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Reduced - Remarkable Condition!

$160,000

Photo of 16800 E 43rd Street, Independence, MO, 64055.

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Front of Home

Address: 16800 E 43rd Street	City/ST: Independence, MO	Zip Code: 64055
Location: Kerrington Woods	Property Type: Single Family Home	New or Resale: Resale
Bedrooms: 3	Bathrooms: 2 full, 1 half	MLS# 1674657
Property Tax: 2166

Remarkable condition! The woodwork looks new! Fresh paint, new hardwoods, ceramic tile floor and you should see the yard! Great corner lot with lots of trees and fabulous landscaping! Serene setting. All appliances stay with home including the washer and dryer. HUGE closet in master bath. Double sinks and jacuzzi tub plus a linen closet.


Dir:	Lee's Summit Road to 43rd St. E to house, home on left.
Add Rmk:	Two bedrooms up have big closets and both have "play/storage" areas. Upstairs has a full bath and extra storage. Furnace is one year old.

Last Updated: 7/19/2010 5:30:26 PM

Listing Agent and Office: Robin Clark, Reece and Nichols/Eastland

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Financing Your Home >The Margin on an ARM

When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.

Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.

If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.

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Q	What economic factor can make the purchase of a home an excellent long-term investment?
A	Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.
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The Clemons Home Team, REALTOR�, real estate agent and broker for Kansas City, Blue Springs, Lee's Summit, Liberty, Kearney, Independence and Platte City, Missouri home listings, property and land for sale - NUMBER1EXPERT

Linda Clemons
Reece & Nichols
9601 NE Barry Road
Kansas City, MO 64158
816-407-5223
Fax: 816-781-4639
iclemons@reeceandnichols.com
The Clemons Home Team is your leading source for all of your greater Kansas City, Kearney, Blue Springs, Independence, Lee's Summit, Platte City and Liberty real estate needs. Whether you are Buying or Selling a home, We know that it is one of the biggest events in your life and we are here to help you through the process.

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