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.
Sound slike it could be a good option, Karen..
Courtney: Yes, I have checked out all the particulars, and it appears to be a valid, worthwhile program. Thanks for commenting... take care...
Wow Karen Anne... this sounds like a great opportunity. If this doesn't motivate foilks to buy now, nothing will!
Sounds (again) like rates will be rising, so all the more reason to pursue opportunities such as the one you mention.
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.
Now THAT guy wants to move his houses!!
Steve: Yes, with rates like this, there really is nothing out there to compete with this. Take care...
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.
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...
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 !
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.
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.
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!
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!
This is a good option Karen and I hope that you have some buyers that take advantage. Good luck!
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.
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.