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Lake Greenwood waterfront opportunity in Cross Hill’s Hidden Lake area! Priced at $100, 000, this 2 bedroom, 2 bath mobile home sits on a lakefront lot with a covered dock, screened front porch, large back deck, and peaceful water views. The home is in poor condition and will require significant cleanup, repairs, and updating, but the setting is the opportunity. Bring your contractor, your vision, and your due diligence?renovate, improve, or explore future possibilities for the property. Dock appears to be in better condition than the decking and stairs around the home, but all exterior structures should be evaluated carefully. Water depth is reported around 5 feet during normal lake levels, and this section is affected by winter drawdown. Buyer to verify water depth, dock/shoreline permits, septic/well, zoning, mobile home status, and all intended uses. Sold as-is.
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Our Executive Mortgage Banker:
$100,000
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 |
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|---|---|---|---|
| Loan Amount | $80,000 | $80,000 | $80,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $54 | $54 | $54 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $486 | $505 | $664 |
| Total Monthly Payment | $615 | $634 | $793 |
* 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.