Utah County Real Estate

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Lenders now offer mortgages that are blends of short-term adjustable rate mortgages (ARMs) and 30 year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan. Many of these loans revert to a 1 year adjustable rate at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. These loans can help you buy a more expensive house, but ask for professional advice regarding the terms and the potential risks. October 29, 2006 - Understanding Shorter Term Mortgages October 10, 2006 - When It's A Business Move September 11, 2006 - A Second Home for Fun and Profit August 27, 2006 - Selling Competitively August 14, 2006 - Money Does Grow on Trees July 30, 2006 - Secrets of Successful Negotiation July 11, 2006 - Real Estate Return on Investment June 28, 2006 - Selling Competitively June 28, 2006 - The Capitol's Loss is Your Gain June 26, 2006 - Getting Pre-approved For a Loan June 23, 2006 - How To Interview a Realtor June 22, 2006 - A Matter of Chemistry June 20, 2006 - New Home Environment Stresses "Quality of Life" June 19, 2006 - Evaluating the Competing Offers June 16, 2006 - Details, Details June 15, 2006 - Sellers Earn 16% More By Using An Agent June 14, 2006 - Signs of a Seller's Market June 13, 2006 - Taxes and Your House June 12, 2006 - Agency Disclosure Laws

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