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Fixed Mortgage Loan Calculator
Enter the loan information to quickly calculate how much your monthly and total payments will be with this calculator provided by Homes.com.
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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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| Q |
What home product makes lawn mowing easier than ever?
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| A |
The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
 See More Real Estate Trivia > |
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Delilah & Co.
Keller Williams Lake Travis
1921 Lohmans Crossing
Suite 100
Phone: (512)402-1330
Cell: (512)415-5364
Fax: (512)410-3538
Delilah: Delilah@WestAustinHomes.com
Delilah & Co.(WestAustinHomes.com) brings more to the table than anyone else when it comes to your real estate needs.
Whether you are buying, selling, or renting a property, Delilah & Co. (WestAustinHomes.com), the top producing team at Keller Williams Lake Travis office, utilizes the latest information technologies, market research, and business strategies to exceed all of your expectations.
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