|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 904-434-3800.
|
Find Out About the Latest Homes for Sale First!
We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Eric Sotolongo and The Property Pros Team
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Welcome > Sitemap >
About Eric Sotolongo and The Property Pros Team ...
About Eric Sotolongo and The Property Pros Team:
About Eric Sotolongo and The Property Pros Team - Information about Eric Sotolongo and The Property Pros Team of North Florida, Jacksonville, St. Johns County and Orange Park, Florida Testimonials - Read what Eric Sotolongo and The Property Pros Team's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Florida home buying & property selling information is guaranteed by Eric Sotolongo and The Property Pros Team. Privacy Guarantee - This North Florida, Jacksonville, St. Johns County and Orange Park real estate web site will respect your privacy, guaranteed by Eric Sotolongo and The Property Pros Team. No Obligation Guarantee - Eric Sotolongo and The Property Pros Team's real estate help by email is free & without obligation for North Florida, Jacksonville, St. Johns County and Orange Park home owners in Florida. For Real Estate Agents - Let Eric Sotolongo and The Property Pros Team help you with your professional real estate broker and agent needs in the North Florida, Jacksonville, St. Johns County and Orange Park area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Eric Sotolongo and The Property Pros Team. Go to Main Sitemap - Main sitemap sections include Find North Florida, Jacksonville, St. Johns County and Orange Park Homes, For Home Buyers, For Home Sellers, North Florida, Jacksonville, St. Johns County and Orange Park Information, Real Estate Resources, and About Eric Sotolongo and The Property Pros Team. 
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 house is considered to be the first house with running water in America?
|
| A |
John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
|
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
