All CASH AND WELL QUALIFIED BUYER NEEDED. . . BOAR APPROVAL REQUIRED. . . FULLY READ THE DESCRIPTION BEFORE INQUIRING/EMAILS PREFERRED: ONE OF A KIND BROKERS: The opportunity to own a large 1 bedroom coop on the top floor of a pre-war elevator building in the section of Allerton WITH A $80, 000 CONCESSION AT CLOSING AS THE CONTRACT HAS TO BE AT $140, 000 as well as proof of funds and approval process & Documents. The building has a laundry facility & storage units available for rent, conveniently located to shops, transportation ( #2 & #5 train in Allerton station as well as express bx#11 & bx #26 ), and much more. All utilities ( electric, heat, gas, and hot water) are included. no subleasing is allowed, and it has to be owner-occupied. ALL CASH only according to the by-laws. pets are allowed under 50 pounds. The $60K CONCESSION WILL BE BASED ON THE SALE OF $140k, WHICH MAKES THE SALE AROUND $60k ONLY. This move-in ready unit only needs you. Come and view it before it's too late. Board approval is required. ti under 25%. *OFFERS TO BE SUBMITTED WITH A FILLED APPLICATION ONLY, FINANCIAL CONFIRMING THE DTI IS LOWER THAN 25%, PROOF OF FUNDS ( ALL CASH ), AND THE CLIENT HAS COMPLETE KNOWLEDGE OF THE COOP FINANCIAL SITUATION. A MINIMUM OF 2 YEARS OF RESERVES PREFERRED AFTER CLOSING.
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Our Executive Mortgage Banker:
Our Insurance Division:
$140,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $112,000 | $112,000 | $112,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $745 | $745 | $953 |
Total Monthly Payment | $820 | $820 | $1,028 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.