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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 318-447-1935.
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Find Out About the Latest Homes for Sale First!
I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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Makes Looking for a Home Fun!
Incredible?patient, thorough?confidence building
Michael S. Lopez
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 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
Leona Swanson is one of The Top
Selling Real Estate Experts™
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Special Offers: Special offers for Alexandria homeowners from Leona
Swanson, top Realtor |
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Affiliates: Leona Swanson's real estate web site affiliates |
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eNewsletter: Leona Swanson's Alexandria newsletter email will send you the latest
real estate information |
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Today's Real Estate News: Daily real estate news for this neighborhood, Louisiana, and United
States |
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Market Conditions Report: Market conditions report for this area, Louisiana, and United
States |
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Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
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How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
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Determine Tax Savings: Calculate how much your
monthly Alexandria Louisiana mortgage payments save you on your taxes because
of loan interest |
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Should You Rent or Buy?: Is it better to rent a
home in Louisiana or buy your own Alexandria house, ranch, luxury property,
condominium, acreage, or other real estate? |
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Maps and Links: Maps and
links from Alexandria |
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Adjustable Rate Mortgages: Adjustable rate
Alexandria mortgages information and interest rate java
calculator |
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What Is Your APR?: Determine the Annual Percentage Rate (APR) for your mortgage. |
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Fixed or Adjustable Rate Mortgage?: Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. |
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Are Balloon Mortgages For You?: Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers. |
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15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms. |
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How Much Should Your Income Be?: What income is required to qualify for a mortgage? Use this calculator to find out. |
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What's Your Maximum Mortgage?:This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount. |
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Will Buying Points Save You Money?:This calculator helps you determine if you should pay for points, or use the money to increase your down payment. |
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TripleCalc: FREE
Software Download: TripleCalc lets you compare three loans at one time for your
property or other Louisiana real estate |
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Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
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Ask Anything: Ask Leona Swanson
anything real estate |
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NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale |
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Real Estate Tips: Leona Swanson's realty library of real
estate tips and advice on everything from preparing your home for sale to
negotiating with home buyers to escrow, closing costs, property inspections,
and mortgage brokers |
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Real Estate Trivia: Leona Swanson's collection of real estate trivia questions and
answers that include real estate topics such as the most expensive home,
largest swimming pool, and more |
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Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Alexandria property in Louisiana, including legal terms definitions, and
more |
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Financing Your Home >Watch Your ARMs Length Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
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| Q |
What is the largest city square in the world?
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| A |
Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
