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It's our job to know EVERYTHING about Lake Havasu City! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
Financing Your Home >Hybrids Offer Low Rates In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.
Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.
Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.
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What is the longest construction time for a private residence?
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The Winchester House in San Jose, CA, was under construction for over 38 years. |
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Dominic Labriola, Broker
Concierge Service Properties
3269 Maricopa Avenue Suite 114-123
Lake Havasu City, Arizona 86406
Toll Free Direct: 888-854-5511
Local Lake Havasu: 928-854-5511
Fax: 928-223-5555
Email: DialDominic@gmail.com
Time is the most valuable resource, and we don't want to waste yours. Our team approach allows us to specialize. When you work with The Concierge Service Team, you don't just get one agent to work for you, you're working with an organized team of professionals. Search easy at www.HavasuHomesNow.com - Lake Havasu's Ultimate Home Searching website with Full Details, Large Photos, Maps and Satellite Views. Read our blog updated weekdays at www.DialDominic.Wordpress.com. Our area information site www.Havasu-Real-Estate.com has all of our featured homes and a gorgeous slideshow of photos of Lake Havasu City.
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