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Discussion Forums: I-485
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Topic: Is it good time to buy a home?
Posted by armani (111) 29 Sep 2008
Opinions..
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Posted by ChiWhiteSox (469) 29 Sep 2008
its good but getting loan is not easy. they will ask you to have a down payment of atleast 15 percent. Also there is a tax break of $7500 on your Fed tax if u buy ur house before April of next year( just check this date).
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Posted by armani (111) 29 Sep 2008
Are we eligible for the tax break of $7500 who have't got their GC's yet
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Posted by kermit (2125) 29 Sep 2008
too late for that wait till the dust settles down to get a clear picture of the crisis. you will see the actual hikes in fees and points structure
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Posted by kermit (2125) 29 Sep 2008
if you are going to join the same employer then no need of H1 stamping you can come and go on AP. make sure the transit country does not require you to take a transit visa
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Posted by barathysenthil (59) 29 Sep 2008
Thank u
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Posted by vdhananjay (386) 29 Sep 2008
if you are able to pay 20% of the homecost then it sure is....
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Posted by Blessed1 (384) 29 Sep 2008
20% down payment rule is to avoid mortgage insurance. If you could find a good lender( big problem now) with decent Mortgage rate , Go for it. Real eastate is still cheap. I dont see a big reason to wait if one has a decent job outside financial sector...
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Posted by franticsky (880) 29 Sep 2008
My take onse should not go into a financial commitment without securing immigration , and with the markets so volatile with people losing jobs every day , one should not get into risky financial dealings
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