All agents are NOT alike! Find out why I am a top real estate expert. Call me: 248-982-7166.

Get Free Presentation On My Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >

"We wouldn't use anyone else! We love Roger!"
"He has done a phenominal job and I recommend him to everyone"
Tom and Tracie McDonnell
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Coming Soon
Find Out More >

Welcome > For Buyers > Find Your Perfect Home ...

Let Me Personally Search for a Home that Matches Your Criteria, for Free and Without Obligation.

As a top Novi, Northville and Farmington Hills real estate agent, I make it my business to be aware of every local home or property on the market. I even know of properties that will be available, but have yet to formally be placed on the market.

I have direct access to the Novi, Northville and Farmington Hills area MLS (Multiple Listings Service), and also to every other agents in the area and all of their listings.

If you give me some idea of what you are looking for, I will personally review all my sources of real estate listing information and send you everything within your price range that matches your criteria. I can save you a great deal of time!

This is a totally free service, and there is no obligation. It's part of my job to offer services like this to homebuyers.

Tell me what you are looking for! It's my job to know every property in Novi, Northville and Farmington Hills, even ones not listed online. My personal search for you is FREE and without obligation. Please give me as many details as possible...

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	About Your Move
When Are You Moving?
Where Are You Moving?
	About Your Home Search
Your Price Range?
Number Of Bedrooms?
Number Of Bathrooms?
Home Size In Square Feet?
	Additional Info
Please Enter More Details, Along With Any Comments, Concerns, Or Questions:
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >

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.

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What unique contribution did the town of Flushing, New York make to the American home?
A	The flush toilet was invented in Flushing.
See More Real Estate Trivia >

Roger Murray, REALTORŽ, real estate agent and broker for Novi, Northville and Farmington Hills, Michigan home listings, property and land for sale

Roger Murray
RE/MAX Classic
26870 Beck Road
Novi, MI. 48374
24 Hour Mobile: 248-982-7166
Fax: 866-868-4117
Email: rogermurray@NUMBER1EXPERT.com
It is my goal as your full service Realtor specializing in the Novi, Northville, Farmington Hills, West Bloomfield, Commerce, Wixom and surrounding areas, to provide you with superior service at all times. My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer.

www.RogerMurrayHomes.com is brought to you by Roger Murray, real estate for
Novi, Northville and Farmington Hills, Michigan

Read Roger Murray's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge