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Supporting Our Community ...
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THE BACK-TO-SCHOOL BACKPACK PROGRAM |  | | Rendee Burns giving Lady Di Cordoza of Cobb Mountain Elementary school free backpacks |
 Every Summer before the new school year starts we do THE BACK-TO-SCHOOL BACKPACK PROGRAM. This is to buy as many backpacks as possible to donate to elementary schools throughout Lake County. This last year we distributed 85 backpacks, purchased through the generosity of the local community. For several years Rendee has organized this program to ensure that children in need of a backpack can be given one. Di Cordoza of Cobb Elementary School said Rendee was a favorite of the many students she voluntarily tutored for over 10 years and is known throughout Cobb as an advocate for children, education and a deep sense of community. Many of our clients participated as well our associates and other local realtors helped in distributing backpacks to schools throughout the county. Rendee expressed her gratitude to those who helped this program be such a big success this year. “Many thanks to the wonderful people throughout the county who were so generous making this the most successful year to date. 
2009 Donor List
Ernie Taylor Timothy Toye Bruce Burns & Rendee Burns Debbie Eggers Vicky Huston Judy Cortesi Terrina Szymczak & Ernie Szymczack Donna Strickler Dennis Johnson Celia ( Cobb Texaco) Creekside Deli Laura Youles Pam MacLeod Sinda Knight Jim Ziebel Venette Feldstien John & Judy Serres Jim Wright Jim Budzinski Charlie Lamorte Robert & Brenda Stark Joanne Williams Brian & Gladys Radecke Montana Burns Jamie Salminas Marilyn Hoberg-Angelly Darlene Hecomovich Rob Roy Golf Course Sandy Hoberg-Fox Lisa Dubois
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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 area was designed to look like a 1940s southeastern town with traditional architecture?
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Disney's "Celebration" in Orlando, FL, will eventually have 8,000 houses and many commercial tourist attractions. |
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