A Gulf Shores mortgage is probably the single largest monthly obligation you'll ever have if you own a home here. Everybody likes saving money, whether they live in Gulf Shores or another American city! And whenever you're able to save money it's especially satisfying. There are, among potential others, at least a half-dozen ways you […]
How Much Gulf Shores Home Can You Buy?
Trying to figure out how much Gulf Shores home you can buy with your income can be tricky, even though there are calculators everywhere that are supposed to enable you to figure out exactly how much you can afford. Certain variables not taken into consideration by a calculator can cause your individual figure to differ […]
Delinquent Gulf Shores Mortgages Continue to Fall
The number of delinquent Gulf Shores mortgages continues to fall, but the foreclosure crisis is still taking its toll on thousands of borrowers locally, and hundreds of thousands nationwide. Nationally, of the approximately 952,000 borrowers who are 90 or more days past due on their monthly payments but not yet in foreclosure, 62 percent have […]
Gulf Shores Homebuyers Understand Credit Scores
95 percent of Gulf Shores homebuyers know that credit scores play a significant role when purchasing a home, and those who know their credit scores feel better prepared to buy. This recent data comes from a survey from Experian Consumer Services. In addition, 45 percent of future Gulf Shores homebuyers say they have delayed buying […]
Gulf Shores Mortgage Mistakes to Avoid
There are some expensive Gulf Shores mortgage mistakes you need to avoid at all costs. Scoring the best deal on a mortgage or refinancing involves shopping around. Yet 77 percent of borrowers applied for a loan with a single lender instead of checking out several to compare costs. A recent study by the Consumer Financial […]
Gulf Shores Mortgage Rates Move Higher Again
Average Gulf Shores mortgage rates followed 10-year Treasury yields higher and rose for the third consecutive week last week. At 3.85%, the average 30-year fixed-rate Gulf Shores mortgage rate is just below the high for 2015. The 15-year fixed Gulf Shores mortgage rates averaged 3.07% with an average 0.6 point last week, up from the […]
Buying Gulf Shores Real Estate: What Higher Rates Will Do
If you're looking to buy Gulf Shores real estate in the next year, you might want to do so before higher interest rates make financing such big-ticket purchases a lot more expensive. The Federal Reserve, which controls the supply of U.S. dollars and short-term interest rates, has indicated that it could start raising rates as […]
Gulf Shores Mortgages May See Alternate Credit Score
The Federal Housing Administration (FHA) is exploring alternative credit scoring models for those seeking Gulf Shores mortgages. The alternative credit scoring models could expand access to mortgage credit for responsible borrowers who may have thin credit histories or extenuating circumstance like medical debt. Many Unable to Obtain Gulf Shores Mortgages Due to restrictive lending many […]
Mortgages Rising Faster Than Gulf Shores Home Prices
Mortgage amounts are rising more quickly than Gulf Shores home prices, an unusual phenomenon that seems to confirm continued weakness at the lower end of the housing market, according to the Mortgage Bankers Association. When Mortgages Began to Exceed Gulf Shores Home Prices The average size of mortgage loans began to outpace the recovery in […]
Many Gulf Shores Properties Still Underwater
Many Gulf Shores properties were still underwater at the end of 2014. According to CoreLogic, about 5.4 million homes, or 11 percent of all U.S. residential properties with a mortgage, were still in "negative equity" at the end of the fourth quarter of 2014, meaning that a borrower owes more on a Gulf Shores home […]
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