Update on Ruby Financing

Thinking of buying at Ruby on Eastlake?

Here’s the word from them on how they’re tackling financing:

Ruby has partnered with a local lender (Seattle Mortgage) that has committed to close homes with no presale requirement. We are also working with other regional lenders for additional commitments to close homes with no presale requirements. Further, with our aggressive pricing and seller financed rate buy-down’s for the first buyers, you can move in with payments as low as $1,124 per month. Ruby on Eastlake is both FHA and VA approved, so buyers can take advantage of every financial opportunity to get into new home ownership. Don’t forget the $8,000 Federal tax credit for first time buyers as well.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • Peckhammer

    “You can move in with payments as low as $1,124 per month.”

    I'm pretty sure that if I wait just a little longer, I can move in with payments as low as $800 per month, when the project is converted to apartments.When I can get a West facing apartment there for under $900 per month, please contact me.

  • EconE

    Whenever I have seen anything sold that uses the statement “payments as low as…” I know I'm getting set up to be played for a fool. It's the same tactic that boat and car salesmen have tried to use with me in the past. Now I know better.

    It's not about the “payment” it's about the price.

    Have we not learned our collective societal lesson yet?

  • Ross

    Agree completely with that. It always amazed me to look at car ads in the newspaper, and see only monthly costs advertised without details such as {required down payment, lease or finance, how many months, etc}. I am constantly amazed how such ads would work in anyone. You can get an arbitrary monthly cost, when you can fiddle with down payment and loan term. Why not just advertise $1/mo for the vehicles (but requires $20,000 down and a 200 year term). Sigh. This problem is caused because people forgot that *price is what matters*. Not monthly payments. Not perceived future appreciation. Not instant gratification.

  • Orangetown

    @ Ross. Wait, you know someone selling vehicles for $1/month? C'mon, hook a brother up. ;)

  • Ross

    Agree completely with that. It always amazed me to look at car ads in the newspaper, and see only monthly costs advertised without details such as {required down payment, lease or finance, how many months, etc}. I am constantly amazed how such ads would work in anyone. You can get an arbitrary monthly cost, when you can fiddle with down payment and loan term. Why not just advertise $1/mo for the vehicles (but requires $20,000 down and a 200 year term). Sigh. This problem is caused because people forgot that *price is what matters*. Not monthly payments. Not perceived future appreciation. Not instant gratification.

  • Orangetown

    @ Ross. Wait, you know someone selling vehicles for $1/month? C'mon, hook a brother up. ;)