Reports this month indicate that the average 30-year fixed rate mortgage will range between 6.1 to 6.8 percent throughout the rest of the year. High interest rates impact your buying power and your monthly payments. Fortunately, many Balmoral builders are riding to the rescue with incentives that will lower your monthly payments, reduce closing costs and even lower the cost of your new home. Check them out.
Brightland Homes
Roll Back Sales Event
Brightland Homes is rolling back the clock to a time when interest rates were lower. From now through July 21, the builder is offering an interest rate buy down on inventory homes that allows you to pick your rate such as 3.94 percent, 4.49 percent or 5.49 percent on a fixed-rate loan. Plus, you will receive $10,000 toward closing costs. Prefer to build from the ground up? Brightland is offering up to $60,000 to use toward options and financing.
Chesmar Homes
Virtual Consultation
Want to learn how to pay no interest for the first six months you own your new Chesmar home? Schedule an appointment with a New Home Consultant today.
Lennar
July Sales Event
Take advantage of Lennar’s fantastic offers from now through July 21. Finance through Lennar Mortgage Plus to lock in an FHA fixed rate of 4.25 percent (5.377 percent APR), up to a $40,000 price reduction and $6,000 toward closing costs.
Long Lake Ltd.
Lock in Interest Rate
For a limited time, the builder will help you lock in a low 4.99 percent interest rate when you purchase one of their select inventory homes.
