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About Ed Smith - Information about Ed Smith of Albuquerque and Rio Rancho, New Mexico? Testimonials - Read what Ed Smith's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more New Mexico home buying & property selling information is guaranteed by Ed Smith. Privacy Guarantee - This Albuquerque and Rio Rancho real estate web site will respect your privacy, guaranteed by Ed Smith. No Obligation Guarantee - Ed Smith's real estate help by email is free & without obligation for Albuquerque and Rio Rancho home owners in New Mexico. For Real Estate Agents - Let Ed Smith help you with your professional real estate broker and agent needs in the Albuquerque and Rio Rancho area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Ed Smith. Go to Main Sitemap - Main sitemap sections include Find Albuquerque and Rio Rancho Homes, For Home Buyers, For Home Sellers, Albuquerque and Rio Rancho Information, Real Estate Resources, and About Ed Smith. 
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Financing Your Home >The Language of Financing
When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.
You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.
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| Q |
What is the world's most valuable piece of furniture?
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| A |
The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars. |
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