Purchased 891 Maplewood Ave
Saturday, November 7th, 2009Today my wife and I bought the following property:
892 Maplewood Ave.
Ypsilanti, MI 48108
Here are the specifics of the deal:
Sale Price: 54,000
Down Payment: 15,000
Type of financing: Land Contract
Loan amount: 39,000
Interest Rate: 7.5%
Loan Specifics: 15 year amortization, balloon payment after 3 years (expendable to 5 if necessary)
Monthly Payments: $361.53 Principle and Interest + $280.00 Tax and Insurance
We [...]