Toll Brothers 3% Mortgage Rate is Just The Frosting

PRLog (Press Release) - Aug 10, 2009 -
(NORTHERN CALIFORNIA) Getting a great value on luxury is just the frosting on the cake with the irresistible deals offered by Toll Brothers http://www.tollbrothers.com/homesearch/servlet/HomeSearch?cmpid=PR_080409, America’s luxury home builder, for one week only, August 8th through the 16th. Incentives vary by community, but the terrific deals are everywhere in Northern California. They include record low prices, low down payment options, impressive free upgrades and favorable financing options; including a low starting rate of 3% for a 30 year, fixed-rate mortgage. Now is the time to find amazing savings on Toll Brothers luxury homes – but be sure to act before August 16th.  Sale event details are available right now at TollSweetDeal.com http://www.tollbrothers.com/homesearch/servlet/HomeSearch...

Buyers can save $8,737 or more in the first two years with a phenomenally low 3% starter mortgage rate. Offered by TBI Mortgage, Inc.http://www.tbimortgage.com/?cmpid=PR_080409, this special financing offers a fixed-rate 30 year mortgage with a first-year rate of 3.0%, followed by 4.0% for the second year. For the remainder of the loan, buyers will benefit from the already-low rate of 5.0%, fixed for the full 30 -year term. It’s a plan that lets buyers ease into their mortgage payments, and a great way to save buyers thousands of dollars over those all-important first two years of ownership. With this mortgage, a home buyer borrowing $417,000 saves $5,765 in the first year with a 3% rate. Second year savings are $2,972 at 4%. By the time the mortgage reaches its 30- year fixed rate of 5% in the third year, that buyer has saved $8,737, enjoying lowered payments along the way.

Eligible buyers can enjoy additional savings through Federal tax credits up to $8,000, plus FHA financing options, which allow down payments as low as 3.5%. The Federal tax credit program offers a credit of up to $8,000 for homes priced over $80,000, with the total credit amount determined by the buyer’s modified adjusted gross income (MAGI). The tax credit program requires that buyers have not owned a home in the prior 3 years.


FHA Financing Allows Low Down Payments

Expanded FHA financing options present another limited-time incentive. President Obama has implemented the American Recovery and Reinvestment Act of 2009, which temporarily raised FHA loan maximums to amounts as high as $729,750. Down payments can be as low as 3.5% of purchase price; or just $13,000 down, for buyers of selected Toll Brothers homes. What’s more, all or part of the down payment can come as a gift from a relative. Communities which may be eligible for FHA financing options include Terraces at Dublin Ranch http://www.dublinranchterraces.com/?cmpid=PR_080409 and Sorrento at Dublin Ranch http://www.sorrentoatdublinranch.com/?cmpid=PR080409 in Dublin, Villas at Lundy http://www.tollbrothers.com/homesearch/servlet/HomeSearch?app=community_description&comm_num=5986&cmpid=PR_080409 in San Jose, plus Willow Glen Place-Terraces http://www.tollbrothers.com/homesearch/servlet/HomeSearch?app=community_description&comm_num=6286&cmpid=PR_080409 in San Jose.

It’s definitely the right time to get an irresistible deal from Toll Brothers, but time is running out. From now until August 16th, there’s no better opportunity to experience the luxury and quality of a Toll Brothers home. Incentives vary by community, so be sure to visit the sales office of the Toll Brothers neighborhood you’re interested in to hear the details. Communities in the South Bay, East Bay and El Dorado Hills are open daily from 10:00am to 5:00pm, with models open for touring. Find the best neighborhood for you right now at TollSweetDeal.com http://www.tollsweetdeal.com/?cmpid=PR_080409

Toll Brothers is the nation’s leading builder of luxury homes. The Fortune 1000 company operates in 21 states. Toll Brothers is the only publicly traded company to have won all three of the industry’s highest honors: America’s Best Builder, the National Housing Quality Award, and National Builder of the Year. For more information, visit TollBrothers.com http://www.tollbrothers.com/homesearch/servlet/HomeSearch?cmpid=PR_080409
This is not an offering where prohibited by law.