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Silver Spring Area Neighborhood Information
Are you looking for charm? The neighborhoods closest to the Downtown area are full of charm! The neighborhoods of Woodmoor, Woodside, Indian Spring Village, Takoma Park, and Northwood Park, to name a few, are filled with bungalows, cape cods and brick colonials on tree-lined streets. You will find hardwood flooring, wood-burning fireplaces, screened-in porches, and neighbors taking walks in the evenings. If you are looking for a newer home, you might be interested in a neighborhood like Naples or Stonegate. These two neighborhoods are adjacent to each other, and feature a neighborhood swimming pool, and the kids can walk to the Elementary School. If you want brand new, there is Manor Spring, Ashton Knolls, Bancroft, Briarcliff Manor, and Ashton Preserve. All of the communities have gorgeous homes, on lots anywhere from 1/3 acre to 10 acres! If you?re looking new, expect to pay anywhere from $700,000 to $1,000,000+.
  
Home Inspections >Careful Inspections
Many home buyers today are investing in a professional structural inspection before they finalize their purchase of a home. You should choose an inspector carefully and be prepared to learn important facts about your new home that could save you money.
When you have a ratified sales agreement, the real estate agent will set up an appointment for you to see the home with the inspector. Bring a notebook, even though you will get a written report of the inspection. Write down any questions or concerns that may occur to you as you tour the house, such as cracks in the walls, spots on the ceiling, or noises in the air conditioning system. And remember that no house is perfect. You should come away from the inspection with a fundamental understanding of what you are buying and how much the maintenance will cost.
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| Q |
What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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- NUMBER1EXPERTS™ 
