Brookfield Homes Now Offers FHA Bridal Registry.SAN DIEGO--(BUSINESS WIRE)--Sept. 16, 1997-- Federally Insured Plan Offers Down-Payment Savings Plan For Newlyweds Shopping for a wedding present for this year's bride and groom just became more creative. The idea is so practical that most of us are wondering why it hasn't been done before. Del Mar Del Mar is the name of several places in the United States of America:
"Thanks to the creative FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). (Federal Housing Authority) Bridal Registry A bridal registry is a system designed by department stores for the purpose of allowing an engaged couple to manage the purchase of gifts for their wedding. From what is available at the store, the couple creates a list of items that they would like to receive, then the list is , today's newlyweds can be on their way to home ownership while they're off on their honeymoon," said Carlene Meads-Wilkie, vice president of marketing for Brookfield's San Diego/Riverside division. Basically, the FHA Bridal Registry lets friends and family contribute to a down payment on a home. Register for a home, instead of china, crystal or linens. This FHA sponsored program allows cash gifts to be deposited into a down payment savings account Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: , administered by Pioneer Savings in Irvine, Calif., that is interest bearing and federally insured. Checks are sent directly to the couple, who in turn cash the check and deposit the money into the Pioneer Savings account. So far, Brookfield Mortgage is the only builder in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County with this plan, but nationwide there are more than 50 lenders participating, according to David Loseke of WMC WMC Winter Music Conference WMC Weill Medical College (Cornell University) WMC Wisconsin Manufacturers and Commerce (Madison, WI) WMC Westchester Medical Center WMC Western Mining Corporation Mortgage. The program has been offered by Brookfield for more than a year. Meads-Wilkie says the FHA Bridal Registry makes sense because family and friends can continue to add to the nest egg Nest Egg A special sum of money saved or invested for one specific future purpose. Notes: Examples of the purposes for which nest eggs are usually intended include retirement, education, and even entertainment (vacations and cruises). after all the tossed rice has been swept up. "It's a smart, practical, and in the long-run, a very loving program for couples just getting started," said Meads-Wilkie, who noted that Brookfield is offering the program at several of their new home projects, including Summerfield in Temecula, Palermo in San Diego's coastal North County and Chase Ranch in South Corona. There is no time limit to how long the couple can hold the account. They can continue to deposit money into the account during their marriage, until they need to use it for their house. The corporate offices of Brookfield Homes are located in Del Mar, Calif. Brookfield Homes, the parent company of the three Brookfield Homes divisions, was established in Canada in 1953 and is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . CONTACT: Scribe Communications Jan Percival, 619/452-8958 |
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