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
Finding Your New Home in the Raleigh Area
Stanton Homes makes it easy! We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations, with a focus on new custom homes in the upper $100s to the $500s. Custom design build options available too!
Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.
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Articles copyright Stanton Homes 2006-2011. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
That's a good point about the second phase being a lower price. In our market they would be force to sell at a lower price or stop building. I have also found many builders lenders tend to make more on the back end of the loan. Which they usually own and/or control.