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Many Thanks!

Michael was very patient with my multiple questions and requests. As a result of his knowledge and experience, I learned a lot during the process. I feel like I was a more savvy and educated buyer because of the time he spent with me. He was a huge asset to the purchase of my home, especially during this tumultous time in the economy. I love my house and am grateful he was my agent.
Many Thanks,
Cynthia Fisse 

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School Reports in San Mateo, Hillsborough and Burlingame , California
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Real Estate Tips
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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Real Estate Trivia
Q 
What is considered the oldest surviving non-native building in the U.S.?

A 
The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.
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Michael Robles, REALTOR®, real estate agent and broker for San Mateo, Hillsborough and Burlingame, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Michael Robles
Coldwell Bankers Previews International

1427 Chapin Avenue
Burlingame, CA 94010
Phone: 650-637-9900
Fax: 650-347-4067
Email: Mike@AgentRobles.com

I am an experienced real estate professional with incomparable knowledge of Burlingmae, San Mateo, Hillsborough and the surrounding areas. I have over 20 years real estate experience. I can assist you during the home buying or selling process. I welcome the opportunity to serve you.


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