|
All agents are NOT alike! Find out why I can provide you with service above and beyond your expectations! Call me at 314-308-6628.
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
"Truly Refreshing!"
"After buying and selling half a dozen homes in the past 30 years, Carol was the best overall agent we have ever worked with!"
Terry and Susan Bacigalupo
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
|
|
 |
About the Lake St. Louis, Wentzville and O'Fallon, Missouri Area: Western St. Charles County is one of the fastest growing areas in the nation today! Located just west of the Metro St. Louis area, you are within a short commute of all the "big city" amenities - such as Cardinal Baseball, Rams Football, Blues Hockey, The Fox Theatre, Symphony (and more shopping than you can do in a lifetime!) - yet living day to day in a more relaxed environment high in family values. With affordable housing, low taxes, and large lot sizes, our area is one of the best home buying values in the nation! Single family homes of all sizes and prices, villas, condos - we have a great variety to suit everyone's needs! Being the high growth area that we are, appreciation is great, too! New shopping opens daily, as do businesses. We have some mega employers here - Mastercard World Headquarters, Citibank, GM, and numerous industrial parks and office complexes. Recreation abounds, with both county and city park systems, Busch Wildlife, Katy Trail, historic St. Charles, minor league baseball and hockey and so much more! Our school systems are some of the best around! Just check out my school reports for more information!  |  | | Purchase a Lifestyle - not just a home! |
Request my FREE Relocation Package. It's packed full of useful and important information about the area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
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.
|
| Q |
Where in the United States will you find the largest concentration of million-dollar homes?
|
| A |
There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
