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So, you're heading out for the first trip to actually view homes. How exciting! After your first 3 homes, they all start to seem to blend. Believe me, we have shown properties to many, many buyers. We have a system to keep you focused and aware of the features of each home. Below is a sample of the home buyer score card that we use...the secret to remembering the homes you see. Register for a clear copy of the score card. |  | | | Register below for a copy of the House Hunter Score Card | |
Are you interested in receiving the House Hunter Score Card?
For free copy of a score card, please register below. 
Financing Your Home >More On ARMs
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.
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Legend has it that when Brigham Young first saw this city in 1847, he exclaimed: "This is the place!"
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Salt Lake City, Utah. |
 See More Real Estate Trivia > |
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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