In-House Financing – This is one of Several Options we Offer:
30% Down Payment – 15 Year Variable Term
- Down payment- 30%
- Loan term - 15 years
- 3 Years Fixed 8.25% / 12 Years Variable (LIBOR +6.0%)
- Unit type- All 2 and 3 bedroom Units
- Loan type- NO qualifying
- *ZERO Points or fees
- Prepayment Penalty-NONE
- Monthly LIBOR rate – Wall Street Journal*
- Effective - June 1, 2011- Dec 31, 2011
Monthly Payments-Example
2 Bedroom- #703 Price $429,000-Loan Amount $300,300
Payment Years (1-3) -$2,913.33 Fixed-8.25%
Examples Payments Year 4-15
Payment Years( 4-15) -$2,954.57 (LIBOR 10 yr. Average 2.53% + 6.0%)
Payment Years( 4-15) -$2,983.58 (LIBOR 6 yr. Average 2.74% + 6.0%)
Payment Years( 4-15) -$2,777.61 (LIBOR 3 yr. Average 1.10% + 6.0%)
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