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School Reports in Philadelphia Main Line, Lower Merion Township, Radnor Township and Center City Philadelphia Homes, Pennsylvania
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Real Estate Tips
Financing Your Home >Convertible ARMs

Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.

Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.

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Real Estate Trivia
Q 
What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?

A 
According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.
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Selma and David Glanzberg, REALTORŪ, real estate agent and broker for Philadelphia Main Line, Lower Merion Township, Radnor Township and Center City Philadelphia Homes, Pennsylvania home listings, property and land for sale

Selma and David Glanzberg
Prudential Fox & Roach Realtors

336 Conshohocken State Road
Gladwyne, PA 19035
Mobile: 610-812-9919
Fax: 610-896-7240
Office: 610-896-7400
glanzberg@BestImageAgent.com

Focusing on excellent customer service has inspired us to provide our clients with the most positive real estate experience possible. We have been recognized for our dedication and success with many rewards inclucing Prudential's "Top of The Rock", "Chairman's Circle of Prudential" and being in the "Top 1/2% of Realtors Nationwide."

MLS REALTOR


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