More Gulf Shores homebuyers should be able to qualify for a mortgage without the increasing risk to lenders that caused the big credit crunch. All of this should come about through more sophisticated credit risk scoring that uses alternative data, such as unsecured credit and property history in consumer credit report analysis. Traditional credit data […]
Getting a Mortgage For a Gulf Shores Property
Thinking of buying a Gulf Shores property? Mortgage rates are still near all-time lows, but are being pulled in different directions right now. Borrowers who want to grab these unbelievable rates should act now before the tug-o-war ends. The Federal Reserve has been doing whatever it can to hold rates down, including printing billions of […]
Low Appraisal Valuations Wrecking Havoc on Gulf Shores Home Sales
Gulf Shores home sales are being stymied somewhat by low appraisal valuations, and this is the case just about everywhere in the country, not just in the Gulf Shores area. According to the results of a survey just released by the National Association of REALTORS® (NAR), “A sizable share of real estate appraisals are holding […]
Gulf Shores Home Makeover Tips for a Higher Appraisal
Sometimes, getting a Gulf Shores home makeover can make the difference in how an appraiser looks at your home. And we all know, the higher the appraisal, the more likely a bank is willing to finance, or refinance the home, and the amount they’re willing to lend… Here are the detailed tips given to the […]
Why Gulf Shores Short Sales Could Grind to a Halt
Gulf Shores short sales could grind to a screeching halt at the end of the year, and here’s why. Gulf Shores Short Sales – What Exactly Are They? A short sale is when the bank allows a home to be sold for less than the value of the mortgage. The bank takes the loss, but […]
Gulf Shores Foreclosures Shifting to Short Sales
Gulf Shores foreclosures are slowing as banks are increasingly turning to so-called short sales to avoid the lengthy process of selling properties they once only sold by foreclosures. The foreclosure process slowed sharply in many states that require courts to review home seizures after a barrage of legal challenges to the process lenders use to […]
Understanding Gulf Shores Home Appraisals
Mortgage lenders all require Gulf Shores home appraisals to determine the property’s value to make sure they are not lending you more money than the property is worth. Your lender orders the appraisal, and you are responsible for paying the fee. Costs can vary from $250.00 to $500.00. The property is the collateral for your […]
Gulf Shores Mortgage Rates Continue Ticking Upward
Gulf Shores mortgage rates increasing, along with increased home prices and diminishing inventory, are setting the stage for some procrastinating home buyers to soon realize they may have missed the bottom of the housing market, and the best time ever to buy a home. What Has Gulf Shores Mortgage Rates (As Well As Rates Nationwide) […]
Tight Credit Strangling Gulf Shores Home Sales
Gulf Shores home sales are being squeezed by tight credit standards. No factor, including negative equity, lack of consumer confidence, and a shaky economy, have been as devastating to the housing industry as the inability of buyers to get financing. Even though mortgage rates continue hovering at record lows and home prices seem to have […]
Gulf Shores Mortgage Rates: Shop Online With Caution
Gulf Shores mortgage rates can be shopped for online, but you need to be aware of some “tricks of the trade” when using online websites to shop for loans. You might not be seeing the best rates available for a Gulf Shores mortgage if you aren’t aware of this trick used by some websites… To […]
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