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"We wish you were the one representing us ..."
"We wish you were the one representing us on that land. With much trepidation, I think we are closing today. For what it is worth, your follow-up and professional respresentation stands head and shoulders above other Realtors we have worked with. Thanks again for all your diligent work on our home sale and purchase. Fern and I both feel it would not have happened without your strong administering of our deals. As you well know, it ALL in the follow-up."
Joe Wagner
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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.
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| Q |
What is the highest skyscraper hotel in the world?
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| A |
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
