New home, small monthly payments


Sitting in the stack of presorted mail on my kitchen table is a photo of someones dream home.
The starburst on the front of the postcard is eye catching enough to make me flip it to the back side to read more. There is an attractive description of the features in the home and the location, but what’s missing is how I can get the $795 payment.

Typically, a new home builder will use what I describe as their “door buster” plan with very standard features to keep the price as affordable as possible. Combining that price with the best rate available on a mortgage program offered in their local market place they will make this offer.

In almost all cases this is not the time for a buyer to get excited. There are many variables when obtaining a mortgage such as a credit score, amount of down payment a buyer has to work with, and the amount of time a buyer may need to close all affecting the interest rate for the payment advertised.
Take the time to make the call to ask for the missing terms, since *full disclosure is required they will certainly have all of the information on hand.
New home builders are eager to keep their customers happy in high hope that you will be a referral source by telling your friends and family how satisfied you were during your  home buying experience.

Happy home shopping 🙂