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July 12, 2011 at 12:31 PM #710512July 12, 2011 at 3:24 PM #709381AnonymousGuest
But what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?
July 12, 2011 at 3:24 PM #709477AnonymousGuestBut what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?
July 12, 2011 at 3:24 PM #710076AnonymousGuestBut what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?
July 12, 2011 at 3:24 PM #710230AnonymousGuestBut what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?
July 12, 2011 at 3:24 PM #710591AnonymousGuestBut what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?
July 12, 2011 at 7:21 PM #709416ocrenterParticipant[quote=SavvyShopper]But what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?[/quote]
Well, it depends on your financial status. If you barely qualifies right now, it prob is to your benefit to get the deal done now. But if you got rock solid numbers, it may be to your advantage to wait pass that date. The lower limit on jumbos might actually help you get rid of some competition. Of course, i’m not a loan guy so you will be better of talking to someone in the industry.
My point is this: Toll is going to attract away a lot of your current competition, especially folks who will be able to qualify for the new jumbo range just fine. The only reason serenity has been able to sell at their current pricing point is because there has not been any viable competition nearby. And seriously, serenity homes on lots with deficiencies asking for around $900k? Just not a good deal, period.
July 12, 2011 at 7:21 PM #709512ocrenterParticipant[quote=SavvyShopper]But what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?[/quote]
Well, it depends on your financial status. If you barely qualifies right now, it prob is to your benefit to get the deal done now. But if you got rock solid numbers, it may be to your advantage to wait pass that date. The lower limit on jumbos might actually help you get rid of some competition. Of course, i’m not a loan guy so you will be better of talking to someone in the industry.
My point is this: Toll is going to attract away a lot of your current competition, especially folks who will be able to qualify for the new jumbo range just fine. The only reason serenity has been able to sell at their current pricing point is because there has not been any viable competition nearby. And seriously, serenity homes on lots with deficiencies asking for around $900k? Just not a good deal, period.
July 12, 2011 at 7:21 PM #710111ocrenterParticipant[quote=SavvyShopper]But what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?[/quote]
Well, it depends on your financial status. If you barely qualifies right now, it prob is to your benefit to get the deal done now. But if you got rock solid numbers, it may be to your advantage to wait pass that date. The lower limit on jumbos might actually help you get rid of some competition. Of course, i’m not a loan guy so you will be better of talking to someone in the industry.
My point is this: Toll is going to attract away a lot of your current competition, especially folks who will be able to qualify for the new jumbo range just fine. The only reason serenity has been able to sell at their current pricing point is because there has not been any viable competition nearby. And seriously, serenity homes on lots with deficiencies asking for around $900k? Just not a good deal, period.
July 12, 2011 at 7:21 PM #710265ocrenterParticipant[quote=SavvyShopper]But what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?[/quote]
Well, it depends on your financial status. If you barely qualifies right now, it prob is to your benefit to get the deal done now. But if you got rock solid numbers, it may be to your advantage to wait pass that date. The lower limit on jumbos might actually help you get rid of some competition. Of course, i’m not a loan guy so you will be better of talking to someone in the industry.
My point is this: Toll is going to attract away a lot of your current competition, especially folks who will be able to qualify for the new jumbo range just fine. The only reason serenity has been able to sell at their current pricing point is because there has not been any viable competition nearby. And seriously, serenity homes on lots with deficiencies asking for around $900k? Just not a good deal, period.
July 12, 2011 at 7:21 PM #710626ocrenterParticipant[quote=SavvyShopper]But what do you think about waiting past Sept. 30 when the eEconomic stimulus plan expires, so does the larger Jumbo Conforming loans. By waiting I am concerned we will be paying more for the loan both in down payment and interest rates. And on top of all the extras at Toll Brothers, this could get very expensive (150k + more in costs than Serenity) plus a higher interest rate? Not sure it thats the smart thing to do. What do you think?[/quote]
Well, it depends on your financial status. If you barely qualifies right now, it prob is to your benefit to get the deal done now. But if you got rock solid numbers, it may be to your advantage to wait pass that date. The lower limit on jumbos might actually help you get rid of some competition. Of course, i’m not a loan guy so you will be better of talking to someone in the industry.
My point is this: Toll is going to attract away a lot of your current competition, especially folks who will be able to qualify for the new jumbo range just fine. The only reason serenity has been able to sell at their current pricing point is because there has not been any viable competition nearby. And seriously, serenity homes on lots with deficiencies asking for around $900k? Just not a good deal, period.
July 12, 2011 at 7:31 PM #709421kcal09ParticipantOne of the main attraction of the Toll Brother homes is that you can build any model on any lot. Serenity did not have this option. The quality of the Serenity homes is mediocre, Toll has a reputation for good quality homes. I think that as long as they offer some incentives for upgrades they will attract a lot of buyers who are looking for larger homes. The only downside is the remote location and the MR.
July 12, 2011 at 7:31 PM #709517kcal09ParticipantOne of the main attraction of the Toll Brother homes is that you can build any model on any lot. Serenity did not have this option. The quality of the Serenity homes is mediocre, Toll has a reputation for good quality homes. I think that as long as they offer some incentives for upgrades they will attract a lot of buyers who are looking for larger homes. The only downside is the remote location and the MR.
July 12, 2011 at 7:31 PM #710116kcal09ParticipantOne of the main attraction of the Toll Brother homes is that you can build any model on any lot. Serenity did not have this option. The quality of the Serenity homes is mediocre, Toll has a reputation for good quality homes. I think that as long as they offer some incentives for upgrades they will attract a lot of buyers who are looking for larger homes. The only downside is the remote location and the MR.
July 12, 2011 at 7:31 PM #710270kcal09ParticipantOne of the main attraction of the Toll Brother homes is that you can build any model on any lot. Serenity did not have this option. The quality of the Serenity homes is mediocre, Toll has a reputation for good quality homes. I think that as long as they offer some incentives for upgrades they will attract a lot of buyers who are looking for larger homes. The only downside is the remote location and the MR.
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