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Welcome to Kansas and Millwood Realty, Inc. Here You Can Find Great Information on Salina, Bennington and Lindsborg, Kansas Real Estate. Salina is located on two major Interstates, I-70 East and West and I-135 North and South. The legislation extends the First-Time Homebuyers’ Tax Credit of $8,000 through April 30, 2010. It also includes an expansion of the credit to current homeowners, who have consecutively maintained their home as their primary residence for five of the last eight years. The “move up” portion of the legislation provides a $6,500 tax credit to the current homeowners who are purchasing a new primary residence. It also has an April 30, 2010 deadline.
Call or text Cheri at 785-452-8139 for your personal showing!
 Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes. Need local real estate information? We've summarized much of what is important about the Salina, Bennington and Lindsborg real estate market in this site.
Click on the Local info button at the top of this page and select your town.
Need expert advice? No web site, large or small, can take the place of a top real estate agent. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job.
Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we 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 top Salina, Bennington and Lindsborg real estate agents, we have the experience and track record you are looking for. Please let us help. - Cheri Rayas at Millwood Realty
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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Fewer than 2 percent of homeowners build this type of home:
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Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
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