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

By
Real Estate Agent with New Home Hunters of Fort Worth and Tarrant County

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.

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Ambassador
636,908
Courtney Cooper
All Seattle Homes for Sale: CooperJacobs.com - Seattle, WA
206-850-8841

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

Aug 24, 2008 12:03 AM #1
Rainmaker
996,088
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

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

Aug 24, 2008 12:41 AM #2
Ambassador
748,612
Steve Shatsky
Prudential Texas Properties - Dallas, TX
Dallas Real Estate & Short Sale Specialist (214)213-0340

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

Aug 24, 2008 01:05 AM #3
Rainmaker
362,135
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

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

Aug 24, 2008 04:51 AM #4
Ambassador
1,540,945
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

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.

Aug 24, 2008 10:52 AM #5
Rainmaker
217,670
Joan Mirantz
Homequest Real Estate - Concord, NH
Realtor, GRI, CBR, SRES - Concord New Hampshire

Now THAT guy wants to move his houses!!

Aug 24, 2008 11:04 AM #6
Rainmaker
996,088
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

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

Aug 24, 2008 11:14 AM #7
Rainmaker
996,088
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

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.

Aug 24, 2008 11:15 AM #8
Rainmaker
996,088
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

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...

Aug 24, 2008 11:16 AM #9
Rainmaker
996,088
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

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 !

Aug 24, 2008 11:17 AM #10
Rainmaker
681,585
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

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.

Aug 24, 2008 02:26 PM #11
Rainer
211,971
Carol Smith
Casmi Photography - Mebane, NC

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.

Aug 24, 2008 08:38 PM #12
Rainmaker
561,519
Lindsey Hasford
Coldwell Banker Vision - Elk River, MN

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!

Aug 24, 2008 10:27 PM #13
Rainer
234,244
Susie Roscoe
Signature Realty Associates - Brandon, FL
Real Estate Specialist | Brandon, FL

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!

Aug 25, 2008 05:41 AM #14
Rainmaker
398,596
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

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

Aug 25, 2008 09:17 AM #15
Rainmaker
1,212,867
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

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.

elizabeth weintraub land park real estate agent in sacramento

Aug 25, 2008 11:26 AM #16
Ambassador
1,909,855
Chris Ann Cleland
Long & Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

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.

Aug 25, 2008 11:52 AM #17
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Karen Anne Stone

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