Horsham, PA (Vocus) February 23, 2009
Toll Brothers, Inc. (NYSE:TOL) (http://www.tollbrothers.com)], the nation's leading builder of luxury homes, expects an enthusiastic response to its new "Mortgage Protection Plan". The plan is designed to provide Toll Brothers' home buyers with greater financial security, by paying their mortgage in the event of a job loss.
The Mortgage Protection Plan is provided at no cost to Toll Brothers' home buyers who sign an Agreement of Sale on or after February 20, 2009 and who finance their new home through TBI Mortgage® Company. It covers up to $2,500 in monthly mortgage payments for 6 months if the new homeowner suffers a covered job loss within the first two years after closing on their new Toll Brothers home.
"We are pleased to offer this exciting new benefit to new Toll Brothers' home buyers. This terrific program should help more buyers take advantage of this once in a lifetime Buyer's Market. With great home bargains, unbelievable interest rates and now the comfort that comes with this program, there really will be no better time to buy a home," said Kira McCarron, Senior Vice President & Chief Marketing Officer of Toll Brothers, Inc.
For more detailed information please contact a Toll Brothers' sales representative or visit TollBrothers.com.
Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL". The Company serves move-up, empty-nester, active-adult and second-home home buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia and West Virginia.
Toll Brothers builds luxury single-family detached and attached home communities, master planned luxury residential resort-style golf communities and urban low-, mid- and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
Toll Brothers, a FORTUNE 500 Company, is the only publicly traded national home building company to have won all three of the industry's highest honors: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award, and Builder of the Year.
For a complete list of Toll Brothers communities nationwide visit TollBrothers.com.
This is not an offering where prohibited by law.
Kira McCarron, Sr. VP & Chief Marketing Officer