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  InterestFirstSM Mortgage

If you're looking to leverage your mortgage to expand purchasing power, this mortgage offers the benefit of a low, fixed-rate monthly payment.

Advantages:

-- For the first 15 years, monthly payments are lower than a comparable 30-year fixed-rate loan.
-- Gain control of your cash flow.
-- Ideal if you plan to stay in your home no more than 15 years and want the lowest monthly payment for that period.
-- Flexible cash flow for college costs, home improvements, IRA contributions, consumer debt reduction, or optional principal payments.

Details:

-- For the first 15 years, you pay only the interest due every month.
-- Any prepayments will reduce your principal balance and reduce future monthly payments.
-- Prepayment of principal may be made without penalty.
-- Payment adjusts at the start of year 16 to cover all interest and principal due on the loan for the remaining 15 years.
-- Monthly payment is fixed during years 16 through 30.

 

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Savannah Multi-List Service is a large Internet real estate site with thousands of homes for sale and rent with photos and descriptions. All listings on www.neighborhoodrlty.com are pulled directly from the Savannah Multi-List Service. Any mortgage information supplied on www.neighborhoodrlty.com is subject to credit approval. Mortgage rates are not guaranteed and use of any particular lender is not required. For certain bonuses and promotions specific lenders and/or closing attorneys may be required; all interested parties should verify this information before submitting an offer on any property. For all new construction listings, the builder may at any time, and without prior notice or explanation, exercise creative construction and/or variance. All prices are subject to change. Status of properties not guaranteed. Please check status prior to submitting offer. All information provided on www.neighborhoodrlty.com is deemed reliable but is not guaranteed and should be independently verified. Neighborhood Realty is not responsible for or liable for misinformation, typographical errors, misprints, or other errors. Neighborhood Realty does not discriminate based on race or color, national origin, religion, sex, familial status or handicap.


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