Mcgee is the home equity management company that offers loans and mortgages for $3 to $5,000.
The company offers a range of home equity loans and mortgage loans, but its focus is on “affordable” homes, which it says are “designed for homeowners who have experienced some of the hardship and stress that a home can bring.”
The company says it is focused on homes that “fit the budget” of homeowners with moderate incomes, but also that homeowners are able to “reduce their mortgage payment, and help themselves through the transition to a more sustainable income.”
So, if you want the ultimate in affordability, Mcgee says its offering a home for $1,200, which comes with a down payment of $200,000, plus a 3.75 percent down payment.
So why would you want one?
Mcgee CEO Jason Mcgee explains: “We’re working on something that we think is going to give people the same affordability as the average home today.
That’s really, really important.”
If you’re looking for a place with a good mortgage, you should definitely check Mcgee’s website for a home loan.
The Mcgee Home Equity Loan offers a $2,000 down payment on a 3-bedroom, 2,400-square-foot house in suburban Oakland, California, that Mcgee estimates costs about $2 million to buy.
But Mcgee notes that the down payment for this home is much lower than other homes that it sells, and that the buyer pays just $800 in monthly interest.
Mcgee’s mortgage rates are much lower compared to other lenders, so if you’re able to find a house for less than $2.50 million, you’re probably better off buying a home.
Mcgee said that the mortgage rates for its mortgage loans range from 0.75 to 2.25 percent per year, and Mcgee said it does not make any guarantees on the home’s performance.
Mcgee says it does offer mortgage assistance to those who can’t afford the mortgage but would like to buy a home, and if the mortgage loan is too high, Mcee says that the lender can give the buyer an adjustable rate.
To learn more about the Mcgee Homes, visit Mcgee.com.