|
IT'S ALL ABOUT CUSTOMER SERVICE! Let Steve Acoba, one of Chicago's TOP Realtors, show you why he outperforms the rest! Call today. (773) 968-9107.
|
Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
|
 |
 |
 |
* * See Steve on HGTV's House Hunters * *
Part 1 Part 2
(For best viewing click "watch in high quality") |
Thanks for visiting the website of one of the top selling agents of ALL Keller Williams offices in the Mid America region! Whether you are looking to sell, buy or invest in Andersonville, Rogers Park, Lakeview, Lincoln Park, Uptown or any Chicago neighborhood, you've come to the right place. Steve is one of Chicago's TOP Realtors! Click the blue box below to begin searching all homes currently listed in the entire Chicago area and suburbs!
|
Confidently serving buyers & sellers in these neighborhoods:
Gold Coast, Andersonville, Rogers Park, Lakeview, Lincoln Park, Streeterville, Bowmanville, Edgewater, Uptown, Sheridan Park, West Ridge, Jefferson Park, Portage Park Bucktown, River North, Loop, Millenium Park, South Loop, Printers Row, Lincoln Square, Logan Square, Ravenswood, Wicker Park, Ukrainian Village, East Village, Ravenswood Manor, Boystown, Albany Park, Evanston, Skokie, Lincolnwood, Elmhurst.
| |
Looking for homes? Search everything the web has to offer, right here! Don't miss my Featured Homes. Need local real estate information? I've summarized much of what is important about the Andersonville, Rogers Park and Gold Coast real estate market in this site. Need expert advice? No web site, large or small, can take the place of a top real estate agent. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top Andersonville, Rogers Park and Gold Coast real estate agent, I have the experience and track record you are looking for. Please let me help. - Steve Acoba  |
 |
Financing Your Home >The Margin on an ARM When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.
Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.
If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.
|
|
| Q |
How much does a celebrity's name boost the price of a property?
|
| A |
Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
