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Five Star Mortgage, LLC
2280 Satellite Blvd.
Duluth, GA 30097
OFFICE 770.495.3516
FAX 770.495.3528
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100% Financing.
In today's mortgage market their are numerous buyers who are considering purchasing a home however they are faced with one common situation, they have good credit and very little cash for a downpayment. Five Star Mortgage is aware of the situation and can provide a solution. 100% Financing programs give buyers the opportunity to purchase a home with little or no money down.
This is how a 100% Financing program works. The total financing of the home consists of two (2) seperate loans. The first loan is for 80% of the purchase price of the home and can be structured as a Fixed Rate Mortgage, Adjustable Rate Mortgage or an Interest Only Loan. A second mortgage for the remaining 20% of the purchase price is closed at the same time as the first mortgage. The second mortgage can be a purchase money second mortgage or may be in the form of an Home Equity Line of Credit.
One of the major advantages to a 100% financing program structured in this manner is that there is no mortgage insurance for the buyer. Another advantage is the buyer has the ability to make additional payments to the principal of the second mortgage thereby paying it off sooner.
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No matter what your situation may be, 1st time home buyer, newly found financial flexibility, we can come up with a number of ways to accomplish your goals and we won't limit your options like some do. |
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We utilize the latest technology to make the process run very smoothly for you -- resulting in quick turnaround to capture your best possible rate. |
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Go ahead and try us out. You'll find a local company offering the most competitive rates in today's hot Atlanta real estate market. |
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