Special offer

Should You Take The $12,000 Financing Package Builder Pushes???

By
Mortgage and Lending with Equity Resources NMLS 67179 Licensed in NC

too good to be trueIt's easy to be mesmerized by the ads.

Your mortgage rate will be 3.5% the first year, 4.5% the second year and then FIXED at 5.5% for the rest of the time you own your home!  You get a HUGE Tax advantage because you can write all of that upfront interest off!  Beautiful New Home!

Just $12,000 more...

Let me ask you somethin', that community is not finished.  In fact, the builder's rep told you that since this is the first phase, they've decided that once they sell the next 18 homes and move into the NEXT phase... they are going to lower the prices of the homes.

Is that "sweet deal" of $12,000 to use the builder's mortgage company really all that "sweet?" We don't think so either.

If you are considering a new home purchase in the Triangle, please call Steve and Eleanor Thorne, Mortgage Loan Originators in Raleigh, NC  919-649-5058...

We'll give you an honest comparison, and the best rate for a mortgage you can find

Justin Williams
Independent - Virginia Beach, VA
Loan Officer

Great Picture Eleanor and great post.  Don't be fooled by the preferred loan officers always grt a competitive quote.  Looks can be decieving!

Sep 09, 2008 04:59 AM
Jim Fischetti
The Fischetti Group/Keller Williams - Wake Forest, NC

Eleanor,

 

People often times don't calculate what is the best option. Thanks for providing great info.

 

Jim

Sep 09, 2008 05:26 AM
Eleanor Thorne
Equity Resources - Cary, NC
Advantage Lending 919-649-5058

Hey!  Thanks guys for stopping by!  Fortunately, our clients are working with a TOP NOTCH real estate agent who steered them in our direction!  According to the on site agent - these are the ONLY buyers who did not take the "sweet deal..."

Sep 09, 2008 06:25 AM
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

I've seen the ads, and I never caught the additional amount added to the mortgage!  How did you find this out?  Certainly seems to be VERY deceptive advertising to me...

Jan 13, 2009 11:41 PM