Huntsville Real Estate Blog

Have you dreamed about purchasing your dream home in Huntsville?  Pictured yourself and your family enjoying a summer cookout on the back deck, the worries of paying rent a distant memory?  Perhaps you’ve pushed these visions back because you assumed you would never be able to fulfill this dream – the process of purchasing a home and the financial burden of a mortgage may just seem like too much to take on.   

But what if you could share the cost of your dream home with friends or family?  You’d still get to enjoy benefits of homeownership as you build equity in your home, and you wouldn’t be throwing your money away every month on rent.  But the investment and monthly cost of purchasing the home could be cut in half!  It seems like everyone would win in this situation. 

This article, published recently in the Wall Street Journal Online, lays out the many advantages of sharing home ownership.  It also provides good questions to ask yourself before moving into such an investment situation – there are pitfalls to be aware of including the willingness of both parties to delegate control of the property, the future financial stability of both parties, and the comfort level of both parties when it comes to discussing and working out financial and other differences. 

I would love to help you find a home of your own – or to share! – in Huntsville AL. Please call me at 256-508-0211 or visit www.MoveToHuntsville.com to get started with your search for Huntsville real estate!

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The Real Estate Journal (a subsidiary of the Wall Street Journal Online), reported this week that tightening standards in lending may worsen the housing slump being felt in much of the country.

In the wake of the recent controversy surrounding the sub-prime lending market, more lenders in Huntsville are being forced to raise interest rates and stick with loans that are considered less risky than mortgages that were being offered previously.  It is no longer those with the weakest credit records who are feeling the sting of the tightening standards when it comes to credit, documented income, and down payment ability. 

Read the full article here to learn how this trend may affect you if you are in the market for a mortgage. 

If you are in the market for a mortgage in Huntsville AL, I am glad to refer you to a reputable, knowledgeable and competitive mortgage lender who will take the time to explain your loan options to you. This will allow you to make an educated decision about which home loan is best for you considering the current market conditions. Just give me a call at 256-508-0211or visit my website. I’m here to help.

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