|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 920-428-2745.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
"Thank You For Helping"
"Brian and I would like to you for helping us with our house."
"Our dream house. "Brian, Mindy and family.
Read Quote >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
|
|
|
Meet Mike Morgen "I believe that working in the community where you live is a benefit to the people you work with. I have been assisting buyers with their real estate needs since 1981. I have experience with residential, new construction and multi-family home sales and purchases. I am involved within the community through my children's school, coaching basketball and baseball, my church and other social organizations. I enjoy assisting sellers and buyers in achieving their real estate goals. I feel that my community involvement is a benefit to people relocating to the Fox Cities area. I look forward to working with you with all your real estate needs."  | • | Assisting buyers and sellers with their real estate needs since 1981 | | • | Local and national relocation service | | • | Senior Sales Associate Award recipient for Coldwell Banker The Real Estate Group, Inc since 1992 | | • | Coldwell Banker, The Real Estate Group, Inc. - Pinnacle Award Winner | | • | Coldwell Banker 2007 International President's Circle Award Recipient - awarded to the top 3% of Coldwell Banker sales associates internationally | | • | Member of National Assocation of REALTORS, Wisconsin REALTORS Association, and REALTORS Association of Northeast Wisconsin since 1986 | | • | CRS designation - Certified Residential Specialist
What Is The CRS Advantage? | | • | GRI designation - Graduate REALTORS Institute |
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 mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
|
| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
