Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
The Triplett Team are some of The
Top Selling Real Estate Experts Find Out More > |
|
|
 |
 |
Special Offers: Special offers for Jacksonville, St. Johns County
and Jacksonville Beaches homeowners from The Triplett Team, top Realtors |
 |
Affiliates: The Triplett Team's real estate web site affiliates |
 |
eNewsletter: The Triplett Team's Jacksonville, St. Johns County and Jacksonville
Beaches newsletter email will send you the latest real estate
information |
 |
Today's Real Estate News: Daily real estate news for this neighborhood, Florida, and United
States |
 |
Market Conditions Report: Market conditions report for this area, Florida, and United
States |
 |
Mortgage Calculator: Quickly calculate how much your monthly and total payments will be with this calculator provided by Homes.com. |
 |
TripleCalc: FREE Software
Download: TripleCalc lets you compare three loans at one time for your property
or other Florida real estate |
 |
Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
 |
Ask Anything: Ask The Triplett Team
anything real estate |
 |
NUMBER1EXPERTS: List of all the NUMBER1EXPERT
real estate agentss and realty professionals and brokers in the USA and Canada
with links to their personal web sites with homes for sale |
 |
Real Estate Tips: The Triplett Team's realty library of
real estate tips and advice on everything from preparing your home for sale to
negotiating with home buyers to escrow, closing costs, property inspections,
and mortgage brokers |
 |
Real Estate Trivia: The Triplett Team's collection of real estate trivia questions and
answers that include real estate topics such as the most expensive home,
largest swimming pool, and more |
 |
Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Jacksonville, St. Johns County and Jacksonville Beaches property in Florida,
including legal terms definitions, and more |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
Financing Your Home >The Margin on an ARM
When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.
Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.
If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.
|
| Q |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
|
| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
See More Real Estate Trivia > |
|
|
 |
|
All agents are NOT alike! Find out why we are top real estate experts. Call us today at 904-568-2022.
|

Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
|
|
 |
|
|