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"I want to thank you both so much... "
I want to thank you both so much for the help you gave Jane and me to get the unit ready for conveyance – assistance well above and beyond the usual services that real estate brokers provide. From taking care of the fire inspection, garage door opener, furnace repairs, etc., and Richard’s arranging for refuse pick-up, you both made the experience of selling my folks’ home much easier than we anticipated, especially because we had virtually to commute from Long Island every weekend to get it cleaned and Concordia’s rules regarding garbage removal complicated matters. Jane and I constantly repeated to each other, “We chose the right brokers.” I would be pleased to recommend you to anyone selling his home.
Jack K. Feirman
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Interest Rates >Locking in Loan Rates
It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options.
While you are in the process of applying for your mortgage loan, interest rates will most likely fluctuate from day to day and week to week. If you want assurance that the wonderfully low interest rate on your loan will not increase while you are waiting for loan approval, ask for a rate lock. A conventional rate lock is a guarantee from the lender that your mortgage will carry a particular interest rate, with specific, predetermined points and fees.
The interest rate is "locked in" for a specified period of time, usually thirty days. When you call a lender for a rate quote, ask how long that rate will last for. If you think you might need more than thirty days to complete your home purchase or refinance, tell your lender how many days you will require, and they will give you an adjusted rate quote.
Rate locks are especially useful if interest rates are on the upswing, and you are concerned about ending up with higher monthly payments. If you cannot afford the risk of a further interest rate increase, lock in your loan rate now.
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What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?
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The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture. |
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