|
"Greg is very accessible, particularly via e-mail"
"I've known Greg professionally for several years. Greg has a wealth of real estate experience, which I have found very valuable in my real estate purchasing, he also has industry contacts that are useful (home inspections, mortgage brokers, etc). Greg is very accessible, particularly via e-mail. We were able to look at homes conveniently based on my schedule and the seller’s schedule, Greg was persistent in setting the appointments. Negation skills - Greg was able to provide suggestions based on his experience. One benefit that I found with using Greg - was his ability to remain neutral and provide advice... buying a home can be quite emotional - Greg did a great job of remaining unbiased and factual... ultimately it is your decision as to the house you buy - I was glad to have Greg's assistance."
"JWitmer Lancaster PA"
Tell me how I'm doing!
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 >Watch Your ARMs Length
Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
|
 |
| Q |
Who received the largest land grant ever given to an English subject for only two beaver skins per year?
|
| A |
William Penn, the Quaker leader, received Pennsylvania and Delaware to settle a debt owed his father by King Charles II. |
See More Real Estate Trivia > |
|
|
|