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Secure Your Future with Smart Mortgage Investment Plans

Imagine a future where your financial stability and wealth grow effortlessly. At City First Mortgages, we understand your dreams and are committed to helping you achieve them. With our tailored mortgage solutions, you can transform your investment goals into tangible successes.

Unlock Your Financial Potential

  • Tailored to You: Whether you’re a first-time investor or an experienced real estate mogul, our diverse mortgage options—Fixed-Rate, Adjustable-Rate, FHA, VA, and Jumbo loans—are designed to meet your unique needs.

  • Confidence in Every Step: Enjoy competitive rates and favorable terms, allowing you to invest confidently and securely.


Maximize Your Investment Returns

  • Property Appreciation: Watch your investment grow as property values increase over time, building substantial wealth through strategic real estate choices.

  • Rental Income: Turn your mortgage into a steady revenue stream with rental income, providing consistent and passive financial gains.

  • Extra Principal Payments: Accelerate your path to financial freedom by making additional principal payments, reducing your loan term, and saving on interest.


Access Hidden Wealth with Cash-Out Refinance

  • Unlock Extra Funds: Tap into your home’s equity with a cash-out refinance, giving you access to funds for home improvements, debt consolidation, or new investments.

  • Reinvest Wisely: Use the cash to enhance your portfolio, increasing your overall returns and securing your financial future.

Discover the Power of Real Estate Investment with Personalized Mortgage Solutions

Experience Unmatched Support and Guidance

  • Expert Advice: Our team of seasoned mortgage consultants offers personalized advice, ensuring you make informed and confident decisions.

  • Comprehensive Assistance: From choosing the right property to navigating the closing process, we support you every step of the way, making your investment journey smooth and stress-free.

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Join a Community of Successful Investors

  • Build Wealth with Real Estate: Be part of a community of investors who have grown their wealth through our tailored mortgage solutions.

  • Real Success Stories: Hear from clients who have transformed their financial landscape and achieved their dreams with our support.

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Take the First Step to Financial Freedom Today
Your dream lifestyle is within reach. Contact us for a free consultation and discover how our mortgage solutions can help you achieve your investment goals. Together, we can turn your aspirations into achievements.

Sample Real Estate Investment Plan for a Borrower

Equity Plan:
 
Borrower Profile:

  • Credit Score: 720

  • Annual Income: $80,000

  • Debt-to-Income Ratio: 35%

  • Down Payment: 10% ($40,000 on a $400,000 home)

  • Monthly Payment Comfort Zone: $1,500 - $1,800

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Mortgage Recommendation:

  • Loan Type: 30-year Fixed-Rate Mortgage

  • Interest Rate: 6.5%

  • Loan Amount: $360,000

  • Monthly Payment (Principal + Interest): $2,275.44

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Cost Breakdown:

  • Down Payment: $40,000

  • Closing Costs: $10,800

  • PMI: $180/month (until 20% equity is reached)

  • Property Taxes: $4,000/year ($333.33/month)

  • Homeowner’s Insurance: $1,350/year ($112.50/month)

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Monthly Payment Breakdown:

  • Principal + Interest: $2,275.44

  • PMI: $180.00

  • Property Taxes: $333.33

  • Homeowner’s Insurance: $112.50

  • Total Monthly Payment (PITI + PMI): $2,901.27

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Investment Potential:

  • Annual Appreciation: 4% ($16,000/year)

  • Future Home Value in 5 Years: $486,202.30

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Equity in 5 Years:
Without Extra Payments:

  • Total Principal Paid: $28,601.57

  • Remaining Principal: $331,398.43

  • Home Equity: $154,803.87

With Extra Payments ($200/month):

  • Total Principal Paid: $50,261.60

  • Remaining Principal: $309,738.40

  • Home Equity: $176,463.90

Using Cash-Out Refinance for Purchasing Another Property:

Without Additional Payments:

  • New Loan Amount: $388,961.84 (80% of updated home value)

  • Interest Rate: 5.5% (hypothetical)

  • Total Monthly Payment (PITI): $2,656.40

  • Cash-Out Amount: $57,563.41


With Additional Payments ($200/month):

  • New Loan Amount: $388,961.84 (80% of updated home value)

  • Interest Rate: 5.5% (hypothetical)

  • Total Monthly Payment (PITI): $2,656.40

  • Cash-Out Amount: $79,223.44


Rental Income From Existing Property Scenario:

  • Monthly Rental Income: $3,000

  • Net Monthly Income: $3,000 - $2,656.40 = $343.60


Using the cash-out amount, the borrower can make a down payment on another investment property, potentially increasing rental income and further building equity through real estate investments.

Recommendations:

  1. Evaluate refinancing options if interest rates drop significantly below the current rate.

  2. Make additional payments of $200/month towards the principal to increase equity and reduce the loan term.

  3. Consider renting out the property to generate rental income.

  4. Use the cash-out refinance to purchase another investment property.

  5. Maintain an emergency fund of 3-6 months of living expenses.

  6. Set aside 1-2% of the home's value annually for maintenance and repairs.

  7. Regularly review homeowner’s insurance to ensure adequate coverage.

Investment Calculator

Loan Amount
Monthly Payment
Remaining Loan Term

Cost Calculator

Total Amount Paid
Down Payment
Total Principal
Total Interest Paid
Total Taxes and Insurance Paid
Estimated Closing Costs

Cash Flow Calculator

Estimated Home Value After N Years
Remaining Balance After N Years
Equity After N Years
Refinance Closing Costs
Potential Cash-Out Refinance Amount
New Loan Amount

Payments Calculator

New Monthly Payment
Net Monthly Rental Income
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