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Michael J. Maher of The Maher Team is one of the top 10 real estate agents in Kansas City. Find out why! Call (913) 287-HOME.
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"The service you provide is superior."
"Thank you again for everything you did to help me make my new home>"
"Ryane K. Keithley"
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Welcome! Here You Can Find Great Information on Overland Park KS, Olathe KS and Kansas City MO, Kansas Real Estate |
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Financing Your Home >Hybrids Offer Low Rates In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.
Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.
Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.
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| Q |
What is the highest altitude hotel in the world?
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| A |
The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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Michael contributed to the
following best-selling books...
Michael Maher is a
proud member of the ActiveRain Real Estate Network. This network is a free
online community to help real estate professionals promote their business over
the Internet. You can find other outstanding
Kansas real estate
agents on activerain.com. |
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