Special Financing Offer

Special Financing Offer with Popular Mortgage

For clients that submit financing before 5/15/11 and close the unit before 6/30/11.

  • For the purchase of first and second homes.
  • LTV maximum of 100% for the first & second homes up to $1MM.
  • LTV maximum of 95% for the first & second homes up to $2MM.
  • LTV maximum of 90% for the first & second homes above $2MM.
  • Up to 40 years loans.

2.99% interest first 5 years – 5.875% the remaining 35 years

*Subject to terms, conditions & restrictions established by the bank for the product.

SAMPLE OF BENEFITS OF THE HOUSING PROGRAM (LAW 132) STIMULUS & FINANCING OFFER ANALYSIS

VERANDAS – 2BR/3B unit Second Floor – Price: $745,600

Sample of Stimulus Benefits: Las Verandas – 2BR/3B Villa #10287 – $745,600

Stamps & Vouchers $8,201.60
CRIM – Property Taxes – 5 years $12,489.90
Estimated Savings: $20,690.88

Sample – Las Verandas Villas – 2BR/3B Villa #10287 – $745,600

100% Financing – 40 Years Loan*

2.99% First 5 years $2,664.84 monthly (P&I)
5.875% Remaining 35 years $3,895.88 monthly (P&I)

Estimated Savings in principal & interests for the first five years period for the simple above simple = $73,862.40