For information call Ken or Austin at 207.213.9447

THE COTTAGES ON CHINA LAKE

Stop by for a visit any time!

1270 Lakeview Drive  |  China, Maine 04358

FINANCING YOUR COTTAGE


A mortgage company and local banks are interested in helping finance your cottage. One is offering a 30-year, fixed rate of 5% with only 10% down. Calculate your payments by clicking here or see the sample below, calculated with 5% interest.


The monthly mortgage payment listed below is an example of what your monthly payments might be, as the actual numbers are affected by your credit rating, down payment amount, and the bank you choose.


If you are interested in renting out your cottage during the weeks you aren’t here, you can find qualified renters through AirBnB.com and VRBO.com. The rate you charge will vary depending on the season, the size of your cottage, and your furnishings and extras, such as kayaks and fishing poles. We have provided information below, as a reference for owners interested in this option.



SAMPLE LOAN PAYMENTS

FOR YOUR COTTAGE



1-BEDROOM COTTAGE

WITH SCREENED PORCH

$121,900

Own Your Own Lakeside

One-Bedroom Cottage for $590/mo

    $121,900 price - $12,190 (10% down) =

    $590/mo mortgage

TOTAL $590/mo


Rental Options Can Cover Your Monthly Mortgage Payments:

For example, rent out your cottage for 11 weeks @ $650/wk

and completely cover your monthly mortgage costs.


You can spend the other 18 weeks or weekends

in your cottage for free while building equity.

FINANCING YOUR COTTAGE

Contact us now to find out more about the newly-renovated Cottages on China Lake.

Lakeside cottage condominiums $121,900-$122,900

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