Merrick Manor is offering a new special incentive to help buyers at the luxury Coral Gables condominium building purchase points to lower their mortgage rates. This is a great way to reduce current rates and save on monthly mortgage payments.
A new Realtor.com article includes buying mortgage points as one of six important ways to keep mortgage rates manageable following the significant interest rates increases over the past year. How does it work? Borrowers generally purchase points in 0.25% increments at a cost of about 1% of the mortgage amount.
In other words, as the article details, a borrower could pay $4,000 per point on a $400,000 mortgage to lower the rate by 0.25%. These payments are typically made at closing.
Call us to learn more about Merrick Manor’s new incentive to help buyers save on monthly mortgage payments!
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.