Calvert County Real Estate has been my full time professional career since 1977 - that's 3 decades of experience waiting to be put to work for you! My success is due to the many buyers and sellers who come back to me again and again and send referrals to me, because they know they can trust me to help them with their real estate needs. I have a simple and common sense approach to life and treat everyone like I want to be treated - fairly and honestly. I am looking forward to hearing from you and appreciate the opportunity to work with you. Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
|
| Q |
What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?
|
| A |
The picture window was a signature of the suburban American neighborhood. |
 See More Real Estate Trivia > |
|
|
 Search All Calvert County
Listings
Find your perfect house from the comfort of your own home!
Search the MLS here.
Search Now! > |
|
- NUMBER1EXPERT™ 
