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I would appreciate the opportunity to introduce myself and discuss your needs. My cell:908-447-8134.
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Request My Free Relocation Package!
Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate!
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From an OUT OF AREA BUYER
From day one Ellen made us feel as if we were her number one customer. We were not in the area for the majority of the dealings and Ellen consistently went above and beyond what is expected of a real estate agent. Moving is not fun, but because of Ellen, it was a lot easier than we anticipated. My family was so pleased with Ellen's commitment.
Dave
 
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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| Q |
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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Ellen Murphy
Coldwell Banker Residential Brokerage
209 Central Ave
Westfield, NJ 07090
Cell Phone: 908-447-8134
Fax: 862 345 2882
Office : 908-233-5555
ellenmurphy811@gmail.com
I am a leading agent with the Westfield NJ Coldwell Banker office. I have many years of experience in Union County real estate, including Cranford, Westfield, Mountainside, Scotch Plains, Fanwood and surrounding towns. I am skilled in the negotiating of sales and listings. I have market knowledge and personal experience as I have lived in the markets I serve. PLEASE CALL ME TODAY!
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