Types of Mortgage Loans with a New Orleans Area Realtor, Part 2 (ARM)
Burk Brokerage Real Estate September 20, 2023
Burk Brokerage Real Estate September 20, 2023
What is an ARM, adjustable rate mortgage? An adjustable rate mortgage or ARM is different from a fixed mortgage in that the interest rate can change over the life of your loan - and most likely will. The interest rates on a ARM’s are lower than 30 year fixed rate loans, but only have a locked rate for three, five, or seven years, depending on which one you choose. After the lock expires, rates can change every six months throughout the rest of the 30 year period. Borrowers choose ARM’s for the lower monthly payments, or when they know they will be selling the home before the lock rate expires. Remember, mortgage loans aren’t one size fits all! Reach out to talk to the GiGi Burk group about your goals and the best plan for YOU!
Stay up to date on the latest real estate trends.
If you are a local Lakeview Business owner and would like to participate in our Lakeview’s.
We are so glad you decided to keep in touch!
Let’s get together and chat about your plans. Or, if you’re not ready to meet in person, that’s fine too.
Here are some of the services available by Burk Brokerage and its affiliated professionals:
The top broker in the area, experienced, professional, and hardworking brokers and realtors are right here.
Volunteers have moved mountains from no hope, to advancement of gene therapies with a cure in sight.
If you are a local Lakeview Business owner and would like to participate in our Lakeview’s Best.
If buying a home is on your goal sheet this year, here’s how to make it happen.
The sellers of 57 Hawk Street spent months preparing their home for the market.
We pride ourselves in providing personalized solutions that bring our clients closer to their dream properties and enhance their long-term wealth. Contact us today to discuss all your real estate needs!
BURK BROKERAGE REAL ESTATE
6260 VICKSBURG ST STE A NEW ORLEANS, LA 70124