Breaking news on Cal Carter!
Breaking news on Cal Carter
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Gulf Shores Real Estate
Fort Morgan Alabama
Fort Morgan Alabama
This category currently has 15 blog entries.
Mon, Aug 04, 2008
Financing Solutions with David R...
Financing Solutions with David Reed
Getting a cash gift? Lucky you!
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Getting a gift in the form of cold, hard cash to buy real estate is a wonderful thing. Gift funds are a common way parents help their kids buy a home, but there are certain requirements to follow to ensure the gift transfer goes smoothly.
What exactly is a cash gift? Technically, it is a transfer of funds from one party to another without any expectation of being paid back. This non-repayment factor is a key element because lenders can’t accurately calculate debt ratios if the gift is in fact a loan....
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Mon, Jul 28, 2008
Financing Solutions with David R...
Financing Solutions with David Reed
Credit issues? Your lender can help.
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We frequently hear we’re supposed to regularly check our credit reports. And staying on top of this is especially important when starting to shop for a new home. There are three main credit bureaus: Equifax, Experian, and TransUnion. These bureaus store consumer credit histories by the millions, and hundreds of thousands of businesses tap these bureaus for their data about you. Unfortunately, mistakes can happen. Especially if you’re not the only “Bob Johnson” or “Susan Smith” who lives in St. Louis.
Let’s say you receive a...
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Mon, Jul 21, 2008
Financing Solutions | Five Year ...
Financing Solutions with David Reed
Five Year Increments
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Which is better, a 30-year or a 15-year fixed rate mortgage? A common and important question which, when answered, affects both the monthly payment and the amount of interest paid on a mortgage loan. While paying less interest over a shorter timeframe seems to be the obvious answer, the difference in monthly payment is surprising to some.
For instance, on a $300,000 note at 6.25 percent over 30 years, the principal and interest payment is $1,847 per month. Whereas on that same loan amount over 15 years at 6 percent,...
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Tue, Jul 15, 2008
Alabama is loved all over the wo...
Alabama - loved all over the world - Sweet Home Alabama! Check out this video of the Finnish rock band The Leningrad Cowboys as they play for an audience with the Russian Red Army Choir picking up the background vocals of Lynyrd Skynyrds Sweet Home Alabama! When the tour is over they are all invited down to Orange Beach and Gulf Shores to enjoy the white sands and emerald green waters of the Alabama Gulf Coast, shop for a condo or beach house and to tip over to Lulu's to do their rendition of a few Jimmy Buffett classics!
204 Views, 2 Comments.
Mon, Jul 14, 2008
Financing Solutions with David R...
Financing Solutions with David Reed
Government Grants
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For first-time buyers, often the first thought that comes to mind is, “I need a down payment.” This is often followed by the question, “Now, where do I get that down payment?”
Depending upon the loan type, a home mortgage typically requires 3 to 5 percent down. If you have the money, then you’re set. But what if you don’t? What if you’re renting? You can afford a mortgage within your means, but coming up with the down payment money needed to begin the transaction can be challenging. So, where can you turn?
One of the...
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Thu, Jul 10, 2008
Looking for Baldwin County Forec...
Baldwin County Foreclosures Spanish Fort, Daphne, Montrose, Fairhope, Point Clear, Robertsdale, Summerdale, Silverhill, Foley, Bay Minette, Loxley, Lillian, Josephine, Orange Beach, Gulf Shores, and Fort Morgan, AL Investors, we have created a new page that lists foreclosures in the Baldwin County MLS. These listings may include forclosures of condos, homes and houses in Spanish Fort, Daphne, Montrose, Fairhope, Point Clear, Robertsdale, Summerdale, Silverhill, Foley, Bay Minette, Loxley, Lillian, Josephine, Orange Beach, Gulf Shores, or Fort Morgan, AL To see those listings visit our Baldwin County Forclosures page. Let us know if you need a hand finding investment property!
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Mon, Jul 07, 2008
Financing Solutions with David R...
Financing Solutions with David Reed
Points:To pay or not to pay
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Numerous closing costs come with any mortgage. There’s a fee for an appraisal and a fee for a credit report… and the lender has its fees, too. And don’t forget about the attorney fee, title insurance and escrow charges. Closing costs can vary from state to state and province to province, but you really don’t have much choice of whether you want a survey or if title insurance is right for you. There will be a variety of services performed and records searched by different companies, and none of these come free of...
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