They may perform clerical and support activities for loan processing including communication to obtain the necessary information to process or underwrite a loan. They cannot and will not offer or negotiate loan rates, terms or provide counsel for interest rates or loan terms. The seller makes no representation or warranty as to the accuracy of the property description and/or property information or the buyer’s ability to use the property for their intended purpose. We further recommend that the buyer should always purchase a property survey and inquire with the appropriate authorities that the property they desire to purchase or lease can be used for their intended purpose.
We recommend that all buyers conduct their own research. This amount can vary depending on the loan type and terms.Īll square footage for property improvement area and/or land area that is displayed is approximate and is not guaranteed as accurate. *The monthly loan servicing fee of $30.00 will be charged for the life of the loan. All information presented on the website is deemed to be reliable however, it is not guaranteed to be accurate and is subject to change without notice including the sale prices. The $1,706.60 per month is based on an 11.99% interest rate on a 365-day year with an APR of 12.307%.Įstimated monthly payment includes principal and interest, a monthly loan servicing fee of $30.00*, and an estimated tax escrow payment, but it does not include the property insurance escrow payment. The insurance premium for the subsequent years is collected in the monthly payment and held in escrow.ĮXAMPLE: Sales Price: $129,999.00 with a down payment of $7,500.00 has a total monthly payment of $1,706.60 based on a 30-year loan. The actual monthly payment amount is determined once the buyer provides the prepaid insurance. The buyer is responsible to pay the first year insurance premium prior to the property closing and provide proof of payment 5 days before the closing. Prior to closing, the monthly payment presented to buyers is an estimated monthly payment. Monthly payments include escrow amounts for property taxes. To qualify to buy one of our residential properties, you must provide us with evidence of 12 consecutive months of rental payments and evidence that your monthly debt, including the monthly payment of the home, isn't more than 43% of your pretax income. Disclaimer: Most residential loans are pre-approved in one day with possession after closing in as little as 10 days! There is no credit score required or application fee.
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