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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32866
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Wednesday, November 16, 2016 - 3:47 pm: |
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Sasibabu:
used trimmers...  
Ignorance is bliss
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Nalla_baalu
Censor Bewarse
Username: Nalla_baalu
Post Number: 124928
Registered: 06-2011
Posted From: 204.194.77.3
| | Posted on Tuesday, November 15, 2016 - 3:36 pm: |
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Sasibob annai .... ippude monthly payments enthuntaayo telusthundhi ....oh my God meeku oka range lo monthly salary undaali lekapothe business anna start chesi undaali .... business start chesi unte maathram cheating
Aug 11th 2011 weight -- 84 kg; Aug 11th 2012 weight -- 88 kg; Aug 11th 2013 weight -- 80 kg; July 2015 -- 90 kilos (5'10")
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Thedarkknight
Pilla Bewarse
Username: Thedarkknight
Post Number: 560
Registered: 07-2008
Posted From: 183.83.26.5
| | Posted on Tuesday, November 15, 2016 - 3:15 pm: |
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Kubang:this one is not suitable for a novice like sasibob. India lo investing for higher interest rate option ayithe you are guaranteed to lose on exchange rate side. history is not kind for Indian Rupee Vs USD.
oh ok. Yeah, koncham alochinchi & choosi cheyali ee type of equity building investments. Ellappudu up to date kuda vundalsi vasthundi to cope up with market variances. Obviously requires effort.
I dont wear spects, only wear contact lens(&goggles sometimes). Only code lang that i know are > c,c++,java,c# & scrpt lang.
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32860
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 2:57 pm: |
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Thedarkknight: You can save the principal amount ( 3000 ) to invest somewhere else that beats the payment difference ( i.e difference of payment amount between 3% & 3.125% )
=> Assalu time ledantey, You can increase the equity of your house by paying that 3k amount and go for higher interest rate ( 3.125 ).
this part I agree.
Thedarkknight: I wouldn't suggest going for re-financing to shorter tenure for better interest rate. Just check if you can get better interest rates for the same tenure.
=> Lets say your current principal is 450k, @4.125, You would pay around 2180 EMI for 30 years
@3.125, You would pay around 3134 EMI for 15 years.
Basically you are paying 954$ extra every month.
All you need to do is figure out ways to invest safely so that the equity accumulated is always more than the difference in your "Principal equity of the House loan"
this one is not suitable for a novice like sasibob. India lo investing for higher interest rate option ayithe you are guaranteed to lose on exchange rate side. history is not kind for Indian Rupee Vs USD.
Ignorance is bliss
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Thedarkknight
Pilla Bewarse
Username: Thedarkknight
Post Number: 558
Registered: 07-2008
Posted From: 183.83.26.5
| | Posted on Tuesday, November 15, 2016 - 2:14 pm: |
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Sasibabu:thanks kubang jee
here is the question
matter entante naadhi present rate 4.125% with 30 years fixed.....
interest rates thaggaka refinance chedhamanukunna gaani missed the bus ...but never the late ani ippudu quotes theesukunna
i got 15 years quote with 3% rate and 3k closing cost or 3.125% rate with no closing cost
20 years quote with 3.625% with 3k closing and 3.75% with no closing cost
15 years emi is affordable ..... so dhaaniki vellamantaaraa .... i will be paying 900 more when compared to present emi per month and 1% thakkuva ret
suggestions please
My advice is below. All of my suggestions require a bit of time and effort but are simple tricks to implement.
http://www.bretwhissel.net/cgi-bin/amortize is an awesome website that i had always used for amortization calculations.
> Instead of paying closing closts upfront, I would go for higher interest rate. This gives us couple of options
=> You can save the principal amount ( 3000 ) to invest somewhere else that beats the payment difference ( i.e difference of payment amount between 3% & 3.125% )
=> Assalu time ledantey, You can increase the equity of your house by paying that 3k amount and go for higher interest rate ( 3.125 ).
It would take at least 11.5 years for the equity breakeven and you are only paying 6$ extra.
> I wouldn't suggest going for re-financing to shorter tenure for better interest rate. Just check if you can get better interest rates for the same tenure.
=> Lets say your current principal is 450k, @4.125, You would pay around 2180 EMI for 30 years
@3.125, You would pay around 3134 EMI for 15 years.
Basically you are paying 954$ extra every month.
All you need to do is figure out ways to invest safely so that the equity accumulated is always more than the difference in your "Principal equity of the House loan"
By taking the same example above, at the end of 15 years your payment balance is 0$ in 15 year tenure, Where in it is 292.3k in 30 year tenure.
But you are saving 954$ monthly which you can invest in recurring investment scheme that yeilds better than 4.125% of effective compound interest.
I haven't explored many options in USA ( 401K roth & mutual funds might be some to consider ) that yield and effective compound interest of 4.125 for recurring investments.
Simple recurring deposits in india ( FDs, postal & mutual funds ) can be considered for this purpose.
You have the advantages of liquidable equity & also can fare better than investing in the Home loan equity if you can dedicate time & effort.
But again, If you don't want to dedicate "Time & effort", you can go ahead and invest in Home Loan equity by opting for 3.125% option. |
Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32859
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 1:38 pm: |
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Sasibabu:3.125 with no closing cost is offer at table now ..
its not bad at all. you won't see this kind of low interest rates in your life again.
Ignorance is bliss
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32858
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 1:36 pm: |
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Onlymovies:low rate ki shopping ela cheyyalo konchem tips ivvandi..
go to a mortgage broker.
Ignorance is bliss
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 60451
Registered: 05-2004
Posted From: 63.169.138.2
| | Posted on Tuesday, November 15, 2016 - 1:15 pm: |
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Onlymovies:low rate ki shopping ela cheyyalo konchem tips ivvandi.. I will be shopping next year or so..
Key things always shop for no cost re-finance. Many tend to give higher interest rate to compensate the 0 cost.. thats the bargain point. Get the same rate without closing cost
Dhruva Audio Review
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Onlymovies
Censor Bewarse
Username: Onlymovies
Post Number: 36202
Registered: 01-2009
Posted From: 137.200.32.38
| | Posted on Tuesday, November 15, 2016 - 1:05 pm: |
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low rate ki shopping ela cheyyalo konchem tips ivvandi.. I will be shopping next year or so..
Devarakota.. paiga marumoola maamidi thota... adige dikku kooda ledu...
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Sasibabu
Mudiripoyina Bewarse
Username: Sasibabu
Post Number: 14421
Registered: 10-2010
Posted From: 45.20.143.145
| | Posted on Tuesday, November 15, 2016 - 1:04 pm: |
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Thanks Kubang jee and rao saab ..... 15 years ki fix ayyi shop chesthunna ..... 3.125 with no closing cost is offer at table now ....shopping for more....will see if i can reduce little bit
Sasibabu Fan of Pawan Kalyan and Land Acquisition
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 60450
Registered: 05-2004
Posted From: 63.169.138.2
| | Posted on Tuesday, November 15, 2016 - 12:55 pm: |
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Kubang:
I refinanced 4 times in 4 years and now I am at 2.625 for 15 years.
Paying 100 in addition to EMI is doing wonders..
Mine is also very small amount, so each time I refinanced, I got money back from Loan agent ( 2000-3000) which I put it back to the house. I am now looking at 11-12yrs left in mortgage..
Dhruva Audio Review
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32857
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:55 pm: |
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Sasibabu:
kontha mandi janam advise istharu, take the longest possible duration ani. less than 4% interest ki theesukuni migilina money (from lesser payments) vere edanna better return vache chota invest cheyochu ani vaalla argument. better returns anedi oka bhranthi (you are taking risk) where as lower interest rate dwara vache savings real money. choice is yours, in my case I am risk averse.
Ignorance is bliss
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32856
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:52 pm: |
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Soggadu:Drop & pick-up ki planning. Naa daily commute ki inko 15 to 20 minutes add authundhi. Ee Winter/Spring lo chudali elaa workout autundho naa plan
you are in a sellers market, take advantage
Ignorance is bliss
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32855
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:51 pm: |
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Sasibabu:
start with 15 years amortization and target 10 years to pay off with additional payment options. they normally allow 25% more per year and/or 25% more per month. we did it in exactly 10 years. of course ours is a very small house and only $300k mortgage.
Ignorance is bliss
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32854
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:47 pm: |
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Sasibabu:
here is my calculation, I have assumed a $500k loan just for simplicity:
15 years @3%, total interest: $120,720
15 years @3.125%, total interest: $126,286
20 years @3.625%, total interest: $202,310
20 years @3.75%, total interest: $209,658
at the end of the day, you want to pay as less interest as possible because what ever you save there remains with you.
as you can see shortest duration and less interest % is a no brainer.
Ignorance is bliss
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Soggadu
Kurra Bewarse
Username: Soggadu
Post Number: 2707
Registered: 02-2009
Posted From: 65.110.174.162
| | Posted on Tuesday, November 15, 2016 - 12:45 pm: |
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Kubang:
HD is open to my thoughts ... half battle won  Kids don't want to change schools. Drop & pick-up ki planning. Naa daily commute ki inko 15 to 20 minutes add authundhi. Ee Winter/Spring lo chudali elaa workout autundho naa plan
చక్కర కలిపిన తియ్యని తేనెల తోడు పెరుగు తెలుగు
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 60449
Registered: 05-2004
Posted From: 63.169.138.2
| | Posted on Tuesday, November 15, 2016 - 12:44 pm: |
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Sasibabu:
first thing to remember when you refinance is you will start 30 years again, so no use unless you reduce the time.
Go for 15 years and pay 100 or 200 extra per month along with EMI, that will reduce 2-3 years overall in your payment.
closing cost 0 ki normal gaa interest add chestaru, bargain for 0 down for 3%.. then you should be all set..
30 years mortage is a big dent as you pay lot of interest compared to 15 years
Dhruva Audio Review
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Sasibabu
Mudiripoyina Bewarse
Username: Sasibabu
Post Number: 14420
Registered: 10-2010
Posted From: 45.20.143.145
| | Posted on Tuesday, November 15, 2016 - 12:43 pm: |
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Kubang:assuming you have no plans to change the house for at least next 5 years and no plans of RTI in the next 10 years. then I would say you take the shortest duration and least interest % option
unless some dharidhram maree edhurosthe thappithe next 10 years ikkade gurujee
Sasibabu Fan of Pawan Kalyan and Land Acquisition
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32853
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:38 pm: |
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Soggadu:
in fact evadanna toronto and vancouver real estate meeda "puts" ammithe I am ready to buy.
Ignorance is bliss
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32852
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:38 pm: |
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Soggadu:Ikkada illu ammesi, further North move ayithe mrotgage at least 50% tagge la undhi ...
mee toronto market picha hot and probably not a bad idea to sell assuming you don't have too many issues with increased travel and school changes for kids
Ignorance is bliss
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Sasibabu
Mudiripoyina Bewarse
Username: Sasibabu
Post Number: 14419
Registered: 10-2010
Posted From: 45.20.143.145
| | Posted on Tuesday, November 15, 2016 - 12:31 pm: |
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thanks kubang jee
here is the question
matter entante naadhi present rate 4.125% with 30 years fixed.....
interest rates thaggaka refinance chedhamanukunna gaani missed the bus ...but never the late ani ippudu quotes theesukunna
i got 15 years quote with 3% rate and 3k closing cost or 3.125% rate with no closing cost
20 years quote with 3.625% with 3k closing and 3.75% with no closing cost
15 years emi is affordable ..... so dhaaniki vellamantaaraa .... i will be paying 900 more when compared to present emi per month and 1% thakkuva ret
suggestions please
Sasibabu Fan of Pawan Kalyan and Land Acquisition
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Soggadu
Kurra Bewarse
Username: Soggadu
Post Number: 2706
Registered: 02-2009
Posted From: 65.110.174.162
| | Posted on Tuesday, November 15, 2016 - 12:28 pm: |
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How to be mortgage free ani oka lekka vesa ...
Thx to hot real estate market, konna house value perigindhi. Unna urlo janam kooda perigaru, everything is slowly getting crowded.
Ikkada illu ammesi, further North move ayithe mrotgage at least 50% tagge la undhi ...
Naa thoughts meedha mee opinion cheppandi.
చక్కర కలిపిన తియ్యని తేనెల తోడు పెరుగు తెలుగు
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Tingari_xx
Bewarse Legend
Username: Tingari_xx
Post Number: 51244
Registered: 08-2006
Posted From: 76.109.163.196
| | Posted on Tuesday, November 15, 2016 - 12:19 pm: |
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Kubang: tingu will solve the puzzle.
naa bonda, naaku bokka padindi. refinance cheyali ani last few months ga local credit union ki phone seyatam, vaadu apt iste aa roju aapice lo edo oka meeting ani skip kottadam  |
Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32851
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:17 pm: |
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naa two cents:
assuming you have no plans to change the house for at least next 5 years and no plans of RTI in the next 10 years. then I would say you take the shortest duration and least interest % option. The goal should be to pay off the entire mortgage in that duration, yes you can do that. End of the day you should select the option with the lowest total "interest" out of your pocket.
Ignorance is bliss
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Kubang
Celebrity Bewarse
Username: Kubang
Post Number: 32850
Registered: 09-2011
Posted From: 161.141.1.1
| | Posted on Tuesday, November 15, 2016 - 12:03 pm: |
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nee doubts on mortgage refinancing ikkada ettu. tingu will solve the puzzle.
Ignorance is bliss
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