Think your Gulf Shores mortgage data is secure? Think again! If the ease with which hackers cracked into the financial information of millions of Target and Neiman Marcus customers has you worried about how easily your private data can be lifted from your mortgage company, wait until you hear what a major cyber security firm […]
Gulf Shores Mortgages: 4 Mistakes To Avoid
Most people planning to buy a Gulf Shores home will ultimately be shopping Gulf Shores mortgages as well. Gulf Shores mortgages can vary from lender to lender, so it pays to compare, and make sure you're getting the best deal. Here are 4 mistakes you want to avoid when shopping Gulf Shores mortgages… Rules have […]
Getting a Gulf Shores Mortgage in 2014
If you're planning to get a Gulf Shores mortgage in 2014, you may find it harder. The reason? New rules have gone into effect this month. Mortgage lenders look at a host of factors when deciding whether or not to approve you for a mortgage. All lenders will be asking for even more information than […]
FHFA Considers Lower Limits on Gulf Shores Mortgages
The Federal Housing Finance Agency is considering a possible reduction in the maximum loan limits for Gulf Shores mortgages purchased by Fannie Mae and Freddie Mac, but the agency wants to collect public feedback before making any bold moves. The GSE conservator recently sent a request for public comment to the Federal Register asking for […]
Low Gulf Shores Mortgage Rates Come To An End
The days of record low Gulf Shores mortgage rates have apparently come to an end as fixed-mortgage rates hover around 4%. And while there are many saying that rising rates won't hurt the housing market, others are more concerned. Many analysts seem to agree that if Gulf Shores mortgage rates rise much more above where […]
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 […]
New Rules Could Affect Gulf Shores Mortgages
Gulf Shores mortgages, and your ability to qualify for one, will be affected by new servicing rules designed to provide homeowners with more information about their mortgages and their options, should those loans become unaffordable. The new rules affecting Gulf Shores mortgages will force banks to verify a borrower’s ability to repay loans to ward off […]
Gulf Shores Home Mortgage Still Too Hard To Get
A Gulf Shores home mortgage is still too hard to get, according to Federal Reserve Chairman Ben Bernanke. The Fed Chair discussed housing and mortgage finance at the Hope Global Financial Dignity Summit in Atlanta. The Gulf Shores housing market has been experiencing signs of recovery this year, but according to Bernanke, it’s far from […]
Types of Gulf Shores Home Mortgages
Many types of Gulf Shores home mortgages — such as the “payment-option” loan — have disappeared in the wake of the housing bust. But homebuyers and homeowners who want to refinance still have several types of loans from which to choose. The most basic choices include: fixed-rate mortgages, adjustable- or variable-rate mortgages and hybrid mortgages […]