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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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Phil Brower, Realtor, Sherry Brower, RE asst
Realteam Real Estate Center
296 W Sunset Ave.
Coeur d'Alene, ID. 83815
Direct Line to Phil: 208-660-0072
Fax: 208-667-0292
Sherry's cell : 208-661-0191
Email: phil@lakecityteam.com
Email: sherry@lakecityteam.com

Phil has been a resident of the Inland Northwest for his whole life. He has lived in Hayden Lake, Spokane & Spokane Valley. He has had a boat on Lake Coeur d'Alene, the Spokane River and Priest Lake. If you are wanting to buy here, Phil is ONLY ONE CALL OR E-MAIL AWAY FROM HELPING YOU FIND THE RIGHT PROPERTY!! WHETHER IT'S A SMALL COTTAGE, A BRAND NEW HOME, A LUXURY WATERFRONT ESTATE, 5 ACRES OF RAW LAND, OR A DUPLEX, he is constantly previewing all newly listed properties. When he helps you to own a home (at no extra charge to you) he will give you his full attention starting with, LISTENING to your NEEDS & DESIRES, e-mailing you lots of PROPERTY PHOTOS to review privately, recommending experienced lenders with the BEST LOANS, suggesting favorite ACCOMODATIONS for your visit, showing you YOUR CHOICE of properties, negotiating for your BEST INTERESTS, recommending INSPECTORS who have a critical eye, TITLE Companies to expedite the paperwork, & recommending CONTRACTORS to make the property your own. Lake City Team specializes in helping you make your next move the best you've ever had!! Representing a dedication to his profession, Phil is a candidate of the Certified Residential Specialist designation. Phil would love to talk to you about your real estate needs and get you started toward owning property in North Idaho, so call him today! Are you wanting a to sell a property here?? Use Phil's excellent skills in pricing the property. SHERRY was a Realtor for 20 years, and sold over 500 homes. She is now Phil's assistant. Sherry loves to help market homes and uses the latest technology to make the best impression of the home. Unique flyers that show off your homes best features will bring many more buyers to view it. A personal web site of your home will introduce buyers near and far about your home, magazine advertising will alert readers to go to your home's web site. This is only one part of selling your home. Feedback on every possible showing will give you valuable information. Financial ramifications of an offer will give you details you need to know. Follow thru after an accepted offer will assure that you sell your house with the least hassle. Call Phil to get started selling your home today. You'll be glad you did.

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