Green Bay, De Pere and Green Bay Metro real estate and homes for sale in Wisconsin - Tom Monahan, REALTOR® Tom Monahan REALTOR(r) for Green Bay, De Pere and Green Bay Metro, Wisconsin real estate - NUMBER1EXPERT™ Tom Monahan NUMBER1EXPERT(tm) for Green Bay, De Pere and Green Bay Metro, Wisconsin real estate
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Tom Monahan, REALTOR®, real estate agent and broker for Green Bay, De Pere and Green Bay Metro Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Financing Your Home >Watch Your ARMs Length

Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.

First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.

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Real Estate Trivia
Q 
What took over 30,000 workmen to construct and is considered the second largest palace in the world?

A 
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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Tom Monahan, REALTOR®, real estate agent and broker for Green Bay, De Pere and Green Bay Metro Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

Tom Monahan
Resource One Realty

1740 E Matthew Drive
De Pere, WI 54115
Office: 920-338-8116
Cell: 920-680-3942
Fax: 920-338-8112
Toll Free: 1-800-346-6163
Email: TomMonahan@NUMBER1EXPERT.com
Email: tommonahan@netnet.net

Tom Monahan is consistently a Top Producing Agent locally and in the United States. Tom has 23 years Full-Time Sales Experience in Real Estate. He is knowledgeable and current with changes in Real Estate Market and other Markets that will affect the success of your transaction. Tom provides the Highest Quality Service. He is honest, and displays Absolute Integrity. Tom employs an Assistant to personally help you while he is out of the office. April's direct line is (920) 425-8821. Tom’s credentials: Graduate Realtors Institute, Accredited Buyer Representative, and Certified Residential Specialist. For the past 23 years Tom has lived in East De Pere. His resides with his wife Jane and step-son Nate. He enjoys spending time with daughter Helena,son-in-law Josh and granddaughter Emalea. Tom's youngest daughter Meghan is a Freshman at Marquette University.

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