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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.
What trendy and highly unusual hotel must be totally rebuilt every year?
Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter.
Elizabeth BrienThe Charles Reinhart Company Realtors2355 W. StadiumAnn Arbor, MI. 48103Elizabeth Cell: 734.645.4444Bruce Cell: 734.476.1103Office Direct: 734.669.5989Office Switch: 734.665.0300Fax: 734.669-4145Email: brienteam@elizabethbrien.comElizabeth Brien is a dedicated champion for the achievement of the dreams and goals of her clients and their families. Elizabeth's keen ability to establish relationships with her clients, her vast marketplace knowledge, and her focus and effort, have resulted in a significant list of satisfied, and often repeat, clients. Elizabeth has over 29 years of experience throughout the entire residential market - new construction and re-sale of homes, condos and income properties. With over $65 million in sales in 2012, and $774 million in career sales, Elizabeth Brien was again the top-selling realtor in Washtenaw County and The Charles Reinhart Company in 2012. Please contact Elizabeth for information concerning the Ann Arbor and greater Washtenaw County areas, and for assistance in buying or selling a home in Ann Arbor, Saline, Dexter, Chelsea or any other part of Washtenaw County. She'll be happy to help in any way she can.
Elizabeth BrienThe Charles Reinhart Company Realtors2355 W. StadiumAnn Arbor, MI. 48103Elizabeth Cell: 734.645.4444Bruce Cell: 734.476.1103Office Direct: 734.669.5989Office Switch: 734.665.0300Fax: 734.669-4145Email: brienteam@elizabethbrien.com
Elizabeth Brien is a dedicated champion for the achievement of the dreams and goals of her clients and their families. Elizabeth's keen ability to establish relationships with her clients, her vast marketplace knowledge, and her focus and effort, have resulted in a significant list of satisfied, and often repeat, clients. Elizabeth has over 29 years of experience throughout the entire residential market - new construction and re-sale of homes, condos and income properties. With over $65 million in sales in 2012, and $774 million in career sales, Elizabeth Brien was again the top-selling realtor in Washtenaw County and The Charles Reinhart Company in 2012. Please contact Elizabeth for information concerning the Ann Arbor and greater Washtenaw County areas, and for assistance in buying or selling a home in Ann Arbor, Saline, Dexter, Chelsea or any other part of Washtenaw County. She'll be happy to help in any way she can.
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