Beginning Saturday, September 26, and running through Sunday, October 4, 2009, new buyers that deposit on a new home during the event can lock in a 30-year fixed mortgage rate as low as 2.875% at no additional cost for up to 12 months at any one of Toll Brothers’ premier communities in Illinois.
The special mortgage rate begins at 2.875% for the first year, then moves to 3.875% in the second year, and remains at 4.875% for years 3 through 30 (4.752% APR).*
According to Toll Brothers, this mortgage incentive equates to real money in the buyer’s pocket. “At 2.875% during the first year, someone securing a $417,000 loan will have a monthly principal and interest payment of about $1,730,” says Christina Griffin, Business Development Manager for TBI Mortgage, Toll Brothers’ mortgage subsidiary. “This saves the buyer about $475 per month, compared to financing without a buy down.”
“Offering below-market rates and the 345-day lock is extraordinary,”
This deal is exclusively offered through TBI Mortgage Company and requires a minimum 20% down payment and a maximum loan amount of $417,000.* Conditions apply and interested buyers should consult a Toll Brothers sales representative for details. Jumbo loans also are available at a discounted interest rate and other programs and packages are available to meet the needs of all buyers.
Those interested can visit http://www.TollSalesEvent.com or http://www.TBIMortgage.com for more information. They can also call visit any of the company's new home communities in Bloomingdale, Elgin, Glenview, Hawthorn Woods, Morton Grove, North Aurora, or South Barrington to learn about specific details. Phone numbers and directions can be found on the event website.
In addition to the amazing mortgage rate program, as well as the high quality, luxury, and style of a Toll Brothers home, buyers will have the peace of mind that comes with choosing one of the nation’s most financially sound builders.
In fact, Toll Brothers was voted #1 among home builders in Quality of Products and Services, Quality of Management, Financial Soundness, Long-term Investment, and Use of Corporate Assets in FORTUNE® magazine’s World’s Most Admired Companies 2009. “People have faith in Toll Brothers because of our remarkable history and our impeccable reputation. It’s the reason we’ve enjoyed continued appeal even during challenging times,” says Kira McCarron, Chief Marketing Officer for Toll Brothers. “Anyone considering a luxury home purchase should make this event a priority. We’re already seeing signs of economic growth in this country, so it might not be long before this buyer’s market ends,” she added.
Although Toll Brothers is probably best known for its expansive single-family and estate homes, the luxury builder offers an amazingly wide range of home designs, including condominiums, carriage homes, and townhomes; and a vast palette of community types – such as urban, active adult, resort, and much more.
Toll Brothers, Inc. is the nation’s leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986, and expanded into the Chicago area in 1999. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 21 states.
Toll Brothers, a Fortune 1000 company, is honored 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 www.TollBrothers.com.
*For qualified buyers only. Valid for new buyers who deposit on a new Toll Brothers home in Michigan between 9/26 and 10/4, sign an agreement of sale by 10/14/09, and close on the home. Buyer must sign a Rate Lock Endorsement to the Agreement of Sale with Toll Brothers. Buyer must also enter into a Rate Lock Agreement and close with TBI Mortgage Company, a subsidiary of Toll Brothers, Inc. Any required rate lock fee will be due from the buyer at the time of settlement/close of escrow. Home must settle within the lock expiration date or lock terms subject to change. See tbimortgage.com for add'l licensing info. This is not an offering where prohibited by law.
