As Gulf Shores mortgage borrowers continue to see home prices rise they have increasingly more equity to utilize. Industry experts say that nationwide home equity has risen by nearly $825 billion. That represents a 250% increase over home equity levels of just four years ago. However, tapping into that equity by using a home equity line […]
5 Ways to Lower Mortgage Closing Costs
Mortgage closing costs have risen 6% over the past year, according to a recent Bankrate.com report — averaging $2,539 on a $200,000 loan. But mortgage closing costs aren't set in stone. Especially in today's market, you can definitely negotiate your origination and lender fees. It's like any other service. They have the power to give […]
5 Mortgage Tips for Gulf Shores Home Buyers
Gulf Shores home buyers need to be sure they'll qualify for a mortgage before they sign on the dotted line to buy that home of their dreams. Qualifying for a mortgage alone is not enough these days. Gulf Shores home buyers also need to know they are getting the best possible rate they can, as […]
Many Gulf Shores Home Buyers Remain Clueless
Gulf Shores home buyers have been flocking to the market in droves this past year, trying to take advantage of affordable prices and record-low mortgage interest rates while they still can. When it comes to applying for a mortgage — the most important aspect of the home-buying process — recent surveys found that about one […]
Tight-Fisted Lenders Causing Gulf Shores Homebuyers Problems
Nearly half of all potential Gulf Shores homebuyers can afford the median-priced home in the area, but that’s not much help if they can’t get a mortgage. Six years after the subprime mortgage meltdown, banks remain tight-fisted, even with solid borrowers — a fact they attribute to shifts in government regulation and demands that they buy […]
Paying Down Your Gulf Shores Mortgage Wisely
Can’t wait to have your Gulf Shores mortgage paid off so you can do other things with that money each month? There are some smart ways to reach your financial goal of paying off your Gulf Shores mortgage faster, and wiser. Refinance Your Gulf Shores Mortgage to a 15-Year Term Getting a 30-year mortgage is […]
Energy Efficient Mortgages For Gulf Shores Homes
Energy efficient mortgages are a new and upcoming way to finance Gulf Shores area homes if you’re planning to go “green”. Green homes cost more, and that added cost is often the burden that prevents more people from going the energy efficient route when choosing a new home or modification. Energy efficient mortgages extend your […]
Gulf Shores Mortgages: Rates Continue to Rise
Gulf Shores mortgages continue to see an increase over their all time record lows, but the good news is, in terms of being relative, rates are still near the bottom. There’s still plenty of opportunity to refinance or buy a home and save a bundle. But if you keep waiting, all indications are you’re going […]
Paying Off Your Gulf Shores Mortgage Early
Paying off your Gulf Shores mortgage early may not actually be a smart idea, especially if your mortgage rate is low, or free, when you factor in inflation and tax deductibility. Making a larger payment is considered foolish if you’re not saving for emergencies or retirement first. Savvy homeowners have long added extra money to […]
Foreclosed Properties Hold Back US Economy
Most economists agree the housing crisis remains the biggest obstacle to economic recovery in the US. But there’s no consensus on how best to fix it and the rate of foreclosed properties has hit a record high. Comments or questions about this video? We’d love to hear from you. Just click the comment link below […]