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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special financing thirty year fixed with a two one buydown

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Ambassador
625,668
Courtney Cooper
206-850-8841
All Seattle Homes for Sale: CooperJacobs.com

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

August 24, 2008 12:03 AM
Rainmaker
996,044
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

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

August 24, 2008 12:41 AM
Ambassador
745,884
Steve Shatsky
Dallas Real Estate & Short Sale Specialist (214)213-0340
Prudential Texas Properties

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

August 24, 2008 01:05 AM
Rainmaker
362,135
Susie Blackmon
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. 

August 24, 2008 04:51 AM
Ambassador
1,529,236
Gary Woltal
Assoc. Broker Realtor SFR Dallas Ft. Worth
Keller Williams Realty

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.

August 24, 2008 10:52 AM
Rainmaker
217,645
Joan Mirantz
Realtor, GRI, CBR, SRES - Concord New Hampshire
Homequest Real Estate

Now THAT guy wants to move his houses!!

August 24, 2008 11:04 AM
Rainmaker
996,044
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

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

August 24, 2008 11:14 AM
Rainmaker
996,044
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

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.

August 24, 2008 11:15 AM
Rainmaker
996,044
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

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...

August 24, 2008 11:16 AM
Rainmaker
996,044
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

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 !

August 24, 2008 11:17 AM
Rainmaker
680,221
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605

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.

August 24, 2008 02:26 PM
Rainer
211,971
Carol Smith
Casmi Photography

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.

August 24, 2008 08:38 PM
Rainmaker
561,119
Lindsey Hasford
Coldwell Banker Vision

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!

August 24, 2008 10:27 PM
Rainer
234,241
Susie Roscoe
Real Estate Specialist | Brandon, FL
Signature Realty Associates

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!

August 25, 2008 05:41 AM
Rainmaker
398,592
John Cannata
Texas Home Mortgage - Purchase or Refinance
214-728-0449 http://TexasLoanGuy.com

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

August 25, 2008 09:17 AM
Rainmaker
1,194,135
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

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

August 25, 2008 11:26 AM
Ambassador
1,877,288
Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, 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.

August 25, 2008 11:52 AM
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Rainmaker
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Karen Anne Stone

Fort Worth Real Estate
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