July 2008

There are 16 blog entries for July 2008.

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 copy of your

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903 Captain O’Neal Drive, Daphne, AL

Beautiful renovated Creole style home in Old Daphne on Mobile Bay

4 Bedroom/2.5 Bath

2900 Square Feet

Hardwood & Split Brick Flooring

Screened-in Porch

Deep Lot

Walking Distance to Park & Mobile Bay

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AUCTION       August 17 ..................... San Carlos Condominiums Gulf Shores, Alabama        ....GULF FRONT.... 40 New Units 15 Sold Absolute   3br/3ba (25) 2br/2ba (10) Penthouse (5) Great Views Go Zone San Carlos condo listings - these listings are in the San Carlos and not necessarily a part of the auction, but are included for informational purposes only.   Registration Information:   Des Gatti The Gulfshoreslife.com Team Keller Williams Realty Al. Gulf Coast (251) 233-9825 desgatti@gulfshoreslife.com www.gulfshoreslife.com
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Gulf Front - East Corner - 3 Bedroom Condo with Wrap Balcony Asking $419,900

Gulf Village #417 offers breathtaking panoramic views from your living and dining area. Each space in this east corner 3 bedroom 2 bath condo offers balcony access to magnificent coastline Gulf views… unobstructed both East and West.  Without leaving the condo, you can enjoy your beach experience from any room! Gulf Village is a low density property on West Beach in Gulf Shores. Compare this price and view. This is the one!!!
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  JUST REDUCED! 17608 Highway 180 3/2; 1,100 sq. ft. 75' Lagoon Front Boat Dock Spectacular Views Screened Porch Only 2.2 miles from Hwy. 59 Best price on Little Lagoon for direct Lagoon frontage and lot size! Click here for details!
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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, the payment jumps to

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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!

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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 most overlooked

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