Listing Details: Branson, Kimberling City, Shell Knob and Table Rock Lake, Missouri Real Estate Listings & Homes For Sale Provided by Jim Strong

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Feature Property - Lake Front Showcase Condo on Table Rock

$294,900

Photo of 730 Emerald Pointe Dr 9 236, Hollister, MO, 65672.

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Address: 730 Emerald Pointe Dr 9 236	City/ST: Hollister, MO	Zip Code: 65672
Location: Emerald Pt Lake Front Condo on Table Rock	Property Type: Condos/Patio Homes	New or Resale: Resale
Square Footage: 1600	Bedrooms: 3	Bathrooms: 2 full, 1 3/4 baths
MLS# 331933

Spectacular Lake Front Showcase Condo on Table Rock Lake. Original owners. Gorgeous big body views-end unit-custom top to bottom. Granite counters, 3 bedrooms, master bedroom looks over the lake. Garage included. Must see! High and dry for boat storage.

Last Updated: 8/24/2010 2:03:47 AM

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Financing Your Home >Mortgage Terms

New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.

Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.

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Q	To what process do the terms closing, escrow, settlement and passing papers refer?
A	These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
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Jim Strong, REALTOR�, real estate agent and broker for Branson, Kimberling City, Shell Knob and Table Rock Lake, Missouri home listings, property and land for sale - NUMBER1EXPERT

Jim Strong
Carol Jones Realtors
1484 State Hwy
Branson, MO 65615
417-337-4311
Fax: 417-336-1199
jimstrong@NUMBER1EXPERT.com

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