|
"Hello from Tom and Elaine. We know that you are interested in buying or selling. So are we! Discover Tom and Elaine. It's easy- call 256 714-2220."
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
The Tom & Elaine Team
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Read What People Are Saying About Us We always ask our clients to write or email us, and tell us truthfully how they appreciated our service to them. Their feedback is so important! Here are a few highlights of what people are saying about us...
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
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 |
Where would you go to enjoy a soak in the world's largest bathtub?
|
| A |
The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time. |
 See More Real Estate Trivia > |
|
|
The Tom & Elaine Team
Keller Williams Realty
2410 L&N Drive, Suite C
Huntsville, AL 35801
256 714-2220
Fax: 256-705-0780
TomandElaine@NUMBER1EXPERT.com
The Tom and Elaine Team, including Gloria and Cheryl are successful Realtors and successful Administrative staff, but even better, they are successful at life. They love working so that their clients have a stress-free process in moving from one home to another. They have values and they put those values to work: integrity, honesty, truthfulness and teamwork. Then they toss in friendliness and just plain fun! It all adds up to success for everyone.
www.TomAndElaineHomes.com is brought to you by
The Tom & Elaine Team
NUMBER1EXPERT™ in real estate for
Huntsville, Madison, Hampton Cove and Owens Cross Roads, Alabama Read The Tom & Elaine Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
