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Old 2006-03-14, 04:19 PM
MIKEANDELIZABETH2 MIKEANDELIZABETH2 is offline
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Default UPGRADES

What is the amount that you must down for upgrades? Do you have to put anything down? or can up to a certain amount get amnended onto the mortgage?
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Old 2006-03-14, 05:18 PM
jam triboluminescence jam triboluminescence is offline
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At our appointment, we were told that 50% of the cost of upgrades (minimum of $10,000) in excess of the $10,000 credit could be added on to the purchase price of the house/mortgage.
For example, if you received the $10,000 in free upgrades and also purchased an additional $12,000 in upgrades, $6,000 could be added on to your purchase price of the house. The remaining $6,000 has to be paid at your appointment I believe.

They also mentioned something about paying a certain amount of money (kind of like a penalty/administration fee) to amend your purchase price if you did not exceed the second $10,000 in upgrades. Don't quote me on this, we were not in this situation so I can't remember exactly.
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