Gulf Shores home buyers are needing higher and higher FICO scores these days in order to qualify for a mortgage. Very few Gulf Shores home buyers sporting credit scores below 620 are able to obtain loans. On the bright side, more are putting down less than 20 percent. According to the February Realtor Confidence survey […]
Closing Costs When Buying a Gulf Shores Home
Closing costs are a list of charges you will have to pay on the closing date that is set for your Gulf Shores home. Many people are surprised at the additional costs over and above the price of the home. Closing costs will vary from area to area, but a good rule of thumb is […]
Buying a Gulf Shores Home – Think Long Term
Not long ago, buying a Gulf Shores home was the best investment you could make. Not only did it provide a place to live, but it provided instant wealth for many homeowners through rapid home-price appreciation. Renting seemed risky. If you didn’t own a Gulf Shores home, you’d miss out on equity buildup that would bankroll […]
Buying a Gulf Shores Home: Finding a Good Lender
When buying a Gulf Shores home, you’ll need a large sum of money, and not everyone can afford to pay cash when buying a home. The majority of home buyers need a mortgage to fund the purchase. The buyer would then pay off the debt within a fixed time set by the lender. Buying a Gulf […]
Saving The Down Payment For a Gulf Shores Home
You’ve been watching the Gulf Shores real estate market for some time, and have decided you want to start thinking about buying your own home. Now what? The first step is to get pre-qualified for a mortgage to give you an estimate of how much you can afford. Once you have an idea, you need to […]