Property Information

Royal Bahamian Estates Home

Type

House

Price

$ 240,000   Loan Calculator

Island

Grand Bahama, Bahamas

Address

13 Malaya Drive

Bedrooms

3

Bathrooms

2.0

Living Area

1850 sqft

Lot Area

11250 sqft

More info

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Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Description

This great single family residence located in Royal Bahamia Estates on Malaya Drive is less than 2 miles to Port Lucaya and a short walk or ride to the beach.



Spacious, with a large yard and backup generator, and close proximity to all amenities, this house is a great investment.



This house won't be on the market long so call to arrange to view.

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

More info   All properties of this realtor

Real Estate Agent : Telesha Sands-Pinder

Name:

Telesha Sands-Pinder

Phone:

242-727-4663

Telesha Sands-Pinder has over 10 years experience in the Banking and Finance sector, having been engaged at reputable Banking Institutions,namely, Scotibank Bahamas Ltd., Royal Bank of Canada, Freeport Grand Bahama, International Banking Group, Turks and Caicos Islands.

Mrs. Sands-Pinder has served in supervisor positions in various sections/departments in all of the above organizations, receiving numerous commendations, and recognition for job performance. Most notable, was her recent award as the 'Best of The Best' and Top Sales Officer for Scotiabank, both nationally and regionally. This accomplishment is no small feat, and it is indeed indicative of Mrs. Sands-Pinder's superior skill set, as well as her immense passion and professional drive.

She holds a BBA in management, minor in Finance from Georgia Southern University, Statesboro Georgia -2006. Additionally, she received her Certificate in Financial Planning (CFP) from Florida State University in December 2015. She is currently pursuing her MBA in Project Management from Amberton University in Garland Texas, which she is expected to complete in the January of 2017.