Warner Robins, Perry and Byron real estate and homes for sale in Georgia - Diane Childress and The Childress Team, REALTORS® Diane Childress and The Childress Team REALTORS(r) for Warner Robins, Perry and Byron, Georgia real estate - NUMBER1EXPERTS™ Diane Childress and The Childress Team NUMBER1EXPERTS(tm) for Warner Robins, Perry and Byron, Georgia real estate

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Diane Childress and The Childress Team, REALTOR®, real estate agents and broker for Warner Robins, Perry and Byron Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)



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.

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Real Estate Trivia
Q 
Who is "Freddie Mac", and why is he a big name in real estate?

A 
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
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Diane Childress and The Childress Team, REALTOR®, real estate agents and broker for Warner Robins, Perry and Byron Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Childress and The Childress Team
Golden Key Realty

2050 Watson Boulevard
Warner Robins, GA 31093
Office #: 478-929-4444
Diane's Cell: 478-714-9934
Buyer's Hotline: 478-918-6564
Fax: 478-929-2992
Toll Free #: 800-329-4445
Email: Diane@TheChildressTeam.com

“We are looking forward to being able to show you all The Childress Team can do for YOU!” Diane Childress, GRI, CRS, CSP, ABR. What makes Diane and her team stand out as leading Realtors in the Central Georgia Area? Personalized Service, Unprecedented Marketing Plan, Quick Response Time, Wealth of Knowledge, Expert Guidance, Outstanding Negotiating Skills, We ‘Really Listen’, Extensive Relocation Experience, Excellent Follow- Up and Regular Progress Reports.

ABR CRS Equal Housing GRI MLS REALTOR


Golden Key Realty real estate and homes for sale in Warner Robins, Perry and Byron Georgia

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