|
"My family has known Barbara for years..."
"My family has known Barbara for years and our mothers are best of friends. Barbara had over +$40 million in sales last year and I noticed in the Greenwich Times recently that she was the top selling broker in Greenwich last year. Barbara is very well recognized, regarded and connected in Greenwich."
Charles J. Spiess - Attorney
You have a story to tell about me. You've worked with me, and I've helped you buy or sell a home. I need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell me how I did... 
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.
|
| Q |
What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
|
| A |
Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
