arizona vacation homes: Arizona vacation homes with 10% down
- 12/14/12 03:26 AM
With interest rates so low many of my clients are wanting to keep their money in the bank to grow. I often will show my clients a 10% down option on their Arizona vacation home. This product does have mortgage insurance since the 20% down is not met. You will see on the chart below on a $100,000 mortgage the monthly fee is $52.50 but if you do the one-time fee of $2,330 there will be no monthly fee. If the client keeps the home for 5 years this is a savings of $820.
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