hydusguy Posted August 14, 2022 Report Share Posted August 14, 2022 1 hour ago, Ravi860 said: arm is tempting but Isn’t arm a gamble assuming rate will go down for sure in 5 years to do refinance well i am confident i can close 70%.. of my amount in 5yrs.. if not will refinance 1 Quote Link to comment Share on other sites More sharing options...
ve_ndor_bad_cows Posted August 14, 2022 Author Report Share Posted August 14, 2022 8 minutes ago, Vaampire said: Banks will take care of closing costs if u take points. why would u pay more interest with refinancing? It will extend ur term for sure. Compound interest on 575k check bro loan 1 :2022 five years principal 30k 5% 2027 - second five years 50k loan 2: 2027 - five years 35k 3% if you compare loan 1 vs loan 2 considering 2% interest down, 15k loss with refinancing with 0 closing costs Quote Link to comment Share on other sites More sharing options...
ve_ndor_bad_cows Posted August 14, 2022 Author Report Share Posted August 14, 2022 10 minutes ago, hydusguy said: well i am confident i can close 70%.. of my amount in 5yrs.. if not will refinance I guess Full cash reserves Quote Link to comment Share on other sites More sharing options...
Popular Post hydusguy Posted August 14, 2022 Popular Post Report Share Posted August 14, 2022 3 minutes ago, ve_ndor_bad_cows said: I guess Full cash reserves no my house cost price is less.. not even 500k.. like you guys in this db.. seems most of them are millionaires here 3 Quote Link to comment Share on other sites More sharing options...
Vaampire Posted August 14, 2022 Report Share Posted August 14, 2022 11 minutes ago, ve_ndor_bad_cows said: Compound interest on 575k check bro loan 1 :2022 five years principal 30k 5% 2027 - second five years 50k loan 2: 2027 - five years 35k 3% if you compare loan 1 vs loan 2 considering 2% interest down, 15k loss with refinancing with 0 closing costs I dint get it Quote Link to comment Share on other sites More sharing options...
Ravi860 Posted August 14, 2022 Report Share Posted August 14, 2022 10 minutes ago, hydusguy said: no my house cost price is less.. not even 500k.. like you guys in this db.. seems most of them are millionaires here If you don’t house loans yes 🤣 Quote Link to comment Share on other sites More sharing options...
ve_ndor_bad_cows Posted August 14, 2022 Author Report Share Posted August 14, 2022 10 minutes ago, Vaampire said: I dint get it Google Amortization calculator chudu bro, sample numbers petu you will understand what i am saying first loan ki 5% petanu refinancing ki 3% petanu the amount that goes to principal between having the same loan va refinancing varies because of the way laon gets calculated Quote Link to comment Share on other sites More sharing options...
JUST444FUN Posted August 14, 2022 Report Share Posted August 14, 2022 5 hours ago, hydusguy said: i would wait.. unless u dont regret if it does down and u can afford. Naaku telisina vallu 2.5 years nundi wait chestunnaru, Inka konalesu home . They are in late 30,s inko 3 years wait cheste emundi bro life . Waiting lone 10% life time eeypotadi Neenite home nacchite Konta, if I could afford it. Want to live life. 2 Quote Link to comment Share on other sites More sharing options...
ve_ndor_bad_cows Posted August 14, 2022 Author Report Share Posted August 14, 2022 Just now, JUST444FUN said: Naaku telisina vallu 2.5 years nundi wait chestunnaru, Inka konalesu home . They are in late 30,s inko 3 years wait cheste emundi bro life . Waiting lone 10% life time eeypotadi Neenite home nacchite Konta, if I could afford it. Want to live life. Same in my circle, many waited and still few are waiting Quote Link to comment Share on other sites More sharing options...
Vaampire Posted August 14, 2022 Report Share Posted August 14, 2022 13 minutes ago, ve_ndor_bad_cows said: Google Amortization calculator chudu bro, sample numbers petu you will understand what i am saying first loan ki 5% petanu refinancing ki 3% petanu the amount that goes to principal between having the same loan va refinancing varies because of the way laon gets calculated Its not straight forward as u think. i only care about how much interest i am paying and not about principal Quote Link to comment Share on other sites More sharing options...
ve_ndor_bad_cows Posted August 14, 2022 Author Report Share Posted August 14, 2022 15 minutes ago, Vaampire said: Its not straight forward as u think. i only care about how much interest i am paying and not about principal Just Check bro, principal thakuva -> interest more https://www.bankrate.com/mortgages/amortization-calculator/ 1 Quote Link to comment Share on other sites More sharing options...
Complex Posted August 14, 2022 Report Share Posted August 14, 2022 40 minutes ago, JUST444FUN said: Naaku telisina vallu 2.5 years nundi wait chestunnaru, Inka konalesu home . They are in late 30,s inko 3 years wait cheste emundi bro life . Waiting lone 10% life time eeypotadi Neenite home nacchite Konta, if I could afford it. Want to live life. last 2.5 years ante bit different situation ga, pandemic, sudden housing demand with bidding wars, WFH. Lot of people are in that situation. Bidding lo overpriced ki konna adhi inko headache. But I see your point. Quote Link to comment Share on other sites More sharing options...
quickgun_murugun Posted August 14, 2022 Report Share Posted August 14, 2022 19 hours ago, ve_ndor_bad_cows said: New construction signed and estimated completion september end, deposit 12k paid. thinking now if its risky, Next year housing crash chances emiti? In case of housing crash may get the similar house for atleast 30% less price, even if i loose that 12k that would still be a better deal What do you suggest? Already chala places lo 10-15% taggayi… inkoka 15-20% padthadi… padthay anatam kantey market correction anatam correct. Technically genuine ga peragaledu kabatti padatam undadu… Actual correction effects will be shown to general public after the November elections ! house vishayam lo proceed or drop off anedi nee personal thing. If you have confidence in your financial situation then go ahead. If you are skeptical, then wait until you gain confidence ! By waiting , you will definitely gain confidence either through FOMO or through comparative analysis ! 😀 Overall housing market is going through and will continue to go through correction phase until Q3 of 2023 Fiscal Year ! Quote Link to comment Share on other sites More sharing options...
ve_ndor_bad_cows Posted August 14, 2022 Author Report Share Posted August 14, 2022 17 minutes ago, quickgun_murugun said: Already chala places lo 10-15% taggayi… inkoka 15-20% padthadi… padthay anatam kantey market correction anatam correct. Technically genuine ga peragaledu kabatti padatam undadu… Actual correction effects will be shown to general public after the November elections ! house vishayam lo proceed or drop off anedi nee personal thing. If you have confidence in your financial situation then go ahead. If you are skeptical, then wait until you gain confidence ! By waiting , you will definitely gain confidence either through FOMO or through comparative analysis ! 😀 Overall housing market is going through and will continue to go through correction phase until Q3 of 2023 Fiscal Year ! Thanks for inputs, its good to see different views and perspectives So far no corrections in the area i am interested in comfortable financially If <20% corrections then I don’t care Quote Link to comment Share on other sites More sharing options...
quickgun_murugun Posted August 14, 2022 Report Share Posted August 14, 2022 35 minutes ago, ve_ndor_bad_cows said: Thanks for inputs, its good to see different views and perspectives So far no corrections in the area i am interested in comfortable financially If <20% corrections then I don’t care Correction will be about 20-30% overall ! Then there will be a slow progress ! If recession hits ( planned recession ) by 2025 , chances of price drops is more ! Quote Link to comment Share on other sites More sharing options...
21
-1.thumb.png.613bdd33b4e8b5f69ac815bf90e62a8b.png)
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.