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Thanks for visiting JOHN NICHOLS REAL ESTATE GROUP website. This is where you can find extensive Information on Chittenden County real estate including Burlington, South Burlington, Colchester, Shelburne, Williston, and Essex Vermont Real Estate  If you're looking for homes, you can search everything the web has to offer, right here! Please don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the Burlington, Colchester, Shelburne and Essex real estate market in this site. Need expert advice? No web site, large or small, can take the place of a real estate agent. Not even mine! This site is filled with ways that you can contact Robbie or me 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 free and without obligation. Why? We want to be YOUR real estate agent. As your trusted, professional real estate partner, Robbie and 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 or selling a home is one of the biggest events in your life. Buyer's Specialist Robbie Crouch and I have the experience and track record you are looking for. Call, email, or text us now! Team Leader: John Nichols - call or text 802-488-0905 - Email: JohnNichols@Number1Expert.com Buyer's Specialist: Robbie Crouch - call or text 802-734-0832 - Email: RobbieCrouch@gmail.com
Financing Your Home >ARMs
Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.
Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.
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| Q |
What are the characteristics of classic Queen Anne architecture?
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| A |
Queen Anne homes are the most elaborate, romantic and feminine of all Victorian Homes. |
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