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 Welcome to Fayetteville, NC, “America’s Home Town” where you can find the home of your dreams. Whether it is a small town atmosphere or big city amenities, you will find that you are right at home. Nested in Cumberland County, NC, Fayetteville showcases the history and heritage of our country with several museums, historic downtown, military presence, and southern charm. Please click here to read more about the history of Fayetteville, NC. As the home to Fort Bragg and Pope Air Force Base, Fayetteville is proud of its military legacy. Fayetteville was recently selected by Newsmax Magazine in their May 2009 edition as one of the Top Cities and Towns with the Best American Values. Fayetteville has a lot to offer the residents who call this city home. With a wide variety activities, you are sure to find your hobbies and passions right here in Fayetteville. Whether it be shopping, sporting activities, cultural, educational, or nature activites, we can provide you the references that you need to experience this wonderful city. If you would like a relocation packet and some additional information, please feel free to contact us any time and we would be happy to help. 
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.
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Who is the world's richest living person?
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William H. Gates, III, Chairman of Microsoft Corporation, whose wealth was estimated at $46.6 billion in 2004.
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 See More Real Estate Trivia > |
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Team Elite Realty.net
Team Elite Realty.net
2653 Hope Mills Road
Fayetteville, NC 28306
Office: (910) 424-1600
Fax: (910) 424-6907
teameliterealty@NUMBER1EXPERT.com
Dreams, Memories, Family....
The role of a real estate agent is to guide you through the buying, selling or relocating process, taking the time to make sure you understand every step of the transaction. We are absolutely committed to fulfilling your needs with the highest level of professionalism, expertise and service. Our commitment to your satisfaction is the foundation from which a solid business relationship is built. One step closer to home....from our Team to your Family, making your dream come true.
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