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Ep.2 Listen to the Professionals
Manage episode 405470838 series 3551888
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Ed and Shane discuss how anyone can be a homeowner regardless of the myths and misinformation out there.
Thanks for listening and enjoy the show!
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For more information and to apply for free
visit https://greentreeloan.com/ or http://www.moloneymortgage.com/
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Shane Marzullo
419-861-9008
Greentree Mortgage Services
7555 Airport Hwy, Suite A * Holland, OH 43528
NMLS 275577/133641, MI FR0018548
Ed Moloney
Equity Resources, Inc.
774-573-0329
465 E Falmouth Hwy, Ste B * East Falmouth, MA 02536
NMLS 1579/10321 MA Mortgage Lender & MA Mortgage Broker MC1579.
NH 23282-MB-BCH. RI 20153125LL B03
DBA Equity Resources of Ohio, Inc.
Certain restrictions apply, call for details.
*Compliance*
00:04:23:23 - Conventional loan with a 20% down payment. Loan Amount $280,000 with a 7% fixed interest rate/7.060% APR for 30 years = $1,862.85 monthly payment.**
00:05:12:01 - Conventional loan with a 3% down payment. Loan Amount $242,500 with a 7% fixed interest rate/7.331% APR for 30 years = $1,680.05 monthly payment. ** Conventional loan with a 5% down payment. Loan Amount $237,500 with a 6.5% fixed interest rate/6.767% APR for 30 years = $1,550.64 monthly payment.**
00:17:12:17 - Purchase Price $1,150,000 with a $425,000 down payment. Loan Amount $725,000.Fixed APR 7.427 for 30 years = $5,007.39 monthly payment* * Refinance: Loan Amount $725,000. Fixed APR 6.564% for 30 years = $4,582.49 monthly payment**
00:21:02:12 - Conventional loan with a 20% down payment. Loan Amount $200,000 with a 6.875% fixed interest rate/6.958% APR for 30 years = $1,313.86 monthly payment.** *Conventional loan with an 20% down payment. Loan Amount $200,000 with a 6.875% fixed interest rate/7.081% APR for 15 years = $1,783.71 monthly payment.**
**Disclaimer**
Payment is Principal &; Interest based on a 790 credit score. Does not include amounts for taxes and home insurance premiums. The actual payment obligation will be greater. Final approval subject to credit review. This is not a commitment to lend. Loan program example is for educational, illustrative purposes only.
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