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For most people, finding the right home in Lake Havasu City, Arizona is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local Lake Havasu City, Arizona lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of Lake Havasu City within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in Lake Havasu City that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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A popular tourist attraction in Lake Havasu City is the London Bridge, which crosses an 8ft deep man-made canal that leads from Lake Havasu (on the Colorado River) to Thompson Bay. It was bought for for $2.5 million from the City of London when the bridge was replaced in 1968. The bridge was disassembled, and the marked stones were shipped to Lake Havasu City and reassembled for another $7 million. It opened in October 1971. It has been claimed that it was bought in the mistaken belief that it was the more grandiose Tower Bridge (which is often wrongly called London Bridge by tourists), but McCulloch ardently denied that. The city is serviced by several intersecting loop roads, which connect with Highway 95. This somewhat unorthodox road layout has been a source of confusion for many newcomers. Many of the houses in the city are vacation homes. The city is a destination of choice for university students during Spring Break. Its reputation in the region rivals Panama City,Florida. -- Source: Wikipedia.com
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