"Integrity to look after my interests"
"I really think Binali came through for us in every way possible. Back in 2001, when we bought with her for the first time, Binali assisted us all the way - showing us appropriate homes, negotiating on our behalf, being responsive and generally taking care of our interests. Despite the fact that we were not purchasing a multi-million dollar property. When we chose to move to a different home in the same area in October 2007, it did not occur to us to work with anyone else but Binali. This was an interesting time in the market - sales were softening yet sellers were not negotiating. On our purchase, Binali assisted us in securing a house that was of interest to at least two other parties without losing us money. In fact, she assisted us in requesting and obtaining appropriate "repair" funds from the sellers. On the sale side, we had a conditional offer on the very first day. The prospective buyers, who ultimately bought the house, were extremely risk averse individuals who wanted to be sure that they were in a position to waive all contingencies on their offer. Binali spent several hours with both parties (our buyers and ourselves) to arrive at a middle ground that was creative and worked for everyone. Ultimately, I think we did very well in a market that was beginning to soften. If we were to move again we would definitely choose Binali. More than anything else, I trust her judgement and believe that she has the integrity to look after my best interest.”
Sarbari Banerjee-Rothe, Short Hills
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Financing Your Home >Convertible ARMs
Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.
Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.
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| Q |
Fewer than 2 percent of homeowners build this type of home:
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| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
 See More Real Estate Trivia > |
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Binali
Patel
RE/MAX Achievers
315 Springfield Avenue
Summit, NJ 07901
Mobile: 973-715-3535
Office: 908-522-9444
Fax: 973-376-0404
binalipatel@number1expert.com
As
a buyer agent, my goal is to help you find a home that best meets with your
needs and at BEST PRICE & terms. "I take the real estate needs of my
clients extremely seriously -after all it is the biggest personal financial
decision they entrust me with" |
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