golmaalgovindam Posted February 3, 2023 Report Posted February 3, 2023 Konchem experts throw some light … current situation lo rendu almost closer to each other but which one to prefer and why anedhi clear ledhu .. ARm any how monthly mortage is less than fixed Quote
ARYA Posted February 3, 2023 Report Posted February 3, 2023 Go with what ever costs you less.. you can always refi when the rates are down 1 Quote
BommaliNinnodhala Posted February 3, 2023 Report Posted February 3, 2023 24 minutes ago, golmaalgovindam said: Konchem experts throw some light … current situation lo rendu almost closer to each other but which one to prefer and why anedhi clear ledhu .. ARm any how monthly mortage is less than fixed Arm vs 30yr difference > 1.5% unte OPT for ARM else 30yr fixed Quote
golmaalgovindam Posted February 3, 2023 Author Report Posted February 3, 2023 1 hour ago, BommaliNinnodhala said: Arm vs 30yr difference > 1.5% unte OPT for ARM else 30yr fixed Ante diff ela vasthudhi … not able to get this calculation … edhi theeskunna refi chestham kadha .. Quote
BommaliNinnodhala Posted February 4, 2023 Report Posted February 4, 2023 1 minute ago, golmaalgovindam said: Ante diff ela vasthudhi … not able to get this calculation … edhi theeskunna refi chestham kadha .. Not worth it otherwise ani — at the end of 5years or before 5years doesn’t fall and more than now — you are taking that risk of paying higher rates — 30year fixed kabatti no risk Quote
golmaalgovindam Posted February 4, 2023 Author Report Posted February 4, 2023 1 minute ago, BommaliNinnodhala said: Not worth it otherwise ani — at the end of 5years or before 5years doesn’t fall and more than now — you are taking that risk of paying higher rates — 30year fixed kabatti no risk ARM theeskunte … 100% refinance cheyyalsindhe after 5 years … Fixed theeskunna …current rates ki refi cheyyalsindhe fixed lo refinance ki ARM lo refinance ki emaina diff untudha ?? Or same way for both …. Quote
BommaliNinnodhala Posted February 4, 2023 Report Posted February 4, 2023 1 minute ago, golmaalgovindam said: ARM theeskunte … 100% refinance cheyyalsindhe after 5 years … Fixed theeskunna …current rates ki refi cheyyalsindhe fixed lo refinance ki ARM lo refinance ki emaina diff untudha ?? Or same way for both …. niku ardham avvali antey — when you get pre approval get one quote for 30yr fixed and another for 5/1Arm — then you will understand better of how much EMI you will be paying for the life of the loan — considering you take market volatility on the mortgage rates as no one knows how its going to be in 5year or 10years — Quote
pandemkodi Posted February 4, 2023 Report Posted February 4, 2023 If you refi you loose all the interest you paid 2 Quote
BommaliNinnodhala Posted February 4, 2023 Report Posted February 4, 2023 2 minutes ago, pandemkodi said: If you refi you loose all the interest you paid I don’t understand the math — can you give more detail on how we loose interest on refi? Quote
golmaalgovindam Posted February 4, 2023 Author Report Posted February 4, 2023 32 minutes ago, pandemkodi said: If you refi you loose all the interest you paid If possible konchem numbers tho explain please Quote
Vaampire Posted February 4, 2023 Report Posted February 4, 2023 33 minutes ago, pandemkodi said: If you refi you loose all the interest you paid Refinance cheyyakapothey interest refund isthara bhayya? I dont get it. with refinance u will extend ur term. Quote
IamBhagatSingh Posted February 4, 2023 Report Posted February 4, 2023 56 minutes ago, pandemkodi said: If you refi you loose all the interest you paid Wrong info. Quote
pandemkodi Posted February 4, 2023 Report Posted February 4, 2023 57 minutes ago, IamBhagatSingh said: Wrong info. Okay Quote
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