Hi! I'm Pamela Payne affiliated with Remax Associates of Arlington. I typically sell over 100 homes a year! I've won numerous awards during my career but my biggest success is your complete satisfaction after a sale. I'm a native Texan with close to 20 years experience in real estate. I know the Metroplex like the back of my hand.
I am dedicated to making sure your needs are met. I strive for excellence and I believe personal service is the essence of making your search for a new home, or selling your home effortless. As I said, I cover all areas in the Metroplex. Contact me now to end your search by finding your home connection.
I am a woman who believes in giving it her all, in life and in business. I work ceaselessly to be your best resource in DFW real estate. I bring experience, care and determination to every transaction. My goal is to ensure a smooth and stress-free moving experience for your family.
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Financing Your Home >Watch Your ARMs Length Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
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What is the most common name for a city in the United States?
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Fairview is the most common city name, according to the 1996 Top Ten of Everything Book. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
