Living year-round in a newly built, energy-efficient lakeside home is a practical choice wise home investors are pursuing now.

1. Lowest mortgage rates
The average rate for a 30-year fixed loan sank to 4.58 percent last week, according to Freddie Mac.  That is the lowest rate since the mortgage company began keeping records in 1971.  At this rate, the interest one would pay on a $400,000 mortgage would be $18,320 per year, a little more than $1,500 per month, and that $1,500 is tax deductible!

2. At-cost price tag

The award-winning builder of Newport Cove, New American Homes, will build a custom home AT COST on Newport Cove’s estate or lakefront home sites as long as the buyer pays full price for the lot and begins building before October 1, 2010. This is a tremendous savings, particularly when one considers that it includes a beautifully designed and appointed coastal-style home offering the latest in energy-saving technology PLUS access to a fresh water lake, walking paths and open “green” spaces on land served by a state-of-the-art sewer system.

3. Recreation & quality lifestyle

A lakeside home in a planned waterfront community near Chicago offers multiple advantages including recreation and quality time with family.  Fish, swim, take out the boat moored in Newport Cove’s private marina on Bluff Lake. Simplify your life with a beautiful new home in a serene setting.  There’s never been a better time to capture that dream.

To learn more call: 847-726-2727 and visit www.newport-cove.com

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