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Worried about losing your home? I will help you explore options. Call me: (704)737-7653.
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"Neal came highly recommended..."
"Less than 2 weeks after he put up his sign, he had an acceptable offer for my house..."
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**As a Certified Distress Property Expert, I am trained in the procedures and strategies it takes to negotiate a successful short sale transaction. If someone you know is behind in their payments or is about to be and needs advice on solutions to this problem, give me a call or email. I'll gladly discuss their options and get them started toward a way out of this scary situation. My direct line is 704-737-7653 and email: neal.pender@remax.net** We handle real estate in greater Cabarrus County (Concord, Harrisburg, Kannapolis), Lake Norman (Huntersville, Cornelius, Mooresville, Davidson) and greater Charlotte, North Carolina. Since 1996, I've helped first time buyers and sellers, upsizers, downsizers, out of town relocating buyers and sellers, investors and "distressed sellers" (those in danger of foreclosure).
The way we do business is different from most agents. We take a "counselor" approach where we give honest advice about all your options (whether buying or selling) and keep you informed along the way. You won't get a pushy sales pitch from us. Just educated, seasoned advice and negotiating skills working on your behalf. I look forward to helping you and your family. 
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Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the Concord, Lake Norman and University City real estate market in this site. Need expert advice? No web site, large or small, can take the place of a top real estate agent. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top Concord, Lake Norman and University City real estate agent, I have the experience and track record you are looking for. Please let me help. - Neal Pender |
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Financing Your Home >The Margin on an ARM When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.
Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.
If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.
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| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
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Home Loan Counselor
For an excellent source with your questions about home loans contact Ben Maynor with JMB Mortgage at 704-549-4848 extension 1.
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- NUMBER1EXPERT™ 
