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Demetria's Team, REALTORŪ, real estate agents and broker for Portland, Falmouth and Gorham Maine home listings, property and land for sale - NUMBER1EXPERT(tm)
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First Time Homebuyers: Portland, Falmouth and Gorham Maine home buying, real estate listings, and homes for sale in Cumberland County, ME
Welcome > For Buyers > First Time Homebuyers ...



Buying Your First Home? Realtors Are Your Professional Guides. Make Sure You Choose Top Experts. 

You might be a bit afraid or intimidated by the whole process of buying your first home. As top Portland, Falmouth and Gorham real estate experts, it's our job to guide you, from beginning to end. 

We will take the time to go through each and every step of the buying process. There are no dumb questions! 

Together, we will consider: 

- How much can you really afford? 

- How to qualify for a mortgage. 

- How much cash you should put down. 

- How to buy a home with little or nothing down. 

- What it takes to get approved for financing. What banks and other financial institutions are looking for. 

- How much your payments will be. 

- The tax advantages of buying. 

- Is renting or buying better for you? 

New to the home buying process? Tell us your concerns. Ask us questions. It's our job to help! There's no obligation, and We promise to get back to you quickly... 

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Real Estate Tips
Financing Your Home >Convertible ARMs

Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.

Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.

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Real Estate Trivia
Q 
What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?

A 
The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool.
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Demetria's Team, REALTORŪ, real estate agents and broker for Portland, Falmouth and Gorham Maine home listings, property and land for sale - NUMBER1EXPERT(tm)

Demetria's Team
Demetria's Team--The Real Estate Group

347 Main Street
Gorham, Maine 04038
207-780-8800
800-864-5122
207-839-5122
Fax: 1 866 868-0188
Email: demetria@godemetria.com

Demetria Chadbourne is the Award-Winning Agent that can help you with all of your Real Estate Needs! After 13 years as the Top ERA Agent in the state of Maine she opened the doors of her own Real Estate firm in January 2003! (She was also in the Top 5 of ERA agents in the U.S!) Demetria has a Team of licensed real estate agents who will work to help you not only find the home that fits your needs and desires, but to provide you professional, honest, and ethical assistance.

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