THE COST OF WAITING
BUYING POWER EXPLAINED
Why you should not wait to purchase your dream home*
*Prices subject to change without notice. Interest rate is as of 07/12/2021. Monthly mortgage payment of $1,349 is calculated on a sales price of $400,000, an interest rate of 3% (APR 3.089%) for a 30-year fixed, owner occupied, conventional mortgage, with a 20% down payment and a purchaser with a credit score of 720. Borrower pays discount points of 0.25%. Monthly mortgage payment of $1,451 is calculated on a sales price of $380,000, an interest rate of 4% (APR 4.101%) for a 30-year fixed, owner occupied, conventional mortgage, with a 20% down payment and a purchaser with a credit score of 720. Borrower pays discount points of 0.25%. Monthly mortgage payment includes principal and interest. Homeowner will be responsible for property taxes, homeowner's insurance and HOA fees. Flood insurance may be required depending on property location and will be the responsibility of the homeowner. Interest rate quote is not guaranteed and is subject to market conditions and may change or program may be cancelled without prior notice. Available only for closed purchase agreements with financing through K. Hovnanian American Mortgage, LLC. Subject to final negotiation of contract terms and is subject to all RESPA guidelines. Alternative loan options available. K. Hovnanian American Mortgage, LLC. 3601 Quantum Boulevard, Boynton Beach, FL 33426. NMLS #3259 (www.nmlsconsumeraccess.org). Licensed by Arizona Department of Financial Institutions. Lic. #906585. Licensed by Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Lic #4130532. Licensed by Delaware State Bank Commissioner to engage in business in this State. Lic. #7864 Expiration 12/31/21. Licensed by Florida Department of Financial Services. Georgia Residential Mortgage Licensee #22272. Licensed by Maryland Commissioner of Financial Regulation. Licensed by New Jersey Department of Banking and Insurance. Licensed by Ohio Division of Financial Institutions. Lic. RM.850228.000. Licensed by South Carolina Board of Financial Institutions. Registered with the Texas Department of Savings and Mortgage Lending. Licensed by Virginia State Corporation Commission, Bureau of Financial Institutions. Lic. #MC-2661. Licensed by West Virginia Division of Financial Institutions. See a Sales Consultant for full details. Equal Housing Opportunity.