The Mississipp Home Corpration just last week released their second mortgage revenue bond for 2007. This bond has a 30 year fixed interest rate of 5.65%! As long as you fall within the income limits of this bond, it isn't rocket science to figure out that it is a fabulous deal! Coupled with the fact that it also has a 3% gift that is applied as down payment or toward closing costs, how could one say no to this loan?
I am currently working with a client who is an accountant in Jackson. He has been very concerned with making sure that he has the best rate he can get. This doesn't mean that he actually has the lowest payment and/or rate he can get but that is also provides the greatest tax benefit as well. After reviewing many, many options, we keep coming back to the Bond Money loan. The 3% gift will not only cover ALL of his closing costs, he'll also be able to put $2,000 down as a down payment. All of this - and not a penny out of his pocket!!
If you or someone you know in the state of Mississippi could benefit from this GREAT mortgage, please let me know!!