1st Metropolitan Mortgage Blog

We're extremely happy to introduce our newest service...

How does it work?

The Easy Equity Plan is an automated bi-weekly payment program that takes the guesswork out of building equity in your home. Every two weeks we will initiate a payment (equal to ½ your normal monthly payment), essentially allowing for one full extra payment towards the principal balance every year. Since there are 52 weeks in a year, you’ll end up making 26 half payments, or 13 FULL payments. This additional payment is placed directly towards your loan principal balance, therefore reducing interest charges year after year.

Example:

Let's take look at a mortgage with a principal balance of $150,000, a term of 360 months, and an interest rate of 6%.

· Monthly principal and interest payment = $899.33

· Total Interest Paid During Life of Loan = $173,757

Using the Easy Equity Plan Option

· Bi-Weekly Payment = $449.67

· Total Interest During Life of Loan = $135,294

· The loan is paid off in 24 years, instead of 30, and saves in excess of $38,000!!

It’s just that simple!

Would you like more information? Click Here to allow one of our Planners to help...

- 1st Metropolitan Mortgage Roanoke, VA

That's right!  We're now offering FHA renovation loans for both Purchases & Refinances.  We've all been there... We fall in love with a house & everything's perfect - except it needs a new roof, windows, etc... and the Sellers aren't willing to repair b/c they've lost equity (profit) in their property.  THAT'S JUST FINE - for the right borrowers, you can now include the costs of those repairs with your mortgage and close on time!  So don't let the market scare you...there is repair money for you - you just have to find it and...I think you just did!

Give Josh Perrington, our Roanoke Renovation Specialist, a call or email and he will be happy to answer your questions.  Direct: 540.904.0842 or Josh@1st-Metropolitan.com  

About My Roanoke Story

Read their story. Tell your own Roanoke story.

My Roanoke Story is a collaborative effort to highlight the amazing diversity of Roanokers and the talent pool of the Roanoke Valley.

Together with our media parters we strive to bring you, our visitors, an intriguing look at what it is to be a Roanoker by origin or adoption and the love we all share for Roanoke.

Do you live, work or play in the Roanoke area? Would you like to share your Roanoke story? Please send us two or three paragraphs including who you are, where you're from originally, your age range (20s, 50s, etc.), what you love about Roanoke and any other interesting details you care to share. Please make sure to send us your contact information as well so we can reach you if we have any questions about your submission.

Some of our Roanoke stories are solicited; other Roanoke stories have been sent in by our readers. We want to know you. You don't have to be well known or popular. The only prerequisite is an active connection to Roanoke.

We hope to hear your Roanoke story soon!

Click here to read Josh Perrington's Roanoke Story.

That's right!  We're now offering FHA renovation loans for both Purchases & Refinances.  We've all been there... We fall in love with a house & everything's perfect - except it needs a new roof, windows, etc... and the Sellers aren't willing to repair b/c they've lost equity (profit) in their property.  THAT'S JUST FINE - for the right borrowers, you can now include the costs of those repairs with your mortgage and close on time!  So don't let the market scare you...there is repair money for you - you just have to find it and...I think you just did!

Give Josh Perrington, our Roanoke Renovation Specialist, a call or email and he will be happy to answer your questions.  Direct: 540.904.0842 or Josh@1st-Metropolitan.com  

If you haven't heard, Google has a new photo feature called Picasa & they've done their job well!  We've been using this now for a few months & it makes organizing and editing our photos extremely easy.  Of course, it offers the same "share your photos" features through email, prints, etc...but there's a definite change in the feel of organization.  Most of all it's fast, easy, & FREE!!

We would love to hear about the tools you use in your daily life so feel free to email us by clicking here: 1st Metropolitan Mortgage Roanoke, VA