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All agents are NOT alike! Find out why we are top real estate experts. Call us: 504.488.8600.
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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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Very Professional Work “Anyone whom thinks that real estate costs are not reasonable compensation needs to contact me for a briefing.” Mr. Max Kimble Read Quote > View All Quotes >
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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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| Q |
Which home is #1 on the Top 10 list for most-visited Historic Home in the United States?
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| A |
Graceland, the palatial home of Elvis Presley in Memphis, TN, attracts 600,000 visitors a year. |
See More Real Estate Trivia > |
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*Billy Burk and GiGi Gaubert Burk Burk Brokerage, LLC Licensed in Louisiana 6260 Vicksburg, Suite A New Orleans, LA 70124 504-488-8600 : office 504-488-8424 : fax Licensed in Louisiana
*Billy and GiGi Burk are two of America's NUMBER1EXPERTS™ in the Greater New Orleans area. They have a proven track record that few agents can match! With over 20 years combined experience, these two professionals offer the highest level of service and dedication, adding value far beyond the commissions earned. Burk Brokerage is continually "Redefining Real Estate" by offering expert service on an unparalleled level, making you their Number 1 Client. With a team of professionals providing a wide range of services from landscaping and decorating advice to tax and financial assistance, and backed by over ten years of top producing Real Estate experience, Burk Brokerage is sure to redefine your real estate experience.
Selling Lakeview, Lakefront, Uptown, Old Metairie, Metairie, Mandeville and Covington.
* Billy Burk is co-owner and manager of Burk Brokerage and is not a licensed Realtor in the state of Louisiana. 

 
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