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Property Tax Help for Buyers and Sellers

Tax Advantage from MFB Bank:

Tax AdvantageThe Program-

 MFB’s Tax Advantage loan will help qualify a buyer for a home that currently does not have exemptions.   See the comparison below NOTE: There are many other mortgage choices available 

 

Sale Price        $65,000
Loan Amount   $61,750   6.50%  fixed rate 

The buyer makes a voluntary contribution to the escrow account. In most cases the pro-ration of taxes covers the escrow deposit, so there is little or no additional out of pocket expense to the buyer.  

  • Must be Owner Occupied
  • No Seller Contributions
  • No Additional Closing Costs 
  • Standard Market Rates
  • Not Restricted to 1st time Home Buyers
  •  Fixed or Adjustable Rate products 

The Numbers-

Sample Propery: 123 Main Street

*Based on purchase price of $65,000 with 5% down payment   APR 7.34                               

** Rates subject to change

Information provided by Gary Signorino at MFB Bank (574) 273-7679

This entry was posted on 18. March 2008 at 04:00 and is filed under Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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