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CurtisJohnsonRealty, REALTORŪ, real estate agents and broker for Phoenix, Glendale and Mesa Arizona 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 
During what great land boom (1919) did investors pay up to $25,000 for lots that had not yet been dredged up from the ocean?

A 
The Florida Land Boom--Carl Fisher founded Miami Beach that year and brought hundreds of investors to the state.
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CurtisJohnsonRealty, REALTORŪ, real estate agents and broker for Phoenix, Glendale and Mesa Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Curtis Johnson
Curtis Johnson Realty

1839 S Alma School Rd, Suite 150
Mesa, AZ 85210
480-355-4000
Office: 480-355-4055
Sellers: 480-355-4040
Email: Leads@CurtisJohnsonRealty.com

A REALTOR who really cares, Curtis has built a solid base of satisfied homeowners. His business objective is to market properties for sellers and work for buyers to obtain the best home for them. Curtis has an extensive knowledge of the local real estate market.

Curtis holds several advanced professional designations including Graduate of the Residential Institute, Accredited Buyer Representative and he is one of the select few to obtain the Certified Residential Specialist designation. His areas of specialization include residential and income properties, relocations, "hard-to-sell" homes, and other challenging sectors of real estate. Curtis has been featured nationally on the cover of Realtor Magazine as well as locally in many publications for his innovative and aggressive marketing plans.

Curtis actively participates in local politics, projects of community service organizations, and is active in his church. In his leisure, he enjoys sports and spending time with family and friends. He and his wife, Marilyn, live in Chandler, AZ, with their two sons.

ABR CRS GRI MLS REALTOR


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