Hope Mills, Fayetteville, and Ft. Bragg real estate and homes for sale in North Carolina - Team Harris--Wendy and Jim Harris, REALTORS® Team Harris--Wendy and Jim Harris REALTORS(r) for Hope Mills, Fayetteville, and Ft. Bragg, North Carolina real estate - NUMBER1EXPERTS™ Team Harris--Wendy and Jim Harris NUMBER1EXPERTS(tm) for Hope Mills, Fayetteville, and Ft. Bragg, North Carolina real estate
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Team Harris--Wendy and Jim Harris, REALTOR®, real estate agents and broker for Hope Mills, Fayetteville, and Ft. Bragg North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Financing Your Home >Convertible ARMs

Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.

Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.

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Real Estate Trivia
Q 
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?

A 
Real Estate--it goes through cycles, but still has a long-term record of strong investment return.
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Team Harris--Wendy and Jim Harris, REALTOR®, real estate agents and broker for Hope Mills, Fayetteville, and Ft. Bragg North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Wendy Harris and Jim Harris
Team Harris Real Estate

1400 Hope Mills Road
Fayetteville, NC 28304
Tel: 910-433-2724
Toll-free: 800-428-2748
Fax: 910-484-2414
Email: Homes@TeamHarris.com

Jim Harris began in real estate in 1998. He has long been known as one of the most successful Realtors in the Greater Fayetteville Area. Wendy, his daughter, moved back to Fayetteville in October 2001 to assist Jim in his retirement transition. Wendy jumped into the business with both feet and has never looked back. Wendy is a licensed broker, ABR (Accredited Buyers Representative), ASP(Accredited Staging Professional), and CRS(Certified Residential Specialist). She serves on the Board of Directors for the Fayetteville Regional Association of Realtors and Fayetteville Area Habitat for Humanity. She is Chair of the Leadership Fayetteville Alumni Association, a member of the Home Builders Association, the Chamber of Commerce, and the Military Actions Council. A graduate of Star Power University, Wendy also has a bachelor’s degree in International Business, and a minor in Spanish from St. Andrews College in Laurinburg. She loves to travel, and is married to Eduardo.

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