

|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 203-319-3403.
|

Sign Up For My eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
|

You Worked Aggressively “We appreciated the way you kept up on every detail and kept the ball rolling (so to speak)." Read Quote > View All Quotes >
|
Compare three mortgages
at one time. Download TripleCalc now. It's free.
|
Melanie Smith is one of The Top Selling Real Estate Experts Find Out More > |
|
|
|
Fairfield, Westport, and Weston Information:
About My Towns - Moving to Fairfield, Westport, and Weston, Connecticut? Get info here...
Local Maps & Links - The best Fairfield, Westport, and Weston websites. School Reports - Reports for Fairfield, Westport, and Weston schools kindergarten, elementary, and high schools.
More School Information - More School Information for Fairfield, Westport, and Weston schools kindergarten, elementary, and high schools.
Relocating? - Free real estate information & relocation package if you're relocating to Fairfield, Westport, and Weston, in Fairfield County CT.
Go to Main Sitemap - Main sitemap sections include Find Fairfield, Westport, and Weston Homes, For Home Buyers, For Home Sellers, Fairfield, Westport, and Weston Information, Real Estate Resources, and About Melanie Smith.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >The Language of Financing
When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.
You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.
|
| Q |
Where is the world's oldest hotel?
|
| A |
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties. |
See More Real Estate Trivia > |
|

NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|