|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 512-990-3660.
|
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 >
|
Thank You, Larry English!
My husband was impressed right away with Larry's friendly and relaxed demeanor
Tim and Brenda Wendel
Read Quote >
View All Quotes >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
The Larry English Team are some
of The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
Financing Your Home >Convertible ARMs
Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.
Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.
|
|
| Q |
Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
|
| A |
El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA". |
 See More Real Estate Trivia > |
|
|
|
|
-
NUMBER1EXPERTS™ 
