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

Q  What famous example of post-colonial architecture is modeled after the palace of the Duke of Leinster in Ireland? A  The White House in Washington, D.C., begun in 1792 and burned by the British in 1814, was rebuilt in 1818 and restored in 1951. See More Real Estate Trivia >

Diane Sarkisian RE/MAX Action Realty 1126 Horsham Road Maple Glen, PA 19002 Office: 215-358-1100 Mobile: 215-872-7147 Fax: 215-358-1129 Diane@DianeSarkisian.com Diane specializes in client/customer satisfaction. A relentless work ethic as your lifetime Real Estate Consultant, she exceeds all expectations in service and professionalism. "People do not care what you know until they know how much you care." CERTIFIED LUXURY HOME MARKETING SPECIALIST FOUNDING MEMBER INTERNATIONALLY www.Dianesarkisian.com is brought to you by Diane Sarkisian, real estate for Ambler, Gwynedd, Blue Bell, Upper Dublin and Horsham, Pennsylvania Read Diane Sarkisian's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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