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Welcome! Here You Can Find Great Information on Olathe and Overland Park, KS, Kansas City and Lee's Summit, MO, Real Estate  Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes. Need local real estate information? We've summarized much of what is important about the Olathe and Overland Park, KS, Kansas City and Lee's Summit, MO real estate market in this site. Need expert advice? No web site, large or small, can take the place of a real estate agent. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we 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. we have the experience and track record you are looking for. - The Gresham Group
Financing Your Home >Watch Your ARMs Length Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
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| Q |
Whose mansion sold for about $2 million after just one day on the market?
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Soon after the death of George Burns his home was put on the market; the home sold in 24 hours.
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MISSOURI OFFICE
The Gresham Group
Reece & Nichols Realtors
100 Cedar Tree Square
Belton, MO 64012
Office: 816-348-4817
Fax: 816-322-5820
Toll Free: 1-800-421-6575
TheGreshamGroup@NUMBER1EXPERT.com |
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KANSAS OFFICE
The Gresham Group
Reece & Nichols Realtors
2140 E Santa Fe
Olathe, KS 66062
Office: 913-254-2579
Fax: 913-782-5023
Toll Free: 1-800-421-6575
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Each member of The Gresham Group is highly skilled and ready to help you find just the home you are looking for in today’s market. Financing is a snap with our fast no obligation, confidential pre-qualification. First time homebuyer, moving up, or down sizing, The Gresham Group has the answers to all your real estate questions. |
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