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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
<Back to Page Previous Next Property 123 of 197 Selections
    3708 SouthMoor $144,500 
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Address:   3708 South Moor    City/ST:   Wichita Falls, TX   Zip Code:   76302  
Location:   3708 SouthMoor   Property Type:   Single Family Home   New or Resale:   Resale   
Square Footage:   2133   Bedrooms:   3   Bathrooms:   2  
MLS#   111377  



Last Updated: 10/15/2009 1:30:27 PM

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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 
Where is the world's largest dome?

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The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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John Caussey, REALTOR®, real estate agent and broker for Wichita Falls, Burkburnett, Iowa Park and Sheppard Air Force Base, Texas home listings, property and land for sale

John Caussey
Strategic Realtors

3800 Call Field Road
Wichita Falls, TX 76308
940-322-8400
Fax: 940-696-9771
strategicrealtors@BestImageAgent.com


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