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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
<Back to Page 1 Previous Next Property 9 of 32 Selections
    New Listing - Gorgeous! $179,950  Special Incentives!
Front of Home

Address:   887 S. Henry Ln.    City/ST:   Gilbert, AZ   Zip Code:   85296  
Location:   Gilbert near Warner/Higley   Property Type:   Single Family Home   New or Resale:   New   
Square Footage:   2314   Bedrooms:   4   Bathrooms:   2 full, 1 half  
MLS#   4391443   Property Tax:   525  

GORGEOUS! June Incentives! A new, upgraded hm w/ full warranty for the price of a Short Sale or REO?! YES! This popular floorpln has stunning craftsman stone elevation, front porch, spacious kitchn, lrg dining, walk-in pantry, double-door den dwnstrs (could be 4th bdrm) & wait til you see the HUGE loft/bonus/game rm! Enough rm for a 5th bedroom & still have a big loft! Mstr suite has his/hers walk-in closets, dual sinks, & lrg garden tub! Convenient upstrs laundry, too! Upgraded features include rich maple cabs in a warm nutmeg stain (42'' upprs!), raised panel doors, brushed nickel hardwr, high upgrade crpt & pad, 2-tone paint, ceiling fan prewires, This home is near one of THREE Community pools and hot tubs!



Last Updated: 7/1/2010 11:32:33 PM

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Real Estate Tips
Financing Your Home >ARMs

Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.

Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.

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Real Estate Trivia
Q 
What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?

A 
The Georg Muller House in Milbach, PA, built in 1752.
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New Village Team, REALTOR®, real estate agent and broker for East Valley, West Valley, Gilbert and Peoria, Arizona home listings, property and land for sale - NUMBER1EXPERT

Cassandra Ewer
New Village Realty

890 West Elliott Road Suite 101
Gilbert, AZ 85233
480-635-4600
Fax: 480-786-2244
Cassandra@NUMBER1EXPERT.com

As a highly successful real estate broker with over 15 years experience in the Arizona real estate market, Cassandra Ewer has the knowledge and skill to make any real estate transaction a reality. The New Village Team is a team of experts, each committed to assisting you with your individual real estate needs. Call us today!


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