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

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.

Posted by Fort Worth Real Estate - - - Karen Anne Stone on 08/23/2008 11:59 PM

Comments (17)

special financing thirty year fixed with a two one buydown

Post is included in group: Texas Real Estate

17 Comments on Are You a Buyer Who is Very "Payment Shy ?"

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

08/24/2008 12:03 AM

by Seattle Realtor Courtney Cooper Seattle Real Estate, Seattle Washington (Seattle Real Estate: Cooper Jacobs Real Estate Services)

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

08/24/2008 12:41 AM

by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)

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

08/24/2008 01:05 AM

by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)

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

08/24/2008 04:51 AM

by Susie Blackmon-Maggie Valley Waynesville NC Realtor/RE Blogger/Photographer (COLDWELL BANKER Kasey & Associates)

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.

08/24/2008 10:52 AM

by Gary Woltal - REALTOR® Dallas Ft. Worth (Keller Williams Realty)

Now THAT guy wants to move his houses!!

08/24/2008 11:04 AM

by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)

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

08/24/2008 11:14 AM

by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)

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.

08/24/2008 11:15 AM

by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)

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...

08/24/2008 11:16 AM

by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)

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 !

08/24/2008 11:17 AM

by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)

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.

08/24/2008 02:26 PM

by Ruthmarie Hicks (Keller Williams Realty)

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.

08/24/2008 08:38 PM

by Carol Smith (Soon to be Keller Williams Preferred Realty)

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!

08/24/2008 10:27 PM

by Lindsey Hasford (Coldwell Banker Vision)

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!

08/25/2008 05:41 AM

by Real Estate Specialist | Brandon, FL | Susie Roscoe (Signature Realty Associates)

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

08/25/2008 09:17 AM

by John Cannata (Reliant Mortgage Ltd)

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.

08/25/2008 11:26 AM

by Elizabeth Weintraub, Sacramento Real Estate Broker (Lyon Real Estate)

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.

08/25/2008 11:52 AM

by Chris Ann Cleland, GRI (Long & Foster)

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