Recent ga house closing (interest rates)??

[neneno1]

1 hour ago, golmaalgovindam said:

6.75% ki extended rate lock tho isthuntadu with 4500fee. 

lock cheyyala ledha ani dilemma.

did u check with multiple lenders?

u can always refinance immediately after closing in case interest rates emanna taggithe after you close

[golmaalgovindam]

1 minute ago, neneno1 said:

did u check with multiple lenders?

u can always refinance immediately after closing in case interest rates emanna taggithe after you close

Everyone s giving only 90 day rate lock. Current builder closing eta clear ga ivvatle. Can go till Jan.

[Thokkalee]

1 hour ago, golmaalgovindam said:

6.75% ki extended rate lock tho isthuntadu with 4500fee. 

lock cheyyala ledha ani dilemma.

That is too high vaa.. especially to lock it upfront.. not sure what your monthly mortgage is and what your take home is.. .. you will pay a ton of interest on the loan.. 

[Complex]

suggest some good lenders.

[Pandubabu]

1 hour ago, neneno1 said:

Is ur builder’s mortgage offering any extended rate lock period? Any credits are they giving?

Lucky boi 

[pakeer_saab]

3 minutes ago, Complex said:

As per news there will be another 75 basis rate increase in nov/december of this year. 

I think rates will stay same for next 1 year.

I dont think so, see UK and understand what is going on

election ayyaka next week will decide the fate in US

Red geliste market will be blood, if Blues then market will be green, so they will spend more to prop up the economy, inflation will get worse

so in simple, but a home and have enough backing to protect yourselves for the next one year

best time to close will be first week of November, at some point in 6 months Fed will be forced to reduce rates

 

 

[Pandubabu]

22 minutes ago, Sonu_Patel said:

interest tagge suchanalu emana unnaya... I was thinking to sign a home but dhairyam ravadam ledu..

 

maku nache home anni 700+ prices untunnae.. oche salary motham samarpinchukovalsi ostundi. 

We interst rates ki 5 years atleast commit ayyela theesko to be on safer side . Even after that don't expect 3% rates ...single visa aithe  better to hastha prayog in 1 bhk

[Pandubabu]

3 minutes ago, pakeer_saab said:

I dont think so, see UK and understand what is going on

election ayyaka next week will decide the fate in US

Red geliste market will be blood, if Blues then market will be green, so they will spend more to prop up the economy, inflation will get worse

so in simple, but a home and have enough backing to protect yourselves for the next one year

best time to close will be first week of November, at some point in 6 months Fed will be forced to reduce rates

 

 

Ppl are feeling inflation . If fed feels raising rates is the solution , the fed or government atmre not going to reduce rates ...

[areyentiraidhi]

 

[areyentiraidhi]

 

[Netflixmovieguz]

Great Depression in making 

[golmaalgovindam]

1 hour ago, Thokkalee said:

That is too high vaa.. especially to lock it upfront.. not sure what your monthly mortgage is and what your take home is.. .. you will pay a ton of interest on the loan.. 

ippudu unna rates ilane unnai kadha 

[Thokkalee]

4 minutes ago, golmaalgovindam said:

ippudu unna rates ilane unnai kadha 

What is the loan amount? Monthly mortgage incl taxes?  Check the total cost of the loan (incl interest and principal and closing costs) and think if it is worth..  if it is affordable for the next 30 years, go ahead.. 

if the interest rate is 5.3%, you will pay an equal amount as interest on the loan.. for eg: if you take a 200K loan @5% for a 30 year loan, you will pay 200+200 =400K for the loan.. not including property taxes and other expenses.. 

[golmaalgovindam]

16 minutes ago, Thokkalee said:

What is the loan amount? Monthly mortgage incl taxes?  Check the total cost of the loan (incl interest and principal and closing costs) and think if it is worth..  if it is affordable for the next 30 years, go ahead.. 

if the interest rate is 5.3%, you will pay an equal amount as interest on the loan.. for eg: if you take a 200K loan @5% for a 30 year loan, you will pay 200+200 =400K for the loan.. not including property taxes and other expenses.. 

500k loan amount 

mortgage 3100$

closing cost ki 30k Dhaka avthudhi 

30 years idhe loan amount tho aithe kaadhu … refinance cheskuntam kadha

 

[Pandubabu]

2 minutes ago, golmaalgovindam said:

500k loan amount 

mortgage 3100$

closing cost ki 30k Dhaka avthudhi 

30 years idhe loan amount tho aithe kaadhu … refinance cheskuntam kadha

 

Refinance nammukoni mortgage theeskokandi annayyalu. Paina oka video post chesaru choodu .. fed has no plans to reduce rates . They are saying that they are not going to reduce rates even in recession . They were criticized a lot for the way they handled inflation . They are not going to let anything loose . They are going to destroy demand everywhere....