As a volunteer at Homearama at the Palisades in southwest Charlotte NC, the first question in
my mind was how much will this baby cost??
I volunteered yesterday at Homearama, and I helped greet and guide people
in house #1 built by Persis-Nova Construction. William Roseberry, a
fellow loan officer here at Myers Park Mortgage, gave me the tour and then I
was off to show people around myself.
The first thought in my head was,
“What would it cost to buy this place!?!?”
Here is the math:
House fully furnished: $4,200,000
Loan for
60%:
$2,520,000
Down Payment:$1,680,000
(chump change right!?!)
Interest
Rate: 5.625%
(not bad, I know)
Monthly Payment: $14,507
In this day and age, with media pundits declaring the sky is falling every ten
minutes, I thought those were some pretty great terms for such a luxurious
house! The scenario above is a 5/1 ARM program and is not a quote.
Terms and conditions apply. This was only meant to serve as an example
of financing available on this size property.
If you haven’t had the opportunity to see the great homes at Homearama 2008, I
encourage you to go! We had a lot of fun, and they did a great job on
the homes this year. Each property is very unique and would appeal to a
different tastes. I loved the curb appeal of house #3, and the interior
of house #1 was undescribable! House #2 was a much more open and
contemporary style, which is not my style. I did love the guest house
for #2. It set that property apart… especially for folks with in-law.
We DO have money to lend for a home in Charlotte NC! We do offer
FHA and VA- as well as very competitive terms on Jumbo mortgages, Myers
park is the #1 Lender in Charlotte NC (no offense BOA!)
——————————————————–
Looking to sell your Charlotte Home? Buy a home? Or would you just
like more information? Most of the Home sold information is
reight here, but Homes for Sale you’ll find at CharlotteCommunities- our site for relocating folks. Or you may be looking for that easy to use, map based Charlotte Home Search? others may need a good Introduction to Charlotte, watch this well regarded video by Terry Mcdonald, #1 on the You Tube Charts for Charlotte, NC.
As always, you may call us direct at 704-351-1519.
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