Contact - Jay at 801-633-3994
Monday, December 19, 2011
Millcreek Terrace Penthouses - Lease
Recently listed a few prime penthouse units for rent. These Penthouse
condos range from double master suites to large 2,100 sf units.
Millcreek Terrace is one of the most prestigious addresses in Salt
Lake. The building is secured and gated, with heated garage. Elevator
access to all five floors. Luxurious accommodations with 10' ceilings,
fireplaces, pro-line appliances, hardwood flooring, beautiful views,
designer finishes throughout. Close to everything in Salt Lake.
Thursday, April 7, 2011
A New Finance Program at Millcreek Terrace Condos
In this slow economic recovery, you no longer have to worry about affording that luxurious retirement Penthouse condo due to the value of your existing home having, in recent years, fallen in price.
If you, or the youngest spouse, are at least 62 years of age, there is a new finance program that only requires that you put 35% to 40% down and have no more mortgage payments for the rest of your lives.
For instance, if you want to buy the top of the line Millcreek Terrace condo, a 2,100 square foot Penthouse with all of the amenities, you will only need to put $178,500 (if you are 70 yrs old and $200K if you are 62 yrs old) down, of the $500,000 purchase price. That's it, $178,500 down and you will not be required to make any mortgage payments for the rest of your life!
If you are wondering how this is done, it's simple; the finance company takes the risk of your life expectancy. The balance of the amount that is owed accrues interest at 5.06%. If the buyer, who uses this financing, wants to sell his/her unit can due that at any time, simply paying the accrued interest at the time of the sell. The owners of the condo can also wait until their death, at which time the property reverts to their heirs and the heirs can than sell or payoff the amount owed and live in the condo themselves. At the time of the owner's death, if the condo is not worth as much as the payoff amount, the estate can simply turn the property over to the finance company, with no money owed
If you, or the youngest spouse, are at least 62 years of age, there is a new finance program that only requires that you put 35% to 40% down and have no more mortgage payments for the rest of your lives.
For instance, if you want to buy the top of the line Millcreek Terrace condo, a 2,100 square foot Penthouse with all of the amenities, you will only need to put $178,500 (if you are 70 yrs old and $200K if you are 62 yrs old) down, of the $500,000 purchase price. That's it, $178,500 down and you will not be required to make any mortgage payments for the rest of your life!
If you are wondering how this is done, it's simple; the finance company takes the risk of your life expectancy. The balance of the amount that is owed accrues interest at 5.06%. If the buyer, who uses this financing, wants to sell his/her unit can due that at any time, simply paying the accrued interest at the time of the sell. The owners of the condo can also wait until their death, at which time the property reverts to their heirs and the heirs can than sell or payoff the amount owed and live in the condo themselves. At the time of the owner's death, if the condo is not worth as much as the payoff amount, the estate can simply turn the property over to the finance company, with no money owed
Friday, March 4, 2011
Own a Penthouse Condo at MillCreek Terrace for Only 35% to 40% Down, with No Payment the Rest of Your Life.
Millcreek Terrace Penthouse Condos are selling for Only 35% to 40% Down, w/ No Payments for the Rest of Your Life!
That is true. Millcreek Terrace has a new financing program that allows buyers, who are at least 62 years of age to pay only 35% to 40% down and have no principle and interest payments for the rest of the last living spouses life.
The down payment difference is determined by the age of the youngest spouse. For example: if a couple's youngest spouse's age is 62 years old and they wanted to purchase the most expensive and luxurious Penthouse in Millcreek Terrace, their payment would only be 40% of the $500,000 purchase price. Therefore the down payment would be $200,000. The only fees that they would owe is the HOA fee of $234 per month, which includes TV, internet, water and all other maintenance fees, except property taxes and utility bills.
Jay Rice, owner of Millcreek Terrace, says, "this finance program is a huge benefit for homeowners who would like to move up to the nicest condominium in the Salt Lake Valley with only having to spend 35% to 40% of what the property is worth". In fact, Jay says, "that with the devaluation in real estate, his condos are selling at close to 30% below valuations seen just a view years ago".
MillCreek Terrace condos is now officially over half way sold out and the remaining units are priced to sell quickly, so don't waste much time in getting down to see these beautiful, luxurious, Penthouse condos.
If you have any questions you can call Jay Rice at 801-633-3994
That is true. Millcreek Terrace has a new financing program that allows buyers, who are at least 62 years of age to pay only 35% to 40% down and have no principle and interest payments for the rest of the last living spouses life.
The down payment difference is determined by the age of the youngest spouse. For example: if a couple's youngest spouse's age is 62 years old and they wanted to purchase the most expensive and luxurious Penthouse in Millcreek Terrace, their payment would only be 40% of the $500,000 purchase price. Therefore the down payment would be $200,000. The only fees that they would owe is the HOA fee of $234 per month, which includes TV, internet, water and all other maintenance fees, except property taxes and utility bills.
Jay Rice, owner of Millcreek Terrace, says, "this finance program is a huge benefit for homeowners who would like to move up to the nicest condominium in the Salt Lake Valley with only having to spend 35% to 40% of what the property is worth". In fact, Jay says, "that with the devaluation in real estate, his condos are selling at close to 30% below valuations seen just a view years ago".
MillCreek Terrace condos is now officially over half way sold out and the remaining units are priced to sell quickly, so don't waste much time in getting down to see these beautiful, luxurious, Penthouse condos.
If you have any questions you can call Jay Rice at 801-633-3994
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