What a Fixed Adjustable Interest Rate is & Whether it makes Sense to get One
A Fixed Arm is an interest rate that is fixed for a limited time and then switches to an adjustable rate. Most popular are three-, five- and seven-year fixed options. At the time of the adjustment, margins and indexes must be referenced to establish the new rate for your mortgage and the rate might adjust every six months, 12 months or possibly monthly depending on your product. When the housing market is at a high point and affordability is at a low point, Fixed Rate Adjustable Mortgages can be enticing and, in some cases, make a lot of sense. However, borrowers should know that a fixed arm is meant to increase savings, not limit your expenses. For example, if a borrower feels their 30-year rate and mortgage payment is too expensive for their budget, but an ARM loan gives them a payment they feel they can handle, they should be cautious. The potential for a high rate at the time of adjustment could cripple the borrower's budget and finances. However, if the borrower has an exit strategy for their ARM loan, then the choice can make great financial sense. This would be a case where the borrower plans to sell or refinance within the fixed portion of the rate. There are many instances where this is the case. The most common example would be borrowers nearing retirement. These borrowers may have a plan that includes terminating ownership in their current house and downsizing. Paying a lower rate on a fixed ARM makes great sense, since the downside of the adjustable loan will never come into play. Meeting with your local lender will help you determine the best loan program for your needs.
Andy Boron of Augusta Financial 291-2242

Completely Updated Happy Valley Home
This three-bed, two-bath single-story private cul-de-sac Happy Valley/Wildwood Canyon home boasts heritage oaks on the property - and so much more. Take advantage of the upgraded copper plumbing and electrical HVAC; enclosed attic; upgraded interior lighting and efficient dual-glazed windows. The refined interior is warm and welcoming, thanks to hand-scraped hardwood flooring and plantation shutters and custom moulding throughout. You'll love your new custom kitchen with built-in refrigerator; remodeled bathrooms and booming whole-house audio system. The exterior is equally impressive; the professionally-designed and installed pool, rock waterfall, outdoor cabana, built-in barbecue, hardscape, landscape, irrigation, wrought-iron fencing and exterior lighting and audio create an ambience of luxurious relaxation. $715,000
Kathy Watterson of RE/MAX Santa Clarita knows that relationships matter.
Put her 28 years of experience to work for you. 510-0321

Connect with your Homeowners Association's Board Members - or be One!
Homeowners associations offer great amenities to residents without the responsibility of maintenance. However, decisions regarding the community and amenities need to be made by a board of directors (BOD), which is comprised of residents in the community. The BOD serve their community by volunteering their time to learn about the needs and wants of the HOA's residents and making decisions based on the best interests of the HOA. Serving on the board has its benefits. The members are able to have decisive input on community improvements, they stay up to date on important community issues and they become an integral part of their neighborhood by getting to know the needs and wants of their neighbors. It is important that the board members contribute their perspectives and expertise to make responsible decisions for the betterment of the community. If you are looking for a way to be an integral part of your neighborhood, you have options. Seek out the members on the board and discuss your community or volunteer to be on the board so you can be part of the day-to-day decision making process. Love the community you live in today!
National Property Management Group 295-5966

Castaic at its Finest
Your new four-bedroom, three-bath beauty is cul-de-sac convenient and a generous 2,239 square feet. This home shows like a model with designer touches galore, including a remodeled kitchen with granite counters and stainless-steel appliances. The light-wood floors, custom staircase with backlighting and master bath with separate shower and oval tub (That fills from the ceiling!) are just a few of the gorgeous customizations you'll love. Wondering about storage? Don't! Your three-car garage has all you need and this home has privacy to spare, too; the generously-sized rear yard doesn't bump up against any neighboring homes. $595,000
Pam Ingram of RE/MAX Santa Clarita & Valencia creates clients for a lifetime with 23 years of serving the community, helping clients buy and sell their dream home. 312-4428