|
|
|
 |
Find Out About the Latest Vancouver, Camas and Battle Ground Area Homes for Sale Before Anyone Else! We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the area MLS, and even later on the national listings web sites, if at all. By signing up to receive our latest listings, I'll send you an email notice instantly -- as soon as our latest homes for sale go online. You'll find out first before other buyers. Get an email as soon as our new properties come on the market in Vancouver, Camas and Battle Ground! There's no obligation, and you can stop our emails with one click. Just fill out this form to get started. Please let us know exactly what you are looking for so we can match up your request. 
Financing Your Home >Mortgage Terms
New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.
Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.
|
| Q |
What is the world's most valuable piece of furniture?
|
| A |
The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
