Why you Need a House by the Seaside

A house on the coast of Bethany Beach is a much sort after location for home buyers who are looking for a home, away from the hustle and bustle of city life.  A house by the beach is a perfect idyllic living that especially appeals to retirees and baby boomers. Homes, condos, villas and more are available at Bethany Beach. Take your pick!

Why get a house at Bethany Beach

Getting a house by Bethany Beach is a great decision indeed! Oceanfront houses or villas at a walking distance from the beach, are  great choices. It depends on what you expect from your home. The strongest plus point that stands out is the opportunity to live and be  with nature. Every day is greeted with wafts of ocean breeze, the sound of the rushing waves, the awe-inspiring sunrise, or sunset, and the serene beauty of it all. It’s tranquility right at your doorstep. You can quickly step out and have a splash in the waters, an evening out with kids for some fun, or take a walk on the wild side by trying your hand at some water sports like kayaking, surfing or sailing.

If you are keen to invest in a beach house, now is a great time, given the low interest rates! At present, the market in Bethany offers favorable conditions for interested buyers. Well renowned mortgage lenders like Steve Morgan can ease the entire process of house buying, by tailoring the right loan process that’s best suited for you. The Bethany Beach lender hosts several loan application options. Based on your requirements, a suitable one will be recommended for you. Take advantage of these commendable mortgage lenders!

In conclusion, a house by the beach is perfect either as a home or as a vacation beach house. The perfect getaway from the stress of everyday living, at a place you can call your own, where you can keep your feet up, relax and unwind. With favorable market conditions prevailing right now with no certainty of how long it’s going to last this way, now is an excellent time to invest in a beach house!

Advice from a Mortgage Expert

Having a place to call your own is something that everyone wants. With the soaring realty prices, taking out a mortgage is the only available option. Many mortgage companies like Bethany Beach Lenders offer attractive interest rates. Mortgage brokers like Steve Morgan will also assist you with all the paper work and legal documents that are synonymous with buying a home.

What do the experts suggest?

The market is constantly fluctuating. The rates that are prevalent today are replaced tomorrow. Experts suggest that there is no better time to invest in property than today! Two experts: NY1’s Tara Lynn Wagner and Ross Kenneth Urken say that the best time to buy a house will be within the next five months. The prices are going to soar  which  in turn will increase the interest rates. They speculate a rise of 5 percent in the interest rates over the next twelve months.

Urken says, "I really think it's chicken and egg”. People are seeing interest rates rise so they are more compelled to get into the market . If you are looking to buy a home, your biggest priority right now should be getting your financial house in order. Credit score is really your golden ticket to getting a great rate from lenders and thus a more affordable mortgage.

Choosing a mortgage is as important as choosing a house. Mortgage brokers help in shopping for the best deals. They also handle all the legal paper work and assist through-out the entire process. Steve Morgan is a certified mortgage broker who has clients in Delaware, Maryland, Virginia and Washington DC.

Bethany Beach, the quiet town in Delaware is gaining popularity as the ideal retirement and/or second home. The booming real estate industry has made this small town into a  perfect get away. Waiting on the interest rates to drop is as good as shooting arrows in the dark- unpredictable! Once you have your finances in order and a good credit score start shopping for the perfect home.

Home Loan Mortgage Interest Rates

The first thing you look for when shopping for mortgages is the APR. With so many mortgage providers, it is a well-known fact that the plethora of APRs offered are vast. They all tend to circle around the general rates levied by the big banks in the USA such as BOA, but specialized mortgages such as those provided for Veterans or by the US Dept. of Agriculture have different APRs and their applications.

Interest rates for different home loans

Steve Morgan of Bethany Beach Lender has made a few observations in respect of some of these mortgages:

1. Mortgages provided by Federal Housing Administration are useful for people with average credit scores of about 580 and pay a 5 percent deposit for the house. Their APRs are also comparatively lower. Their monthly mortgage insurance premiums (MIP) however are higher and so it is at the time of closing so that should be accounted for when you review this mortgage option.

2. Provided by the Department of Veteran Affairs, these mortgages having everything going for them – their APRs are the lowest, they do not require MIP no matter how low our down-payment is, you can get 100 percent financing under this mortgage (no deposit payable at all) and the deal-clincher is the mortgage portability to the new buyer, should you choose to sell the house. Your course should have some military background to consider this mortgage.

3. Conventional Mortgage APRs – Provided mainly by Fannie Mae and Freddie Mac, this lending duo provides mortgages at reasonable APRs provided your credit score is above 680 and you make at least 20 percent of the asking price as the down payment. Lower your deposit, higher your APR goes except under special rate schemes.

4. Department of Agriculture mortgages – Loans are made available to people of rural backgrounds at extremely low APRs even with zero deposit. Their main criteria are the credit score (more than 620) and the debt-to-income ratio must be reasonable.

With so many options available in the mortgage market, it should not be too difficult for you to choose the right one provided you are able to furnish all necessary documents and keep a track of your credit score. Depending on your background, see if there are concessional APR-backed mortgages available before you apply for one.

Interest on Mortgage Loans Remains Firm

Here’s some good news for you if you are looking to buy an attractive house! Mortgage interest rates have remained steady for the year. So cast those worries of wildly fluctuating interest rates and exorbitant monthly payments. Read on to know why Bethany Beach lenders think this would make a vast difference to you.

Good opportunity to buy home   

Big players like Bank of America, Sun Trust and Wells Fargo are offering term loans for 30 years at an average APR of 4.14 percent and short-term mortgages at 3.31 percent. Whether you are looking to refinance or buy a new property using a mortgage, steady rates for this year as compared to the last year indicate a healthy property market. 

Steve Morgan, a Bethany Beach lender thinks this is an ideal time for opting for a mortgage. Whether you are looking for a fixed or flexible APR mortgage, short-term finances, term mortgages, refinances or plan to consolidate some other debts while  refinancing your home, keep a sharp eye on the APR caps and the base rates so you get the best out of the deal that affects your monthly payments.

The residents of Bethany Beach can make the most of this favorable period in the real estate markets boosted by steady, low rates offered by banks. By using the opportunity now, you can ensure that you move into your dream house with an affordable mortgage that does not throw alarming curves down the long repayment lane.

Getting a Mortgage Loan

Bethany beach has gained immense popularity among property buyers, especially those who are looking for a second home or a vacation home. If you are planning to buy a home here, you should equip yourself with all the relevant information about mortgages so that the process of buying a home, getting mortgage and the required paperwork don’t become a bothersome task for you.

What to concentrate on

When buying property on Bethany Beach, you need to concentrate on a few important things about the mortgage for the property. Checking the cost of the mortgage and comparing it with the benefits will help you get the maximum return on investment. There are many Bethany Beach lenders who will offer you competitive mortgages, but comparing them will give you a fair idea about what suits your budget and needs.

First, you must check the mortgage rates - the difference in mortgage interest rates can make all the difference in making your home an affordable one or a really expensive one. Rates also depend on the current economic conditions and realty prices.

You should also inquire with your Bethany Beach lender about the type of mortgage he or she is offering. Lenders like Steve Morgan offer various types of mortgages to suit your needs as well as your financial profile. Also make sure that the mortgage is affordable for you over a long period of time, even if you will not be working.

Finding a good Bethany Beach lender and getting the appropriate mortgage for your dream house is not all that difficult - you should be prepared to do some ground work and compare different offers before you settle for the right mortgage.

Why Choose a Mortgage Broker in Bethany Beach

Bethany beach is rising in popularity among those looking for summer homes or second homes. The reason could be that Bethany Beach offers a remarkably beautiful as well as suitable option for such property buyers. Numerous recreational activities, shopping centers and exciting nightlife - all beckon people to come and settle in this beach town.

How can a mortgage broker help you?

If you are also planning to buy a home in Bethany Beach, you can do so with the help of a mortgage broker. You might not know which Bethany Beach lender to approach for the home loan or may not be aware of how to go about the entire process of getting a loan to buy a house. You might end up wasting considerable time, money and efforts in finding the right lender. This is where a mortgage broker, with his numerous connections, can help you.

A good mortgage broker will not only help you reach the right lender to buy your house at Bethany Beach, but also get you lower rate of interest on your loan than what you might be able to negotiate on your own. You might also be able to save some money which you might otherwise be charged in the name of various fees associated with the loan, like processing fee or application fee.

Reliable mortgage brokers like Steve Morgan can help you get the right loan from the right lender at right rates as well as help you understand the entire mortgage jargon and go through the process smoothly, without making you pay where you need not. What more could anybody ask for?

Buy a House on Mortgage in Bethany Beach

Buy a House on Mortgage in Bethany Beach

The pleasant town of Bethany Beach is not heavily populated, but is a hit among the tourists. It is a favorite among visitors in summers looking to spend quality time on the beach with their family and friends. Many visitors have fallen in love with the beauty of the place and even invested in summer vacation homes and second homes in Bethany Beach.

Steve Morgan is a well-known Bethany Beach lender who can provide you easy mortgage solutions if you are looking to buy a house in this beautiful town. He can help you get a good deal in your budget, at a minimal fee.

Importance of hiring a mortgage broker

If you may think you would be able to do just fine without the help and service of a mortgage broker, you need to think again. Finding a beautiful house in Bethany Beach may not be difficult, but getting it for the right price will certainly be a little tricky. Figuring out the right mortgage price is especially difficult for the ones who are not well-aware of the housing trends and rates of Bethany Beach. A mortgage lender who is updated with the knowledge of various mortgage options and market rates will guide you through the whole process smoothly.

Steve Morgan specializes in residential mortgage loans and can help you get your desired house without any hassles in Bethany Beach at a good price.