|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 716-846-9401.
|
Get Free Presentation On Our Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
"You Made Us Feel We Were Your Only Clients"
"Every problem that came Mary Schemm handled efficiently and professionally"
"Every problem you handled efficiently"
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Mary Certo and Mary Schemm are
some of The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
 |
About Buffalo: Moving to Buffalo, New
York? Get info here... |
|
About Clarence: Relocating to Clarence,
New York? Get info here... |
|
About Amherst: Planning a move to
Amherst, New York? Get info here... |
|
Maps & Links: Useful maps and links are
on this page.... |
|
Things To Do: Arts, dining, and
entertainment links can be found here.... |
|
Local Weather: Daily forecasts and
average local temperatures are on this page... |
|
School Reports: Reports for Buffalo, Clarence and Amherst schools kindergarten,
elementary, and high schools |
|
Relocating?: Free real estate
information & relocation package if you're relocating to Buffalo, Clarence
and Amherst, in Erie County NY |
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Convertible ARMs
Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.
Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.
|
|
| Q |
In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts?
|
| A |
Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
