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Home Finance Options that Sell

March 16, 2009

                                               house image istock                  Over the weekend I previewed new construction homes.  One of the plats that I visited was offering 30 year fixed rate financing at 3.85%!   The homes were priced in the high $500’s to mid-$600’s.   Of the 10 homes in the plat there are only two remaining and probably by the end of the week only one. 

The site agent explained to me that this 3.85% rate offer has gotten smart buyers to make the move.   In order for the builder to offer this amazing interest rate they are paying approximately 5 points at closing for the buyer to buy down the rate.

Another finance program that got my attention was emailed to me by a lender I work with.   Here is what she had to say:

“Hi. I have heard everyone say that their client’s only want to buy if “they can get a deal”…well here is a pretty sweet deal!   We have a new loan to offer for any

Fannie Mae owned REO properties

Purchase as primary residence for 5% down, NO mortgage insurance and get this…NO appraisal.

Purchase as a second home or rental for 10% down, NO mortgage insurance and NO appraisal.”

For information on getting a “deal” on a home or any of these programs call at 206-200-9849

One Comment leave one →
  1. April 11, 2009 6:27 am

    excellent site this nwwineandrealestate.com brill to see you have what I am actually looking for here and this this post is exactly what I am interested in. I shall be pleased to become a regular visitor 🙂

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