Get the Latest Listings Before Anyone Else!
As soon as I list another home for sale, I'll email you. You'll know first.
The Farm & Home Team is one of The Top Selling Real Estate Experts
Find Out More >
|
These
properties posted instantly on the web via:

|
|
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.
|
Real Estate Trivia
| Q |
What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?
|
| A |
The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology. |
See More Real Estate Trivia > |
|
|
The Farm and Home Team Farm & Home Realty 1010 W. 5th Street Canton, SD 57013 605-987-5874 Toll Free: 1-877-724-SCHUTTE (8883) Cell: 605-366-7028 Fax: 605-987-5282 Office: office@farmandhomerealestate.com Email: FarmandHomeTeam@NUMBER1EXPERT.com
Casual Atmosphere...Professional Results!
When it comes to buying or selling your home, you want to deal with a REALTOR who makes you feel comfortable. Our style is casual. You won't get a
high-pressured sales pitch from us. You also want a professional who knows the market and follows through to a successful transaction. Selling real
estate is our full-time job. Our results are proven, too. Farm & Home Realty, Inc. is consistently involved as a seller's agent, buyer's agent or both in many of the local transactions. We encourage you to take advantage
of the many tools available on our website. And, we'd love to talk with you. Send us an e-mail, give us a call or, if you are in the area, stop in. The coffee pot is usually on! 
www.farmandhomerealestate.com
is brought to you by The Farm & Home Team
NUMBER1EXPERT in real estate for Sioux Falls, South Dakota
Read The Farm & Home Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|