Good News for Teachers! - 02/15/11 03:20 PM
Whether you are dreaming of buying a new home, lowering your existing payments, or taking cash out, the CalSTRS Home Loan Program can help by offering competitive rates on mortgage loan programs.
Conventional 15 and 30 year fixed rate programs are available, up to $834,000 with as little as 5% down.
There is a 80/17 program, where the teacher can put 3% down with a 80% first mortgage and a deferred 17%second mortgage that has no payments due for 5 years! Mortgage loan amounts are available up to $650,000.
Who is Eligible?  If you are a member of CalSTRS, you are eligible … (1 comments)

 
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Ray Avanzino

San Mateo, CA

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Prospect Mortgage

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