Why Rent When You Can Own … For Possibly the Same Cost!

October 11, 2017 2:47 pm Published by

With several loan programs and loan options available, our Preferred Lender, Guaranteed Rate Inc., can help find the right monthly payment for qualified borrowers. Below is an example based on this townhome’s sale price:

Example   5/1 ARM
Sales Price $399,900
Down Payment $19,995
Loan Amount $379,905
Interest Rate 3.375%
Estimated Monthly Payment $1,403
Estimated Taxes $522
Estimated Condo Fee $375
Estimated Mortgage Insurance $117
Estimated Total Monthly Payment: $2,417

 

Why purchase a new home at Montage at Brookview?

 

 

If you’ve been renting for a few years, now might be a good time to consider the many benefits of home ownership, such as:

  1. Potential tax benefits
  2. Lower interest rates
  3. Build equity over time
  4. Interior decoration and renovation without landlord approval

 

Check out our website at:  MontageAtBrookview.com

Mike Suffoletto or Allyson Kreycik

Senior Vice Presidents

617-383-7283 and 781-439-9176

301 Edgewater Place 310

Wakefield, MA  01880

msuffoletto@rate.com

allyson@rate.com

NMLS 484108 and 484103

https://guaranteedrate.com

 

Guaranteed Rate and the above mentioned real estate professional builder are not affiliated; each is independently responsible for the products and services it offers.  Guaranteed Rate assumes no responsibility and makes no representation as to the availability or accuracy of the properties or areas described above.

 

  1. Estimated monthly payments based on both principal & interest and interest only payments available during the fixed period. ARM rates are subject to increase after the three, five or ten-year fixed period of the 30 year loan. The loan will then be fully amortized over the remaining term as an adjustable-rate mortgage that adjusts once a year. Any rate increases will make monthly payments higher after the fixed period. APR assumes no change in the index following the fixed period. Rates are based on current market rates as of 08/07/2017 and are subject to increase without notice. Rates and APRs are for informational purposes only and may vary depending on loan details such as points, loan amount, loan to- value, borrower’s credit, potential builder contribution, property type, and occupancy. Rates assume that an escrow account is set up for payment of property taxes, hazard insurance, and mortgage insurance if applicable. Adjustable Rate loan programs may require further information; ask for details.

Equal Housing Lender. ©2009 Guaranteed Rate Inc. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. 051130B_CR (01/08)

 

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