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Contact the top SMG real estate professional. My direct line: 702-480-2496.


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Real Estate Tips
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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Real Estate Trivia
Q 
What has been described as the world's most beautiful building?

A 
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 and Team, REALTOR®, real estate agent and broker for Las Vegas, Henderson and Summerlin, Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)

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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