Lennar Offers a Deal

National homebuilder Lennar is offering a deal: a 30 year fixed rate mortgage at 4.875% if you purchase one of their homes using their preferred lender. Plus, they are paying up to 6% towards closing costs. An interest rate this low is worth a serious look, as it will boost buying power significantly.
There is, of course voluminous fine print attached to the deal - read carefully and review with your real estate agent. Another note of warning: Lennar is on the Ailing/Watch list over at Builder-Implode.com. DO YOUR RESEARCH on any Lennar neighborhood you are considering. I've read some horror stories about people contracting for new homes, and the builder going out of business mid-construction, leaving unfinished homes and neighborhoods with half-built streets, pools, and clubhouses.