Tacoma, Gig Harbor and University Place real estate and homes for sale in Washington, waterfront homes, view homes - Mike Flynn, REALTOR® Mike Flynn REALTOR(r) for Tacoma, Gig Harbor and University Place, Washington real estate, waterfront homes, view homes - NUMBER1EXPERT™ Mike Flynn NUMBER1EXPERT(tm) for Tacoma, Gig Harbor and University Place, Washington real estate, waterfront homes, view homes
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Mike Flynn, REALTORŪ, real estate agent and broker for Tacoma, Gig Harbor and University Place Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Financing Your Home >The Language of Financing

When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.

You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.

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Real Estate Trivia
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What kind of home construction is considered to be the safest in seismic areas?

A 
Straw-bale homes in seismic zones have proven resilient enough to withstand the shock of earthquakes.
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Mike Flynn, REALTORŪ, real estate agent and broker for Tacoma, Gig Harbor and University Place Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Flynn
John L. Scott/University Place

4970 Bridgeport Way W
University Place, WA. 98467
253-566-3889
253-222-5911
253-565-1010
Fax: 253-564-6004
Email: mikeflynn@NUMBER1EXPERT.com

Want local knowledge? Mike Flynn grew up right here in Gig Harbor and Tacoma, and has built a thriving, award-winning practice by helping folks succeed in their real estate goals. You can count on Mike for professional handling of your transactions, whether personal or for investment. Call or e-mail him today!

ABRCRSGRIREALTORSRES


John L. Scott/University Place real estate and homes for sale in Tacoma, Gig Harbor and University Place Washington

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