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We are still amazed...
We think that you did a great job. We enjoy visiting with you and Cindy and hope that you let us know when you come our way. We would love to see you. We are still amazed at how quickly and efficiently the sale was completed
laudia & Frank Gilbert
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Financing Your Home >Hybrids Offer Low Rates In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.
Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.
Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.
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| Q |
What is the longest construction time for a private residence?
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| A |
The Winchester House in San Jose, CA, was under construction for over 38 years. |
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Steve Gronlund- Vintage Mortgage Group
Their goal is to assist our clients and their families in selecting the proper mortgage loan program to meet their long-term financial objectives.
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