Vineyards Offers 2 percent Financing Incentive NAPLES, Fla. (Feb. 11, 2008) – Vineyards Development Corp is offering 2 percent financing to the first 10 homebuyers who purchase a new Vineyards home in 2008. The financing incentive results in thousands of dollars in savings and a lower monthly payment. The interest-only balloon mortgage is fixed for five years with a 20 percent down payment, making the monthly payment on a $699,900 home, $933.18. This incentive assumes a five-year interest-only $559,910 mortgage amount 80 percent loan-to-value with an APR of two percent. Payment does not include taxes, insurance or monthly association dues. This offer is for private financing interest-only balloon mortgage. There are no points or negative amortization, and a prepayment discount is available. Qualification is required, and prices and offer are subject to change without notice. This financing incentive cannot be combined with other consumer incentives offered by Vineyards. The financing may be used for the purchase of any new home in the Vineyards, including luxury estate homes and multi-family homes. Vineyards currently has a variety of new home products in four distinct neighborhoods including Hammock Isles, Avellino Isles, Vista Pointe and Venezia Grande Estates. Vineyards is an award-winning 1,375-acre gated residential community consisting of two 18-hole golf courses, 12 Har-Tru tennis courts, a 70,000-square-foot clubhouse, and single-family and multifamily homes priced from the high $600,000s to over $4 million. The Vineyards Corporate Center, which houses its sales offices, is located at 75 Vineyards Blvd., east of I-75 off Pine Ridge Road. For more information, please call (239) 353-1920 or (800) 749-1501, or visit www.VineyardsNaples.com. Full golf memberships to Vineyards Country Club are now available for a limited time. For more information on membership opportunities, call (239) 353-1500. |