Saugatuck, Allegan County and Holland Michigan real estate listings, home buying, selling and relocation information

All agents are NOT the same! Find out why we are the Saugatuck Area top real estate experts. Call us: 269-857-1477.

Find Out About the Latest Homes for Sale First!
We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
Find Out More >
View All Offers >

Excellent Job
Laura, Thanks for the excellent job you and your staff did in marketing and selling our property.
Wayne Zieske & George Weiss
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

The Mill Pond Realty Team are some of The Top Selling Real Estate Experts™
Find Out More >

For Buyers: Saugatuck, Allegan County and Holland Michigan home buying, real estate listings, and homes for sale in Allegan and Ottawa County, MI

Welcome > Main Sitemap > For Buyers ...

Please Sign Up For The Latest Listings and the Latest Real Estate News

*Your Name:
*Your Email Address:
Send Latest Listings:
Send Latest News:
Your Message or Comments:

* Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
We Guarantee Your Privacy >
Free & Without Obligation >

Financing Your Home >The Margin on an ARM

When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.

Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.

If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What is the world's longest wall?
A	The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain.
See More Real Estate Trivia >

See the nation's top rated reports for Schools in Saugatuck, Allegan County and Holland >

Coming Soon
Find Out More >

The Mill Pond Realty Team, REALTORŽ, real estate agents and broker for Saugatuck, Allegan County and Holland Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Laura J. Durham GRI, CRS, CBA
Mill Pond Realty Inc.
747 Water Street
P.O. Box 1093
Saugatuck, MI. 49453
269-857-1477
616-836-0113
Fax: 269-857-6155
Email: millpondrealty@NUMBER1EXPERT.com
As the founder and owner of Mill Pond Realty, Laura Durham prides herself and company in offering award winning services. Smart Money Magazine, published by the Wall Street Journal, Business Week and Where to Retire, chose Mill Pond Realty and Laura Durham as The Best Choice when considering an investment in the greater Saugatuck-Douglas area. Laura has earned the designations of GRI, CRS and CBA. Currently, Laura is the Chairperson of the all important Grievance Committee a job she performs very well. Her community involvement has been extensive an active member of the Holland Chamber of Commerce, Saugatucks Sparkle Lighting Member, two local churches, a participating member of the Convention and Visitors Bureau, the Saugatuck area Business Association, past director for Heritage Home, Habitat for Humanity, Arts Councils, St. Jude Research Hospital, American Cancer Society, Special Olympics, Hospice and more. Laura is an accomplished Broker Licensed since 1982 ... Local experience and Knowledge make all the difference.

www.SaugatuckRealEstate.com is brought to you by The Mill Pond Realty Team
NUMBER1EXPERTS™ in real estate for Saugatuck, Allegan County and Holland, Michigan, vacation homes, waterfront properties

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge