April 2011 RSS Feed

When purchasing a home in Destin or South Walton, Florida, your credit score plays an important role in the mortgage approval process. Mortgage lenders rely heavily on a borrower’s credit report and credit score to determine the applicant’s creditworthiness and gauge his ability to meet mortgage obligations. Mortgage lenders base loan approval and loan amount decisions largely on the borrower’s debt-to-income ratio and repayment history as revealed in his credit report and credit score.

South Walton home buyers  can inadvertently damage their credit score, possibly jeopardizing the approval of their mortgage, if they are not aware of the impact credit use can have on their credit score. Destin realtors  recommend that home buyers not apply for new…

Owning a home is still the American dream. Despite the recent economic downturn, the majority of Americans still believe that owning a home [http://www.gulfcoastrealestatesales.com/] assures a better quality of life and is a smart financial investment. According to a recent survey of nearly 4,000 adults, 95% of current home owners and 72% of renters believe that buying a home is a smart decision that grows increasingly more beneficial the longer you own your home.

Conducted by Harris Interactive for the National Association of Realtors, the American Attitudes about Homeownership survey round that 56% of home owners were satisfied with their quality of life compared to just 36% of renters. Home owners were similarly more satisfied than renters with…

Location. Location. Location. To that often chanted real estate maxim, vacation property buyers should add timing, timing, timing. There will never be a more favorable time to purchase a vacation home in Destin and South Walton, Florida. After the double whammy dealt by the housing/mortgage meltdown and the Gulf oil spill, property values along Florida’s scenic Gulf Coast are cheap; mortgage interest rates are unbelievably low; and property selection is at an all-time high. It’s the optimal buyer’s market. If you’ve been thinking about purchasing a vacation home in the Destin-South Walton area, it’s time to make your move. The current buyer’s market is already showing signs of turning around, and the incredible real estate bargains available today are…