EXPERIENCE MATTERS

CASH BACK MORTGAGES


 

CASH BACK MORTGAGES

TAKE ADVANTAGE OF THIS OPPORTUNITY

 

I am working with several lenders who provide cash back mortgages for first time buyers subject to approved credit. 

 

THE EXAMPLE BELOW IS PROVIDED BY ONE MAJOR LENDER.....NEED MORE INFO??  PLEASE CONTACT ME TODAY

 

The amount of money you receive is based on the size and term of your mortgage-up to 7% of its value up to a maximum of $20,000. For illustration purposes, the following chart shows how much you can get based on different cash back levels:

How Much Cash Can You Get?
On a Mortgage of 4% Cash Back 5% Cash Back 7% Cash Back
$100,000 $4,000 $5,000 $7,000
$200,000 $8,000 $10,000 $14,000
$400,000 $16,000 $20,000 $20,000

 

Take advantage of this fabulous opportunity to get upto 100% financing for your new home purchase!!!


HOW MUCH CAN YOU AFFORD? IMPORTANT QUESTION.


 


OUR CALCULATOR WILL HELP YOU DETERMINE LOAN AMOUNTS , MORTGAGE QUALIFICATIONS, AFFORDABILITY OR WHETHER YOU SHOULD BE RENTING OR BUYING.

BUT YOU ARE WELCOME TO CALL ME TO TAKE YOU THROUGH MANY OTHER HOMEOWNERSHIP COSTS NOT LISTED HERE! ITS YOUR RIGHT TO KNOW ABOUT THESE AND OTHER COSTS.

FIRST TIME HOME BUYERS NEED SPECIAL CARE...LET ME TAKE YOU THROUGH THE JOURNEY!! USE MY KNOWLEDGE AND EXPERIENCE!

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

OTHER COSTS TO CONSIDER WOULD INCLUDE:

PROPERTY TAXES

UTILITIES

HOME INSURANCE

REGULAR MAINTENANCE AND REPAIRS

ETC

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %