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Nicole Machado

"Handing you the Keys to your Future"
Experience:
Realtor for Prudential California Realty May 2004—present
Full Service, Full Time Realtor. I believe in building lifelong business relationships…
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Specialties:
First Time Home Buyer
Home Selling
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Certifications
& Awards:
E-Certified; Relocation Specialist; Presidents Circle
About:
I am in the leading crop of innovative, cutting edge real estate agents in the San Francisco Bay Area. Combining my enthusiasm and passion for buying and ... show more
Testimonials:
"I was a first-time buyer with limited knowledge of real estate looking for a serious bargain in San Francisco. Nicole saw me coming and took me from point ... show more

Question removed

Nicole Machado answered:
I agree that you should definitely speak to a direct lender or mortgage broker for an accurate estimate of a monthly mortgage payment. He/she will be able to factor in your credit score to determine what interest rate you can get. A rough estimate based off of the info you provided is as follows:
Conventional Loan with 20% down would equal about $2341.00 per month with an interest rate of 5.375%. This estimated monthly payment includes your property taxes and insurance. The rate can vary depending on your credit score, which I why I estimated with a higher interest rate then the current interest rate on a conforming loan.
As I said previously you should check with a qualified direct lender or mortgage broker as he/she will be able to give you a more accurate number. Good luck!!! - Thu Nov 12 2009, 17:59

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