Mandeville and Covington real estate and homes for sale in Louisiana - Stevie Mack, REALTOR® Stevie Mack REALTOR(r) for Mandeville and Covington, Louisiana real estate - NUMBER1EXPERT™ Stevie Mack NUMBER1EXPERT(tm) for Mandeville and Covington, Louisiana real estate
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Real Estate Tips
Financing Your Home >Hybrids Offer Low Rates

In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.

Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.

Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.

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Real Estate Trivia
Q 
What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?

A 
The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture.
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Stevie Mack, REALTORŪ, real estate agent and broker for Mandeville and Covington Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Stevie Mack
Latter & Blum Inc/Realtors

Licensed in Louisiana
1321 W. Causeway Approach
Mandeville, LA 70471
Main Phone: 985-626-5687
Mobile: 985-630-1934
Mobile: 985-630-9101
Fax: 985-626-4112
Email: steviemack@latterblum.com

WATERFRONT & LUXURY PROPERTY SPECIALIST Stevie's tremendous success in residential real estate is the result of a true enthusiam and caring for people and their needs. The results are impressive for this professional. ** Over 25 years as a top realtor ** More than $200 Million sold over the last decade ** #1 in Residential Sales on New Orleans North Shore (St. Tammany Parish) 2002-2010 ** #1 Greater New Orleans area Top Producer as recognized in City Business 2006-2009 ** Number 8 nationally within ERA (out of over 25,000 agents) Her personalized style has resulted in many clients becoming lifelong friends and an impressive list of repeat and referral clients. As a northshore native, Stevie's knowledge of the homes and communities of this area is unparalleled. This includes a specialized knowledge of WATERFRONT and ESTATE PROPERTIES. An Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated. All information is subject to verification and is not guaranteed. Latter & Blum Inc/Realtors is a licensed real estate brokerage firm in Louisiana Latter & Blum Inc/Realtors, 1321 W. Causeway Approach, Mandeville, LA 70471, USA Main 985-626-5687.

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