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Sold - Wonderful home in Oconee County

$144,900

Photo of 1031 Jeremy Drive, Watkinsville, GA, 30677.

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Address: 1031 Jeremy Drive	City/ST: Watkinsville, GA	Zip Code: 30677
Location: 1031 Jeremy Drive	Property Type: Single Family Home	New or Resale: Resale
Bedrooms: 3	Bathrooms: 2	MLS# 912638

This wonderful 3 bedroom 2 full bath home is located in Morgan Manor, just minutes from historical downtown Watkinsville, Georgia. Be sure to take the visual tour of the home!

Last Updated: 3/11/2010 10:42:05 PM

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The home has laminate floors in the kitchen, and great room. A nice wood burning fireplace, built in desk, fantastic deck, and a park like fenced in back yard!

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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 took over 30,000 workmen to construct and is considered the second largest palace in the world?
A	The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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Jim Clauser, REALTOR�, real estate agent and broker for Athens, Watkinsville and Colbert, Georgia home listings, property and land for sale - NUMBER1EXPERT

Jim Clauser
RE/MAX Associates Athens - Oconee, Inc.
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Athens, Georgia 30606
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