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Find out what makes Doug the ONLY Number1Expert AND MegaStar Agent in Thurston County. Go to http://www.InterviewTheDougBurgerTeam.com.
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Find Out About the Latest Homes for Sale First!
I add my newest homes to this web site first. It can be some time before they appear on national listings web sites, if at all.
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We add my newest listings to this web site first. It can be some time before they appear on national listings web sites! By signing up to receive our latest listings, we'll send you an email notice instantly -- as soon as our latest homes for sale go online. You'll find out first, before other buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Just fill out the form to get started...
Financing Your Home >Watch Your ARMs Length Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
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| Q |
What is considered one of the few remaining tax shelters in the 1990s?
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| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
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