|
1-888-LESS TWO |
|
Traditions mortgage—port saint lucie mortgage—port saint lucie mortgages |
|
Special 2% Lower than Market Financing |
|
We are direct endorsed lenders with FNMA and we therefore have the ability to underwrite these programs ourselves. Many other mortgage companies do not have knowledge or access to these products. In every case, you will have to meet the guidelines for the particular program in order to qualify. The advantages of this Strategic Financing program is listed below: |
|
To contact us: |
|
772-344-8200 1-888-537-7896 1-888-LESS TWO |
|
Strategic Financing offers the buyer the opportunity to purchase a home with a fixed rate that starts a full 2% under the prevailing fixed rate. That rate and payment lasts for the first year. On the second year of the loan, the rate rises 1% closer to the final fixed rate and the payment also increases to match the new rate. On the third through thirtieth year, the rate is at the normal full fixed rate and stays fixed throughout the term of the loan. The full fixed rate is based upon today’s fixed rates. In other words—you do not wait until year three to figure out what your final rate may be. You lock it in at today’s rates and will have peace of mind. |
|
Example: Standard 30 Year payment on a $300,000 loan at 6.375% = $1,871.61
Rate 2% Lower First Year (payments) $1,497.86 Rate 1% Lower Second Year (payments) $1,679.91 Full Rate Fixed Years 3 through 30 (payments) $1,871.61
The discounted payments and rates are made possible by a contribution from the seller paid at the closing. These funds are deposited from the seller into an escrow account at closing and will subsidize your payments during the first two years to make this possible.
In this example, the seller contributes the funds and you save $6,785.40 in mortgage payments in just your first two years alone. And all the while you have the assurance of a FIXED rate with no need to refinance because of a variable rate!
|
|
You need a knowledgeable Real Estate Agent to do this! Many agents DO NOT KNOW how to negotiate for you in order to get you this financing program.
Secondly, you need our mortgage company, as we have knowledge of the program and the authority to get you underwritten under the program guidelines.
If your Real Estate agent does not know this program, have them call me, or I can refer a qualified Real Estate agent that understands this program to you. |