Lewis Palmer Middle School Yankee Candle Fundraiser

Lauren(my daughter),  is doing a school fundraiser and if you like Yankee Candles, here is a way to help and enjoy these wonderful candles!

Her school code is : 990046186
and her selller id is: Lauren78

Thank you!

www.yankeecandlefundraising.com

 

Hybrid Mortgages: How They Differ From ARM’s & Fixed Mortgages

If you’re looking into buying a home, you’ve probably noticed that there are several different types of mortgages available. Two of the most basic are fixed rate and adjustable rate mortgages, or ARMs. You also have the option to choose a hybrid mortgage.

What is a hybrid mortgage? It’s a mortgage that has qualities of both fixed rate mortgages and ARMs. With a hybrid mortgage, you’ll be paying a fixed interest rate for a certain period of time. Once this time is up, your mortgage will switch to an adjustable interest rate for the rest of the loan’s duration. The period of time for the fixed interest rate can range from three years to ten years. There’s also an option to do an interest-only hybrid loan that has you only making interest payments for a certain period of time before you start making payments on the principal balance.

What are the advantages of a hybrid mortgage? You’ll know exactly what your payments will be during the fixed interest rate period, so you can budget accordingly. While your payments will change once the rate switches to an adjustable one, ARM interest rates are usually lower than fixed ones.

Should I apply for a hybrid mortgage? A hybrid mortgage isn’t for everyone. It’s ideal for buyers who don’t plan on keeping the home once the fixed rate period of the loan is over. A hybrid mortgage gives buyers a chance to pay a fixed rate that’s a bit lower than typical fixed rates. Buyers can then sell the home before the adjustable rate period kicks in.

Need more information for understanding what is a hybrid mortgage? I invite you to give me a call!

Operation Money Free Download!

A wonderful resource for the military family and anyone wanting to get control of their budget.

https://www.jeanchatzky.com/operation-money/

Before You Buy a Condo, Consider These Topics For Purchase

Condos provide an ideal home for those who want their own property without having to worry about doing yard work. Buying a condo isn't the same as purchasing a single-family house, though.

If you’re thinking of going this route, pay attention to the following considerations when buying a condo:

• You’ll have to pay extra fees. In exchange for not having to mow the lawn or rake leaves, you’ll have to pay monthly homeowners association fees that cover maintenance and repairs. Keep in mind that paying these fees comes with perks, such as access to a community pool, fitness center or doorman service.
• You’ll have to follow rules. Each condo community has its own set of rules and regulations that all residents must follow. Look over these policies before signing anything to make sure that you’re ok with them. Restrictions can range from a no dogs allowed policy to rules on what you’re allowed to put on your front door. Also, look into the parking situation, such as how many parking spaces you have and where guests should park.
• You’ll want to find a condo with good management. Take a look at the minutes from board meetings to get a feel for how satisfied residents are with management and to find out if management is facing any pending lawsuits.
• You won’t have as much privacy. Remember that a condo is much like a town home or apartment. You’ll have a shared wall, possibly on both sides, which means the possibility of overhearing sounds from next door. You’ll also see your neighbors more often, so make sure you don’t mind having more frequent interactions with them.

Need more information on considerations when buying a condo? I look forward to hearing from you!