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Judy, I want to thank you for your efforts in getting the house along to the closing, and for the great way you marketed the house using professional photography and your creativity. It was a pleasure to deal with you. You are a real pro, and the only thing I regret was not dealing with you from the outset. In any event, this is a happy ending to this part of the story! Good luck and health to you and yours, and look me up on your next vacation trip out West!! Thanks again.
Ronda Hisiger,Fairfield
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Financing Your Home >More On ARMs
Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.
One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.
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| Q |
What is the world's oldest wooden structure?
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| A |
The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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- NUMBER1EXPERT™ 
