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Saturday, December 18, 2010
Tuesday, June 29, 2010
New Home Builders Mortgage Update
New Home Builders Mortgage Update
When you’re buying a home from a builder putting in a new development, the mortgage process is very similar to the process for buying an existing home.
The big difference is the availability of pricing locks over an extended period1. This gives you protection from financial market fluctuations over the time your new home is being built.
Other highlights include:
•If qualified, up to 95% financing of the construction cost of your primary residence (certain restrictions apply)
•Expanded lock-in options of up to 12 months1
•Multiple product options are available for permanent financing
Of course, we’re here to help you, so contact us at any time if you have questions.
203-681-1240
When you’re buying a home from a builder putting in a new development, the mortgage process is very similar to the process for buying an existing home.
The big difference is the availability of pricing locks over an extended period1. This gives you protection from financial market fluctuations over the time your new home is being built.
Other highlights include:
•If qualified, up to 95% financing of the construction cost of your primary residence (certain restrictions apply)
•Expanded lock-in options of up to 12 months1
•Multiple product options are available for permanent financing
Of course, we’re here to help you, so contact us at any time if you have questions.
203-681-1240
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