|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 773-330-1519.
|
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 >
|
"...his marketing skills are second to none."
"We had a record attendance at our Brokers' open house and received an offer immediately afterwards."
Mimi Sugimura and John Brownell
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
|
|
 |
 |
Feature Homes: Homes, properties, & other real estate in
Lincoln Park, Lakeview and Andersonville and Illinois with virtual tours,
photos, and more. Serving Cook County Real Estate. |
|
Search All Local Listings: Search all Andersonville, Rogers Park and
Lincoln Park area MLS listings in Illinois from real estate
brokers |
|
National Listings Databases: Homes for sale in
national American USA web site listings databases of properties |
|
New Construction: New homes for
sale, new construction and newly built properties and real estate
subdivisions |
|
Unique & Luxury Homes: Home buyers, find luxury
homes, real estate, beach front properties, mansions, & acreage/land for
sale on these top national & international listings web
sites |
|
International Properties: Find international
homes for sale on these international/global real estate web sites from Canada,
Europe, France, Germany, UK, Great Britain, Spain, Italy, Asia, Africa, and
beyond |
|
Search ALL the Experts' Homes: Search the best local homes for sale from all the real estate
experts, agents, Realtors, and brokers |
Please Sign Up For The Latest Listings and the Latest Real Estate News
|
Financing Your Home >ARMs
Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.
Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.
|
|
| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
|
| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
