Mobile Eastern Shore Home For Sale:
17861 S Section Street #9, Fairhope AL
Search all Mobile Eastern Shore real estate and homes for sale.
Mobile Eastern Shore Home For Sale:
17861 S Section Street #9, Fairhope AL
Search all Mobile Eastern Shore real estate and homes for sale.
Stimulus Bill May Be Shot In The Arm For Mobile Eastern Shore Home Buyers
It looks as if our legislators in Washington are finally making positive steps toward fixing the house mess by including housing legislation in the Economic Stimulus Bill.
Yesterday, the Lieberman/Isakson Amendment was included in the senate version of the Economic Stimulus Bill by a unanimous voice vote. This amendment would provide a Tax Credit to all home buyers at the rate of 10% of the sales price up to a limit of $15,000. The credit would be available for a one year period to all purchasers of primary residences.
Now, the senate expects to debate Amendment 353, a proposal by Senator John Ensign (R-NV) that would provide 30 year fixed financing at a rate of about 4%, for anyone purchasing a primary residence.
If these two provisions are included in the final passage of a stimulus bill they could have a positive impact on Mobile Eastern Shore home buyers.
Dave Liniger, co-founder of RE/MAX International has this to say about the proposed legislation:
“I feel that these provisions represent real economic stimulus. They will put money in the hands of millions of homeowners, increase sales, stabilize home values and add more revenues to local communities in the form of property taxes.
I urge each of you to contact your senators and representatives to let them know that you believe these provisions are essential components of any stimulus bill. You can go to the official Senate http://www.senate.gov and House http://www.house.gov web sites to locate the email and phone number of your legislators.”
This has passed the Senate, but the entire bill does need to go back to the House, and be signed by the President. There could be many changes before this happens, or not pass at all.
Hopefully, it is a shot in the arm for Mobile Eastern Shore home buyers and would help the housing crisis immensely as you can imagine.
Visit JudySells.com to learn more about Mobile Eastern Shore real estate.
Mobile Eastern Shore Real Estate For Sale:
Incredible property on Fish river in Fairhope, AL – multiple lots – possible subdivision potential or family compound. Nice and private. House + guest cottage with 1437 square feet. Less than a few years old. Great pier for entertaining. Oversized workshop and storage.
Learn more about 17040 Lakeview Drive and other Mobile Eastern Shore real estate by visiting JudySells.com.
Search all Mobile Eastern Shore real estate and homes for sale.
Everyday life can get crazy at times, many people fantasize about running off to their own personal retreat right here at the Mobile Eastern Shore. But how do you know which vacation home is best for you?
Do you want to be in the middle of all the activity, or enjoy the peace and quiet of a secluded location? Is a condo at the mountain your cup of tea or a farmhouse tucked away in the woods? Whichever environment you prefer, here are some things you should consider:
Regular upkeep is more difficult with a vacation home than with your primary residence, but no less important. The value of the home, both as an investment and as a place you enjoy visiting, depends on good maintenance.
If your primary residence is not far from Mobile Eastern Shore, you may want to make weekly visits to mow the lawn, water the garden, clean the gutters or shovel snow. If doing it yourself is impractical, consider hiring a vacation property management company to provide maintenance services during the times when you’re not using the home.
Visit JudySells.com to learn more about Mobile Eastern Shore and buying a vacation home or give me a call for more personal service.
Loan Options For Mobile Eastern Shore First-Time Home Buyers
There is so much negative press about the lending industry these days, many Mobile Eastern Shore first time home buyers are scared to death to even consider buying a home. They hear stories that someone’s mortgage payment went from $1,000 to $1,800 almost overnight. They are afraid of the fine print and don’t know who they can trust.
A study conducted by the University of North Carolina School of Social Work determined that loans with low monthly payments result in borrowers who stay current. They also participate in their communities and vote.
The problem is subprime loans, says Roberto G. Ouercia, director of the Center for Community Self-Help, a nonprofit that partners with Fannie Mae and the Ford Foundation to lend mortgage money to low-income borrowers. The study found that borrowers with subprime loans are four times more likely to fall behind.
Subprime loans are loans to borrowers with questionable credit, usually 680 credit score or lower, and at higher interest rates.
Mobile Eastern Shore first time home buyers have other, less scary, mortgage options:
The Alabama First Step Mortgage Program
This tax exempt Mortgage Revenue Bond program offers lower than market mortgage interest rates and low fees for fixed interest rate 30 year VA, FHA or Rural Development mortgages. This program is designed for first time home buyers and low income home buyers. AHFA will provide a percentage of the home purchase price in down payment and closing cost assistance depending on the needs of the home buyer. This is financed over a 20 year term. To be eligible for this money you must use Rural Development or an FHA mortgage loan program.
The Alabama Step Up Program
The Step Up program is available throughout the state of Alabama. It is available year round and is available on a first come first serve basis. AHFA will provide no money down financing to qualified buyers that are using FHA or Rural Development loans. In conjunction with the down payment money, AHFA is offering a 30 year fixed rate mortgage with an interest rate that is slightly higher than the market rate on mortgage loans.
If you are a Mobile Eastern Shore first time home buyer and need more information on sound, reliable financing options, visit JudySells.com. You can also give me a call for more personal assistance.
Judy Niemeyer of Ashurst and Niemeyer presents:
download podcast mp3 file | subscribe to podcast feed
Learn more about Mobile Eastern Shore real estate, please contact us at 251-990-0569 or visit JudySells.com.
Begin searching for Mobile Eastern Shore real estate and homes for sale.
How To Save Your Down Payment When Buying Mobile Bay Home
This is a great time to think about buying a Mobile Bay home. Mobile Bay home prices have dropped and interest rates are at all time lows. The biggest hurdle for many Mobile Bay home buyers is saving money for a down payment. Here are 25 things to do on a regular basis to save money:
Saving money and watching your savings account grow is a rewarding experience…especially if it can help you purchase a Mobile Bay home of your own.
Learn more about buying a Mobile Bay home at JudySells.com or give me a call for more personal service.
Judy Niemeyer of RE/MAX By The Bay presents:
download podcast mp3 file | subscribe to podcast feed
Learn more about Baldwin County real estate, please contact us at 251-990-0569 or visit JudySells.com.
Begin searching for Baldwin County real estate and homes for sale.
Baldwin County Real Estate: America Seeks Lending Oversight
Americans are ready for more government oversight of the mortgage and lending industry.
According to the 2008 National Housing Pulse Survey, 56 percent of those surveyed favor a more active government role. Nearly eight out of 10 consumers believe the country is headed in the wrong direction, and a majority rate the current economy as poor.
Foreclosures are also a big concern among those surveyed. Over one-quarter were worried about their home or the home of a family member entering foreclosure.
However, there were signs of optimism. Eighty percent are confident they could refinance should they have the need, and only 8 percent are worried about their ability to make their mortgage payments over the next year.
Learn more about Baldwin County real estate, please contact us at 251-990-0569 or visit JudySells.com.
Begin searching for Baldwin County real estate and homes for sale.