Special offer

A Million Dollar Loan....No problem

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Mortgage and Lending with Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 NMLS ID# 158606

 

 Sure this house costs $3,500,000 dollars.  If you're relocating to Saint Charles, I can help you with an integrous realtor.  When working in these price ranges, note that there are a myriad of options.  Basically the ideal situation on a high end home like this would to have a maximum mortgage.  I've dealt wiht many whom have had the ability to pay for the home in cash.  But if the homebuyer can buy cash, it'd still be in the best interest to have a loan that maxes out at the hightest loan limit of say....80%.  By not buying this home with 3,500,000 $, the buyer can place that money in an investment account and, through compounding, a homebuyer would have enough money, through compounding, in 18 years to pay off the entire 30 year mortgage.  That money that is not put down, but rather borrowed, is something that can be put into a compounded investement. 

There are a myriad of options.  Call me and we can discuss what options exist.  Many celebrities buy and live out here.  It can just be a temporary through relocation as well.  Just give me a call. 

Call me for more information or for a realtor with integrity in the Fox Valley

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Comments (8)

Jason Vombaur
Keller Williams - Vancouver, WA
3,500,000 house I hope they have a real good job.  I could not even think about a payment on that home.  When you get to that point it may not be a big deal.
May 16, 2007 05:01 PM
Jason Vombaur
Keller Williams - Vancouver, WA
3,500,000 house I hope they have a real good job.  I could not even think about a payment on that home.  When you get to that point it may not be a big deal.
May 16, 2007 05:01 PM
Jonathan Vetter
Mercury Lending - San Francisco, CA
At least someone is thinking outside of the box.  Well done Larry.  Often times people just want to pay down their mortgage, but really is that doing anything?
May 16, 2007 05:26 PM
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
This is a different viewpoint which a buyer who has this kind of cash may want to consider as a part of a larger investment strategy.  Interesting thoughts...
May 17, 2007 01:09 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
Thanks Lola....I thought that this was interesting
May 17, 2007 09:27 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
Jason...they better have a darn good job....or lots of cash.
May 17, 2007 09:28 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
Thanks Jonathon....it is different....
May 17, 2007 09:29 AM
Randal Keberlein
Weichert Realtors, Precision - Kenosha, WI
Now that has got to be the Bettag crib!  Well done Larry!
May 18, 2007 05:24 PM