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Contact the top SMG real estate professional. My direct line: 702-480-2496.
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Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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We couldn't have done it without you! The professionalism that you exhibit is beyond reproach. Rich Turner, Las Vegas,NV Read Quote > View All Quotes >
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Financing Your Home >Watch Your ARMs Length
Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
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What has been described as the world's most beautiful building?
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The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife. |
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Roosevelt Mompremier SMG Realty 4975 S. Fort Apache Rd. #105 Las Vegas, NV 89148 702-480-2496 Fax: 702-382-1665 RooseveltMompremier@NUMBER1EXPERT.com
Roosevelt Mompremier’s primary mission is to make a difference in people’s lives.
As an author, a family man, and a humanitarian, he believes in going the extra mile. “Service to others has its own reward,” he says. “I take my client’s needs to heart in every transaction.”
Specializing in locating highly discounted properties throughout the entire Las Vegas valley, Roosevelt and his staff are determined to not only exceed your expectations, but to be the resource you depend on year after year, home after home. He's aggressive, prompt, talented, easygoing and fun. So whether you’re looking to rent, lease, buy, invest or sell a home, you can count on his unique and unparallel service. Call him today at 702-480-2496.

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