Gulf Shores Real Estate - Orange Beach Homes For Sale

Welcome to Gulf Shores, Alabama
866.981.4378
You are here: Home / Archives for Gulf Shores Mortgage Info

Navigating the Mortgage Minefield

by

Navigating the Mortgage Minefield Even if you have stellar credit these days, there may be stumbling blocks in the road toward getting approved for a mortgage. The smallest misstep can set back the process. Lenders check credit reports at the beginning and toward the end of the process, any changes are scrutinized and could be […]

Underwater on Your mortgage? Thoughts to Consider

by

Underwater on Your mortgage? Thoughts to Consider In the fourth quarter of 2009 another 600,000 homeowners found themselves “underwater” or owing more on their mortgages than their homes were worth. In fact, the total number of households in this situation is now over 11 million people or 24 percent of all properties that carry a […]

Underwater on Your Mortgage?

by

Underwater on Your Mortgage? The housing market is still very unstable.  One month we read that home sales are strong and home prices are rising.  The next month we see that sales are down.  One piece of discouraging news that came out recently was that in the fourth quarter of 2009 another 600,000 homeowners found […]

New Rule Affects Foreclosure Avoidance Program

by

New Rule Affects Foreclosure Avoidance Program The Obama administration overhauled its struggling foreclosure avoidance program recently, saying it would require homeowners seeking to ease their mortgage terms to document their financial situation before a trial modification is granted. Borrowers previously could have their interest rates lowered and the terms of their loans extended on a […]

Considerations When Planning to Refinance Your Home

by

Considerations When Planning to Refinance Your Home Home refinancing is one of the popular and widespread choices among homeowners in today’s real estate sector. It is an alternative that most homeowners are trying to understand and avail due to its beneficial outputs and objectives. If you are one of those who are still weighing their […]

FHA Loans: Waiting Will Cost You Big Time

by

FHA Loans: Waiting Will Cost You Big Time The FHA is making proposals to change mortgage insurance premiums, FICO (credit score) and down payment combinations and seller concessions. The changes will be posted in the Federal Register next month and after a comment period would become effective early summer. With these rule changes, an FHA […]

5 Things to Check Before Refinancing

by

5 Things to Check Before Refinancing Since mortgage rates have remained low, homeowners have been rushing to refinance. But before you lock in at a lower rate, here’s a checklist to make sure you’re saving money and getting the best loan for your needs. 1. Use a refinance calculator to make sure you are saving […]

Mortgage Modification for Distressed Homeowners

by

Mortgage Modification for Distressed Homeowners Homeowners experiencing financial hardship can now take advantage of the Home Affordable Modification Program (HAMP). HAMP is the national loan modification program offered in the Obama Administration’s Homeowner Affordability and Stability Plan which mortgage servicers are implementing broadly to bring long-term affordability to homeowners struggling to keep their homes. Navigating […]