INVESTOR SPECIAL! UNFINISHED PROJECT! SELLER’S LOSS YOUR GAIN! This beautiful waterfront property already has a well and septic, although not yet hooked to the mobile. Home still needs to be connected to electric. There are newer kitchen cabinets and granite to be put in. Both bathrooms have been more recently updated. Owner has survey, wetlands survey, elevation certificate. There is a covered dock on the back of the property. Boat ramp is a very short distance from the property. DO NOT ACCESS THE PROPERTY WITHOUT PERMISSION. Listing agent has several videos of the inside of the home. CASH OR HARD MONEY LOAN, POSSIBLE OWNER FINANCING WITH HALF DOWN.
There is an open permit due to the mobile being moved to the property. The skirting and other things need to be done to the property before the permit can be closed out. New owner will take on responsibility of the open permit. Owner will provide help if needed. Listing agent has videos of the inside of the home.
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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 | $100,000 | $100,000 | $100,000 |
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 | $25 | $25 | $25 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $665 | $657 | $843 |
Total Monthly Payment | $765 | $757 | $943 |
* 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.