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

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

Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >

Pleased with My Experience
I have been very pleased with my experience with Mill Pond.
Julie Scott
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 >

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

Welcome > Main Sitemap > Local Information ...

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 >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.

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

Q	Where are the highest median price homes in the United States currently located?
A	According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area.
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