Albuquerque real estate and homes for sale in New Mexico - Don and Geri Padilla, REALTORS® Don and Geri Padilla REALTORS(r) for Albuquerque, New Mexico real estate - NUMBER1EXPERTS™ Don and Geri Padilla NUMBER1EXPERTS(tm) for Albuquerque, New Mexico real estate
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Don and Geri Padilla, REALTORŪ, real estate agent and broker for Albuquerque New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)
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It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 

The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. 

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Real Estate Tips
Financing Your Home >Watch Your ARMs Length

Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.

First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.

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Real Estate Trivia
Q 
What took over 30,000 workmen to construct and is considered the second largest palace in the world?

A 
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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Don and Geri Padilla, REALTORŪ, real estate agent and broker for Albuquerque New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Don and Geri Padilla
RE/MAX Masters

6705-A Academy Rd
Albuquerque, New Mexico
87109
505-275-3615
Toll Free: 800-753-2782
505-883-8979
Fax: 505-883-9244
Email: dongeripadilla@cs.com

Don & Geri know how to get results for your American Dream of owning a home. From the first-time buyer to the relocating family to the seasoned investor, they have the skills to help you plan for the future through real estate. They listen carefully to your goals to completely understand your individual needs, and they are easy to talk with.


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RE/MAX Masters real estate and homes for sale in Albuquerque New Mexico

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