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Air Academy’s 10-Year Fixed Rate Mortgage
4.5% (4.703% APR)* Only $1,499 Closing Costs! One of the lowest closing cost first mortgages available anywhere!
This loan is fully amortized over a 10-year period and has two great advantages, which is why it’s one of our most popular loan programs.
One great advantage is how much interest you save. As an example, if someone has a 10-year mortgage versus a 30-year mortgage at the same interest rate, on a $160,000 loan you would save $92,866 in interest using a 10-year loan. The other advantage of Air Academy’s 10-year loan is the low closing costs. At only $1,499 this is one of the lowest closing cost first mortgages available anywhere. Compared with other lenders closing costs for a similar loan, (as much as $6,000 on a $160,000 loan) it's certainly worth considering this amazing loan program. At 4.5% (4.703% APR)* this product helps you pay off your mortgage in a fraction of the time of a traditional 30 year loan. Payment Example: Purchase or Refinance with a maximum of 80% loan to value and a loan amount of $160,000 at 4.5% (4.703% APR) the payment on our 10 year loan program is $1,658.21. The payment on a similar 30 year loan with a 4.5% interest rate at (4.580% APR) is $810.70. However, you would save $92,866 in interest with a 10 year versus a 30 year loan. (The payment example does not include taxes and insurance) Air Academy Mortgage Division
719-264-1207 – 720-208-7400 -800-223-1983 *(APR 4.703% based on $160,000 loan amount and $1,499 closing costs.)
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