Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. In the pre-qualification process, you will find out: - Exactly how much home or land you can afford. - How much cash you will need for the down payment. - The minimum down payment, and advantages of higher down payments. - What the bank feels you can afford for a monthly payment. We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Fort Wayne, Perry Township and Aboite Township real estate agents to offer services such as these. Once you fill out the form, we will quickly process your information and get right back to you! We can help you pre-qualify for your mortgage. It's our job! This is free and without obligation...
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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Where will you find the world's largest indoor waterfall?
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The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
 See More Real Estate Trivia > |
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Greg Adams
Century 21 Bradley
6357 Constitution Drive
Fort Wayne, IN 46804
Cell: 260-433-0844
Fax: 260-434-1374
Office: 260-434-1344
Voice Mail: 260-479-1132
gregadamsteam@NUMBER1EXPERT.Com
gadams3327@aol.com
As a Fort Wayne native and a lifetime resident Greg Adams’ has a vast knowledge of the area and local community, and as a result, has a unique perspective on the city and what it has to offer. His exceptional ability to think outside the box when a situation requires a unique and innovative solution makes him a top producing realtor. He has over 33 years of experience, numerous awards and an impressive record of being in the top1% of his field. Whether you are new to the market, thinking of moving up, or even an experienced investor, Greg has the expertise, energy, enthusiasm and access to resources to help you achieve your goals. With a combined 40 years experience in real estate and over 2500 homes marketed and sold, our clients’ best interest is our teams top priority! You can expect individual attention from Greg and his team comprised of Beth Watkins, Heidi Kleinrichert and Rhonda Colbert. Our motto is, “Putting the needs of clients is the first and foremost objective of our team.” Call today for your personalized attention 260.433.0844!     
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