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<Back to Page			Property 373 of 400 Selections

8584 S 600 East, Columbia City, IN

$149,900

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Address: 8584 S 600 East	City/ST: Columbia City, IN	Zip Code: 46725
Property Type: Single Family Home	New or Resale: Resale	Square Footage: 2160
Bedrooms: 3	Bathrooms: 2	MLS# 200913722
Property Tax: 2147.46

Country property on nearly 5 acres. This home can be everything you are looking for. With some fix ups this home will be perfect.

Last Updated: 11/1/2009 12:36:51 PM

Listing Agent and Office: Angela Grable, Grable & Associates

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Financing Your Home >More On ARMs

Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.

One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.

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Q	What is the average age range of a second-home buyer in the United States?
A	Currently, second-home buyers in America are most often between 41 and 44 years of age.
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Jerry Morrow, REALTOR�, real estate agent and broker for Fort Wayne, Woodburn and Auburn, Indiana home listings, property and land for sale - NUMBER1EXPERT

Jerry Morrow
JMO Real Estate Group
6605 E. State Blvd. Suite 2
Fort Wayne, IN 46815
Direct: 260-485-0784
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Buyers and Sellers Wanted!!! BUYERS Please call (800) 869-9706 Your 24-hour information hotline or visit our website at www.jmoreg.com to learn on how to: -Purchase your new dream home with $0 money down -Get pre approved for a 5% fixed interest rate -Obtain a 1% adjustable interest rate -Simply gather general information about today�s ever changing market SELLERS Please call (800) 869-9706 Your 24-hour information hotline or visit our website at www.jmoreg.com to learn on how to: -Receive a free CMA for your home. Competitive Market Analysis -Get approved to buy a home without selling your current home -Learn how we help find prequalified Buyers to purchase your home -Simply gather general information about today�s ever changing market Call Today and see how I can Help. I Look forward to hearing from you. Sincerely, Jerry Morrow 260) 485-0784 jerry@JMOREG.com

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