You have the opportunity to make your Satori dream home a reality. For a limited time Satori is offering exclusive financing options as an incentive during our Fall Sales Event. When you combine these incredible incentives, prime buying conditions and the Satori experience you can't fail. Clear your mind and download our fall sales event packet. Our sales team will contact you, or if you wish, just use our Contact page. These finance options will not last forever. Click, download, contact before it's too late.

But wait a minute...you have questions.

As a home buyer you probably have questions. We understand and want to answer them. Listed below are some of the common ones. However if you are an uncommon buyer, like many Satori buyers, you may have additional ones. If you do, Contact us directly.

Frequently Asked Questions:

Why buy a home now?

1. Aspen Hills will provide special financing for buyers.
2. Interest rates are down and that could save you $1000’s over the life of your loan.
3. Current slower appreciation creates great potential for future equity.
4. “Most people buy in an up market; smart people buy in a down market.” —Donald Trump
5. “You make your money when you buy real estate not when you sell.” —Rich Dad Poor Dad

What if I already own a home?

1. Once an Aspen Hills home is purchased our sales team helps you transfer the “$0 Down – Reduced Payment Option” to your existing home. You sell now (fast) and get top dollar for your house by offering lower payments.
2. Rent your home and sell it in a seller’s market.
3. We’ll show you how to sell your current home in an up market and buy now while prices are low (the best of both worlds).

What happens in 3 years with the Second Mortgage on the “$0 Down – Reduced Payment Option?

Depending on the market and your personal situation you could do any of the following:

1. Leave your 1st mortgage as it is and convert the 2nd mortgage to a monthly payment with no need to qualify. The conversion rate would be prime plus 2% at the time of conversion. (Current prime = 4.75% + 2% = 6.75%)
2. Refinance your home or take out a home equity loan to pay off the 2nd mortgage.
3. Sell your home and keep the remaining equity.

How do I purchase a home “No Credit Check-5% Down”?

• 1. With 5% down (payable monthly during the course of construction ifhome.

The Facts About Mortgage Lending:

• The homeownership rate remains near record levels, at 98.9%.
• 35% of homeowners own their home outright; 49% are in fixed rate loans. That leaves 16% of homeowners with adjustable rate products. Only 5% of homeowners are non-prime borrowers with adjustable rate loans.
• ARM products have a long and successful history and nontraditional products have allowed many first-time homebuyers to own their homes.
• About 1 percent of all loans are in the foreclosure process, well within historical norms, despite the record number of homes sold in the last 3-5 years. This is down from the post recession peak of 1.5 percent.
• Three out of every four loans that enter the foreclosure process do not wind up as a foreclosure sale, either through the homeowner curing the delinquency, a workout between the lender and borrower, a refinance or a voluntary sale of the home.
• The number one cause of delinquencies and foreclosures is job related, as we can see in the Midwest, which has seen a significant number of manufacturing jobs lost.
• There is no evidence that the increased delinquency and foreclosure rates are the result of hybrid ARMs or nontraditional products, such as interest-only and payment-option mortgages.
• Historically, delinquency rates tend to peak in the first 3-5 years after origination. With more than half of all outstanding loans less than three years old, it stands to reason delinquency and foreclosure rates may rise as they age.
• Nonprime borrowers have always had a higher delinquency and foreclosure rate. Nonprime borrowers are also a higher share of ARM borrowers, thus it stands to reason that nonprime ARMs have a higher delinquency rate.
• Lenders want to lend money to borrowers who are willing and able to pay the loan back. Each time a foreclosure sale occurs, it typically costs a lender 30 to 50 percent of the outstanding loan balance, so everybody loses when a home goes into foreclosure the borrower gets a black mark on his or her credit, the lender and investor lose and the community loses.
• Between $1.1 trillion and $1.5 trillion of ARMs could potentially reset in 2007. Of those, $600 billion-$700 billion will refinance prior to or at reset, thus the borrower will not face a payment increase. The remaining $500 billion-$800 billion will actually reset. It is important to note, however, with short term rates rising, more borrowers are moving to fixed rate loans.
• The marketplace is working. The volumes on many nontraditional products have not been this high before. As a result, investors, rating agencies and lenders have tightened underwriting standards.