Construction to begin on Disney's Golden Oak homes

[Main Street USA]

The maximum loan is usually 417,000 for 3.5% down FHA loans. These will all be JUMBO mortgages with 20% down and interest rates as of today would be around 5%, as opposed to 4.25% or so for a conventional mortgage.

I am interested to see how Disney goes about marketing and selling these in this economy. Certainly not the time I would start a development like this, but I'm sure they did their due diligence before they took on a project like this.

Yeah, you can get a loan with "good" credit and 20% down for the 1.5 mil. The payments would be in the $7,000/month range, but that is before taxes.

 

[trr1]

do you have any spare change?