Listing Details: Springdale, Fayetteville and Rogers, Arkansas Real Estate Listings & Homes For Sale Provided by Greg Hughes

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Phone: 479-530-1727
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<Back to Page			Property 84 of 87 Selections

VERY DESIRABLE LOCATION

$159,900

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Address: 1606 ABRAHAM	City/ST: SILOAM SPRINGS, AR	Zip Code: 72761
Property Type: Single Family Home	New or Resale: Resale	Square Footage: 1814
Bedrooms: 3	Bathrooms: 2	MLS# 577834

THIS HOME FEATUES CUSTOM FAUX BLINDS, PRIVACY FENCE, STORAGE BUILDING, AND AN ALARM SYSTGEM. THIS HOME IS A VERY DESIRABLE LOCATION ONLY A FEW MINUTES FROM STORES AND LESS THAN 1 MILE FROM SCHOOLS. NEAR SILOAM SPRINGS COUNTRY CLUB.

Last Updated: 8/13/2009 11:09:42 AM

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Financing Your Home >The Language of Financing

When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.

You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.

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Q	What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
A	Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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Greg Hughes, REALTOR�, real estate agent and broker for Springdale, Fayetteville and Rogers, Arkansas home listings, property and land for sale

Greg Hughes
Exit Realty Premier
3880 Willowwood Suite A
Springdale, AR 72762
479-530-1727
Fax: 479-756-9835
greghughes@NUMBER1EXPERT.com

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