Posted by Charm_AL on 9/14/05 9:57am
Msg #65123

interesting...Counrtywide...

sent us an e-mail introducing their builders cap rate. It's a lock in extended for 2 years while you are building. Provided of course if you use a construction outfit pre approved by C.W.
If the rate drops you can float down...there is a fee due at time of lock, but it is applied to the pre-paids or closing costs...more like a deposit.
hmmmm...makes me feel like looking at new construction.