GULF COVE – a community that provides quiet, private spaces yet is close to all the amenities you would want. Nearby you’ll find - shopping malls with big box stores, several hospitals and medical facilities, a vast array of eateries and the Charlotte Sports Stadium to name a few – but when you want to get away – the crystalline beaches of the Gulf of Mexico are a short drive from your home. This residential area has new/newer homes as well as a brand new home being build across the street. There are no HOA fees but there is the Gulf Cove Property Association - a voluntary organization where members pay a nominal annual fee and have the exclusive use of a waterfront park and boat ramp into the Myakka River. Really need to get away – nearby Interstate 75 and 4 airports (including Punta Gorda’s own airport) are yours to fly you anywhere you want to go. This is a little-known slice of paradise poised for future growth – just waiting for you. And now with a major price adjustment, this makes the land very attractive.
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Our Executive Mortgage Banker:
Our Insurance Division:
$25,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $20,000 | $20,000 | $20,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $133 | $131 | $169 |
Total Monthly Payment | $208 | $206 | $244 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.