September 5th, 2007 by tisner
Adjustable Rate Mortgages (ARM) are not very unpopular right now thanks to the media bashing them.
Adjustable Rate Mortgages (ARM) are not very unpopular right now thanks to the media bashing them. To make things worse, they currently (August 31, 2007) have higher rates than Fixed Rate Mortgages. This poses a problem for people that want a lower payment but now are demanding the secure rate of a Fixed Rate Mortgage.
The answer to this problem is found in Hyrbid Mortgages. These loans combine the security of a long-term rate with a lower payment in the early stages of the loan.
My favorite Hybrid Mortgage program is a 30 year Fixed Rate with 10 years or 15 years of Interest Only…. hence the Hybrid moniker.
The Features of the 30 year Fixed with Interest Only are:
- Lower payments than traditional 30yr Fixed
- Longer Interest Only period than most people remain in the same property
- Pairs great with any Mortgage Pay-off Program
Whatever your strategy is with your Mortgage Plan, this is Hybrid 30yr Fixed Rate Mortgage is a great loan to consider!
For more features and benefits, read more at: Florida Mortgage | Fixed Rate Loans with Interest Only Option
To purchase or refinance with this Mortgage today, contact your favorite Mortgage Broker Today!
More Florida Mortgage & Real Estate News You Can Use from
David A. Podgursky, MBA
The Mortgage Go To Guy!
Your Source for Residential and Commercial Mortgage Loans in Florida
Posted in Orlando Buyers | No Comments »
August 18th, 2007 by tisner
Purchasing a home in the Orlando Florida area can be overwhelming. There are many things you must take into consideration before purchasing your Orlando Florida home, including where, how much you can afford and what type of Orlando Florida home you will purchase.
Our Pledge to Orlando Buyers
Purchasing a home in the Orlando Florida area can be overwhelming. There are many things you must take into consideration before purchasing your Orlando Florida home, including where, how much you can afford and what type of Orlando Florida home you will purchase.
To provide unsurpassed service to help you buy your home at a fair market price, in the shortest time, with the least inconvenience to you, we will:
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Explain real estate agency relationships.Maintain communication during the term of the agreement.
- Analyze your property needs and desires.
- Orient you to current market conditions.
- Provide helpful community data.
- Explain local real estate practices and procedures.
- Provide information on lenders and financing alternatives.
- Search the local Multiple Listing Service for suitable properties.
- Coordinate appointments and show all properties of interest, whether the properties are our listings or not.
- Provide relevant market data as to fair market value of homes.
- Disclose all material defects of the property known.
- Explain the offer-presentation process.
- Deliver any state required Property Disclosure form.
- Carefully explain and prepare Offer to Purchase forms.
- Arrange to present all offers to seller in a timely manner.
- Strive to obtain the best possible price and terms for you.
- Explain post-purchase activities and responsibilities.
- Follow up on all post-purchase activities.
- Keep confidential any information that you designate in writing as confidential.
Call the Orlando Avenue Top Team at (407) 467-5155 for more information regarding purchasing an Orlando Florida home.
Posted in Orlando Buyers | No Comments »
