RESIDENTIAL MORTGAGE RATES EFFECTIVE: September 17, 2007
| RESIDENTIAL MORTGAGE RATES EFFECTIVE: September 17, 2007
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| Prime Rate = 6. 25 %
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Now you can purchase a rental property with as little as 10% down payment!
This program is designed for individuals wishing to diversify their investment portfolio and include a rental property into the mix – but don’t have the normal 25% down payment requirement.
- Up to 90% financing - Down payment must come from client’s own resources - Lender will use a 80% rental offset to help qualify client - Up to 40-year amortization available - Clean credit required (with a minimum beacon score requirement) - Discounted interest rates - High-ratio premiums will be added to the loan amount and are based on the % of financing and length of amortization chosen.
OAC – for more information about this exciting product, please give us a call or send us a quick email via karen@gibbardgroup.com
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