Find
a New Home
or Land to Build On!
Malbis, Spanish Fort, Loxley, or Fairhope on Alabama's Eastern
Shore
Michelle Beckham
will search for your ideal home and email you the newest Malbis,
Eastern
Shore
and Baldwin
County MLS listings of properties
Latest
Listings: Get Michelle Beckham's latest Malbis, Eastern
Shore and Baldwin County listings of homes for sale first!
Join our e-mail announcement list & be the first to find out!
First
Time Homebuyers: Are you a first time homebuyer in Malbis,
Eastern Shore and Baldwin County, AL? As a top Realtor, Michelle
Beckham can guide your home buying search
Mortgage
Prequalification: Michelle can guide you throught
the Pre-qualify process for a mortgage or loan for your Malbis,
Eastern Shore and Baldwin
County house
or
other real
estate property.
Helpful
Online Calculators
To analyze your financial position related to obtaining a mortgage,
click on one of the listed calculators.
How
Much Can I Afford?
The Maximum Loan Calculator estimates the amount of money you can borrow based
on your income and debt.
Rent
vs. Buy Calculator
The Rent vs. Buy Calculator estimates the payment and tax savings you would
have by owning your own home.
Monthly
Cost Calculator
The Monthly Cost Calculator determines the monthly payment for any type of
loan.
"Should
I Refinance?" Calculator
Enter information about your current loan and the new loan you're thinking
of taking, and we'll calculate your savings.
Glossary
of Mortgage Terms
Learn about the terms used when planning your next home loan.
Let
ERAClass.com & Michelle Beckham find you a new home in Malbis,
Daphne, Spanish Fort, Loxley, or Fairhope, Alabama
Questions for first-time home buyers:
Q: What can I afford to buy?
Answer: Each buyer is unique — and we'll help you find out
just what you can afford. Your income and your debts will
typically play the biggest roles in determining
your price range. It's simple to make an estimate, just run the numbers for
yourself using our Affordability Calculator.
Q: Do I have enough money to buy my first home?
Answer: We offer a range of mortgage programs, and we'll help you
determine which can work for you — some of our loans
require little money down. You'll also need to consider closing
costs and the escrow account for taxes and insurance.
But don't get overwhelmed: it's a snap to figure out how much money you'll
need, using our handy Affordability Calculator.
Q: What about my less-than-perfect credit report?
Answer: Our special solutions program can help:
- We
offer loan options ideal for those who have a few "dings" on
their credit report.
- We
try to work with every customer to develop an individual
mortgage
program - we call it your personalized rate, because no two are
alike.
So
we try to develop a custom program based on your credit
worthiness.
Q: What's the best loan program for me?
Answer: That depends on a number of factors, including:
- How
long you'll stay in the home;
- How
much money you'll put down;
- How
you'll finance the closing costs.
For
information on the loan programs and rates available,
just visit Loan
Programs.
Q: What are the tax benefits to owning a home?
Answer: You may be able to deduct the interest you pay on the mortgage loan and some
of the financing costs of the home, such as points. And your property taxes
could be deductible. You should consult your tax advisor for more information.
If you're renting right now, you may want to take a look at our Rent
vs. Buy Calculator.
Q: What do I need to know about the mortgage loan process?
Answer: Just this — you've come to the right place for a loan process that's
fast, clear, and even fun! We've worked hard to simplify the process and provide
the best loan experience anywhere, online or off. Too good to be true? Not
at all. Click
here to find out How We Do It.
Q: What can I expect after I become a homeowner?
Answer: Besides unpacking boxes? You can expect that we'll continue
to provide first-rate support and service. Go online anytime to
monitor
your loan
activity, like
principal, escrow, and taxes. And of course, we're always here
to help: contact us by email or by phone.
Questions for Repeat/Experienced
Buyers:
Q: I want to move up to a better home. What can I afford?
Answer: Each buyer is unique — and we'll help you find out just what you can
afford. You already know that monthly income and financial obligations are
most important in determining your price range. It's simple to make an estimate:
just run the numbers for yourself using our Affordability
Calculator.
Q: I'm buying a second home. Is it a different process?
Answer: No. Whether you need to be near the water or in the mountains, a vacation
home offers an opportunity for fun and relaxation — and we make it just as
easy to obtain a mortgage. But keep in mind you'll need to identify sources
for your down payment, since you're not selling your current house and using
the proceeds, and you'll need to expect a larger monthly obligation for housing
expenses. We'll work with you to create a customized loan program with the
best combination of rate, points, and closing costs for your needs — we
call it our personalized rate because no two are alike!
Q: What about my less-than-perfect credit report?
Answer: Our special
solutions program can help:
- We
offer loan options ideal for those who have a few "dings" on
their credit report.
- We
try to work with every customer to develop an individual
mortgage program - we call
it your personalized rate, because
no two are
alike.
So
we try to develop a custom program based on your credit
worthiness.
Q: Will I need an appraisal on my new home?
Answer: Not
necessarily. You may qualify for a more streamlined
loan process. We can look
at your credit history and consult our property assessment
model to determine
if we can complete your loan application without an
appraisal.
Q: Do I have to pay Private Mortgage Insurance (PMI)?
Answer: Our
loan programs for down payments of 20% or less do not
require you to
purchase Private Mortgage Insurance (PMI). Instead,
we have a Low Down Payment Rate
Adjustment that is added to the interest rate. In most
cases, it will
cost less than PMI and, if you itemize deductions on
your taxes, this may provide
you with an additional tax deduction opportunity. Please
consult your tax advisor.
Q: What if I don't sell my current house?
Answer: You
may qualify for a new loan without even selling your
current home. We'll help
you determine what might work for you. It's simple
to run the numbers
for yourself on our handy Affordability
Calculator.
You may also want to discuss a bridge loan — give us a call at (251) 709-4558.
Q: What if I'm building a home?
Answer: If
you are working with a builder within a sub-division
or development and
just making carpeting, lighting and appliance selections
for a brand-new home,
you can probably obtain a standard mortgage loan. But
if you're hiring contractors, electricians, plumbers,
and painters, you probably
need
a construction loan,
which provides funds to pay subcontractors as work
progresses. For more information on construction loans,
give us a
call at (251) 709-4558.
