Before You Go Shopping for a New Home, Know Exactly How Much You Can Spend!  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. In the pre-qualification process, you'll find out: - Exactly how much home or land you can afford. - How much cash you'll need for the down payment. - The minimum down payment, and advantages of higher down payments. - What the bank feels you can afford for a monthly payment. We help buyers pre-qualify for mortgages alal the time and all you need to do to get started is fill out the form below. We respect your privacy! We know this is your personal information. We will not distribute it to anyone other than to our mortgage broker. This service is provided free of charge and there's no obligation on your part. It's part of our job to offer services such as these. Once you fill out the form, we'll process your information quickly and get right back to you.
Part of our job as Realtors is to help you pre-qualify for your mortgage. It's a free service and there's no obligation...
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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Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
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The former estate of John Lennon in Palm Beach has two pools plus guest quarters. |
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