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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 860-676-3909.
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"In Honor of Ellen Seifts, who accepted the challenge…the commitment… to achieve excellence in residential real estate sales and service."
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"I would like to express our satisfaction with the service Ellen delivered during our relocation from Hong Kong. She handled all of our needs, questions, and school concerns with the greatest of care and professionalism."
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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.
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| Q |
Why is the Terra Amata site in Nice, France famous?
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| A |
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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Ellen Seifts
Prudential CT Realty
Phone: 860-676-3909
Fax: 860-674-0033
Email: ellenseifts@NUMBER1EXPERT.com
Ellen Seifts is the NUMBER ONE AGENT in the Farmington Valley (Avon, Simsbury, Farmington, Canton, Burlington) and West Hartford, also consistently in the top five in the entire state of Connecticut and top 1% Nationally! With over twenty five years of experience, she has an outstanding track record with "Excellent" reviews from transactions and generous assistance above and beyond the norm! Ellen has won numerous awards year after year not only for Top Producer, but also for Customer Service. Her quality of service is proven out by the fact that clients stay with Ellen year after year, and look for her asistance in relocating a second time and in some cases a third time! You too, can join her long list of satisfied clients!Prudential Connecticut Realty is an independently owned and operated
member of The Prudential Real Estate Affiliates Inc., and Prudential is a
service mark of The Prudential Insurance Company of America.   
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