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Find Out About the Latest Lexington, Rockbridge County and Shenandoah Valley Area Homes for Sale Before Anyone Else! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the Lexington, Rockbridge County and Shenandoah Valley, Virginia area MLS, and even later on the national listings web sites, if at all. By signing up to receive my latest listings, I'll send you an email notice instantly -- as soon as my latest homes for sale go online. You'll find out first, before other Lexington, Rockbridge County and Shenandoah Valley buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Get an email as soon as my new properties come on the market in Lexington, Rockbridge County and Shenandoah Valley! There's no obligation, and you can stop my emails with one click. Just fill out this form to get started... 
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Financing Your Home >The Margin on an ARM When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.
Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.
If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.
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| Q |
What was considered the world's tallest building one hundred years ago?
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| A |
The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures. |
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