Should You Take The $12,000 Financing Package Builder Pushes???
New Homes Raleigh NC
If it sounds too good to be true, it probably is!
Check carefully into any "free money" offers for new homes - and it sure doesn't hurt to get a second opinion before you sign on the dotted line. The newspaper and internet ads seem to leave off the fact that you're still paying, just in a different way!
It'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
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