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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Pamela Easton, REALTORŪ, real estate agent and broker for Turlock, Modesto and Merced County California home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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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Real Estate Trivia
Q 
What country of the world has the highest percentage of private housing?

A 
Mongolia, where 100% of all properties are owner-occupied.
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Gorgeous Home - LUSH landscape - 1+ Acre
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Location: Winton, CA. - Merced County
Price: $454,000 TEMP OFF MARKET!
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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
Direct: (209) 633-1845
Office in Residence: (209) 664-9742
Cell: (209) 605-4584
Fax: (209) 664-9812
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.

CRSGRIREALTORSRESMLSEqual Housing






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