Fractional Ownership. ATTENTION, BEATUIFUL PROPERTY. In Polk County, Florida, amidst an undeveloped neighborhood, several vacant lots a glimpse into both potential and natural beauty. These lots, each spanning about an acre, are scattered within a planned community that boasts the amenities of a golf club and pickleball courts, yet remains largely untouched by development. The lots are a blend of flat, grassy areas and gently rolling terrain, punctuated by clusters of native Florida vegetation. Tall palmettos and young oak trees provide a canopy of green, casting dappled shadows on the ground below. Wildflowers, including bright yellow coreopsis and purple phlox, add splashes of color to the landscape, attracting butterflies and bees. Boundaries of the lots are marked by simple wooden posts, some adorned with creeping vines. Paths created by the passage of small animals meander through the overgrowth, hinting at the hidden life within. The soil, a sandy loam typical of Central Florida, supports a variety of grasses and low shrubs, resilient to the local climate. In the distance, the manicured greens of the golf course can be seen, a stark contrast to the wild beauty of the vacant lots. The sounds of golfers teeing off and the rhythmic bounce of pickleballs on nearby courts create a backdrop of leisure and community, emphasizing the neighborhood's potential. Despite their undeveloped state, these lots are rich with opportunity. The nearby amenities ensure that future development will blend recreation with residential living, promising a balanced lifestyle. Until then, the vacant lots stand as peaceful, natural enclaves, inviting the imagination of potential homeowners and developers alike.
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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 | $18,400 | $18,400 | $18,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $121 | $122 | $155 |
Total Monthly Payment | $196 | $197 | $230 |
* 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.