Getting settled with the new broker…

Happy New Year!!

The past month was very busy and a huge emotional roller coaster. Having received the news of Sanctuary closing, I was forced to NOT vacation and scramble around to interview new brokerages.   -Totally knocked off my game because there was too much to think of. Culture, vision, mission and overall “what does the company stand for? ”  and “what do people think when they see their name….”

I think I found a good one, to hold my license but this time I decided to just go and get my brokerage license and really brand my own company.  Too bad my marketing team is still on vacation -lol.. I’m anxiously awaiting their return because I have 101  ideas and my excitement is bubbling over.

So what’s new on the Real Estate front?  I have many great listings becoming available.  1560 S. Gordon, 1530 S. Gordon …and if you haven’t seen my Beltline Bungalow with a Carriage house by now, you’re missing it!!  Stick around, now that I have gotten MY blog back from being under the last company- I can get back to me- writing and informing you of my community!

868 Rose Circle SW Atlanta GA 30310

 

…There’s a new sheriff in town…

after 4 years of partnering with Solid Source Realty, I have finally selected a broker with the ability and drive to help take my brand-and my community to another level with Real Estate service…  

The unveiling to come, but get ready for a new Area West Realty Group/Nia Knowles  revamp…. *very exciting!*

Buyers Shouldn’t Dismiss All ARMs

Potential home buyers in search of a mortgage are wary of all kinds of adjustable rate loans these days, but hybrid ARMs can be really good deals even in these times of historically low interest rates, some lending experts insist.

Hybrids are “a great product at a great rate,” says Christopher Cruise, a mortgage broker in Silver Spring, Md.

Currently, starting rates are under 4 percent, generally a full percentage point lower than traditional, 30-year, fixed-rate mortgages. Hybrids are locked in at that starting rate for five, seven, or sometimes even 10 years, then they adjust—usually a maximum of 2 points a year with an overall cap of 6 or 8 points.

In the meantime, the savings on a hybrid ARM can be thousands of dollars and make sense for a buyer who doesn’t expect to be in a home for more than five or six years.

Even if they stay in the same house, it’s likely they’ll have an opportunity to refinance. “Seven years for a mortgage is an eternity these days,” Cruise says.

He recommends that buyers do the math, considering the worst-case scenario. In many cases, particularly with jumbo loans, the savings will still be substantial even if the loan adjusts to the maximum for a couple of years.

Source: United Features Syndicate, Lew Sichelman (05/03/09)