new home builders: It's Time To Get LUCKY - 02/04/09 04:37 PM
When we bought our first home, we made a substantial downpayment. We raided our savings accounts and borrowed from our parents. We sweated as the lender combed our credit reports and turned their noses up at our income, student loan debt, self-employed status and work history. We panicked as the lender demanded a lot more money days before closing. And finally we closed. WE WERE LUCKY. We were lucky that we had savings. Lucky that we had parents that wanted this home for us as much as we wanted it for ourselves – and had the money to help us.
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new home builders: M/I Homes Beats Lennar's Deal - 02/22/08 02:47 PM
A couple of weeks ago, I posted about a great deal being offered by new home builder Lennar. Apparently, M/I Homes has decided to go one better. Lennar offered a 30 year fixed rate mortgage at 4.875% - M/I is offering 3.875% for the first year, which adjusts to 4.875% in years 2-30. Looks like the deals keep getting better and better. Check out their TV ad and see which markets qualify for the offer at the M/I website.
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