Lake Hartwell, Lake Keowee and Anderson South Carolina real estate listings, home buying, selling and relocation information

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For Sellers: Lake Hartwell, Lake Keowee and Anderson South Carolina home buying, real estate listings, and homes for sale in Anderson County, SC

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Financing Your Home >The Language of Financing

When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.

You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.

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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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Greg O'Leary, Mr. Lake 1, REALTORŽ, real estate agent and broker for Lake Hartwell, Lake Keowee and Anderson South Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Greg O'Leary, "Mr. Lake 1"
RE/MAX Foothills Realty
4022 Clemson Blvd
Anderson, SC. 29621
864-933-4648
864-933-4623
864-231-8306
Fax: 864-224-9970
Toll Free #: 1-888-687-5665 ext 138
Email: mrlake1@NUMBER1EXPERT.com
Greg's thorough knowledge of Lake Hartwell and Greater Anderson's real estate market coupled with integrity, enthusiasm, and a willingness from experience to understand buyers' and sellers' needs, has allowed Greg to help hundreds of relocating and local clients. 90% of his clientele come from existing and repeat clients, which has distinguished Greg with several awards, including, #1 with the Anderson Association of Realtors and the Carolinas Top 20 RE/MAX Award and a member of the RE/Max Hall of Fame. He has expanded to the Mr Lake 1 Group which includes his wife Evelyn. The Mr Lake 1 Group prides itself in being a totally comprehensive team, committed to serving their clients' varied needs. Whether your needs are lake property, farmland, acreage, residential or commercial property, Greg can be of help.

www.mrlake1.com is brought to you by Greg O'Leary, Mr. Lake 1
NUMBER1EXPERT™ in real estate for Lake Hartwell, Lake Keowee and Anderson, South Carolina, lakefront and waterfront properties

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