Sellers

Owning a Home For the vast majority of us, owning a home is part of the American Dream. It not only gives us a place to call our own, but also lets us customize the place we live in so that it feels and looks just the way we want it to. According to studies conducted by the National Association of Realtors, 87% of those polled cited home ownership as the number one criterion for defining the good life.

 Selling your home is a big decision. In addition to financial considerations, you also will want someone protecting you and your property as buyers examine and make offers on your home. Also, when selling your home, you may be buying another home and will need help balancing your sale with your new purchase. What's in a price Getting down to payments Types of mortgages Financing information The price of a home is only part of the financial information you will need when making a purchase.

 can provide you with the most current mortgage interest rates, loan options and fees and information about additional costs that are a part of home purchases.Terms A loan on which the monthly payments will increase or decrease over time, based on changes in the ARM's interest rate index. ARM payments typically are adjusted every six months or once a year. Common indices to which ARMs are tied include the 11th District Cost of Funds, one-year T-note and six-month T-bill.