If you’re like most buyers, your Coconut Grove home investment will be the most expensive purchase you’ll ever make, and you’ll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. From an FHA loan with only 3% down to a conventional “fixed rate” loan, were here to assist you with any mortgage help you made need!! Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs. There are two calculators below you can use to assist you with any mortgage questions you may have. The “Affordability Calculator” will quickly help you figure out what you may qualify for. The “Mortgage Calculator” will help you determine the precise mortgage payment for a particular property. Please remember that if your looking to purchase a condo or townhome, most banks will require no less then 20% down in order to qualify. You will also need to factor in any maintenance fee’s or “dues” that the building or association may require on a monthly basis. Please call if you have any questions or need clarification on anything stated above.
Please fill in some basic info about your income, debt, etc to determine what you may qualify for:
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|Monthly Debt Expenses [?]
Monthly Debt and Obligations Should Include:
Now that you have determined what you may qualify for, please utilize the mortgage calculator below to determine a precise mortgage payment for a particular property.
Did you know that your mortgage payment only fluctuates from $45.00 to $55.00 up or down per every $10,000 you finance??
Image above is courtesy of Stuart Miles/FreeDigitalPhotos.net”.