates are going down? @csrcsr @Shameless @shamsher_007 @vampire @k2s @Simple123 @sri_india Quote
Shameless Posted July 19, 2021 Report Posted July 19, 2021 4 minutes ago, SwamyRaRa said: What to do after rate lock and rates are going down? @csrcsr @Shameless @shamsher_007 @vampire @k2s @Simple123 @sri_india there is always an option of refinancing bro...but you should have completed at least 6 months with your current lender...that's what I did years ago, and now in the process of changing the lender... Quote
Simple123 Posted July 19, 2021 Report Posted July 19, 2021 11 minutes ago, SwamyRaRa said: What to do after rate lock and rates are going down? @csrcsr @Shameless @shamsher_007 @vampire @k2s @Simple123 @sri_india Rate lock ki max lender $500 Katti vuntadu.. so $500 picha lite anukunte check with lender to rate lock for lower rate . What’s the difference between locked rate vs new one ? Quote
Shameless Posted July 19, 2021 Report Posted July 19, 2021 1 minute ago, Simple123 said: Rate lock ki max lender $500 Katti vuntadu.. so $500 picha lite anukunte check with lender to rate lock for lower rate . What’s the difference between locked rate vs new one ? nenu adhe discuss chesthe, naa old lender gadu oppukoledhu bhayya...nenaithe inko month wait chesa 6 mnths complete avvataniki and ventane lender ni change chesa...JFQ lending vadu naku chala options icchadu, and he is still helping me now... Quote
Simple123 Posted July 19, 2021 Report Posted July 19, 2021 4 minutes ago, Shameless said: nenu adhe discuss chesthe, naa old lender gadu oppukoledhu bhayya...nenaithe inko month wait chesa 6 mnths complete avvataniki and ventane lender ni change chesa...JFQ lending vadu naku chala options icchadu, and he is still helping me now... Emundi, vere lender ki change avvali immediately unless you have given cc details for rate lock Quote
Shameless Posted July 19, 2021 Report Posted July 19, 2021 Just now, Simple123 said: Emundi, vere lender ki change avvali immediately unless you have given cc details for rate lock adhe chesa nenu...JFQ ody naku manchi rate ippinchindu...and 1 month no mortgage payment too and top of that I received all the money whatever was left in my escrow... Quote
SwamyRaRa Posted July 19, 2021 Report Posted July 19, 2021 17 minutes ago, Simple123 said: Rate lock ki max lender $500 Katti vuntadu.. so $500 picha lite anukunte check with lender to rate lock for lower rate . What’s the difference between locked rate vs new one ? Locked rate 2.75 with $2k paying for points. new one mostly get under 2.6 Quote
Shameless Posted July 19, 2021 Report Posted July 19, 2021 1 minute ago, SwamyRaRa said: Locked rate 2.75 with $2k paying for points. new one mostly get under 2.6 closing entha aduguthundu new lender? Quote
SwamyRaRa Posted July 19, 2021 Report Posted July 19, 2021 2 minutes ago, Shameless said: closing entha aduguthundu new lender? New home purchase bro. Closing KI 13k avunthundhi which includes 2k for 2.75 rate (rate locked on 07/09/2021)and included 6k lender credit Quote
godfather03 Posted July 19, 2021 Report Posted July 19, 2021 1 minute ago, SwamyRaRa said: New home purchase bro. Closing KI 13k avunthundhi which includes 2k for 2.75 rate (rate locked on 07/09/2021)and included 6k lender credit ippudu entha undi rate? Quote
Simple123 Posted July 19, 2021 Report Posted July 19, 2021 1 hour ago, SwamyRaRa said: Locked rate 2.75 with $2k paying for points. new one mostly get under 2.6 Why on the earth you are paying for points ? You can refinance in 6 months and interest rates are not expected to go higher till second Half of 2022 Quote
allbakara Posted July 19, 2021 Report Posted July 19, 2021 1 hour ago, SwamyRaRa said: Locked rate 2.75 with $2k paying for points. new one mostly get under 2.6 You can buy the new rate by paying fee like 500 if the new low rate is from same lender Lender evaru bro...ee points concept enti bro enni times chadivina idea ravatla dheeni gurinchi..pls throw some insight Quote
SwamyRaRa Posted July 19, 2021 Report Posted July 19, 2021 44 minutes ago, allbakara said: You can buy the new rate by paying fee like 500 if the new low rate is from same lender Lender evaru bro...ee points concept enti bro enni times chadivina idea ravatla dheeni gurinchi..pls throw some insight Ok. NVR mortgage for points explain calling @Simple123 Quote
Simple123 Posted July 19, 2021 Report Posted July 19, 2021 37 minutes ago, SwamyRaRa said: Ok. NVR mortgage for points explain calling @Simple123 points buying ante em ledu : For example Current 30yr mortgage rate 3% unte nuvvu oka 0.25% tagginchataniki (ante 2.75%) daniki paisal kattali around $1.5k to $2k. Points buying is useful when your loan amount is high and you want to reduce your monthly payments with lower interest rate. Ippudu mortgage rates are not going up for next 1 yr ... refinance elagu 6 months lo chepinchukovachu. why to waste money on lowering interest rate by purchasing points ? Quote
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