Chester, Long Valley and Mt. Olive real estate and homes for sale in New Jersey - The Holmquist Team, REALTOR® REALTOR® Logo - NUMBER1EXPERT NUMBER1EXPERT™ Logo




The listing you are requesting is no longer available.
View other listings in the Chester, Long Valley and Mt. Olive area.






These properties posted instantly on the web via:
Instant Listings (tm)

Why list with The Holmquist Team?
(May take a moment to load. Adobe Reader required, download now.)
Equal Housing Opportunity


Real Estate Tips
Financing Your Home >Mortgage Terms

New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.

Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.

See All Tips In The "Financing Your Home" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
What information does nearly every state in America require the seller of a home to reveal to the buyer?

A 
Most states require disclosure of any existing problems or conditions that could affect the value of the house.
See More Real Estate Trivia >


Send To A Friend


The Holmquist Team, REALTOR®, real estate agent and broker for Chester, Long Valley and Mt. Olive, New Jersey home listings, property and land for sale - NUMBER1EXPERT

The Kelly Holmquist Team
Keller Williams Towne Square Realty

24 Claremont Road
Bernardsville, NJ 07924
908-451-4676
Fax: 908-946-0211
KellyHolmquist@NUMBER1EXPERT.com


Keller Williams Towne Square Realty Logo

www.KellySellsHouses.com is brought to you by The Holmquist Team
NUMBER1EXPERT in real estate for Chester, Long Valley and Mt. Olive, New Jersey

Read The Holmquist Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge



USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.

www.KellySellsHouses.com is brought to you by The Holmquist Team