Spence & Theresa Reese
Harbourtowne RE/Daniel Island
by now you know all about your options. Have you picked a new construction home yet? The builders' fiscal years are ending, and many are offering last minute buyer incentives to move product. Do you know what they are?
1. Get a loan with Lender Paid Mortgage Insurance that will cover the 10%. This is built into the fixed rate for the mortgage you would get. It typically means that your interest rate would be .125 to .25 higher than a rate given if you had put 20% down.
2. You can get Private Mortgage Insurance. This means you would have an additional payment of several hundred $$$ each month that would cover this added mortgage insurance premium.
3. You can do an 80/10/10 loan. This means you could close your loan simultaneously with a 2nd mortgage that covers the 10% needed. Therefore you Combined Loan to Value would be 90% but you wouldnt have to come out of pocket for he 10%
This is no commitment to lender and all terms are subject to underwriting review of income, assets, credit score and credit worthiness.
Please contact me if you would like more information on our mortgage products or a free prequalification letter to accompany your offer to purchase.
Senior Mortgage Loan Officer
Ikon Financial Group
501 Bramson Court
Mt. Pleasant, SC 29464
I am a member of The Charleston Top Producers and have many years of experience. You can trust a name like Better Homes and Gardens Real Estate. Please let me help you find the best loan. Call me at (843) 460-0319 - firstname.lastname@example.org.
843-216-3535. If you need homes in your criteria sent to you, I will be more than happy to provide those for you,just email me with your request.
Spence & Theresa Reese
Harbourtowne RE/ Daniel Island SC
Many times builders will offer to pay your closing costs and some prepaid expenses if you use their lenders and attorneys so you may want to start there. If you can afford the payments on a 15 year term you will save a lot of money - interest rates are in the 2% range. Loans over $417,000 will be considered a jumbo loan and they have higher rates than conventional loans.
I have expertise in construction, financing and Real Estate. I will work for you at no cost to you - I get paid by the seller at closing. Please send me your contact information to email@example.com - (843) 277-1520. My company is developing Scott's Creek and Watermark in Mt. Pleasant. Great locations with Pulte and Saussy Burbank as the builders.
Please contact me at the information below and I can put you in touch with a lender that we use on a regular basis that can give you many options.
Scott Fulton, Realtor
Agent Owned Realty
824 Johnnie Dodds Blvd
Mt Pleasant SC 29464
(843) 324-8845 cell
(843) 884-7300 office
(843) 725-6512 fax