Essex, MD

FHA is now offering ARMS again!

Yes indeed! You heard right! Buyers now have the option to use either the 3/1 ARM or the 5/1 ARM when purchasing a new home which enables them to qualify for more house since they will qualify at the 1st year note rate.

Today's rate (5/2/09) is:

3.75% with 1 Origination point for a 54 day lock. Caps 1/1/5 Margin 2.0

THe 5/1 ARM is slightly higher of course but it has Caps of 2/2/6 which clearly makes the 3 year arm a much more attractive choice. Since the 3/1 ARM has the 1% per year cap in 2 years the rate at worst would be 5.75%. THe cap for the life of the loan would be maxed out at 8.75% but if the circumstances of the buyer would fit this type of situation the ARM might be a great alternative for them.

VA is also offering a ARM but we must call into marketing for quotes on these.

ARE YOU SEARCHING FOR A FREE ONLINE REAL ESTATE WEBSITE THAT SHOWS YOU ALL OF THE HOMES FOR SALE IN ESSEX MARYLAND?

Then make sure you visit: http://www.isellmdhomes.com/

ON THE SITE YOU WILL FIND LINKS TO:

• Guaranteed Home Sale Program Long and Foster guarantees that you will sell your home or THEY WILL BUY IT, GUARANTEED! If you are Building a NEW HOME in Maryland, ready to sell your Maryland Home and want an agent to help you purchase a new one too, or are 62 years of age or better, you should qualify for this EXCLUSIVE PROGRAM! It will give you the peace of mind that you are looking for in today's volatile market!
  
• FREE Property Searches Direct from the same MLS system the agents use for ALL of the active Essex Homes currently on the market and you will even see their addresses too! And don't forget that you can also search for Open House dates in the areas of Essex Maryland that you are interested in moving to!
  
  
• FREE Online Home Evaluation of your current Essex Maryland Homes value!
  
  
• FREE Listings Notification so you are notified Instantly when a Essex Maryland Home comes onto the market that meets your customized set criteria!
  
  
• FREE Home Seller Articles Important Tips and Information for all Essex Maryland Home Sellers who are considering selling their homes soon!
  
  
• FREE Home Buyer Articles Important Tips and Information for all Essex Maryland Home Buyers who are considering buying a home soon!!
  
  
• FREE For Sale By Owner Reports If you want to try to DO IT YOURSELF and Sell your Essex Maryland Home on your own, you MUST READ my Exclusive For Sale By Owner Report!
  
  
• FREE Relocation information Important Tips and Information regarding Relocating to Essex Maryland!
  
  
• FREE Pre-Approvals So you can qualify to obtain a mortgage for your New Essex Maryland Home!
  
  
• FREE Interest Rate Calculator So you can calculate what you will be able to afford when qualifying for your Mortgage. This will help you determine how much of a home you can afford and will make the process much SMOOTHER when purchasing your New Essex Maryland Home!
  
  
• FREE Tools and Links So you can find out everything that living in Essex Maryland has to offer to you and your family!
  
  
• FREE E-NEWSLETTER sign up for updated information and tips for your maintaining, staging, and selling your Essex Home!

AND AS ALWAYS IF YOU HAVE ANY MORE REAL ESTATE QUESTIONS, COMMENTS, OR CONCERNS PLEASE FEEL FREE TO CONTACT ME AT YOUR CONVENIENCE!

Michael D. Klijanowicz
Multi-Million Dollar REALTOR®
Long & Foster Perry Hall

(800) 514-7355 X 3158 Office
(410) 236-3331 Direct on Cell

http://www.isellmdhomes.com/

Serving Buyers & Sellers in the
Greater Baltimore & Harford County Maryland Metropolitan Areas

"Creating lifelong Relationships with ALL of my clients"