Thursday, August 14, 2008

Why Buy Right Now?

It is a great time to buy! Buy before these changes to FHA financing take effect October 1st:

*Minimum downpayment is increasing from 3% to 3.5%

*Many sources of down-payment assistance will no longer be available

*Long Companies’ Home Closing Guarantee:
On Time Closing & Closing Costs Guaranteed

Your Home Closing Guarantee Includes:
On Time Closing Guarantee 1 - If your loan from Long Mortgage doesn’t close on your new home by the initial close date stated in your purchase contract due solely to Long Mortgage or Long Title delay, we will at closing either (1) reimburse you one monthly principal and interest payment OR (2) credit you $1,000 toward closing costs, whichever is greater.

Closing Cost Guarantee 2 - Should your actual closing costs be OVER the amount quoted in the Good Faith Estimate, we will credit you the difference at closing.

A full title search & commitment on lot and block property that you are purchasing within 48 hours after receipt of the order from escrow.

Sufficient time to approve your title commitment during the inspection period.

A LSR (Loan Status Report / Conditional Loan Approval) will be in your hands at no additional cost prior to your property search.

No charge for your appraisal should your contract fall through during the inspection period.

To put Long Companies’ Home Closing Guarantee to work for you, please contact a Long Mortgage Consultant, Tony Poe, at 520-918-1651 or email at tonyp@longmortgage.com

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