Hecht Development is offering no payments for two years on Hecht Development Inventory Lots. They will pay your interest payments for 2 years if you use Peoples Bank and the Hecht Development Attorney. Restrictions do apply and I can provide you with all of the details!
Two Year summary:
The loan is a standard vacant lot loan through Peoples Bank, the buyer has to have a down payment and qualify for the loan. The minimum downpayment is 10% for someone who plans to build in the near future. Peoples Bank may require more of a downpayment from Builders or Investors. The lot loan is set up for two years with interest-only payments. This will give the buyer time to get prepared to build, sell their current home and go through the planning and approval process. This allows for the buyer to roll this loan into a construction loan and start building after 24 months. The buyer could also go back to Peoples Bank to extend their lot financing or have it restructured for a longer term, if need be. Of course, after the first two years the payments would belong to the buyer. The theory behind this deal is that within two years our economy should be much better and during the two years the only costs the buyer has is property taxes and the homeowner association dues.
At closing, the interest payments for 24 months is computed, that money is deducted from the seller’s side of the closing statement and deposited with the bank. From that point until the end of 24 months, the money is debited from the account monthly to make the payments on the buyers lot.
This Special Deal is Available in the following Communities: Autumn Woods, Fairfield Forest, Bay Crossing, Fox Chase, Holly Pines, Kerns Meadow, James Plantation, Kerns Meadow Acreage Lots 1&2, Killian Crossing, Lakewood, Miners Creek, Stoney Ridge and Wynswept.
Call me for More Information on these Subdivisions and this Special Deal at (980) 722-4971 or E Mail at firstname.lastname@example.org! We have packages prepared that can also be sent via e-mail or mail on each community!