The market is shifting beneath our feet, and this provides opportunity for some. Key Bank is taking advantage of financing gaps in the marketplace by offering aggressive mortgage programs.
We occasionally share good loan programs with our valued clients, and Key Community Mortgage is one of those programs. In qualified areas, Key is now offering 0%, 3% and 5% down payment options, no private mortgage insurance (PMI), flexible credit decisions, and the option of using seller assistance or a down payment assistance program.
To put this in more concrete terms, you can buy a two bedroom, one and a half bath Clinton Court townhome in a great location in Ohio City, and pay only $927/month. (This payment is based on a sales price of $159,900, down payment of 5%, 30 year fixed rate at 5.875%, APR at 6.020%, monthly homeowners insurance, and 100% tax abatement on improved value).
In most cases, such a payment would be less than the cost of renting an equivalent new home - and with this, the benefits of homeownership are within your grasp.
For more information about Key Community Mortgage and other loan products, please contact us.
Wednesday, February 4, 2009
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