 I have the following designations: ABR, CRS, GRI, SRES, SFR and am a Life Member of the Multi-Million Dollar Club. Searching for Homes in the Memphis TN Area or Selling your home in the Memphis TN Area? Explore everything the web has to offer, right here. Too many real estate choices? By simply providing me with property characteristics you are looking for, I can customize and narrow down your MLS search of homes for sale in Memphis, homes in Collierville, homes in Germantown and homes in other surrounding areas including Arlington, Lakeland, Eads, Cordova, Bartlett and Millington considerably. Or I can provide you with more aspects of a particular property to help you make a confident & informed decision on your sale or purchase of real estate. My site provides great tips for Buyers and Sellers. For those interested in Golf Course Communities, Luxury Homes, New Construction Homes, Gated Communities, Homes with a Lake View, Condos, Investment Properties, Short Sales, Foreclosures and general community information for the Memphis, Collierville, Germantown and other surrounding areas including Arlington, Lakeland, Eads, Cordova, Bartlett, and Millington, you can find it here. I am constantly adding more current information for buyers and current information for sellers and encourage comments and suggestions on anything else you would like for me to provide on the www.melissahayes.com site. If you are looking to Relocate to Memphis, Collierville, Germantown or any of the surrounding areas such as Arlington, Lakeland, Eads, Cordova, Bartlett or Millington and would like some more information on relocating to this area check out some of our other resources: I offer Experienced Buyer, First Time Home Buyer, and Seller services through www.melissahayes.com for FREE & without obligation. If you are looking for Expert advice, no website can take the place of a Top Realtor, not even mine. I guarantee your privacy will be respected. I want to be your real estate agent. As your real estate partner I will help you find the right Memphis, Collierville, Germantown, and other surrounding area home, for YOU. Together we will sell your home as quickly and smoothly as possible for the highest sale price the market will bear. My mission is to provide the best possible service to all of my clients. I recognize that buying a home or selling a home is an important investment. As a Top Real Estate Agent in the Memphis, Collierville, Germantown and the surrounding areas including Arlington, Lakeland, Eads, Cordova, Bartlett and Millington, I have the experience, expertise & track record you are looking for. Contact me, Melissa Hayes by phone or email, so I can get started.  
First Time Buyers >The Down Payment
Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.
If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.
When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.
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What city boasts eight of the world's ten biggest hotels?
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Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas. |
 See More Real Estate Trivia > |
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Melissa Hayes
Crye-Leike Realtors
6525 Quail Hollow Road
Memphis, TN 38120
Tel: 901-756-8900
Direct: 901-230-2610
Fax: 901-435-0620
Email: melissa@melissahayes.com
Whether you are selling or buying a home, I am here to meet all of your real-estate needs. You can benefit from the experience I have gained while handling over 1,000 successful home closings. My ability to offer both dramatic results and happy clients is due to an unparallel level of service, state-of-the-art marketing techniques, impeccable professionalism, invaluable internet presence, and absolute commitment of excellence.
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