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For Home Buyers:
Why Buyers Choose Kelly Ellerbrake - Why homebuyers looking for a real estate agent in the O'Fallon, Scott Air Force Base and Shiloh area choose Kelly Ellerbrake. Latest Listings - Get Kelly Ellerbrake's latest O'Fallon, Scott Air Force Base and Shiloh listings of homes for sale first! Find Your Perfect Home - Kelly Ellerbrake will search for your ideal home and email you the newest O'Fallon, Scott Air Force Base and Shiloh MLS listings of properties in St. Clair County IL. First Time Homebuyers - Are you a first time homebuyer in O'Fallon, Scott Air Force Base and Shiloh, IL? Choose a top real estate agent. Kelly Ellerbrake can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your O'Fallon, Scott Air Force Base and Shiloh house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find O'Fallon, Scott Air Force Base and Shiloh Homes, For Home Buyers, For Home Sellers, O'Fallon, Scott Air Force Base and Shiloh Information, Real Estate Resources, and About Kelly Ellerbrake. 
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Real Estate Tips
Financing Your Home >The Margin on an ARM When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.
Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.
If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.
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Real Estate Trivia
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Where was the actual location of the fictional Genovian Consulate in the 2001 Disney comedy, "The Princess Diaries"?
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| A |
The historic Doheny mansion, located on the campus of Mount St. Mary's College, near downtown Los Angeles. |
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Kelly Ellerbrake
RE/MAX Preferred
1668 Windham Way
O'Fallon, IL 62269
Phone: 618-632-0001
Fax: 618-632-7865
Email: kellyellerbrake@NUMBER1EXPERT.com
Kelly Ellerbrake has been a licensed Realtor for 16 years. She has been a member of the Scott Air Force Base and surrounding communities since 1980. As the daughter of a retired Air Force Colonel, she understands relocating! Kelly is a Certified Residential Specialist (CRS) and has helped more than 600 families relocate by assisting and supporting them with her unique buyers and sellers programs! Contact Kelly today to see why she is the area's #1 Real Estate Expert!    
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