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All agents are NOT alike! Find out why we are top real estate experts. Call us: 877-945-8555.
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Request Our Free Relocation Package! Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate! Find Out More > View All Offers >
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Compare three mortgages at one time.
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Bill, Joanne and Mike Cranston
are some of The Top Selling Real Estate Experts Find Out More > |
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Special Offers: Special offers for Gulf Shores, and Orange Beach
homeowners from Bill, Joanne and Mike Cranston, top Realtors |
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Affiliates: Bill, Joanne and Mike Cranston's real estate web site
affiliates |
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Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
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How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
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Determine Tax Savings: Calculate how much your
monthly Gulf Shores, and Orange Beach Alabama mortgage payments save you on
your taxes because of loan interest |
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Should You Rent or Buy?: Is it better to rent a
home in Alabama or buy your own Gulf Shores, and Orange Beach house, ranch,
luxury property, condominium, acreage, or other real estate? |
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Adjustable Rate Mortgages: Adjustable rate Gulf
Shores, and Orange Beach mortgages information and interest rate java
calculator |
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What Is Your APR?: Determine the Annual Percentage
Rate (APR) for your mortgage. |
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Fixed or Adjustable Rate Mortgage?: Use this calculator to
compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and
an Interest Only ARM. |
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Are Balloon Mortgages For You?: Balloon mortgage calculator.
A balloon mortgage can be an excellent option for many home
buyers. |
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15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay
significantly less interest, but only if you can afford the higher monthly
payment. Use this calculator to compare these two mortgage
terms. |
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How Much Should Your Income Be?: What income is required
to qualify for a mortgage? Use this calculator to find out. |
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What's Your Maximum Mortgage?:This calculator will help you
determine your maximum monthly housing payment and the resulting mortgage
amount. |
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Will Buying Points Save You Money?:This calculator helps you
determine if you should pay for points, or use the money to increase your down
payment. |
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TripleCalc: FREE Software Download: TripleCalc lets you compare three loans at
one time for your property or other Alabama real estate |
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Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
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Ask Anything: Ask
Bill, Joanne and Mike Cranston anything real estate |
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NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agentss and realty
professionals and brokers in the USA and Canada with links to their personal
web sites with homes for sale |
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Real Estate Tips: Bill, Joanne and Mike Cranston's
realty library of real estate tips and advice on everything from preparing your
home for sale to negotiating with home buyers to escrow, closing costs,
property inspections, and mortgage brokers |
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Real Estate Trivia: Bill, Joanne and Mike Cranston's collection of real estate trivia
questions and answers that include real estate topics such as the most
expensive home, largest swimming pool, and more |
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Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Gulf Shores, and Orange Beach property in Alabama, including legal terms
definitions, and more |
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Financing Your Home >Home Buyers Education
As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.
Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.
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| Q |
In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts?
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Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen. |
See More Real Estate Trivia > |
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