A typical MCG loan includes...
- 7.00-9.00% interest
- 5-year fixed loan with balloon payment
- Monthly interest only payments
- Prepayment fee of 1% in the first 12 months
- 0% after 12 months
- Loan fee of 2.5%
- Document preparation fee of $750.00
Appraisal is needed on a case-by-case basis. Values are subject to change based on the market and individual needs.