John Laing Homes Now Offering Reduced, Fixed-Rate Mortgages For A Limited Time

Laing Homes is offering homebuyers 30-year, fixed-rate loans at 5 percent, including a fixed 3 percent in the first year.

Financially it makes more sense to take the better interest rate than the lower home price.

Newport Beach, Calif. (PRWEB) February 16, 2008 -- Demonstrating its commitment to offering the lowest possible monthly payments, John Laing Homes is now offering a select number of reduced, fixed-rate mortgages at numerous Southern California neighborhoods through a special, limited-time program with its lending partner JLH Mortgage. John Laing Homes is offering homebuyers 30-year, fixed-rate loans at 5 percent, including a fixed 3 percent in the first year.

"A 30-year fixed-rate mortgage at five percent is nearly impossible to find today," said Patrick Higgins, vice president of sales for John Laing Homes. "By creating this limited-time program with our lending partner, we're now in a position to pass along an exceptional benefit to buyers throughout Southern California. We've offset many homebuyer concerns by guaranteeing lower monthly payments without any tricky financing."

Currently, the average loan rate for both conventional conforming loans and federally issued FHA loans is 6 percent. Higgins explained how a reduced fixed interest rate may save a homebuyer hundreds of thousands of dollars compared to a lowered home price.

"Over the course of a 30-year loan, a homebuyer will pay more for a $400,000 home at 6 percent, than a $450,000 home at 5 percent," he said. "Financially it makes more sense to take the better interest rate than the lower home price."

The initiative is another manifestation of John Laing Homes' aggressive and highly personalized approach to homebuilding, which emphasizes customized programs for meeting homebuyers within their respective life stage.

John Laing Homes is currently offering this opportunity at select move-in ready homes within seven of its neighborhoods throughout Southern California, including Palomar, Tremont and Breakaway in Oceanside; Avenue E in Santa Ana; Indigo in Marina del Rey; Fusion 5 in Chino; and Kona Road in Winchester.

For more information about John Laing Homes' Forward Commitment, home-shoppers are encouraged to click to www.JohnLaingHomes.com or speak with a John Laing Home Counselor by visiting a nearby Sales Office.

About John Laing Homes
With a tradition of quality dating back more than 150 years, John Laing Homes is one of the largest privately held homebuilders in the United States. John Laing Homes consistently ranks among industry leaders in overall customer satisfaction by J.D. Power & Associates, and enjoys the financial backing of its award-winning partner, Dubai-based real estate developer Emaar Properties. The homebuilder has earned numerous industry awards itself, including "America's Best Builder" for 2006 from Builder magazine, "2005 Most Admired Builder of the Year" from Big Builder magazine, "2004 Builder of the Year" from Professional Builder magazine, and "Builder of the Decade" in 2000 from independent research firm Eliant. Based in Newport Beach, California, John Laing Homes concentrates its homebuilding efforts in California, Colorado, Texas and Arizona. For more information, visit www.johnlainghomes.com.

# # #