Linda Wood is your top selling expert from Kitsap to Island County. As a professional Realtor for many years I have built a highly respected reputation throughout the community for service & integrity. While there's no denying that technology has made life better for all of us there's still no substituting the human aspect. I am committed to ensuring that all your needs are successfully met in an enthusiastic honest professional manor with a genuine commitment to providing unsurpassed Real Estate services. Honesty, loyalty, understanding, creativity & accountability are what set me apart with my specialized services in Relocation, Residential properties and New Home Construction. So, if your looking to buy or sell real estate or just need a quick answer to a real estate question, e-mail or call Linda Wood "Your Number 1 Expert".
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Financing Your Home >Convertible ARMs
Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.
Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.
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What home product makes lawn mowing easier than ever?
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The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
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- NUMBER1EXPERT™ 
