Request My Free Relocation Package! Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate! Find Out More > View All Offers >
Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.
One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.
Do These Real Estate Tips Really Apply to YOU?
I've learned these tips through years of experience as a top real estate agent. But I know that YOUR situation might be different. That's why I'm here.
It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation.
Do any of these tips raise questions for you? Didn't find what you're looking for? Let me know! I am happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
Mike Hicks Keller Williams Realty East Idaho 3525 Merlin Drive Idaho Falls, ID 83404 Office: 208-529-8888 Home Office: 208-227-5320 Fax: 208-529-8893 Email: mikehicks@kw.com Email : idahofallsmike@gmail.com
A Tennessee native, when you get Mike you get someone who fosters the idea of Southern Hospitality combined with the comforting knowledge that all of the details will be closely managed. Honesty, integrity, trust, dependable, thorough, personable, incredible experience and highly professional are some of the words & phrases commonly used by clients and peers to describe my service. We have to prove those high levels each and everytime we help someone whether it's simply to answer questions or to assist through a real estate event. There is no higher testament to our high service levels than the fact over 90% of my business comes from repeat and referred clients. Give me a try and find out why!
www.IdahoFallsProperty.com is brought to you by
Mike Hicks NUMBER1EXPERT™ in real estate for
Idaho Falls, Idaho
- NUMBER1EXPERT™ 
