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(The first mortgage recorded under the acquisition group’s name. A previous version said the building could be delivered vacant, per broker Wendy Maitland.).
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CONVENTIONAL. With good credit and as little as a 1% down payment, conventional loans provides ample flexibility and savings opportunity over the life of the loan. Lower costs by eliminating upfront as well as monthly mortgage insurance requirements. Generally, the shorter the repayment period, the more competitive the interest rate.
Mortgage brokers, savings and loan associations. Barnett advertised such loans at 10.5 percent and 1.75 points. Amerifirst Mortgage in Maitland quoted 10.25 with 2.5 points. (A point is prepaid.
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