1. Are you a first time buyer (meaning you have not owned a property in the past 3 years)?
2. Is your household income less than $117,000 (for 1-2 person households) or $136,500 (for 3+ person households, including children)
3. Are you considering a purchase of a single family home, townhome or condo with a sales price under $590,000 in Orange or Los Angeles County in the next year?
4. Do you like free money??
If you answered yes to the four questions above, then you qualify for an amazing, little known First-Time homebuyer program which entitles you to a 20% rebate on the interest on your mortgage.....
...EVERY YEAR FOR AS LONG AS YOU LIVE IN THE HOME!
"I'm not good with math...what does this mean for me??"
Let's say your loan amount is $550,000 and your interest rate is 4.25%. This means that you would pay about $23,375 in interest in your first year.
With this program, you would get an interest credit rebate of $4,675! That's over $385 a month in savings, just for meeting the above qualifications! And that's just in year 1! You get 20% of the interest you pay over the life of the mortgage for as long as you occupy the property as your primary residence without ever having to re-qualify (even if you exceed the income limit in the future!)
THAT'S NEARLY $84,808 IN INTEREST CREDIT SAVINGS OVER THE LIFE OF THE LOAN!
"What's the catch? There's always a catch, right?"
Of course, every program has the fine print. Contact us below to schedule a consultation with us and we can get you all of the details on qualifying and what this might mean for your specific situation.
"Who are you, anyway?"
We are The Soss Mortgage Team with Benchmark Mortgage in Newport Beach. Check out our website or feel free to check out our 117 (and counting) positive reviews on Yelp.
Better yet, click the button below and leave your information and we can discuss how we can help you with this amazing program.