100% Financing
Turn your rent payment into a mortgage payment today with a 0 down mortgage.
Highlights
- 100% financing on purchases (no down payment required)
- Best discounted rates now available
- Extended amortization periods (up to 40 years)
Requirements
- Good credit
- Stable employment
- Enough funds to cover closing costs
Benefits
- Pay yourself instead of your landlord
- Lower your monthly payments with extended amortization periods
- Homes that were previously unattainable are now affordable
100% financing makes home ownership more affordable than ever before…
Under the former 'A' grade 100% mortgage, your interest rate would have been 6.7%. Today, using the new 100% Financing program, your interest would be 5.09%. Note how the change in interest rate significantly reduces your monthly payments.
*Interest rates as of April 2007. Please contact us for current rates. Certain conditions apply.
Home
Purchase
Price |
Monthly
Payment
(old 100% mortgage) |
Monthly
Payment
(new 100% mortgage) |
Monthly
Savings |
Income
Required
(new 100% mortgage) |
| $150,000 |
$1000 |
$752 |
$248 |
$33,371 |
| $160,000 |
$1067 |
$803 |
$264 |
$35,596 |
| $170,000 |
$1133 |
$853 |
$280 |
$37,821 |
| $180,000 |
$1200 |
$903 |
$297 |
$40,046 |
| $190,000 |
$1267 |
$953 |
$314 |
$42,270 |
| $200,000 |
$1333 |
$1003 |
$330 |
$44,495 |
| $210,000 |
$1400 |
$1053 |
$347 |
$46,720 |
| $220,000 |
$1467 |
$1104 |
$363 |
$48,945 |
| $230,000 |
$1533 |
$1154 |
$379 |
$51,169 |
| $240,000 |
$1600 |
$1204 |
$396 |
$53,394 |
| $250,000 |
$1667 |
$1254 |
$413 |
$55,619 |
Contact a Mortgage Professional today for full details.
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