OWNER WILL FINANCE!!! 1, 000 DOWN 243. 93 PER MONTH FOR 36 MONTHS AT 7% INTEREST. Nice wooded lot just under a 1/4 acre, located in the Sun N Lakes community of Lake Placid. Lot is only a 9-minute walk to access Grassy Lake! This lot has homes nearby in the community of Sun N Lake Estates, Enjoy living in paradise year round and make Lake Placid your next destination where nature and lakes abound. As a property owner, you will have access to their community center. You can launch your boat, cook a BBQ and spend time with your family and friends. Or, just relax and enjoy the water views. This property is centrally located and close to major roads that lead you in every direction to popular destinations like Orlando, Miami, Tampa, Ft. Myers and West Palm Beach to name a few.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $7,120 | $7,120 | $7,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $49 | $47 | $61 |
Total Monthly Payment | $124 | $122 | $136 |
* 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.