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You will love this 2-bedroom, 2-bath residence in The Laurels at Margate, one of Broward’s most well-kept and affordable all-ages communities. This beautiful unit features a brand-new kitchen with white quartz countertops and stainless steel appliances, creating a fresh, modern feel. A full-size washer and dryer in the unit adds everyday convenience. The community has a new roof approved and paid in full, with newly paved parking lots coming soon, offering long-term value and peace of mind. The association maintains full reserves and insurance in compliance with lender requirements. The HOA includes cable, water, trash, roof maintenance, and on-site property management—a major plus.
The Laurels is known for its lush landscaping and peaceful atmosphere, ideal for walking and outdoor enjoyment. Amenities include barbecue areas, tennis, soccer and basketball courts, a fitness center, a clubhouse with billiards, and a heated pool for year-round use.
Conveniently located with Walmart and other big name shops across the street, plus banks, restaurants, schools, medical clinics, and pharmacies within walking distance.
Association requirements include minimum credit score of 650+, DTI under 40%, three months of maintenance in escrow upon approval. Eligible buyers may finance conventionally with as little as 3. 5% down, subject to qualification. FHA, VA Approved association
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$175,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $140,000 | $140,000 | $140,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | $132 | $132 | $132 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $806 | $838 | $1,116 |
| Total Monthly Payment | $1,013 | $1,045 | $1,323 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.