About Our Team

Hello and thanks for visiting our blog! We are the Exit Right Realty “Dream Team” and we are dedicated to “Helping Families Achieve the American Dream”. Our team is comprised of Local Real Estate Professionals that have proven records of accomplishment of achieving our client’s real estate goals. Our Team consists of Shataa Whittle & Milissa Alonso Bell, and together we have made it our mission to collaborate and help at least 200 families achieve their real estate goals this year. We are Licensed Professional Listing, Buyer and Sales Agents licensed in Washington D.C. - District of Columbia & Maryland- MD.


We have helped many clients accomplish their goals. Based on our experience, finding the perfect house, condominium or housing complex does not have to be difficult. As Licensed Real Estate Professionals, we can assist you with locating your Dream Home. Luxury Condo, Apartments in DC / MD, New Development Projects, Newly Constructed Developments, and Luxury Apartment Homes are also accessible to me thru the MLS. If you are in the market and looking to find that perfect Loft, Single Family Homes, Multi Family Properties, Commercial Rental and For Sale Property, Co-op Developments, Investment properties we can assist you with locating any one of these properties also. Foreclosures, REO Bank Owned Properties, Luxurious Town homes, Water Front Properties, and / or finding land to build your new dream house, then we can help. As Licensed Realtors, It does not matter if you are looking for city life / urban communities, suburban / country areas, or Historic Locations, we can help you find it.


“A One Stop Real Estate Shop”, is what many have called our team and we are dedicated to taking a stand for the best interests of our clients. When working with us, you will experience professional Real Estate Agent services that considers their clients and works in their best interest With all the different local brokerage companies to choose from ( i.e.GRM , Remax, Long & Foster, Exit, Keller Williams, Century 21, Fairfax Realty, Coldwell Banker, Prudential etc…) and all the different factors to choose, you are truly in good professional care when you allow us to represent you as a client.

Monday, August 9, 2010

Mortgages: Fixed Rates, ARM...

TYPES OR MORTGAGES

There are so many different types of mortgages that a person could get confused. The information below should help keep you on the right track and help to make sure that you are informed. It is important to be informed as it relates to your mortgage products. Lenders are available and can help you to understand mortgages better. However, as agents, we want to make sure that we are able to provide helpful information to all of our clients. Please see the different types of mortgages below. These are the major ones to be on the look out for. Remember, in all of your wisdom, make sure you have understanding!

  • Fixed Rate Mortgages - Loans were the interest rates never change offering the same principle and interest payments  monthly. This does not include Taxes, Insurance, PMI, or any other state and local fees associated with your loan.
  • Adjustable Rate Mortgages - usually starts with a lower interest rate and adjust periodically based on an index that reflects changing market interest rates.
  • Balloon/ Reset Mortgages - mortgages reset at the end of 5 or 7 years which at the end of that time you must sell your house or get a new loan called a refi.
  • Graduated Payment Mortgages - This mortgage starts out with lower monthly payments, then over a period of years, the payments go up slowly
  • Interest Only Mortgages - Monthly interest only loans require that the borrow pay the balance for the first 5 or 10 years. Interest only periods do end, please be sure to ask your lender about the terms and conditions
  • Option ARMs - Flex monthly payments that the borrowers choose how much to pay from one month to the next based on a few choices.
Always shop around for the best mortgage rates, terms and conditions. Don't forget to get your good faith estimate. You should get it shortly after you have submitted an application...

We hope this information helps. If you want to discuss further, please do not hesitate to contact us and we will be happy to answer any question you may have.




Posted by "The Dream Team" at 10:38 AM

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