Check Out These Great Offers!  FREE Mortgage Consultation and $100 off your closing costs!
Financing your new purchase is probably the most intimidating part of the whole home-buying process. Paul McIntyre, Mortgage Planner, of the Aladdin Group makes it easy to understand. He will pre-approve you for your new mortgage FOR FREE, putting you in the strongest negotiating position possible! Also, when you mention Frank Kenny sent you, you'll receive $250 off your loan costs at the close of your transaction. It's just another great benefit of working with Frank Kenny. Paul, Tara, and Victoria can be reached at (888) 434-0102.
Tell him Frank Kenny referred you!
10% Discount Off Your Title Insurance If You're 55 Or Older!
First American Title Company is one of the few title companies that offers a 10% senior discount. Just let us know you'd like to take advantage of this and we'll make the arrangements for you with Lana Speer, our Title Representative. If you have any questions you'd like to ask Lana directly, simply call her up at (310) 540-2032, x4204.
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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.
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| Q |
Originally incorporated under the name Georgiana, what is the oldest incorporated city in the United States?
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| A |
York, Maine, which received an English charter in March 1642, is the oldest incorporated city in the U.S. |
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