Wednesday, September 24, 2014

Four Mortgage Loan Types and its Affect on your Credit Score

Loans can be broadly classified into secured and unsecured loans. While the secured loans are backed up by assets, the repayment of an unsecured loan is not guaranteed by any assets and hence carries higher interest rates.

Impact on your credit-worthiness

There are different kinds of mortgage loans that are available in the market. The first is the fixed-interest mortgage where the interest rate remains the same all through your loan period. The second type of mortgage is the adjustable-rate mortgage where the mortgage rates keeps changing during the loan tenure depending upon the prevalent market conditions. The third type of mortgage is the hybrid mortgage where a fixed portion of the mortgage carries a fixed interest charge and the remaining is floating interest charge.

The last of popular mortgage plan is the Federal Housing Administration loan which enables borrowers to get loan on a low down payment. Credit-worthiness of the borrowers depends on the mortgage selected where fixed interest mortgages have a positive impact on the credit-worthiness. Going for a second mortgage can also have a negative impact on the credit-worthiness of the customers. Selecting a good mortgage lender like the Steve Morgan a popular Bethany beach lender can help in selecting a good mortgage plan that is most appropriate for you.

When looking for buying property on hot properties like Bethany beach always remember to select the right mortgage lender so that you get the best possible deal in terms of the interest rate paid and post purchase service. 

Friday, September 19, 2014

Talking to Bethany Beach Lender for Vacation Home

Having a house of your own in a city is one of the biggest achievements in life for many. However, wouldn’t it be great if you could also have a place to rest, away from the hustle-bustle of a metropolis? If you are looking for a vacation home or second home to occasionally take a break from your hectic city life, you should invest in a property at Bethany Beach.

Why Bethany Beach?

Home to one of the best beaches in the Middle Atlantic, you know time is going to just fly by when you are sunbathing at the shore or enjoying a quick game of volleyball here. By hiring a mortgage broker to get you the desired property at an affordable price, you will have one less thing to worry about.

Steve Morgan, who has been helping people looking for property in Bethany Beach by providing them suitable mortgage schemes, can help you with a plan that suits your needs the best. He will guide you through the various options, explaining you the details of each. He will also recommend a scheme that will work for your budget, based on which you can make a choice.

You will also be able to save yourself the trouble of going to various offices and banks to get your loan sanctioned. Your mortgage broker will take care of all of that. So, isn’t it better to hire a mortgage broker and let him look into the related formalities, while you can start calling your friends and family to have a relaxing stay at your new vacation home?

Wednesday, September 10, 2014

Why Should Retirees Invest in a Beach Side Home

Not many things come close to the pleasure of owning a house by the beach. In fact, the natural setting gets even more pleasing when you are retired and don't have much to look after apart from deciding which game to play with your grandchildren. A home in Bethany Beach is an investable asset for baby boomers looking to settle by the sea side. There are also several health benefits of living on an oceanfront property.

Here are some reasons why you should choose living in a house near the sea:

Long-term profit

The biggest advantage that beach homes offer is that they often retain their value. In fact, they are likely to appreciate in worth because of being located at a popular destination. So even if you decide to sell your beach house, you are certain to get a great deal on it.

Place of retreat

Staying at a property by the seaside is like being on a vacation for 365 days. You can laze by the shore, soak up the sunlight and much more. Also, beach houses are accompanied by several other attractions like resorts, water sports and so on.

Hire an experienced local mortgage broker to get the appropriate loan scheme for the property. Bethany Beach lender Steve Morgan can help you make an informed choice with the kind of mortgage to opt for. Do ask your lender about the specific mortgage guidelines for retirees to get a good deal.

Thursday, September 4, 2014

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!