Commerce, White Lake and Milford Michigan real estate listings, home buying, selling and relocation information

Steve 248-755-7500 Janet 248-755-7600.

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Steve & Janet worked very hard to sell our home in a depressed market. We thank you both. Very smooth sale and closing.
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The Stockton Team are some of The Top Selling Real Estate Experts™
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Open Sunday: Commerce, White Lake and Milford Michigan home buying, real estate listings, and homes for sale in Oakland County, MI

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OPEN SUNDAY MARCH 2ND
1:00 - 4:00

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Financing Your Home >ARMs

Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.

Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.

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Q	What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
A	Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
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The Stockton Team, REALTORŽ, real estate agents and broker for Commerce, White Lake and Milford Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Stockton Team
RE/MAX 100
26870 Beck Road
Novi, MI 48374
Toll Free: 888-264-7653
248-360-3900
248-755-7500
Fax: 248-360-5158
Email: janet@thestocktonteam.com
Email: steve@thestocktonteam.com
We have become the Lakes Areas top Real Estate team for one reason, and one reason alone: we give each and every one of our clients the loyalty, professionalism, and personal care that we would a member of our own family. Real Estate is a business, to be sure, and because we know it better than any other firm in shouting distance we are able to offer better service through advertising and our negotiating skills. It is true that we have received RE/MAXs highest honor, the prestigious Chairmans Award. But we are even more proud of our most ordinary daily achievement, which is to develop warm, human relationships with our clients in which we personally demonstrate the highest levels of commitment, expertise, and perhaps above all, good timing. We love the Lakes Area and we know it from the inside out. Working together, we promise that you will be delighted not only with the outcome we achieve but the way we have achieved it.

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NUMBER1EXPERTS™ in real estate for Commerce, White Lake and Milford, Michigan, condos, condominiums, and vacant land

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