NVC FILERS - FOR October - 2010

[LotofPatience 65]

oh that's great great news Loto. Finally the deal is done !

BTW how much would be per month mortgage for $204K for 30 yrs. Loto?

Thanks Malvika!

At 3.375% interest rate for 5/1 ARM 30 years, every thousand loan will cost $4.42.

So for $204K purchase price with 5% down (in my case), loan will be $193.8K, then monthly payment (principal and interest) will be $856.60

There are many online tools to calculate it.

My total outflow comes just as close to renting a luxury 2 br unit in Edison area - Total around $1,500.

Loto

~~~~HAPPY BIRTH DAY~~~~

~~~~~ (L) ~~~~~

To my dearest wife....

~~~~~your's JAAAN

Let's party :dance: :dance: Many many years you both live happily in this earth :dance:

Loto

[IndigoSkies 168]

~~~~HAPPY BIRTH DAY~~~~

~~~~~ (L) ~~~~~

To my dearest wife....

~~~~~your's JAAAN

Did you call her on the dot? You better be talking to her now. Didn't know earlier, bro, or would've sent some flowers and some chocolate for bhabi-jaan.

Loto, give us a pictorial tour of your house when you can.

Edited January 25, 2011 by IndigoSkies

[LotofPatience 65]

Did you call her on the dot? You better be talking to her now. Didn't know earlier, bro, or would've sent some flowers and some chocolate for bhabi-jaan.

Loto, give us a pictorial tour of your house when you can.

Here it is, IS.

This is exactly not our address, but the unit and all details are same and it is in the same complex. There are pics and virtual tour as well.

http://www.realtor.com/realestateandhomes-detail/1111-Edison-Glen-Te_Edison_NJ_08837_M60800-70165

Loto

[Miami_Boy 9]

Did you call her on the dot? You better be talking to her now. Didn't know earlier, bro, or would've sent some flowers and some chocolate for bhabi-jaan.

Loto, give us a pictorial tour of your house when you can.

Thanks Loto and IS for the wishes. I called her..we had little chat since my 4 months old started crying, we had to hang up

IS, I have sent a birthday cake/sharee/Fatua using via GIFTZHAAT.COM. It cost me $184.99

I chose the expensive sharee which cost itself $129.99

[LotofPatience 65]

Thanks Loto and IS for the wishes. I called her..we had little chat since my 4 months old started crying, we had to hang up

IS, I have sent a birthday cake/sharee/Fatua using via GIFTZHAAT.COM. It cost me $184.99

I chose the expensive sharee which cost itself $129.99

That's great b'day gift, MB :dance:

Loto

[malvika 1]

Thanks Malvika!

At 3.375% interest rate for 5/1 ARM 30 years, every thousand loan will cost $4.42.

So for $204K purchase price with 5% down (in my case), loan will be $193.8K, then monthly payment (principal and interest) will be $856.60

There are many online tools to calculate it.

My total outflow comes just as close to renting a luxury 2 br unit in Edison area - Total around $1,500.

Loto

Let's party :dance: :dance: Many many years you both live happily in this earth :dance:

Loto

Thanks Loto for the detail information. I calculated the interest and came to the conclusion that someone would end up paying interest 100% of principal at the end of 30 yrs. rip off !

M_B

Happy Birthday to Bhabi Jaan

Many many more

[LotofPatience 65]

Thanks Loto for the detail information. I calculated the interest and came to the conclusion that someone would end up paying interest 100% of principal at the end of 30 yrs. rip off !

In fact, if one pays off in 30 years, interest will be 150% of the original loan amount. It is real rip-off!

That's why always beat the rent and pay off as quickly as one can

My all investments are back in India, that's why I don't want to load more money in the U.S. India gives phenominal ROI as one of the fastest growing nations.

Yes, Malvi, it will be 100% interest. 150% was based on my few years back calculation when rate was 5 or 6%.

Loto

Edited January 25, 2011 by PatiencePaidOff

[LotofPatience 65]

Malvi, here is the correct picture.

Based on 3.375% at 5% down, total interest will be 59% of the loan amount.

Now since it is 5/1 ARM, you need to pay off or sell off it in 5 years. Because interest rate will fluctuate (it will increase) after 5 years.

Chances to go down is no way. Because bank charges PLR + 3% for consumer loans. PLR now is close to 0%.

So, set the target and attack

Loto

Edited January 25, 2011 by PatiencePaidOff

[IndigoSkies 168]

Thanks Loto and IS for the wishes. I called her..we had little chat since my 4 months old started crying, we had to hang up

IS, I have sent a birthday cake/sharee/Fatua using via GIFTZHAAT.COM. It cost me $184.99

I chose the expensive sharee which cost itself $129.99

Points, scored. Look at you! Totally a considerate husband! That was very nice of you.

My wife birthday was around when my mother had the stroke. My wife and her family were planning a big birthday party since it was her last with her parents, and first after out marriage. They cancelled it and instead used all of the money feed orphans. That was very nice of them. No? I cannot speak a like but that made me cry and my affinity toward my wife became that much more stronger.

[Miami_Boy 9]

Malvi, here is the correct picture.

Based on 3.375% at 5% down, total interest will be 59% of the loan amount.

Now since it is 5/1 ARM, you need to pay off or sell off it in 5 years. Because interest rate will fluctuate (it will increase) after 5 years.

Chances to go down is no way. Because bank charges PLR + 3% for consumer loans. PLR now is close to 0%.

So, set the target and attack

Loto

Loto ji,

when I went to buy house..exact figure was desire me to pay off front of 55,189.13..Only thing I had to borrow 20k from my cousin which I'm paying $1000 a months with NO interest

[Miami_Boy 9]

Thanks Loto for the detail information. I calculated the interest and came to the conclusion that someone would end up paying interest 100% of principal at the end of 30 yrs. rip off !

M_B

Happy Birthday to Bhabi Jaan

Many many more

Thanks malvi

Edited January 25, 2011 by Miami_Boy

[LotofPatience 65]

Loto ji,

when I went to buy house..exact figure was desire me to pay off front of 55,189.13..Only thing I had to borrow 20k from my cousin which I'm paying $1000 a months with NO interest

MB,

That's the best deal you can ever get - 0% interest rate - like olden day's credit card deal :) I wish that deal should come back again I remember I have pulled some fat money in that deal and invested in India during those days and paid off 0% deal was about to expire here.

My best rate for this deal would be 3.625% for 5/1 ARM with no loan origination fee and 0 points. This area is bit expensive as well! But, there is a decline of 35 to 40% already from all time peak in 2006. Similar to my unit was sold for $310K during peak time. Now it is $204K.

Did you move out to your new home already?

Loto

[Miami_Boy 9]

MB,

That's the best deal you can ever get - 0% interest rate - like olden day's credit card deal :) I wish that deal should come back again I remember I have pulled some fat money in that deal and invested in India during those days and paid off 0% deal was about to expire here.

My best rate for this deal would be 3.625% for 5/1 ARM with no loan origination fee and 0 points. This area is bit expensive as well! But, there is a decline of 35 to 40% already from all time peak in 2006. Similar to my unit was sold for $310K during peak time. Now it is $204K.

Did you move out to your new home already?

Loto

Yes. I did last week. I have to fix Bathroom and kitchen area...I have been shoping around to see i can cheap deal from Home depot or others places. I got a qoate from Mexican contractor.

for my both bathroom: New toilet bowl, basin with counter and tiles for $3850.00( including labor cost+ accessories)

for kitchen area with bult new counter+pantry for $3500.00( Including labor cost, tile+accessories)

Is that good deal?? Any suggestion would be greatly appreciated.

Edited January 25, 2011 by Miami_Boy

[LotofPatience 65]

MB, I think that would be pretty good deal for you.

Labor, of course, will be cheaper in your case.

Compare the material cost between Home Depot and Lowe's in your area.

Congratulations on your new home and moving :dance:

Loto

Edited January 25, 2011 by PatiencePaidOff

[Miami_Boy 9]

MB, I think that would be pretty good deal for you.

Labor, of course, will be cheaper in your case.

Compare the material cost between Home Depot and Lowe's in your area.

Congratulations on your new home and moving :dance:

Loto

Loto,

There is no work guarantee, so I am thinking to do only bathroom work first, see how they good are, then i will sign them for next job. What you think?