a tax-deferred exchange of real estate employed to offset or even avoid capital gains tax.
a fixed-rate home loan that has half the typical term of 30 years
an FHA loan that allows you to finance home improvements and permanent financing in a single mortgage loan.
An ARM that is fixed for the first three years (36 months) of the loan term before becoming annually adjustable.
An ARM that doesn’t have its first adjustment until year six, and then adjusts once annually thereafter
a mortgage with a variable interest rate, which adjusts monthly, biannually, or annually. Option-arms and hybrid mortgages are also considered adjustable-rate mortgages
a home loan that isn’t prime or subprime, but somewhere in the middle
the way a loan is paid off over time in installments, detailing how much goes toward interest, and how much is paid toward principal
the actual interest rate you pay on your mortgage, which factors in fees, points, and other costs associated with the loan
the act of assuming responsibility for the payment of a mortgage lien
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