Interest rates recently rose slightly, raising the question of what affect they will have on Gulf Shores mortgages. Rates increased for the first time in more than two months, creating a sell-off in the U.S. Treasury bond market. Mortgage interest rates have traditionally been tied loosely to the 10-year Treasury bond yield. While the increase in […]

Gulf Shores mortgage rules may be about to take a big change, and the jury is still out as to whether it could be bad for the mortgage industry in the long haul. If changes announced recently by Fannie Mae catch on, the process of having to fork over your pay stubs could go the […]

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 […]

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 […]

Saving up to buy a Gulf Shores home might not be as much of a challenge as it used to be, now that the Federal Housing Finance Agency (FHFA) will allow some first-time homebuyers to make down payments of as little as 3 percent on Gulf Shores mortgages. Why Down Payments on Gulf Shores Mortgages […]

Mortgage giants Fannie Mae and Freddie Mac announced recently that first-time Gulf Shores homebuyers may be seeing a game changer with lower 3 percent down payment requirements. This is designed to expand credit for qualified home shoppers who may have been sidelined the last few years because of higher down-payment requirements. A recent examination of […]

In October, Fred Watt, the director of the FHFA, announced that he plans to allow 3% down payment mortgages for the many financial institutions that Fannie and Freddie guarantee. He states that his intention is to include more minorities and people who had their savings wiped out by the Great Recession re-enter the housing market. […]

Gulf Shores home equity loans have nearly doubled this year, partly due to the continuous increase in the price of homes. The rise in home values has pulled more and more borrowers out from underwater. While the share of borrowers that cashed-out some Gulf Shores home equity has increased considerably over the past year, the […]

Anyone who has applied for a Gulf Shores mortgage recently knows how elusive the best interest rates, loan terms and ultimate mortgage loan approval can be. The good news is that steps can be taken to vastly improve the odds, but you need to take some of the steps for getting that Gulf Shores mortgage […]