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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Tammy Billings & Associates
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If you are looking for a high quality of life you will find it in Rappahannock County. This scenic county is situated in the Northern Virginia region. It is bound by the majestic Blue Ridge Mountains to the west and the pristine Rappahannock River to the northeast. Owing to its natural environment, outdoor recreational opportunities abound. In Shenandoah National Park you will find great hiking, horseback riding, fishing, camping and more! In Rappahannock you will be greeted by southern hospitality and small town charm. Due to its influence from near by Washington D.C. this down-home nature is mixed in with big city finesse. Here you will enjoy fine dining, quality theater, and excellent wineries. There are worthy employers and thriving business owners. The schools can be trusted to educate and prepare your children for the future. Rappahannock is a great home for one and all!  Request our Free Culpeper, Rappahannock and Fauquier Relocation Package. It's packed full of useful and important information about the Culpeper, Rappahannock and Fauquier, Virginia area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
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Financing Your Home >ARMs
Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.
Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.
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| Q |
Where will you find the world's largest indoor waterfall?
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| A |
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
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