Gulf Shores Real Estate - Orange Beach Homes For Sale

Welcome to Gulf Shores, Alabama
866.981.4378
You are here: Home / Archives for mortgages

Closing on a Home? Don’t Do These Things

by

Closing on a Home? Don’t Do These Things It’s a great time to buy a home. With the real estate crash, prices are way down and mortgage rates have never been lower. But if you are not careful, a new rule recently enacted by Fannie Mae could end your homeownership dreams. Effective June 1, Fannie […]

Mortgages: No-Doc Loans Are Back

by

Mortgages: No-Doc Loans Are Back Did you think the housing collapse killed off “liar loans”–those infamous bubble-era mortgages for which people were allowed to get creative in portraying their ability to make the payments? Well, they’re back, and that may be a good thing. In the height of the housing boom in 2006 and 2007, […]

Reverse Mortgages: Possible Answer for Struggling Seniors

by

Reverse Mortgages: Possible Answer for Struggling Seniors Many older Americans find themselves house rich and cash poor. They own their home, or at least have significant equity in it, yet struggle to make ends meet each month. They could sell their home, but are not inclined to move and leave their memories behind. A reverse […]

House Passes FHA Reform Act

by

House Passes FHA Reform Act The House of Representatives has passed House Resolution (HR) 5074, the FHA Reform Act, which establishes a handful of new Federal Housing Administration (FHA) regulations and authorities. The FHA insures approved lenders against default-related losses on qualifying mortgages. In addition to strengthening the FHA’s capital base by raising mortgage insurance […]

Home Loan Modification Approval – 3 “Must Do” Things

by

Home Loan Modification Approval – 3 “Must Do” Things Getting approved for a home loan modification can be a confusing process. Most people won’t need to pursue mortgage relief more than once or twice in their lives, and for that reason, few individuals seeking loan modifications are familiar with the steps involved in getting approved. […]

Money Saving Ideas for Potential Homeowners

by

Money Saving Ideas for Potential Homeowners Before taking out a mortgage on a home, potential home buyers will want to carefully inspect their financial situation. Home buyers should be certain their current income and expenses can support a mortgage payment. There are several ways home buyers can maximize the income they have and make certain […]

Mortgage Rates and Home Buyers Decline

by

Mortgage Rates and Home Buyers Decline Mortgage rates continue to decline, continuing to hover near the record lows, while the number of home buyers applying for mortgages has also dropped. Hard to imagine that rates will get lower any time soon. The number of homeowners applying to refinance their homes has fallen modestly, however, according […]

Forestalling Foreclosure

by

Forestalling Foreclosure Home foreclosures continue at record levels in many parts of the country. And it’s no wonder, since most people who can’t make their payments do the opposite of what they should. If you’re behind in your mortgage, heed this expert advice from money reporter Stacy Johnson… Questions or comments about this video? We’d […]