Turlock real estate CA, Modesto real estate and Merced County real estate, home listings and homes for sale in California - Pamela Easton, REALTOR® Pamela Easton REALTOR(r) for Turlock, Modesto and Merced County, California real estate - NUMBER1EXPERT™ Pamela Easton NUMBER1EXPERT(tm) for Turlock, Modesto and Merced County, California real estate
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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.

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Real Estate Trivia
Q 
Where is the world's largest dome?

A 
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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FEATURED PROPERTY
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Huge - Unique Corner Lot - POOL
THREE DAYS ON MARKET 8-1-2011 - PENDING SALE!! Huge CORNER Lot! Built In POOL!
Location: TURLOCK - EAST
Price: $182,000 PENDING SALE 8-4-11
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Pamela Easton, REALTORŪ, real estate agent and broker for Turlock, Modesto and Merced County California home listings, property and land for sale - NUMBER1EXPERT(tm)

Pamela Easton, CRS, GRI, SRES, REALTOR
Century 21 M & M and Associates

1351 Geer Road - Suite 103
Turlock, California 95380
CA DRE #01228861 Broker #01183865
Direct: (209) 633-1845
CELL/Text: 209-605-4584
FAX: 209-216-5148
Pamela.Easton@Century21.com

Pamela Easton, CRS, is the Number One Agent in Marketing and Technology in the Central Valley areas of Modesto and Turlock. She is a licensed REALTOR in the State of California. Pamela has a background in the Real Estate Industry that few agents can match. Being a third generation Real Estate Professional, with her own career starting in residential lending in the late 60's, Pamela is able to take the 30+ year background she has and combine it with the technology of today! That spells SUCCESS for her clients. She is a forerunner in the way Real Estate has integrated with technology in the Central Valley. Known for staying on top of the industry changes. She has continually demonstrated throughout her career by constantly updating and educating herself. She has earned the following designations: CRS (Certified Residential Specialist),GRI (Graduate Real Estate Institute), SRES (Seniors Real Estate Specialist--Senior Advantage Real Estate Council) and CRMO (Certified Residential Mortgage Originator - California Mortgage Bankers Association)--although not originating loans, this designation is a very strong benefit for Pamela's clients. A member of the Council of Residential Specialists, Association of Professional Mortgage Women, National Association of Realtors, Merced Association of Realtors. Proudly affiliated with Century 21 M & M and Associates, her mark of excellence has included CVAR Masters Club, Million Dollar Club, and the coveted 'Centurion Producer' awards - along with being the first of over 90,000 Century 21 agents NATIONWIDE to receive the 'Technology Award' presented for the very first time in 2003! March 2007, chosen ONE of THREE agents to exemplify the 'Gold Standard' for Century 21 agents nationwide.

CRS GRI REALTOR SRES MLS Equal Housing






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