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Pick Your Payment Mortgage Program Think that you are stuck with the typical 30 year loan at the current going rates? Have you been told that there really isn't a lot of different choices? Get ready for some great news! Did you know that if you bought a home in 1997 and borrowed $100,000 at 8% interest, you could now move into a brand new, HUGE 4 bedroom home for the same monthly principle and interest payment or even less! The secret is having a mortgage agent who is willing to look into ways of funding loans that are not based upon the easy, everyday methods. At the time of this web page's construction, one of these special loans would give you a 1.95% loan rate. If you used your home's equity and put at least 10% down toward a brand new $200,000 home, your monthly payment would only be $838.00 with a shopping guide a.p.r. of 4.19%. If your equity has built up according to the original mortgage schedule, combined with the appreciation of your current home you would probably save you another $133.00 a month with 20% down instead of 10%. One of the other nice things about these type of loans is that you have control over the amount you put toward the principle. If you are having a very tight month financially, pay only the interest. If things are going well, you may want to put extra toward the principle, saving you a lot of money in interest. To get more information about these special loans, you can
either call Kim Schieldknecht of Clermont Financial at (513) 248-4976 or click
here to email him.
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In Ohio RE/MAX Elite, Realtors 726 Mohawk Trail, St. A Milford, OH 45150 (513) 826-1924Information presented is believed correct but cannot be guaranteed. Equal housing opportunity. Each RE/MAX office is independently owned and operated. Email Jim@CincyHomeSearch.com |
