Toll Bros is REALLY Offering 3.99% on a 30 Yr Fixed Mortgage
Posted on | January 21, 2009 | 12 Comments
On January 21st, 2009, Toll Brothers released a report stating that they are going to offer a 30 year fixed rate mortgage for 3.99%. The loan is only available for loans of $417,000 of less. To make the offer even better, it offers no points to the buyer. The quote by Toll Bros Mortgage, Inc CEO Don Salmon is priceless: “We think we’re going to create some excitement in the marketplace.” You think so?!?
The question is going to be, who will be able to apply and secure these loans. Toll Brothers is a luxury home builder, so I am sure they are going to cater to the home buyers who would be considered “luxury.” It is highly unlikely that anyone considered subprime will be able to get these mortgages. I guess “luxury” is no longer over $417,000. With the decline in housing prices, this does not surprise me at all. Please let us know if you are able to secure a Toll Bros mortgage rate of 3.99%.
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12 Responses to “Toll Bros is REALLY Offering 3.99% on a 30 Yr Fixed Mortgage”
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January 21st, 2009 @ 6:09 pm
[...] Random Feed wrote an interesting post today onHere’s a quick excerptOn January 21st, 2009, Toll Brothers released a report stating that they are going to offer a 30 year fixed rate mortgage for 3.99%. The loan is only available for loans of $417,000 of less. To make the offer even better, it offers no points to the buyer. The quote by Toll Bros Mortgage, Inc CEO Don Salmon is priceless: “We think we’re going to create some excitement in the marketplace.” You think so?!? The question is going to be, who will be able to apply and secure these loans. Toll Br [...]
January 21st, 2009 @ 6:49 pm
[...] news by unknown « VDARE.com: Blog Articles » Finally, Subprime Foreclosure Rates by [...]
January 21st, 2009 @ 7:01 pm
[...] Subprime Blogger » Toll Bros is REALLY Offering 3.99% on a 30 Yr … [...]
January 21st, 2009 @ 10:13 pm
[...] who all the fallen angels looked for leadership, waited. Beelzebub, who was second in command, sat Subprime Blogger Toll Bros is REALLY Offering 3.99% on a 30 Yr …On January 21st, 2009, Toll Brothers released a report stating that they are going to offer a 30 [...]
January 22nd, 2009 @ 1:34 pm
WE ARE LOOKING TO refianance for a range of interest some where in the 4% range. THANKS.
January 22nd, 2009 @ 2:09 pm
Come On In Toll Bros with your 3.99% home mortgage. Everyone is waiting for this. Yes Its exciting…especially homeowners who are over extended. This will get the economy rolling. We love you Toll Bros. Thanks so much.
January 22nd, 2009 @ 5:10 pm
Whats the catch? We have to buy one of your 400000 overpriced brand new homes in a market that is crashing. Keep your 4%. Ill save 200k on A 400K house from someone who needs to sell it and get a rate at 4.75%.
January 22nd, 2009 @ 7:08 pm
I am interested. How does one go about contacting Tolls Bros? This would make my world and get the country back to work again. Thank you Toll Bros, please contact me.
January 23rd, 2009 @ 5:21 pm
The reserves I have to cover emergencies such as a job loss leaves me unable to refinance. Simply can not afford the cost and risk. However it would be nice if qualified with good credit to refinance at 3.99 % or better and use the bailout money to the banks to cover the refinance cost. Depending on your credit score would qualify you 3.99% – 5.5% Banks would earn business and bailout money. Money saved would be put back in the economy whereas now it is not.
February 2nd, 2009 @ 6:45 pm
If you don’t have to buy one of their houses, then this may be there way to jump ahead of the government.
Based on the savings rates banks are offering now 2%, they could still make a small profit. Maybe instead of the government giving our money away, they should just lend it back to us at a lower rates to make it appear like we are getting a bargain. Dump all our money in one big bank, give home loans for 4 %, move a fair share of the loan money tied up to other banks, so they won’t have that as an excuse to free up for other loans. If they fail to free up money, then most likely the government will put them out of business. It appears tht we are heading closer and closer to socialism everyday.
So what choices do we have. Most of these politicians don’t care about anyone other than who can help them get what they want and themselves. The all make promises, that they don’t keep. Megan Kelly on fox made a coment today. If things keep going the way they are, who knows we make have another revolution. It’s a shame if that once again, we haven’t learned from history.
As for the stock market, I read a comment somewhere I thought was interesting. Where did all this money go ?
It just didn’t disappear !! I was an illusion. Speculators on wall street drove up prices, some of them took money they invested out, then the price dropped.
With technology today, it makes it easier to pull off this illusion. I could go on, and on. But to close.
We elect people to these positions to be our voice and look out for us. With something as important as these, there are a lot of intelligent people in the world. We may not know all the facts, but I’m sure some of the idea proposed to them could be useful. God Bless us all.
February 8th, 2009 @ 6:43 pm
[...] rate as these homebuilders will see funds elsewhere and will not be forced to offer rates like 3.99% that Toll Brothers has done. Thanks a lot President Obama and staff. Just what we needed, more houses being built [...]
March 31st, 2009 @ 7:16 am
[...] long after Toll Brothers announced a deal for 3.99% mortgage rates, Lennar follows by offering 3.625% for life! This is the lowest rate that the home builder [...]