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Introduction
Welcome to OCCoastRealty.com! Your premier Orange County Real Estate Information Resource. Whether you're a first time home buyer or a seasoned investor, you can count on OCCoastRealty.com to have the most current information. OCCoastRealty.com will help you to make educated decisions.
Buying A Home
Buying a home will be one of the largest investments you will make. It is a dream we all have. There are just two important steps toward your home ownership.
Selling A Home
Selling your home is just as straightforward as buying a home. Once again, it's only a question of understanding the sales process and obtaining the assistance of a professional Realtor© to help you market your property at the best value within a reasonable time frame.
Financing A Home
Our depth of knowledge provides you the best insight into choosing the best financing options available in the market today. Whether it is getting your first home loan or refinancing your existing loan, we will work to make the process as smooth as possible.
Relocating
Relocating? Leaving our area? Or just coming in? We would be honored to help you through the entire process. Let us put OUR experience to work for you!
Foreclosures
Foreclosure is the process in which the lender recovers the amount owed on a defaulted loan by selling or taking ownership of the property securing the loan. OCCoastRealty.com has all the lastest foreclosure and bank-owned properties in Southern California.
Find A Realtor
We maintain a strong continuing education program for our associates. We believe that as the level of sophistication of the buying and selling public increases, the level of service, education and quality of service of our Agents must likewise improve.
About Us
Today's real estate market is changing. Whether your buying, selling or just want to keep up with the latest trends, OCCoastRealty.com will provide you with the most accurate and up to date information.
Contact Us
OCCoastRealty.com is located at 668 Coast Highway, Laguna Beach, CA 92651. Or call 949.302.7757.
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Fixed Versus Adjustable Rate Mortgages
By Robert Rosefsky, Personal Finance 8th edition, John Wiley & Sons, NY, 2002.
Which One Should You Choose?
Choosing between a fixed rate loan and aa adjustable rate loan is one of the most perplexing choices anyone can make. With a fixed rate loan, you know exactly where you stand today, and where you’ll stand any number of years from today. The fixed rate is easy to understand, and it holds no surprises for you. The adjustable rate loan may look more attractive because it will generally have a lower starting interest rate. And, of course, there’s always the hope that interest rates may go down. In deed, in recent years, the have gone down.
How To Decide
One of the simplest rules of thumb in making the choice is to determine as best you can, how long you expect to be living in the dwelling, with the mortgage. If the base rate on the adjustable loan is 2 to 3 percentage points lower than the fixed rate that might be otherwise be available to you, and if you are reasonably certain that you will be in the house no longer than three to five years, then the adjustable rate loan will probably be better for you. On the other hand, if you expect to be in the house for five to seven years or longer, the fixed rate loan will probably be better for you. It won’t necessarily be cheaper over the long run, but it will be more stable, and that stability is very important for you in the overall management of your finances. Put another way, over the long pull, you may end up having paid somewhat more in interest but you will have gained considerable peace of mind over the long term. And that is certainly worth considering.
One More Perk
Another feature of the adjustable rate loan should be noted: commonly, adjustable rate loans are assumable by a creditworthy buyer. In other words, having an assumable loan might make it easier for you to sell your home in the future; if the buyer wants to take on your existing assumable loan.
How They Sweeten The Pot
Many lenders offer added attractions to their adjustable rate plans, and new ones are occasionally introduced. There are special plans for first-time buyers. There plans that allow very low down payments, with outside parties (such as an employer) being permitted to contribute part of the down payment. There are plans that start out as adjustable rate loans which carry an option to switch at some later time to a fixed rate loan. And there are plans that start off at a fixed rate but can be converted to an adjustable rate at some agreed upon future time.
OC Coast Realty - Offering Orange County Real Estate and Orange County Homes For Sale. Please use our MLS Home Search to find any Orange County Commercial real estate listing, Orange County Investment property, Luxury Orange County Home, Orange County foreclosure or Orange County Townhome.
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