Ellenton FL

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Ellenton Mortgages

Ellenton Florida Mortgage Loans and ARM

Most adjustable rate loans (ARMs) in Ellenton Florida have a low introductory rate or start rate, some times as much as 5.0% below the current market rate of a fixed loan. This start rate is usually good from 1 month to as long as 10 years. As a rule the lower the start loan rate the shorter the time before the mortgage loan makes its first adjustment. Check your rates before you purchase your Ellenton Florida real estate, know what you can afford and what mortgage loans you qualify for.

Ellenton Florida Mortgage Loan Caps

Some Ellenton Florida mortgage loans have payment caps instead of interest rate caps. These real estate loans reduce payment shock in a rising interest rate market, but can also lead to deferred interest or "negative amortization". These loans generally cap your annual payment increases to 7.3 percent of the previous payment. You can now save hundreds on your Ellenton Florida real estate mortgage loans.

Ellenton Florida Real Estate and Mortgages

Below is a few recent Ellenton real estate purchases

$600,000.00 Single Family Home in Ellenton
2 Bedroom, 2½ Bathroom, Approx. 1500 Sq.Ft.
$249,900.00 Single Family Home in Ellenton
3 Bedroom, 2 Bathroom, Approx. 2187 Sq.Ft.
$247,900.00 Single Family Home in Ellenton
3 Bedroom, 2 Bathroom, Approx. 2000 Sq.Ft.

The right type of Ellenton Florida mortgage for you depends on many different factors: your current financial picture, how you expect your finances to change and how long you intend to keep your real estate purchase.

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