A Great LOAN for 1st Time Homebuyers in 2020....
Confidential/ Complimentary/ Consultation REAL ESTATE ADVICE AVAILABLE
JUMBO RATE REDUCER OPTION is not available with all lenders, so find a bank which offers it. This is an opportunity to help buyers purchase a home with lower interest rates in the future. The benefits include:
- Low down payment - you can pay as little down as 10.01% - 14.99% (a loan to value ratio of 85.01% - 89.99%)
- Lower rate - you can reduce your interest rate by .25% when you make a principal payment that lowers your loan to income value to 80% or below (within 180 days of your loan closing)
- Lower your payment - your interest rate is reduced and your mortgage rate is recalculated on your monthly payment based on the reduced principal balance and reduced interest rate - without refinancing.
- No mortgage insurance is required - with this low down payment (versus a standard 20% down payment requirement).