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- Jan 6, 2013
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From an e-mail solicitation an agent friend received...
Extra-Extra, Read All About This... Exciting News!
The 40-year mortgage is back
Are your clients struggling to get into the housing market?
Can’t get their dream home because the monthly payment is just a little out of their reach for the short term?
Now they have an option to afford the home they want and have a lower monthly payment!!!
Purchase or Refinance
10 years of interest only payments
Year 11, it converts to principle and interest
Rate is determined upfront
Minimum FICO 600
Minimum Down payment 10%
Self-employed...Don’t show enough income on taxes? It's ok too!!!
More Info Please!
According to National Association of Realtors (NAR)
The average length of time people stay in their home, is 10 yrs.
Why not try and save during that time?
Shades of 2006...
Extra-Extra, Read All About This... Exciting News!
The 40-year mortgage is back
Are your clients struggling to get into the housing market?
Can’t get their dream home because the monthly payment is just a little out of their reach for the short term?
Now they have an option to afford the home they want and have a lower monthly payment!!!
Purchase or Refinance
10 years of interest only payments
Year 11, it converts to principle and interest
Rate is determined upfront
Minimum FICO 600
Minimum Down payment 10%
Self-employed...Don’t show enough income on taxes? It's ok too!!!
More Info Please!
According to National Association of Realtors (NAR)
The average length of time people stay in their home, is 10 yrs.
Why not try and save during that time?
Shades of 2006...