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Mansfield-South Arlington Real Estate
The phenomenal growth of Mansfield has made it one of Tarrant County?s most desirable cities. The Real Estate Market in Mansfield and South Arlington offers a wide range of prices and styles in both new and existing construction. The quality of housing developments, in and around Mansfield, is outstanding. Many of the larger projects contain numerous amenities such as access to golf course, swimming pools, tennis courts, playgrounds, natural lakes, and jogging trails. In striking contrast to other major metropolitan areas, the Dallas/Fort Worth Metroplex offers prospective homebuyers an excellent value for their housing dollar. In fact, our area typically enjoys an enviable rank in the lower half of most national comparisons of metropolitan area housing costs.
Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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| Q |
Who received the largest land grant ever given to an English subject for only two beaver skins per year?
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| A |
William Penn, the Quaker leader, received Pennsylvania and Delaware to settle a debt owed his father by King Charles II. |
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