Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Ferguson Realty Group, a proven Corinth, Denton, Coppell and Highland Village, Texas NUMBER1EXPERT™ Top Selling real estate agent.
Find Corinth, Denton, Coppell and Highland Village Homes - Find Corinth, Denton, Coppell and Highland Village, Texas real estate listings & homes for sale provided by The Ferguson Realty Group, your local expert real estate agent.
For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from The Ferguson Realty Group, a proven Corinth, Denton, Coppell and Highland Village, Texas NUMBER1EXPERT™ Top Selling real estate agent.
For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from The Ferguson Realty Group, a proven Corinth, Denton, Coppell and Highland Village, Texas NUMBER1EXPERT™ Top Selling real estate agent.
Corinth, Denton, Coppell and Highland Village Information - Find local information on Corinth, Denton, Coppell and Highland Village, Texas including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by The Ferguson Realty Group, a proven NUMBER1EXPERT™ Top Selling real estate agent.
Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from The Ferguson Realty Group, a proven Corinth, Denton, Coppell and Highland Village, Texas NUMBER1EXPERT™ Top Selling real estate agent.
About The Ferguson Realty Group - Information about The Ferguson Realty Group including testimonials, guarantees, credentials, and contact information. Learn why The Ferguson Realty Group is a proven Corinth, Denton, Coppell and Highland Village, Texas NUMBER1EXPERT™ Top Selling real estate agent.

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 |
Who is "Fannie Mae" and why is she a big name in real estate?
|
| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
See More Real Estate Trivia > |
|

 |
NUMBER1EXPERT
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|