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Real Estate Tips
Financing Your Home >Hybrids Offer Low Rates

In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.

Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.

Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.

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Real Estate Trivia
Q 
What is the oldest U.S. capitol in which a state legislature still meets in its original chambers?

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New Hampshire's State House
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Talk To Tammy 5 Star Team, REALTOR®, real estate agent and broker for Jefferson County, St Louis and Festus, Missouri home listings, property and land for sale - NUMBER1EXPERT

Talk To Tammy 5 Star Team
Signature Properties

209 Main Street
Festus MO 63028
Phone: 636-931-9100
Fax: 636-937-1110
Email: tammy@talktotammy.com

The Talk To Tammy 5 Star Team Mission Statement To provide first class service with honesty, integrity, promptness, and an "It's My Pleasure" attitude to every client we serve. To have a balanced life while maintaining the marketshare and giving back to our community. "Anything Less Than Excellence is Unacceptable"


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