This one needs a little sparkle. If you are handy or love to watch the rehab shows, this is your new home. Release your creativity and bring this home to a new glory, The good stuff is here, 3 year old roof, looks like a newer A/C, Electrical panel has been replaced. Seller is fixing an exposed wire in the electrical panel. The living room has a fireplace as the focal point – great to design the room around. Wood cabinets, leave them wood or paint them to add extra flair. Floors are tile, The basics are all here, it needs some love. Add your personality and you will have a wonderful house with YOUR décor! Here's the best part, we priced it right. Compare to other homes, We are priced tens of thousands cheaper. Why would you spend $20, 000 to $30, 000 more for a home with nicer paint and decorations. Plus pay 30 years of interest on that loan. Spend a few thousand to add the beauty and have instant equity and cheaper payments on this home. I almost forgot, this home has a 2 car 20x24 garage -- also a bonus in this price range.
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Our Executive Mortgage Banker:
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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 | $184,000 | $184,000 | $184,000 |
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 | $265 | $265 | $265 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,224 | $1,224 | $1,565 |
Total Monthly Payment | $1,564 | $1,564 | $1,905 |
* 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.