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!

When Can Your Mortgage Application Get Rejected?

Filling out mortgage application can be a tedious job that not many of us like doing. It is important to give it a few extra minutes and complete the application carefully with all details correctly and fully mentioned. There are several reasons for a mortgage application to get rejected, a few of which are discussed here.

Areas where you went wrong

Baffled with a mortgage rejection? Well, one of these may have been the reason!

1. Unsuitable credit history – A lender will check your past records to see how well you have managed your finances – both incoming and outgoing, to decide if you will be able to manage a mortgage. Poor credit history equals rejection.
2. Insufficient credit history – Quality and quantity matter with this one. Those who have been using only cash for all transactions and have never had a loan or credit card in the past don’t have any credit history to be checked.
3. Employment issues – Be sure to be gainfully employed for a good amount of time, on a regular basis before you apply for a mortgage. How stable you are with your earnings is a deciding factor for mortgage lenders.
4. Incorrectly filled application form – By deliberately hiding information or omitting to mention important details, you are giving an opportunity for the lender to reject your application. For this issue, using a mortgage broker is beneficial as he/she can check your form and give you advice on filling it before submission.

Steve Morgan of Bethany Beach lender is a reputed mortgage broker who helps you understand the reasons of a loan rejection before helping you to tackle them. Be sure to hire the right broker to avoid frustrating mortgage delays and rejections.

Things you Must Know Before Refinancing your Mortgage

News from the Mortgage Bankers Association has put many home buyers and mortgage shoppers on the alert. They have estimated that the APRs may go up by a percent from the current 3.4 percent for a long-term fixed mortgage of 30 years. Does that imply you should refinance quickly? Steve Morgan at Bethany Beach Lender gives you a few helpful tips.

What to expect while mortgage refinancing

There are a few simple but vital things you must do before you rush to get a better finance option.

1. Be prepared – Financing means money and a financer would like to ascertain that your repayment ability is up-to-the mark. Documentary evidence is mandatory, so it would help if you keep copies of pay stubs, proofs of your assets and liabilities and tax returns filed handy.
   
   
2. File an application – With all documents ready and an impressed financer, the next few steps are relatively easy for you. Fill out the lender’s application accurately and honestly. You must make time; shop around for the best financers. Approaching your current provider, provided you have a good payment history, would not be a bad idea too, if they offer better refinances. Once an application has been submitted, be patient. Processing applications takes a while. They need to verify your suitability and go over every aspect of your finance with a fine-toothed comb.
   
   
3. Choose a rate and seal the deal – Once approved, choose an optimum mortgage, preferably with a locked rate for the initial months so you do not worry about soaring APRs. Make sure you clarify every small doubt you have before the mortgage closing takes place and you land a new deal.

As you see, it’s not that easy to choose a better mortgage. Helpful personnel like Steve Morgan at Bethany Beach ensure that you understand every stage of the process. So follow these basic steps and enjoy a more convenient mortgage for a long period of time!

When Can Your Mortgage Application Get Rejected?

Filling out mortgage application can be a tedious job that not many of us like doing. It is important to give it a few extra minutes and complete the application carefully with all details correctly and fully mentioned. There are several reasons for a mortgage application to get rejected, a few of which are discussed here.

Areas where you went wrong

Baffled with a mortgage rejection? Well, one of these may have been the reason!

1. Unsuitable credit history – A lender will check your past records to see how well you have managed your finances – both incoming and outgoing, to decide if you will be able to manage a mortgage. Poor credit history equals rejection.
2. Insufficient credit history – Quality and quantity matter with this one. Those who have been using only cash for all transactions and have never had a loan or credit card in the past don’t have any credit history to be checked.
3. Employment issues – Be sure to be gainfully employed for a good amount of time, on a regular basis before you apply for a mortgage. How stable you are with your earnings is a deciding factor for mortgage lenders.
4. Incorrectly filled application form – By deliberately hiding information or omitting to mention important details, you are giving an opportunity for the lender to reject your application. For this issue, using a mortgage broker is beneficial as he/she can check your form and give you advice on filling it before submission.

Steve Morgan of Bethany Beach lender is a reputed mortgage broker who helps you understand the reasons of a loan rejection before helping you to tackle them. Be sure to hire the right broker to avoid frustrating mortgage delays and rejections.