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Are You a Buyer Who is Very "Payment Shy ?"

If you have been looking for a new home in the Dallas/Fort Worth area for awhile, and are waiting for the interest rates to go down even further... I have something that should really interest you.  Don't wait any longer !

One of the many New Home Builders I work with has just come up with a special financing plan (hot of the press just yesterday) that is really fabulous.

The current interest rates out on the open market are hovering right around the mid-sixes... six and one half per cent to six and five-eighths percent.

This special interest rate program I am sharing with you is a thirty-year fixed interest rate program... that is fixed from years 3 through year 30 at FIVE and Seven-Eighths percent.

But... here is the really cool part.  The first two years of the mortgage plan have bee "bought down" by the builder.  So... the first year is 3.875 %.  The second year is 4.875 %.  And... as I mentioned above... years three thru thirty is fixed at 5.875 %.

This is NOT an ARM.  It is a thirty-year fixed interest rate program.

For more information about this incredible program, please call the New Home Hotline at (817) 929-3400.  Or, you may email me, Karen Anne, at KarenAnneStone@gmail.com.

Comment balloon 17 commentsKaren Anne Stone • August 23 2008 11:59PM

Comments

Sound slike it could be a good option, Karen..

Posted by Courtney Cooper, 206-850-8841 (Ben Kinney Brokerages Leadership at our Keller Williams North Seattle Office) over 10 years ago

Courtney:  Yes, I have checked out all the particulars, and it appears to be a valid, worthwhile program.  Thanks for commenting... take care...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 10 years ago

Wow Karen Anne... this sounds like a great opportunity.  If this doesn't motivate foilks to buy now, nothing will!

Posted by Steve Shatsky over 10 years ago

Sounds (again) like rates will be rising, so all the more reason to pursue opportunities such as the one you mention. 

Posted by Susie Blackmon, Ocala, Horses, Western Wear, Horse Farms, Marketing over 10 years ago

Karen Anne, that sounds like a great builder incentive you've learned about. Hopefully the buyers will see this and contact you right away. Good luck.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 10 years ago

Now THAT guy wants to move his houses!!

Posted by Joan Mirantz, Realtor, GRI, CBR, SRES - Concord New Hampshire (Homequest Real Estate) over 10 years ago

Steve:  Yes, with rates like this, there really is nothing out there to compete with this.  Take care...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 10 years ago

Susie:  I agree... rates are starting to go up again.  The Fed has to do that because of inflation pressures.  So... time to get off the fence and take advantage.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 10 years ago

Gary:  Yes... it appears this builder is serious about wanting to sell his inventory homes.  Lots of good incentive in this interest rate plan.  Take care...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 10 years ago

Joan:  I think you're right !  This builder really wants to sell his inventory homes so he can start some new ones.  Have a great Sunday !

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 10 years ago

Rates have no place to go but UP right now.  People would do well to LOCK IN now.  There are too many people waiting and wishing and hoping for rock bottom prices AND low interest rates.  Not happening.

Posted by Ruthmarie Hicks (Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605) over 10 years ago

Wish I could get one of the builders here to do this!  It sure wouldn't hurt.  Thanks for the idea.  Maybe I'll pose it to the HBA and see if someone bites.

Posted by Carol Smith (Casmi Photography) over 10 years ago

I like the option of buying down the mortgage with points. That's how I got into my first home and it was a really fabulous deal!

Posted by Lindsey Hasford, Bringing you home... (Edina Realty) over 10 years ago

KarenAnne, sounds like the Tarrant County residents have found thier GOLDEN GIRL who has all the magic in her wand!  Interest rates as well as home prices "there" sound like ti's a GOLDEN time to buy!

Posted by Susie Roscoe, Real Estate Specialist | Brandon, FL (Signature Realty Associates) over 10 years ago

This is a good option Karen and I hope that you have some buyers that take advantage.  Good luck!

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com) over 10 years ago

Those are great rates, Karen. I find that buyers generally have a hard time understanding the concept of a 2-1 Buydown, but you did a wonderful job explaining how it works.

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Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) over 10 years ago

Karen Anne:  Buyers would be foolish to not give this type of loan program nd brand new home combo a look!  What a great incentive.

Posted by Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster REALTORSĀ®, Gainesville, VA) over 10 years ago

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