One or more photo(s) has been virtually staged. This Beautiful Magnolia Villa built 2023 - in the gated community of Lorraine Lakes. It will be ready for occupancy second week of Dec. Unfurnished, 3 bedroom, 2 bathrooms and 2 car garage. Screened-in and covered lanai. Pets are welcome here and can enjoy the FENCED backyard. Rent includes cable, internet, maintenance of grounds and access to all resort style community amenities: resort-style heated pools, heated spa, pool-side bar and grill, sauna, lap pool, splash pad, playground, indoor and outdoor basketball courts/volleyball courts, tennis, bocce ball, pickle ball, putting green, arcade, coffee lounge, fitness and aerobics facilities, a playroom, a social room, a second restaurant and bar, 24 hour gate-guards and within a short distance there are several resort-style Golf Courses. All this within minutes to UTC mall, restaurants, gyms, salons, entertainment, downtown, airport, sport fields and the top-rated beaches in the country. Top-rated schools!. It will be managed by landlord directly. *
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,000
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 | $2,400 | $2,400 | $2,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $16 | $16 | $20 |
Total Monthly Payment | $91 | $91 | $95 |
* 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.